Global Inkjet Printer Market Global Industry Trends, Share, Size and Forecast Report By 2030

Inkjet Printer Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, sales network, business strategies, research & development activities, production and consumption, supply chain analysis, competitive landscape, and market composition analysis.

High flexibility in printing systems with printing capability on any substrate are the prime factors toward adoption of inkjet printers. Inkjet printers offer an economic alternative over other printing processes owing to digital print, low initial set-up cost, and high substrate variability. This has increased the demand for inkjet printers from book printing as well as textile printing applications. Inkjet technology is witnessing prominent investment in machinery, printing heads, inks and drying systems, software and substrates which is anticipated to contribute towards growth of inkjet printer market. The global inkjet printer market is anticipated to expand at a CAGR of around 13% during the forecast period 2020-2030, in terms of revenue. Additionally, emergence of Big Data, Internet of Things, and smart production, is anticipated to contribute towards increasing adoption of inkjet printers across commercial and industrial applications.

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Multi-functional printers to be the fastest growing owing to rising penetration across multiple end use verticals

The inkjet printer market is segmented based on printer type, technology, substrate, end use, and geography. Based on printer type, the market is segmented into single functional printers, multi-functional printers, large format printers, industrial inkjet printers, textile inkjet printers, and inkjet press. Large format printers contributed a largest market share in terms of revenue in 2018 and is anticipated to grow at a prominent CAGR during the forecast period as these are capable of printing large volumes with high quality and without pixel split. Multi-functional printers are widely used across academic institutions, thus are anticipated to contribute a prominent share to the global inkjet printer market. The multi-functional inkjet printers are anticipated to be the fastest growing printer type owing to low cost and multiple functions such as printing, scanning, coping, and paper handling offered by these printers.

Industrial inkjet printers to gain traction and dominate global market over forecast period

Based on end use, the market is segmented into consumer, industrial and institutional. The industrial inkjet printers dominated the global inkjet printer market in 2018 in terms of revenue. Rising adoption of inkjet printers in 3D printing, ceramic printing, and textile printing is anticipated to drive inkjet printer market during the forecast period. Commercial inkjet printers are anticipated to witness growth during the forecast period owing to economic alternatives offered by these printers over other printing techniques. High penetration of inkjet printers for inkjet varnishing and specialty coating are anticipated to be the prime factors fueling the growth of inkjet printers in commercial applications.

Based on geography, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. North America contributed largest share of the market and is anticipated to hold its dominance in deployment of inkjet printers across wide applications. Asia Pacific is expected to be the fastest growing region with rising adoption in textile designing, packaging and book printing applications. Moreover, Europe is also anticipated to witness steady growth over the forecast period.

Major players operating in the global inkjet printer market include Canon Inc., HP Inc., Brother Industries Ltd., Xerox Corporation, Seiko Epson Corporation, Hitachi Industrial Equipment Systems Co. Ltd., Domino Printing Sciences PLC, Lexmark International Inc., Videojet Technologies Inc., and Inkjet Inc.

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