Commercial printer sales are anticipated to reach US$ 789.5 million in 2022. The commercial printer market is predicted to reach US$ 987.9 million in 2032 after expanding at a sluggish CAGR of 2.3%.
Due to the increasing integration of commercial printers into office infrastructure and their adaption in the printing sector, the commercial printer market is one of the industries with the quickest growth. Another element influencing the expansion of the commercial printer market is the global digitization of several sectors. The popularity of digital printing, which increases productivity, has boosted the demand for experienced printers.
The market for printing supplies and services used by companies and organizations to produce transactional papers, labels, and marketing materials is referred to as the commercial printer market. The market offers a large selection of printing substrates and inks, as well as printing processes like offset, digital, flexography, and gravure.
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Both major international firms and smaller regional printers compete fiercely in the commercial printing sector. Along with a number of other smaller firms and startups, the market is dominated by companies like HP, Canon, Xerox, Konica Minolta, and Ricoh. An increasing number of print-on-demand and web-to-print services are another aspect of the market that allows companies to request customized printed goods online and have them produced and delivered.
Despite the expansion of digital marketing channels, the demand for printed marketing materials like brochures, flyers, and catalogs remains one of the major factors driving the commercial printer industry. Reaching certain audiences with printed materials can be quite successful because they offer a physical and interesting experience that digital media cannot match.
Advances in digital printing technology are also having an impact on the commercial printer market. Greater customization and customization of printed products are made possible by digital printing, which also offers quicker turnaround times and more affordable short-run prices. It is anticipated that as digital printing technology advances, it will play a bigger role in the market for commercial printers.
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
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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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