The market for commercial printers is expected to reach US$ 789.5 million in 2022. By 2032, it is anticipated that the commercial printer market will have grown at a slow CAGR of 2.3% and will have reached US$ 987.9 million.
The commercial printer market is one of the fastest-growing markets as a result of the increasing integration of commercial printers into office infrastructure and their adaptation in the printing industry. The global digitalization of numerous industries is another factor contributing to the growth of the commercial printer market. The demand for skilled printers has increased due to the popularity of digital printing, which boosts productivity.
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The commercial printer market refers to the market for printing equipment and services used by businesses and organizations for various purposes such as marketing materials, labels, packaging, and transactional documents. The market includes a wide range of printing technologies such as offset, digital, flexography, and gravure, as well as a variety of printing substrates and inks.
The commercial printer market is highly competitive and includes both large multinational corporations and smaller local printers. Major players in the market include HP, Canon, Xerox, Konica Minolta, and Ricoh, as well as a range of smaller players and startups. The market is also characterized by a growing number of print-on-demand and web-to-print services, which allow businesses to order custom printed materials online and have them produced and delivered quickly.
One of the key drivers of the commercial printer market is the continued demand for printed marketing materials such as brochures, flyers, and catalogs, despite the growth of digital marketing channels. Printed materials can be highly effective in reaching certain audiences and can provide a tactile and engaging experience that cannot be replicated by digital media.
The commercial printer market is also being influenced by advancements in digital printing technology. Digital printing allows for greater customization and personalization of printed materials, as well as faster turnaround times and lower costs for short runs. As digital printing technology continues to improve, it is expected to become an even more important part of the commercial printer market.
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Recent mergers and product launches:
- In order to provide heavy-duty printing, Honeywell International, a U.S.-based maker of commercial and consumer products, developed a new Professional Printer called the “PM42” in August 2016.
- In order to compete in the market for copy machines, American technology corporation HP Inc. announced in September 2016 that it would pay $1.05 billion to buy Samsung’s printer division.
Key players:
- Canon
- HP Inc
- Seiko Epson
- Brother Industries
- Kyocera
- Lexmark
- Fujitsu
- Ricoh
- Apple Inc
- Honeywell International
- Xerox
Key segments
By Technology:
- Professional Inkjet Printers
- Professional Laser Printers
By Product Type:
- Professional Desktop Printer
- Professional Commercial Printers
By Sales Channel:
- E-Commerce/Online
- Organized Retail Stores
- Unorganized Retail Stores
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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