Production Printer Market Competitive Analysis By Type (Monochrome, Color), By Application (Transactional, Commercial, Publishing, Label & Packaging, Others) and Regional Forecast to 2032

Updated On: 04 November 2024

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PRODUCTION PRINTER MARKET REPORT OVERVIEW

The global production printer market size was USD 5.53 billion in 2023 and is expected to reach USD 7.74 billion by 2032, exhibiting a CAGR of 3.1% during the forecast period from 2024 to 2032.

High-speed machines known as production printers are employed for printing large quantities of books, packaging, marketing materials, and transactional documents. Because of their efficiency and speed, these printers are essential in industries that need high volumes of production. The market for production printers is fueled by the growing need in commercial and industrial applications for high-quality, quick, and affordable printing solutions.

The demand for color printing across a range of industries and technological developments have propelled the production printer market's recent steady expansion. As more industries use production printers for their high-volume printing requirements, the market is anticipated to maintain its current growth trajectory.

COVID-19 Impact: Market Growth Restrained due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the production printer market growth experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Market expansion was impacted by the pandemic's effects on supply chains, manufacturing halts, and decreased operational capacity. But as markets recovered and companies adjusted to their new, regular routines, economies started to revive. The gradual return to pre-pandemic operational levels and the increase in demand are what are responsible for the growth indicated by the rising CAGR.

LATEST TRENDS

"Integration of Advanced Technologies in Production Printers"

Two cutting-edge technologies that are increasingly being adopted while developing production printers are artificial intelligence and machine learning, through which the production printer market share has expanded dramatically. Production printers powered by AI can optimise print quality and cut waste, satisfying the changing needs of different applications.

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PRODUCTION PRINTER MARKET SEGMENTATION

By Type

• Monochrome: Monochrome printers are production printers that print quickly in black and white. In fields where color printing is not required, such as financial institutions and law firms, these printers are commonly found.
• Color: Color production printers are in high demand in both home and commercial settings, as there is an increased need for high-quality colored prints which are produced using inkjet printers. The high-resolution materials which are printed can be used for a large variety of purposes, which can be either for home use, advertising, packaging or even large scale publishing.

By Application

• Transactional: Transactional documentation such as invoices, bills, and transaction statements are printed using these printers in industries that need to print such documents in large quantities on a daily basis.
• Commercial: Commercial product printers are used by various industries in order to print marketing materials which are of good quality and can accommodate various sizes of collateral such as brochures, flyers or any other type of promotional content.
• Publishing: High-volume book and magazine production is done by publishing printers. The need for effective and superior publishing printers has surged due to the rise in self-publishing and digital content consumption.
• Label & Packaging: This sector is responsible for producing labels and packaging materials. The increase in online shopping and brand requirement for bespoke packaging has called for more flexible printing responses that can be provided quickly.
• Others: Production printers are produced to serve specialised needs depending on infrastructure requirements for enormous production units such as signage or textile printing.

DRIVING FACTORS

"Increased Demand for Color Printing affecting Market Growth"

Growth in the production printer market is fueled by rising demand for color printing across a wide range of applications ranging from publishing, packaging to significantly increase the product offerings of key market players. In the competitive market environment, color printing assists businesses and adds value to what businesses need in terms of generating visual interest to encourage customer engagement and thereby generate sales.

"Increase in Adoption of Technological Advancements for Printer Manufacturing"

Recent advances in printing technologies, such as the emergence of high-speed and high-resolution printers with digital technology incorporated into them by using AI and ML powered tools have helped in expanding production printer applications. By taking advantage of the technological innovations used by products such as enhanced inkjet technology, production printers can intelligently evolve to better serve a wider range of industries as well as customers.

RESTRAINING FACTORS

"High Initial Investment causing Companies to be Deterred while Making Purchasing Decisions"

Large capital costs for purchasing printing equipment such as high-grade production printers can become a deterrent for SMEs, which affects the global market growth in a negative way. High cost factors surrounding ownership and servicing of more advanced production printer varieties is another restraint for some companies in adopting this technology, which may curtail growth across worldwide markets.

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PRODUCTION PRINTER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.

"North America to Dominate the Market because of Strong Industry"

North America is a dominant region in the production printer market, driven by the high adoption rate of advanced printing technologies in the United States and Canada. The presence of major players and a strong industrial base in this region contribute to its leading position. The demand for production printers in North America is supported by a robust commercial and publishing sector, making it a key market for growth.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Research and Development"

The production printer market is being heavily influenced by major industry players who are increasing their product offerings by focusing on technological innovations through investments on research and development efforts. This trend is taking centre stage in order to improve the overall performance and capabilities of printers and related products, so that changing client needs can be tackled efficiently.

List of Market Players Profiled

• Xerox (North America)
• Hewlett-Packard (North America)
• Ricoh Company (Japan)
• Canon (Japan)
• Konica Minolta (Japan)
• Agfa-Gevaert (Europe)
• Eastman Kodak (North America)
• EFI Electronics (North America)
• Inca Digital Printers (Europe)
• Miyakoshi (Japan)

INDUSTRIAL DEVELOPMENT

March, 2024: A high-speed production printer model which boasts advanced features such as enhanced color accuracy and increased printing speed was launched in 2024 by Canon. The goal of this new development in the market by introducing a new line of printer models is to meet the increasing need for publishing and commercial applications, specifically sectors which use high-quality color printing.

REPORT COVERAGE

The report provides a thorough analysis of the global production printer market growth, including an in-depth discussion on important parameters such as market size, segmentation on the basis of type and application, regional market projections as well as a competitive analysis of world market players. The recent technological developments, advancements in the field in terms of market expansion and strategic initiatives taken up by key industry players to ensure their dominant position are also discussed, along with how these activities affect and influence the world’s market dynamics.

The factors which are motivating and inhibiting variables for the dynamic market are also looked at, in order to summarise how significant industry participants should plan their operations for the forecast period. The main purpose of the analysis is to help stakeholders and other concerned parties in comprehending recent market trends versus future projections, so that they are able to make wise business decisions in regards to the production printer market.