The demand for industrial printers has improved in the last few years to assist in producing standardized, legible labels that enable the marketing of manufactured goods. Moreover, as production processes continue to change and grow, industrial printers are becoming more important across various sectors. Durable labeling for tracing items from manufacture to distribution in the present global market with intricately linked supply chains has made heavy-duty print equipment indispensable.
In 2024, the collective net value of industrial printers deployed globally is expected to reach US$ 15,697.8 million. Our comprehensive analysis of the global printer market suggests that the demand for thermal printers is set to experience a robust growth rate of 5.5% until 2034. According to the market report, the cumulative market value is projected to nearly double, reaching a substantial US$ 26,814.1 million by the conclusion of the forecast period. This expansion is indicative of the increasing reliance on advanced printing technologies across diverse industries, fueling the evolution and growth of the global industrial printer market.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-18290
“Developments in advanced printing technology for commercial use have transformed greatly after the advent of high-performance ink and color solutions. Emerging trends in customization of packaging wraps and personalization of product labels have also transformed the way factory printing machines operate,” – FMI analyst.
Business Growth Drivers:
- Advancements in Printing Technology: Continuous advancements in printing technology, such as inkjet, laser, and 3D printing, have significantly enhanced the capabilities and efficiency of industrial printers. These innovations have expanded the application scope across various industries.
- Increasing Demand for Packaging Solutions: The growing demand for packaging solutions across industries like food and beverage, pharmaceuticals, and consumer goods has propelled the need for industrial printers capable of high-quality printing on different substrates.
- Rising Adoption of RFID and Barcode Technologies: The increasing adoption of RFID and barcode technologies for inventory management, tracking, and logistics has driven the demand for industrial printers capable of producing high-resolution and durable labels and tags.
- Customization and Personalization Trends: There’s a growing trend towards customization and personalization in various industries, such as retail, healthcare, and manufacturing. Industrial printers enable businesses to meet these demands by offering flexible printing solutions.
- Expansion of E-commerce: The expansion of e-commerce has led to increased demand for shipping labels, packaging materials, and product labels, driving the adoption of industrial printers for on-demand printing.
- Industry 4.0 and IoT Integration: Integration of industrial printers with Industry 4.0 technologies and IoT (Internet of Things) enables remote monitoring, predictive maintenance, and enhanced productivity, driving their adoption in smart manufacturing environments.
- Government Regulations and Compliance Requirements: Stringent regulations related to product labeling, traceability, and product safety across industries such as pharmaceuticals, food, and automotive are driving the demand for industrial printers capable of meeting compliance requirements.
Industry Restraints:
- High Initial Investment: Industrial printers often require a significant initial investment, which can be a barrier for small and medium-sized enterprises (SMEs) looking to adopt these technologies.
- Maintenance Costs: Maintaining industrial printers, especially high-end models, can be expensive due to the need for specialized technicians and replacement parts, which may deter some businesses from investing in these technologies.
- Complexity in Integration and Operation: Industrial printers often require integration with existing systems and workflows, which can be complex and time-consuming. Additionally, operating these printers may require specialized training, leading to operational challenges for some businesses.
- Environmental Concerns: The environmental impact of industrial printing, including waste generation and energy consumption, is a growing concern. Businesses are facing pressure to adopt more sustainable printing practices, which may limit the growth of certain segments within the industrial printer market.
- Competition from Digital Alternatives: The rise of digital alternatives such as electronic documentation, digital signage, and online advertising poses a challenge to the growth of traditional industrial printing solutions, particularly in sectors like advertising and publishing.
- Supply Chain Disruptions: Disruptions in the global supply chain, as seen during events like the COVID-19 pandemic, can impact the availability of components and raw materials for industrial printers, leading to delays and increased costs for manufacturers and end-users.
- Security Concerns: With the increasing connectivity of industrial printers, security vulnerabilities such as cyber-attacks and data breaches pose a significant risk
Key Takeaways from the Global Industrial Printer Market Study Report
- The United States currently has many leading manufacturers of industrial printers and is poised to follow a 3.2% CAGR through 2034.
- European countries are witnessing a higher requirement for heavy-duty printing solutions, expected to drive the Germany market at 4.8% CAGR over the forecast years.
- China, with an extensive sector for manufacturing industrial equipment, is the leading market in Asia and could progress at 7% CAGR through 2034.
- India is currently emerging as the most lucrative market for industrial printers and is anticipated to witness a year-on-year growth rate of 7.95% till 2034.
Competitive Landscape for Industrial Printer Market Players
Though many regional players are catering to the regional demand for factory printing machines, some global leaders capture a sizable global market share. Moreover, the rapidly changing dynamics of the labeling and packaging sector with the advent of new printing technologies is anticipated to diversify the market further in the future.
Key Players Profiled in the Industrial Printer Market Report
- Quad or Graphics Inc.
- ACME Printing
- LSC Communications US LLC
- Cenveo Corporation
- Transcontinental Inc.
- Dai Nippon Printing Co. Ltd.
- RR Donnelley and Sons
- Bertelsmann S.E. and Co. KGaA
- Toppan Co. Ltd.
- Vistaprint NV
- Ennis Inc.
Recent Developments by the Industrial Printer Manufacturing Industries
In November 2022, Wipro Company, based in India, introduced the first model in its range of domestically made industrial-grade 3D printers. This improved product type includes dual filtration and a magnetic print bed to result in high-quality 3D prints. In addition to this, the automatic platform leveling and a self-cleaning nozzle have been integrated to guarantee user safety and reduce working time.
The NXE 200 industrial 3D printer, an inexpensive introduction to Lubricant Sublayer Photo-curing (LSPc) technology, was unveiled by Nexa3D in April 2022. This maker of ultrafast 3D printers introduced the NXE 400 industrial 3D printer and the NXD 200 dental 3D printer in its Nexa3D portfolio, now included to increase LSPc’s accessibility. Providing 6.5 times the speed of rival resin 3D printing methods can be a useful tool for designers, engineers, and manufacturers that want scalable, accurate, and quick prototype and manufacturing solutions.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/18290
Key Segmentations:
By Product Type:
- Offset Lithography Printer
- Inkjet Printer
- Flexographic Printer
- Screen Printer
- Gravure Printer
- Other Types of Printers
By End Use Application:
- Packaging
- Advertising
- Publishing
- Other Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
