Global Digital Printing Market

Global Digital Printing Market Size, Share, Growth Analysis, By Technology(Inkjet, electrophotography), By Application(Textiles, ceramics) - Industry Forecast 2024-2031

Report ID: SQMIG45J2203 | Region: Global | Published Date: February, 2024
Pages: 197 | Tables: 65 | Figures: 75

Global Digital Printing Market News

  • In January 2021, HP Inc. announced the acquisition of HyperX, a gaming peripherals company, to expand its gaming portfolio.
  • In March 2021, Canon Inc. launched a new digital printing press, the imagePRESS C170 Series, to meet the demand for high-quality prints in the commercial printing industry.
  • In June 2021, Xerox Corporation announced its acquisition of CareAR, a provider of enterprise augmented reality software solutions, to enhance its service offerings.
  • In August 2021, Konica Minolta Inc. announced the launch of a new digital printing press, the AccurioPress C7100/C7090 series, with improved productivity and flexibility.
  • In October 2021, Ricoh Company Ltd. announced the acquisition of DocuWare GmbH, a provider of cloud-based document management and workflow automation software solutions.
  • In December 2021, Fujifilm Holdings Corporation announced the launch of a new digital printing press, the Jet Press 750S High Speed Model, with improved productivity and print quality.
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FAQs

Global Digital Printing Market size was valued at USD 24.30 billion in 2021 and is poised to grow from USD 25.95 billion in 2022 to USD 43.93 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

The market is highly competitive and fragmented, with a large number of players operating in the industry. Some of the major market players are making significant investments in R&D to enhance their product offerings and stay one step ahead of the competition. Additionally, they are concentrating on strategic alliances and collaborations to broaden their customer base and market penetration. Along with these well-known players, a number of smaller businesses and startups are also breaking into the market with cutting-edge goods and services. These companies are often focused on niche markets or specific applications, such as textile printing or 3D printing. 'HP Inc. (US)', 'Canon Inc. (Japan)', 'Xerox Corporation (US)', 'Ricoh Company Ltd. (Japan)', 'Konica Minolta Inc. (Japan)', 'EFI Electronics for Imaging Inc. (US)', 'Agfa-Gevaert NV (Belgium)', 'Durst Phototechnik AG (Italy)', 'Seiko Epson Corporation (Japan)', 'Kyocera Document Solutions Inc. (Japan)', 'Fujifilm Holdings Corporation (Japan)', 'Mimaki Engineering Co. Ltd. (Japan)', 'Inca Digital Printers Ltd. (UK)', 'Mutoh Industries Ltd. (Japan)', 'Roland DG Corporation (Japan)', 'Electronics for Imaging, Inc. (US)', 'Kornit Digital Ltd. (Israel)', 'Caldera Graphics SAS (France)', 'Global Graphics SE (Belgium)', 'Electronics for Imaging, Inc. (US)'

With the rise of e-commerce and online shopping, consumers are increasingly looking for personalized and customized products. Digital printing allows for quick and cost-effective production of customized products, such as personalized phone cases, mugs, and t-shirts. This has led to an increase in demand for digital printing services.

Increased adoption of web-to-print solutions: Web-to-print solutions allow customers to design and order printed products online, which can streamline the ordering process and reduce costs for businesses. This trend is expected to continue as more companies look for ways to improve their online presence and customer experience.

North America dominated the Global Digital Printing Market. The United States is the largest market for digital printing in this region, with significant demand from several industries such as packaging, textiles, and commercial printing. The high adoption rate of advanced printing technologies, coupled with the presence of several key market players, is driving the growth of the digital printing market in North America.

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