Growing Demand for Cost-effective and High-quality Graphics Benefiting Digital Printer Manufacturers: Fact.MR Report

The global Digital Printer Market is projected to reach a value of US$ 50.63 billion in 2034, according to a recently updated industry analysis by Fact.MR, a market research and competitive intelligence provider. Worldwide revenue from the sales of digital printers is forecasted to increase at a CAGR of 6.2% from 2024 to 2034.

Accelerating demand for cost-effective and high-quality graphics with environmental sustainability in mind is driving the sales of digital printing solutions, which is subsequently creating lucrative market prospects for digital printer manufacturers. The emergence of sheet-fed digital printing, 3D printing, and printed electronics and print security is contributing to increased revenue streams for market players. Furthermore, the growing demand for excellent color blending features and tonal variety is pushing the sales of inkjet printers.

The prominence of North America in the global market is attributed to the rising focus on sustainable printing solutions and preference for novel printing technologies, leading to the increasing use of digital printers. Moreover, the presence of leading digital printing companies such as Graphic Vision, LLC, Custom Ink, and others in the region is also strengthening its position in the global market.

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Key Takeaway from Digital Printer Market Study:

Worldwide sales of digital printers are forecasted to reach US$ 50.63 billion by the end of the assessment period (2024 to 2034). Demand for digital printers in Japan is evaluated to accelerate at 7.5% CAGR from 2024 to 2034.

North America is approximated to account for 31.5% share of the global market by the end of 2034. Sales of digital printers in South Korea are projected to rise at 7.7% CAGR through 2034.

Global demand for solvent ink-based digital printers is analyzed to increase at a CAGR of 5.6% and reach a market value of US$ 17.21 billion by the end of 2034. Worldwide sales of inkjet printers are set to rise at 5.5% CAGR and reach US$ 31.9 billion by 2034-end.

“Key market players are emphasizing integrating advanced technologies and offering customized printing equipment to increase their profits through the sales of digital printers,”says Fact.MR analyst.

Digital Printer Market News & Trends:

The major companies in the digital printer market are concentrating on partnerships, acquisitions, mergers, and other forms of cooperation in order to increase their market share and broaden their operations across many geographical areas.

For example:

One of the most well-known providers of printing solutions is Printronix, which has its main office in Irvine, California, in the US. Customers can use it for compliance labeling, shipping, tracking and administration, and other services.

It is true.In this newly revised market analysis, MR offers comprehensive data on the price points of top digital printer manufacturers located worldwide, sales growth, production capacity, and potential technological advancements.

Expanding e-Commerce Industry Generating Huge Demand for Advanced Digital Printing Solutions

The expanding e-commerce industry is pushing the demand for digitalized label printing. Thereby, an increase in the demand for digital printers is being noticed. Moreover, constant advancements have been taking place in print technology, which is further stimulating businesses to opt for more effective and flexible printing solutions.

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Key Market Players

Hewlett-Packard Development Company, Printronix, Canon Inc., Inca Digital Printers Limited, Seiko Epson Corporation, Durst Phototechnik AG, Xerox Corporation, and Ricoh Company Ltd. are some of the leading manufacturers of digital printers.

More Valuable Insightson Offer

Fact.MR, in its new offering, presents an unbiased analysis of the digital printer market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on product type (inkjet, laser) and ink type (aqueous, solvent, UV-curable, dye sublimation, latex), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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