Market Research Future (MRFR) has published a cooked research report on the “Global Printing Machinery Market” that contains information from 2018 to 2032. The Printing Machinery market is estimated to register a CAGR of 5.10% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Printing Machinery market— Tokyo Kikai Seisakusho LTD., Proto Labs, Inc, Koenig & Bauer AG, Xerox Corporation, Canon Inc., HP Development Company L.P., Manroland Goss, Presstek LLC, 3D Systems, Inc., KOMORI Corporation., and Heidelberger Druckmaschinen AG
Printing Machinery Market Highlights
The global Printing Machinery market is accounted to register a CAGR of 5.10% during the forecast period and is estimated to reach USD 34.6 Billion by 2032.
The world market for printing equipment is a fiercely competitive and developing one. It includes a range of printing technologies, such as offset, flexography, digital, and screen printers. Technology developments, rising packaging and labeling demand, and the expansion of e-commerce are the key market drivers.
Segment Analysis
The global printing machinery market has been segmented based type, technology and end user.
On the basis of type, the market is segmented into printers and plotters. Printers segment dominated the global market in 2022. This can be attributed to its advantageous characteristics, which include durability, recycling, and straightforward packing.
Based on technology, the global printing machinery market has been segmented into digital, lazer, flexographic, and rotogravure. Digital segment dominated the global Printing Machinery market in 2022. The digital method is used for high- medium-, and low-volume printing for a variety of purposes.
Based on End User, the global Printing Machinery market has been segmented manufacturing, packaging, and research. Packaging segment dominated the global market in 2022. The packaging industry is anticipated to continue to dominate the target market's end-user industrial sector.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Printing Machinery Market Research Report
Regional Analysis
The global Printing Machinery market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Printing Machinery market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Printing Machinery market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Printing Machinery market comprises of Middle East, Africa, and Latin America.
The North America Printing Machinery Market dominated this market in 2022 (45.80%). The market for printing machines in the US is anticipated to grow profitably as a result of expanded packaging printing opportunities and growing public awareness of cutting-edge printing technology. The local market is expected to face challenges as more people switch to digital media and as prices increase. However, industry analysts predict that 3D printing's expanding popularity, printer consolidation, and high productivity will be the main drivers.
Moreover, in 2022, the Europe Printing Machinery market held a sizable market share. The region's spike in demand for ecologically friendly packaging and consumer goods is the main factor fueling the expansion of the printing machinery market in Europe.
Additionally, from 2023 to 2032, the Asia Pacific Printing Machinery Market is anticipated to experience considerable expansion. This is due to both high end-user demand and extra growth potential in packaging printing. For instance, at Labelexpo Asia 2019, Bobst will display its most recent goods and services in China. The company will demonstrate the new Master DM5 hybrid press, a digitally automated device for the label industry.
Furthermore, the rest of the world's Printing Machinery market is divided into the Middle East, Africa, and Latin America. The Latin America printing machinery market is experiencing steady growth due to rising demand for packaging and labeling solutions, especially in industries like food and beverage, pharmaceuticals, and cosmetics. The region's growing e-commerce sector is also driving the demand for printing machinery. Key players are focusing on technological advancements and expanding their market presence in Latin America.
Key Findings of the Study
- The global Printing Machinery market is expected to reach USD 34.6 Billion by 2032, at a CAGR of 5.10% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. Due to increased end-user demand and the possibility for further expansion in packaging printing.
- Based on end user the packaging segment was attributed to holding the largest market in 2022.
- Tokyo Kikai Seisakusho LTD., Proto Labs, Inc, Koenig & Bauer AG, Xerox Corporation, Canon Inc., HP Development Company L.P., Manroland Goss, Presstek LLC, 3D Systems, Inc., KOMORI Corporation., and Heidelberger Druckmaschinen AG
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Companies Covered | 15 |
Pages | 128 |
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