What is the global market size of the Print Equipment?

Print Equipment Market size was valued at USD 22.89 billion in 2019 and is poised to grow from USD 23.4 billion in 2023 to USD 27.85 billion by 2031, growing at a CAGR of 2.20% in the forecast period (2024-2031).

Who are the key vendors in the Global Print Equipment Market?

Global print equipment market is growing and welcoming new competitors. To increase their market share, major players are concentrating on technological developments. As an illustration, Landa Corp. recently created nanotechnology to print on any type of surface with a minimum amount of pigment water-based particles. These advances should bode well for the world market. 'HP Inc.', 'Canon Inc.', 'Epson America Inc.', 'Brother Industries Ltd.', 'Xerox Corporation', 'Konica Minolta Inc.', 'Ricoh Company Ltd.', 'Kyocera Document Solutions Inc.', 'Toshiba Tec Corporation', 'Lexmark International Inc.', 'Fujitsu Ltd.', 'Oki Electric Industry Co. Ltd.', 'Sharp Corporation', 'Samsung Electronics Co. Ltd.', 'Panasonic Corporation', 'Seiko Epson Corporation', 'Roland DG Corporation', 'Mimaki Engineering Co. Ltd.', 'Mutoh Holdings Co. Ltd.', 'Agfa-Gevaert Group'

Print Equipment Market Size

SkyQuest Technology's Print equipment market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Print Equipment Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Print Equipment Market Insights

Global Print Equipment Market size was valued at USD 20.9 billion in 2023 and is poised to grow from USD 21.1 billion in 2024 to USD 22.8 billion by 2032, growing at a CAGR of 1.0% during the forecast period (2025-2032).

The invention of printing presses has enabled the mass production of books, newspapers, magazines, and other reading materials. In order to promote literature, printing is crucial. For instance, according to the World Association of Newspapers and News Publishers (WAN-IFRA) 2020 facts report, the print circulation was 521 million around the globe. According to the estimates publishers are earning about 82% of their total revenue from print, and that revenue will prove vital for publishers continuing to transition to a more digitally-focused business.

The global printing machine market is expanding as a result of the expanding packaging industry and rising demand for advanced graphics in this sector. Additionally, the expansion of e-commerce has become a key element in the growth of the packaging market, which has in turn increased demand for printing equipment. For instance, the Indian Brand Equity Foundation estimates that the country's e-commerce sector earned $15 billion in revenue in 2019 and went on to reach $64 billion in 2019, with a CAGR of 44.8 percent.

The fundamental force behind this growth of the print equipment market is the quick development of technology. One of the most recent advancements influencing the prognosis for the global market for printing machines and equipment is instant and on-the-go printing. By using the appropriate smartphone app, wireless connectivity in portable printers enables hassle-free printing for consumers. In addition to inspiring the future generation of young users to be more imaginative and acclimated to using printers with this technology, the futuristic technology will also. The supply of essential raw materials for inks and their components has been particularly difficult over the past few years, forcing ink businesses to scramble to obtain inks and coatings at significantly higher costs. As per reports, sales of printing equipment fell by 24 percent in 2019 as a result of the coronavirus epidemic, totalling to USD 13.2 billion globally.

US Print Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.

Print Equipment Market Report Snapshots

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Global Print Equipment Market size was valued at USD 22.89 billion in 2023 and is poised to grow from USD 23.39 billion in 2024 to USD 27.84 billion by 2032, growing at a CAGR of 2.2% during the forecast period (2025-2032).

Global print equipment market is growing and welcoming new competitors. To increase their market share, major players are concentrating on technological developments. As an illustration, Landa Corp. recently created nanotechnology to print on any type of surface with a minimum amount of pigment water-based particles. These advances should bode well for the world market. 'Canon Inc. (Japan)', 'Seiko Epson Corporation (Japan) ', 'Xerox Holdings Corporation (USA) ', 'HP Inc. (USA) ', 'Konica Minolta, Inc. (Japan) ', 'Ricoh Company, Ltd. (Japan) ', 'Fujifilm Holdings Corporation (Japan) ', 'Heidelberger Druckmaschinen AG (Germany) ', 'Koenig & Bauer AG (Germany) ', 'Komori Corporation (Japan) ', 'Agfa-Gevaert N.V. (Belgium) ', 'Durst Group AG (Italy) ', 'Electronics for Imaging, Inc. (EFI) (USA) ', 'Mimaki Engineering Co., Ltd. (Japan) ', 'Roland DG Corporation (Japan) ', 'Brother Industries, Ltd. (Japan) ', 'OKI Electric Industry Co., Ltd. (Japan) ', 'Sharp Corporation (Japan) ', 'Toshiba TEC Corporation (Japan) ', 'Lexmark International, Inc. (USA)'

The primary force behind the growth of the print equipment market is the quick development of technology. Apart from this, instant and on-the-go printing is gaining all the popularity around the globe. By using the appropriate smartphone app, wireless connectivity in portable printers enables hassle-free printing for consumers. In addition to inspiring the future generation of young users to be more imaginative and acclimated to using printers with this technology, the futuristic technology will also.

The sustainability mission taken up by key players active in the global print equipment market to compel the market to bring in eco-friendly products. For example, recently Bobst launched a new "high barrier flexible packaging solution" designed for recyclability. The company had successfully completed a pilot of the Digital Product Passports (DPP) initiative for a demo machine in Manchester. Moreover, switching to eco-friendly printing equipment, ink manufacturers are developing eco-friendly inks as consumers become more aware of the effects of their decisions on the environment. As compared to petroleum-based ink, soy-based ink provides true colours, is more environmentally friendly, and makes it simpler to recycle paper. This class of environmentally friendly inks is becoming more and more popular as corporate sustainability.

Global print equipment market is anticipated to be led by North America in the coming years. The trend is not expected to change any time soon. Rapid technological development and early uptake of cutting-edge technology in the area are the key market drivers.

Print Equipment Market Size

Print Equipment Market Insights

Print Equipment Market Report Snapshots

FAQs

What is the global market size of Print Equipment Market?

Who are the key vendors in the Print Equipment Market?

What is the key driver of Print Equipment Market?

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Which region accounted for the largest share in Print Equipment Market?

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