Production Printer Market

Production Printer Market Outlook (2023 to 2033)

The production printer market is capturing a valuation of USD 8.24 billion in 2023 and is predicted to reach USD 16.21 billion by 2033. The market is registering a CAGR of 7% during the forecast period.

Several factors influence the global market, including:

• Increasing Demand for High-quality and Printing: Various end-use industries such as packaging, marketing materials, and promotional goods are surging the demand for high-quality and superior-quality printing production printers.
• Advanced Printing Technology: The rising popularity of advanced printing, such as inkjet and digital printing, is fueling the global market. These advanced innovations offer fast, accurate, and variable data printing.
• Growing Online Printing Services: The rapidly growing e-commerce and other online printing services propel the demand for production printers. These online platforms offer reliable and efficient printing to their customers.
• Customization and Personalization Trends: Consumers rising demand for customized products are advancing the global market. The production printers offer unique, variable data printing and tailored content.
• Flexible and Cost-effective Production Solutions: Production printer provides cost-effective and on-demand printing. This process reduces setup time, and traditional printing and inventory costs are booming the global market.
• Eco-friendly Printing: Consumers are more concerned about the environmental impacts. The increasing demand for sustainability printing inks is popularly driving the global market by reducing carbon footprints.

High Investment and Operating Costs Decline the Market Growth

Several restraining factors may cause a decline in the global market are:

• High Investment Costs: The rising costs of production printers with advanced equipped technologies are decline the global market. It is expensive for small and medium-sized businesses to afford these printers, which may restrain the global market.
• Operating Costs: Apart from investment costs, the rising operating costs and consumables, including toners, inks, and maintenance costs, limit the global market.
• Competition from Digital Alternatives: The growing digital platform is affecting the demand for production printers. Almost all businesses rely on digital advertising, electronic communication, and online content.
• Limited Scalability: A few production printers offer limited scalability with large paper sizes, and higher printing volumes are declining in the global market.
• Environmental Concerns: The adoption of hazardous chemicals in printing inks and toners are declining the demand for production printer. Consumers and businesses are rising awareness towards sustainability to reduce carbon emissions may decline the global market.

Attributes	Details
Market CAGR (2023 to 2033)	7%
Market Valuation (2023)	USD 8.24 billion
Market Valuation (2033)	USD 16.21 billion

Production Printer Market, 2018 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook

The market was valued at USD 5.49 billion in 2018 and estimated at USD 7.7 billion in 2022. The global market experienced steady growth by increasing demand for cost-effective, reliable, fast, and accurate printing. The increasing demand for customized and large printing volumes upsurges the market between 2018 and 2022.

Companies and businesses such as publishing, commercial printing, newspaper, and packaging industries are rapidly growing the demand for production printers. These industries do their daily routines by adopting these printers to enhance productivity and deliver printing material faster.

The growing advanced technologies such as inkjet and laser systems drive the global market during the forecast period. These advanced technologies improve print quality, the ability to handle print media, and faster speed.

Top Segments in the Global Market are

Which Category Dominates in the Production Method?

Based on the production method, continuous feed dominates the global market by capturing a share of 6.8% during the forecast period. The increasing demand for effective, high-quality, high-speed printing is increasing the adoption of continuous feed. Key details about the capabilities of continuous feed printers that are driving the global market are:

• Printing Method: The continuous feed printer is widely used for paper and other printing materials that allow large printing volumes, such as newspapers and magazines.
• High Speed: The demand for continuous feed printers is rising due to their high-speed printing. It offers thousands of printing pages per minute and expands the printing media jobs, including high-volume transnational printing.
• Inline Fishing Products: Several continuous feed printers provide binding, cutting, stamping, and folding options. It eliminates post-processing steps and enhances productivity.

These are a few key capabilities driving the global market by increasing the adoption of production printers. This segment registered a CAGR of 4.5% between 2018 and 2022.

Inkjet Technology is Highly Preferred in the Global Market

Based on technology, the inkjet segment dominates the global market by capturing a CAGR of 6.6% during the forecast period. The popularity of inkjet technology is leading the global market for several reasons, including:

• Versatility: The demand for inkjet printers provides versatility in media compatibility. This printer offers print-on papers, including specialty, pain, and coated papers. The inkjet technology suits other printings such as packaging, textiles, and label materials.
• High-quality: The inkjet printers provide high-quality prints with vibrant color and sharp text. This technology improves ink formulations and enhances color accuracy.
• Advanced Printhead Technology: Rising improvements in printhead technology increase the adoption of inkjet printers. These printheads improve print quality through smaller nozzles, higher nozzle density, and fast printing speeds.

These are a few reasons behind the rising demand for inkjet technology during the forecast period fueling the global market.

Top Countries that Drive the Global Market are

Rising Technology Innovations Upsurge the United States Market

Country	United States
Market Size (USD billion) by End of Forecast Period (2033)	USD 2.2 billion
CAGR % 2023 to End of Forecast (2033)	5.8%
CAGR % 2017 to 2022	1.6%

The United States is estimated to secure a CAGR of 5.8% with a valuation of USD 2.2 billion during the forecast period. Several factors drive the United States are:

• Market Presence: The United States is a prominent nation with a strong global presence. The essential manufacturers in the United States are Canon USA, Xerox, HP Inc, and others. These companies offer advanced technology production printers to expand the market in the country.
• Technological Innovations: The growing innovations in the United States-based companies drive market growth. The rising popularity of digital and high-speed inkjet is surging the market in the country.
• Market Competition: The United States market is highly competitive with various international players such as Germany, Japan, and China. These are significantly upsurging the market by collecting huge revenue.

The growing preference for production printers due to advanced technologies, consumer requirements, and industry verticals is fueling the United States market.

Performance of the United Kingdom Market

Country	United Kingdom
Market Size (USD billion) by End of Forecast Period (2033)	USD 0.387 billion
CAGR % 2023 to End of Forecast (2033)	5.4%
CAGR % 2017 to 2022	0.3%

The United Kingdom is estimated to capture a CAGR of 5.4% with a valuation of USD 0.387 billion during the forecast period. Several factors drive the United Kingdom are:

• Presence Key Players: The United Kingdom is estimated to upsurge the global market by several key players, including Ricoh, Xerox United Kingdom, and HP United Kingdom. They are contributing a huge revenue in the market by adopting advanced printing technologies.
• Strong Graphic and Printing Sector: The increasing demand for production printers among end users drives the United Kingdom market. Increasing demand for book publishing, large-format printing, and packaging is increasing the adoption of production printers in the country.
• Sustainability: Manufacturers in the United Kingdom are focused on eco-friendly printing to reduce carbon emissions and promote sustainability. Several companies offer sustainable and recycled materials with energy-efficient technology driving the global market.

The United Kingdom captured a CAGR of 0.3% between 2018 and 2022.

Increasing Demand for Production Printer Propel China Market

Country	China
Market Size (USD billion) by End of Forecast Period (2033)	USD 3.9 billion
CAGR % 2023 to End of Forecast (2033)	8.4%
CAGR % 2017 to 2022	6.6%

China is securing a CAGR of 8.4% with a valuation of USD 3.9 billion during the forecast period. Several factors drive China are:

• Economic and Industrial Growth: China is rapidly growing the global market by increasing industrialization and economic growth with the efficient need for high-volume printing solutions. The country's growing textile, manufacturing, packaging, and electronic industries are driving China's market.
• Expanding Printing Sector: China significantly thriving printing sector, including packaging manufacturers, commercial printers, and publisher, are increasing the adoption of production printer. The demand for production printers growing for printing labels, books, newspapers, and packaging is propelling China market.
• Focus on Digital Printing: Adopting digital printing enhances productivity, reduces time, and is capable of variable data printing. The popularity of high-speed inkjet printers and digital presses surges the global market.
• Government Support: The Chinese government promotes innovative technology printing by investing a lot in research and development activities. China initiatives campaigns such as Made in China 2025 to promote digital printing and boost the market.

How can Manufacturers Expand the Global Market?

Manufacturers are adopting several marketing tactics, including:

• Product Innovation: Manufacturers are developing new and improved products in the global market by investing in research and development activities. They improve color accuracy, speed, and cost-effective solutions in production printers. These features attract consumers and are expanding the global market.
• Affordable Price: Manufacturers customize their range of products at various prices. They are developing cost-effective and affordable production printers for various end-use industries, such as manufacturing and packaging.
• Consumer Awareness: The manufacturers are investing in marketing and educating their consumers about products' benefits and other details. They organize events and workshops to inform about their brand to reach more consumers and build trust.

Competitive Landscape

The market is highly competitive by the essential players who play a key role in upsurging the global market. These players invest a lot in research activities to innovate new products.

The key players are adopting various marketing tactics & methodologies to uplift the global market. These marketing tactics are mergers, acquisitions, collaborations, product launches, partnerships, and agreements.

Other 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:

• HP Inc announced its newly launched production printer series, HP Indigo, and HP PageWide. These printers are focused on speed, print quality, and efficiency.
• Xerox Corporation launched its new product Xerox Versant series. It offers a sustainable environment due to its high-quality printing technology.

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD billion for Value
Key Countries Covered	United States, United Kingdom, Japan, India, China, Australia, Germany
Key Segments Covered	Type, Production Method, Technology, Application, Region
Key Companies Profiled	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
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

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

Frequently Asked Questions

What Restraints the Growth Potential of the Market?

Increasing costs of tech-equipped production printers restrain the market.

What Drives Sales of this Market?

Surging e-commerce and online printing drive production printer demand.

Which Category Dominates in the Production Method?

Continuous feed dominates the market capturing a share of 6.8% from 2023 to 2033.

Which Technology is Highly Preferred in the Market?

Inkjet technology is highly preferred with a CAGR of 6.6% from 2023 to 2033.

What is the growth rate of the United States through 2033?

The United States will rise at a CAGR of 5.8% from 2023 to 2033.