It is anticipated that the global commercial printer market is worth USD 789.5 Million in 2022. The commercial printer market is expected to expand at a sluggish CAGR of 2.3% and reach USD 987.9 Million by 2032.
Due to the rising integration of commercial printers into office infrastructure and their adaptation in the printing sector, the commercial printer market is one of the most rapidly growing markets. Additionally, the commercial printer market expansion is attributed to the global digitalization of numerous industries. The popularity of digital printing has boosted the need for expert printers, which increases productivity.
| Report Attribute | Details |
|---|---|
| Commercial Printer Value (2022) | USD 789.5 Million |
| Commercial Printer Market Anticipated Value (2032) | USD 987.9 Million |
| Commercial Printer Market Projected Growth Rate (2022 to 2032) | 2.3% |
The commercial printer market share is being driven by investments in automation and technology, high-resolution printing, improved print clarity and smoothness, and highly effective colored printers. Historically, the commercial printer market had a CAGR of 1.9% (2016 to 2021). Due to the availability of substitute printers, conventional printing methods, wet prints, use of high voltage, and high operating costs, the market is still growing slowly and steadily.
For commercial printers, the ongoing digital transformation-specifically, electronic displacement-has posed new difficulties. New commercial printers market trends like digital communications, marketing benefit from the widespread use of the internet, and the capacity to monitor user behavior are benefiting the market.
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The investment in technology and automation, high-resolution printing, improved clarity, and smoothness of prints, boost the demand for commercial printers. Moreover, technological proliferation and increasing applications across various end-use segments are expected to cause a plunge in printing costs.
The main drivers of the commercial printer market growth are the expanding need for advertising in businesses throughout the globe and rapid technological development. Commercial printers are being used by businesses more frequently since they are more economical and effective for printing in mass. It is also anticipated that green commercial printers, which support waste reduction and reuse by employing eco-friendly paper, inks, coatings, and chemicals, fuel the commercial printer market expansion.
Small businesses are able to outperform the competition and provide superior local services in a certain product category. The industry profitability for manufacturers and service providers is being hampered by declining sales and falling unit selling prices. To be competitive and hold steady market shares, many businesses need large initial investments. Digital media are replacing print media more and more. Commercial printing has decreased as a result of decreased consumer spending and advertising budgets worldwide.
In addition, these businesses require large upfront expenditures to sustain their competitiveness and stable commercial printer market shares. Growing ePaper adoption, global financial instability, and macroeconomic conditions, including fluctuating currency exchange rates and economic hardships, are some of the primary obstacles facing the commercial printer market.
Due to increasing adoption in various organizations, North America is anticipated to hold the greatest market share of 21% for the commercial printer industry through 2032. Early adopters of technology, like the United States and Canada, are thought to have a positive effect on the North American regional economy.
Effective sales operations are closely related to a company's profitability. Huge businesses gain an edge as they can serve large consumers with the local or national demand for a commercial printer. Buying resources like ink and paper more cheaply and using expensive printing machinery more effectively offers higher potential in the market.
With a market share of 26%, Europe has the fastest-growing market for commercial printers. This is due to commercial printers being more adaptable and responsive. To build a sustainable environment, European nations have mostly concentrated on developing eco-friendly products and procedures. As a result, these nations promote the use of energy-efficient printing techniques.
With the environment changing, startups are now focused on zero-waste solutions. There are numerous opportunities in the commercial printer market due to the requirement to produce unique and innovative products with the intention of high-sales printing.
An online marketplace called Printee, founded in 2020 serves as a link between buyers and sellers, as well as printing and delivery businesses. The marketplace also facilitates the production of personalized and distinctive tees and goods by connecting artists, brands, creatives, and companies.
The Pager technology is a zero-waste method that prints books, posters, and pamphlets from unused portions of the paper.
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Key participants have launched new products to improve the sales of commercial printers. Additionally, the market players are concentrating on increasing investment to bring the best technology and have a competitive advantage.
Recent mergers and product launches:
Key players:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.3% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Technology, Sales Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; The Asia Pacific excluding Japan; Japan; The Middle East and Africa |
| Key Countries Profiled | The USA, Canada, Brazil, Argentina, Germany, The UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
| Key Companies Profiled | Canon; HP Inc; Seiko Epson; Brother Industries; Kyocera; Lexmark; Fujitsu; Ricoh; Apple Inc; Honeywell International; Xerox; Lexmark; PrinterOn; Epson Zebra Technologies |
| Customization | Available Upon Request |
The commercial printer market is projected to have a CAGR of 2.3% through 2032.
North America dominates the commercial printer market with a share of 21%.
The commercial printer market is expected to reach USD 987.9 Million by 2032.
| Market Value (2022) | USD 10,522 Million |
|---|---|
| Market Projected Value (2032) | USD 21,909 Million |
| Market CAGR (2022 to 2032) | 7.6% |
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