by According to Precedence Research, The inkjet printers market size garnered US$ 41.2 billion in 2021 and is expected to generate US$ 67.77 billion by 2030, manifesting a CAGR of 5.1% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The inkjet printers market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
Inkjet printer is a type of printer that redevelops the digital image by propelling the ink droplets over the paper and plastic substrates and this market is expected to grow with a CAGR of 5.1% during the forecast period.
Inkjet printing technology is prints on the paper, plastic substrates and others simply by ejecting tiny droplets of ink onto its surface without actually touching it. The inkjet printer possesses some beneficial features such as provision of higher quality output, reduction of manufacturing costs, faster prototyping, conversion of processes from analogue to digital and the implementation of just-in-time manufacture. Because of which the industrial end user segment contributed a significant share of more than 25% by revenue share in 2020.
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Crucial factors accountable for market growth are:
- The significant growth in packaging industry amounting for more than 55% of revenue share in 2020 which is estimated to fuel the market growth of inkjet printers.
- The surge in advertising industry boosts the market growth.
- The rise in utility of inkjet printers in various industry verticals such as packaging, education, advertisement, textile and pharmaceutical.
- The high operational speed of the inkjet printers fosters the demand in the market.
Inkjet Printers Market Report Highlights
- The multifunctional printer segment accounted for more than 25% revenue share in 2020.
- The industrial segment of the Inkjet Printers Market is estimated to lead the market with a market share of more than 25% in 2021.
- By Geography, North America is expected to lead the market contributing more than 30.1% revenue share in 2021 owing the growth of pharmaceutical industry in this region and also by the presence of major market players.
Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the major players in the global inkjet printers market include:
Videojet Technologies, Inc., Xerox Corporation, Pannier Corporation, Canon Singapore Pvt. Ltd., HP Development Company, L.P., Brother Industries, Ltd., KEYENCE CORPORATION, Konica Minolta, Inc. and Seiko Epson Corporation.
Inkjet Printers Market Dynamics
Driver – The increasing penetration of inkjet printers in developing nations coupled with rapid digitalization is expected to be the key driving factors for the market growth. For instance, Canon Inc, on 5th August 2021, announced the evolution of the new imagePROGRAF TZ-5300 series and next generation imagePROGRAF TX-5310 series large format printers. The new TZ range offers High Speed, Productivity and Seamless Workflow Management. This development in the inkjet printers is anticipated to fuel the growth of the inkjet printer market.
Restraint – The major restraining factor that will negatively impact the growth of the Inkjet Printers Market includes the health hazards that are caused upon exposure to the chemicals used for printing and the environmental hazards when the printing wastes are not handled in a proper manner.
Opportunity – Hybrid printing using the inkjet printers is one of the latest printing technologies that is expected to find huge opportunities in the upcoming years as it offers more work to be done in a shorter duration of time and it is cost effective.
Challenges – The continuous exposure to the printing chemicals causes various health hazards and it needs to be handled with proper safety provisions. This factor will be a major challenge encountered by the inkjet printer market.
Crucial factors accountable for market growth are:
- The significant growth in packaging industry amounting for more than 55% of revenue share in 2020 which is estimated to fuel the market growth of inkjet printers.
- The surge in advertising industry boosts the market growth.
- The rise in utility of inkjet printers in various industry verticals such as packaging, education, advertisement, textile and pharmaceutical.
- The high operational speed of the inkjet printers fosters the demand in the market.
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Segments Covered in the Report
By Type
- MultifunctionalPrinters
- DesktopPrinters
- Large FormatPrinters
- Inkjet PressPrinters
- IndustrialPrinters
- TextilePrinters
- Others
By Technology
- Continuous Inkjet
- Drop on Demand
- UV Inkjet
- Others
By End-user
- Consumer
- Education
- Industrial
- Textile
- Pharmaceutical
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Research Objective
- To provide a comprehensive analysis of the inkjet printers industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global inkjet printers market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the inkjet printers
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Inkjet Printers Market
5.1. COVID-19 Landscape: Inkjet Printers Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Inkjet Printers Market, By Product
8.1. Inkjet Printers Market, by Product Type, 2021-2030
8.1.1. Multifunctional Printers
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Desktop Printers
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Large Format Printers
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Inkjet Press Printers
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Industrial Printers
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Textile Printers
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Inkjet Printers Market, By End-user
9.1. Inkjet Printers Market, by End-user, 2021-2030
9.1.1. Consumer
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Education
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Industrial
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Textile
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Pharmaceutical
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Inkjet Printers Market, By Technology
10.1. Inkjet Printers Market, by Technology, 2021-2030
10.1.1. Continuous Inkjet
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Drop on Demand
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. UV Inkjet
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Inkjet Printers Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by End-user (2019-2030)
11.1.3. Market Revenue and Forecast, by Technology (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.4.2. Market Revenue and Forecast, by End-user (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Technology (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by End-user (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Technology (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by End-user (2019-2030)
11.2.3. Market Revenue and Forecast, by Technology (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.4.2. Market Revenue and Forecast, by End-user (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Technology (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by End-user (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Technology (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by End-user (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Technology (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by End-user (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Technology (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by End-user (2019-2030)
11.3.3. Market Revenue and Forecast, by Technology (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.4.2. Market Revenue and Forecast, by End-user (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Technology (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by End-user (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Technology (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by End-user (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Technology (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by End-user (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Technology (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by End-user (2019-2030)
11.4.3. Market Revenue and Forecast, by Technology (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.4.2. Market Revenue and Forecast, by End-user (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Technology (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by End-user (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Technology (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by End-user (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Technology (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by End-user (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Technology (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by End-user (2019-2030)
11.5.3. Market Revenue and Forecast, by Technology (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.4.2. Market Revenue and Forecast, by End-user (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Technology (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by End-user (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Technology (2019-2030)
Chapter 12. Company Profiles
12.1. Videojet Technologies, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Xerox Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Pannier Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Canon Singapore Pvt. Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. HP Development Company, L.P.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Brother Industries, Ltd.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. KEYENCE CORPORATION
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Konica Minolta, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Seiko Epson Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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