The production printer market is registering a valuation of USD 8.24 billion in 2023 and is projected to reach USD 16.21 billion by 2033. The market is securing a CAGR of 7% during the forecast period.
How Does the Commercial Printing Sector Dominate the Global Market?
The commercial sector leads the global market by various factors, including:
- Scale and Volume: The commercial sector is rapidly growing by handling large printing operations, including brochures, printing books, magazines, and promotional materials. These printing works require huge production of printing and efficient quantity of prints.
- Diverse Printing Capabilities: The commercial printing sector handles various printing tasks in a wide range. It includes printing on different paper sizes, folding, cutting, and binding.
- Advanced Printing Technology: The commercial sector provides high-quality prints with the adoption of advanced technologies. The adoption of production printers is widely used for advanced printing, color accuracy, and special effects drive the global market.
- Efficient Workflow Management: Production printers offer efficient workflow management integrated with software solutions. These printers manage, prepare files, schedule, and maximize work efficiency.
- Service and Support: The commercial printing sector supports manufacturers in developing high-quality prints with better consumer services. The commercial sector offers technical assistance and repairs and minimizes time by increasing the adoption of production printers.
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Key Takeaways:
- The production printer market is predicted to register a CAGR of 7% with a valuation of USD 16.21 billion in 2033.
- In the historical period, the market secured a valuation of USD 5.49 billion in 2018.
- The United States is estimated to lead the global market by securing a CAGR of 5.8% by 2033.
- The United Kingdom is significantly growing its global market size by capturing a CAGR of 5.4% during the forecast period.
- With a share of 8.4%, China is anticipated to drive the global market during the forecast period.
How Key Players are Bringing Opportunities in the Global Market?
Key players play a vital role in the global market by investing in research and development activities to develop innovative products. These players are developing production printers by adopting advanced technologies, including cutting-edge technologies. This technology enhances print quality, reduces time, provides color accuracy, and more.
Key players are rapidly expanding their product portfolio as per consumers’ requirements. They offer various sizes, shapes, and feature production printers for several end-use industries, including commercial, manufacturing, and packaging.
These manufacturers target their relevant customers by developing improved and customized production printers. They are promoting their brands by advertising and launching new products and increasing sales volume.
The key players promote sustainability to reduce environmental impacts and reduce carbon emissions. These players are launching eco-friendly production printers to enhance energy efficiency and reduce waste. Overall, through marketing strategies, these players are upsurging the global market. Their marketing methodologies are mergers, collaborations, acquisitions, partnerships, product launches, and agreements.
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Essential Players in the Global Market are:
- Xerox Corporation
- Konica Minolta, Inc
- Kodak
- Durst Group
- RISO Kagaku Corporation
- MGI Digital Technology
- Bobst Group SA
- Canon Inc
- Koenig & Bauer AG
- Roland DG Corporation
- Inca Digital Printers Ltd
- SCREEN Holdings Co, Ltd
- Domino Printing Sciences plc
- Fujifilm Holdings Corporation
- Heidelberger Druckmaschinen AG
- Agfa-Gevaert Group
Recent Developments in the Global Market are:
- Ricoh Company Ltd offers a wide range of production printers in the global market. Recently, the company launched its products Ricoh Pro C and VC series. These products provide advanced high-quality printing to expand its business portfolio.
- Konica Minolta announced to development of its new series AccurioPress. This new product offers a high-speed, flexible, and color-accuracy series.
- Canon Inc launched its new product, imagePRESS. The company offers different printing needs with better printing solutions.
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Production Printer Market by Category
By Type:
- Monochrome
- Color
By Production Method:
- Cut Feed
- Continuous Feed
By Technology:
- Inkjet
- Toner
By Application:
- Commercial
- Publishing
- Labels and Package
- Others
By Region:
- North America
- Europe
- Latin America
- Asia Pacific
- The Middle East and Africa
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