Sales of inkjet printers in Korea are expected to be worth USD 1.5 billion in 2023. The adoption of inkjet printers in Korea is projected to expand at an average 5.9% CAGR between 2023 and 2033. Small eCommerce businesses play a crucial role in driving inkjet printer adoption in Korea for in-house label printing and packaging materials.
Korea's expanding small and medium-sized enterprise (SME) sector drives the demand for cost-effective and versatile printing solutions. Demand for inkjet printers in Korea is poised to increase significantly, with sales surpassing USD 2.6 billion by 2033.
| Attributes | Details |
|---|---|
| Industry size for Korea in 2023 | USD 1.5 billion |
| Expected Industry Size for Korea in 2033 | USD 2.6 billion |
| Forecasted CAGR between 2023 to 2033 | 5.9% |
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Continuous Inkjet technology is driving the sales of inkjet printers in Korea, primarily due to its increasing adoption in the industrial sector. As of 2023, it commands an impressive industry share of 52.1%.
| Demand for Inkjet Printers in Korea Based on Technology Type | Continuous Inkjet |
|---|---|
| Industry Share in 2023 | 52.1% |
Continuous Inkjet printers are favored for their versatility and reliability, making them the technology of choice for applications in manufacturing, packaging, and coding. Their ability to print on various surfaces, including metals, plastics, and glass, positions them as essential tools for Korean industries. The convenience and cost-efficiency of Continuous Inkjet technology have led to its widespread adoption and continue to stimulate demand.
When it comes to substrates, traditional printing on paper maintains its dominance in inkjet printer adoption in Korea, claiming a share of 67.7% in 2023. This enduring preference for paper-based printing is driven by its wide-ranging applications, including document printing, marketing collateral, educational materials, and more.
| Demand for Inkjet Printers in Korea Based on Substrate | Paper |
|---|---|
| Industry Share in 2023 | 67.7% |
Consumers and businesses in the country continue to rely on paper as a familiar and versatile medium for their printing needs. The enduring popularity of paper substrates reinforces its prominent role in the local inkjet printer industry.
Established multinational inkjet printer brands like Hewlett-Packard, Fujifilm, and Canon have solidified their dominance in Korea. However, local brands such as Sindoh Co., Unijet, and Gosan Tech are ready for the competition and have earned reputable names in the country.
The vendors of inkjet printers are focused on introducing new products to consumers in the country. These latest offerings push the boundaries of what printers can accomplish. The constant release of new products also sustains the momentum of inkjet printer adoption in Korea.
Recent Developments Observed in Inkjet Printers in Korea
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 1.5 billion |
| Projected Industry Size in 2033 | USD 2.6 billion |
| Anticipated CAGR between 2023 to 2033 | 5.9% CAGR |
| Historical Analysis of Demand for Inkjet Printers in Korea | 2018 to 2022 |
| Demand Forecast for Inkjet Printers in Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Key Insights for Inkjet Printers in Korea, Insights on Leading Players and their Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
| Key Companies Profiled | HP Inc.; Canon Inc.; Seiko Epson Corporation; Domino Printing Sciences plc; Brother Industries Ltd.; Hitachi Industrial Equipment Systems Co., Ltd.; Inkjet Inc.; Xerox Corporation; Videojet Technologies, Inc.; Markem-Imaje Corporation; Lexmark International, Inc.; Sindoh Co.; Unijet; Gosan Tech; Top Engineering |
| Key Cities Profiled | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
The industry size of inkjet printers is estimated to be USD 1.5 billion in 2023.
Inkjet printers are forecasted to grow at a rate of 5.9% in Korea.
Technological advancements and providing multiple products are two strategies inkjet printer providers use to drive sales in Korea.
Continuous inkjet is the preferred technology type in Korean inkjet printers.
Paper is the most commonly used substrate in Korean inkjet printers.
| Estimated Size, 2025 | USD 7.8 billion |
| Projected Size, 2035 | USD 12.1 billion |
| Value-based CAGR (2025 to 2035) | 4.5% |
| Market Estimated Size (2023E) | USD 1.8 billion |
|---|---|
| Projected Market Valuation (2033F) | USD 3.9 billion |
| Value-based CAGR (2023 to 2033) | 7.7% |
| Market Estimated Size (2023E) | USD 338.4 million |
|---|---|
| Projected Market Valuation (2033F) | USD 632.8 million |
| Value-based CAGR (2023 to 2033) | - 6.1% |
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Inkjet Printer Industry Analysis in Korea
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