Press release
Inkjet Printers Industry Set for Robust Growth: From USD 7.0 Billion in 2023 to USD 11.6 Billion by 2033
The global inkjet printers market is poised for substantial growth, with its size expected to reach USD 7.0 billion in 2023. As the eCommerce industry continues to expand, the demand for inkjet printers is set to increase, driving the market to a projected value of approximately USD 11.6 billion by 2033. This represents a steady compound annual growth rate (CAGR) of 5.2% over the forecast period from 2023 to 2033.
This growth is fueled by several key factors, including the rising popularity of high-quality, cost-effective printing solutions in both consumer and industrial applications. The demand for inkjet printers in sectors such as education, healthcare, retail, and packaging is escalating due to their versatility and ability to produce high-resolution prints at a lower cost per page compared to traditional printing methods.
Get the Complete Story-Read More About Our Latest Report!
https://www.futuremarketinsights.com/reports/inkjet-printers-market
Moreover, the continuous innovation in inkjet technology, such as the development of faster and more efficient printers, has broadened their application scope, further propelling market growth. The trend towards digitalization and the increased adoption of color printing in business documents are also contributing to the market expansion.
Additionally, the growing environmental awareness and the shift towards sustainable printing practices, with the use of eco-friendly inks and energy-efficient printers, are expected to drive the demand for inkjet printers over the forecast period.
Key Takeaways from the Market Study
• Global inkjet printers market was valued at USD 55.4 billion by 2022-end.
• From 2018 to 2022, the market demand expanded at a CAGR of 5.9%.
• China is expected to hold a dominant CAGR of 7.7% during the forecast period.
• By printer type, the large format printers segment is expected to constitute a CAGR of 6.6% in 2033.
• On the basis of end-user industry, the institutional segment is expected to dominate the market with a CAGR of 6.5% in 2033.
• From 2023 to 2033, inkjet printers market is expected to flourish at a CAGR of 6.7%.
• By 2033, the market value of inkjet printers is expected to reach USD 113.1 billion.
Competitive Landscape
Prominent players in the inkjet printers market are HP Inc., Canon Inc., Seiko Epson Corporation, Domino Printing Sciences plc, Brothers Industries Ltd., Hitachi Industrial Equipment Systems Co., Ltd., Inkjet Inc., Xerox Corporation, Videojet Technologies, Inc., Markem-Imaje Corporation, and Lexmark International, Inc., among others.
Recent Developments
• In 2020, Epson introduced the SureColor P-Series printers, including the SureColor P7570 and P9570, featuring advanced PrecisionCore printhead technology and UltraChrome PRO12 pigment ink for professional photo and fine art printing.
• In 2020, HP introduced the HP Stitch S1000, a dye-sublimation printer designed for textile and soft signage printing, offering fast production speeds and vibrant colors.
• In the same year, Canon introduced the imagePRESS C165, a compact inkjet color press with high-quality output and versatile media handling capabilities.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global inkjet printers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the inkjet printers market, the market is segmented on the basis of printer type (single functional printers, multi-functional printers, large format printers, industrial inkjet printers, textile inkjet printers, and inkjet press), by technology type (continuous inkjet, and drop on demand), by substrate (plastic, metal, paper, fabric, ceramic, and others), and by end-use industry (consumer, institutional, and industrial), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
Key Segments Profiled In The Global Inkjet Printers Market
By Printer Type:
• Single functional Printers
• Multi-functional Printers
• Large Format Printers
• Industrial Inkjet Printers
• Textile Inkjet Printers
• Inkjet Press
By Technology Type:
• Continuous Inkjet
• Drop on Demand
• Thermal DOD
• Piezoelectric DOD
By Substrate:
• Plastic
• Metal
• Paper
• Fabric
• Ceramic
• Others
By End-use Industry:
• Consumer
• Institutional
• Industrial
• Packaging
• Publishing
• Photography
• Textile
• Advertisement
By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa (MEA)
Have a Look at Another Post on the Packaging Domain:
Polyester Straps Market - https://www.fmiblog.com/2024/10/01/polyester-straps-market-to-reach-usd-2-1-billion-globally-by-2033-at-7-4-cagr-future-market-insights-inc/
Digital Printing Packaging Market - https://www.fmiblog.com/2024/10/01/global-digital-printing-packaging-market-is-expected-to-generate-usd-30696-45-million-by-2033-future-market-insights-inc/
MENA Industrial Packaging Market - https://www.fmiblog.com/2024/08/14/global-mena-industrial-packaging-market-is-expected-to-generate-usd-9-4-billion-by-2033-future-market-insights-inc/
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
This growth is fueled by several key factors, including the rising popularity of high-quality, cost-effective printing solutions in both consumer and industrial applications. The demand for inkjet printers in sectors such as education, healthcare, retail, and packaging is escalating due to their versatility and ability to produce high-resolution prints at a lower cost per page compared to traditional printing methods.
Get the Complete Story-Read More About Our Latest Report!
https://www.futuremarketinsights.com/reports/inkjet-printers-market
Moreover, the continuous innovation in inkjet technology, such as the development of faster and more efficient printers, has broadened their application scope, further propelling market growth. The trend towards digitalization and the increased adoption of color printing in business documents are also contributing to the market expansion.
Additionally, the growing environmental awareness and the shift towards sustainable printing practices, with the use of eco-friendly inks and energy-efficient printers, are expected to drive the demand for inkjet printers over the forecast period.
Key Takeaways from the Market Study
• Global inkjet printers market was valued at USD 55.4 billion by 2022-end.
• From 2018 to 2022, the market demand expanded at a CAGR of 5.9%.
• China is expected to hold a dominant CAGR of 7.7% during the forecast period.
• By printer type, the large format printers segment is expected to constitute a CAGR of 6.6% in 2033.
• On the basis of end-user industry, the institutional segment is expected to dominate the market with a CAGR of 6.5% in 2033.
• From 2023 to 2033, inkjet printers market is expected to flourish at a CAGR of 6.7%.
• By 2033, the market value of inkjet printers is expected to reach USD 113.1 billion.
Competitive Landscape
Prominent players in the inkjet printers market are HP Inc., Canon Inc., Seiko Epson Corporation, Domino Printing Sciences plc, Brothers Industries Ltd., Hitachi Industrial Equipment Systems Co., Ltd., Inkjet Inc., Xerox Corporation, Videojet Technologies, Inc., Markem-Imaje Corporation, and Lexmark International, Inc., among others.
Recent Developments
• In 2020, Epson introduced the SureColor P-Series printers, including the SureColor P7570 and P9570, featuring advanced PrecisionCore printhead technology and UltraChrome PRO12 pigment ink for professional photo and fine art printing.
• In 2020, HP introduced the HP Stitch S1000, a dye-sublimation printer designed for textile and soft signage printing, offering fast production speeds and vibrant colors.
• In the same year, Canon introduced the imagePRESS C165, a compact inkjet color press with high-quality output and versatile media handling capabilities.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global inkjet printers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the inkjet printers market, the market is segmented on the basis of printer type (single functional printers, multi-functional printers, large format printers, industrial inkjet printers, textile inkjet printers, and inkjet press), by technology type (continuous inkjet, and drop on demand), by substrate (plastic, metal, paper, fabric, ceramic, and others), and by end-use industry (consumer, institutional, and industrial), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
Key Segments Profiled In The Global Inkjet Printers Market
By Printer Type:
• Single functional Printers
• Multi-functional Printers
• Large Format Printers
• Industrial Inkjet Printers
• Textile Inkjet Printers
• Inkjet Press
By Technology Type:
• Continuous Inkjet
• Drop on Demand
• Thermal DOD
• Piezoelectric DOD
By Substrate:
• Plastic
• Metal
• Paper
• Fabric
• Ceramic
• Others
By End-use Industry:
• Consumer
• Institutional
• Industrial
• Packaging
• Publishing
• Photography
• Textile
• Advertisement
By Region:
• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa (MEA)
Have a Look at Another Post on the Packaging Domain:
Polyester Straps Market - https://www.fmiblog.com/2024/10/01/polyester-straps-market-to-reach-usd-2-1-billion-globally-by-2033-at-7-4-cagr-future-market-insights-inc/
Digital Printing Packaging Market - https://www.fmiblog.com/2024/10/01/global-digital-printing-packaging-market-is-expected-to-generate-usd-30696-45-million-by-2033-future-market-insights-inc/
MENA Industrial Packaging Market - https://www.fmiblog.com/2024/08/14/global-mena-industrial-packaging-market-is-expected-to-generate-usd-9-4-billion-by-2033-future-market-insights-inc/
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
