Global Inkjet Printers Market Size To Exceed USD 73.42 Billion By 2033 | CAGR of 6.2%
Category: Semiconductors & ElectronicsGlobal Inkjet Printers Market Size To Exceed USD 73.42 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Inkjet Printers Market Size Expected to Grow from USD 40.25 Billion in 2023 to USD 73.42 Billion by 2033, at a CAGR of 6.2% during the forecast period 2023-2033.
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Browse key industry insights spread across 218 pages with 110 Market data tables and figures & charts from the report on the "Global Inkjet Printers Market Size, Share, and COVID-19 Impact Analysis, By Type (Multifunctional Printers, Desktop Printers, Large Format Printers, Inkjet Press, Industrial Inkjet Printers, Textile Printers, and Others), By Technology (Continuous Inkjet, Drop on Demand, UV Inkjet, and Others), By End Use (Consumer, Education, Industrial, Textile, Pharmaceutical, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/inkjet-printers-market
Inkjet printers are a non-contact printer that prints digital images by ejecting ink droplets through nozzles onto paper or plastic surfaces. Inkjet printers are relatively cheaper to purchase than laser printers, which is why they have become a favorite among consumers and businesses with small budgets. The newer inkjet models, like the Epson EcoTank and Canon MegaTank, with refillable ink tanks, further drive product sales because of the reduced cost per page they offer. The packaging sector is growing rapidly across the globe, mainly because convenience-based packaging has become in high demand in the case of e-commerce transportation and shipment, food and beverage, personal care, domestic care, and healthcare industries. Consequent to this growth, there is a huge requirement for inkjet printers for packaging, which has been one of the major factors driving the market. The market of inkjet printers still faces a big hurdle since it requires constant innovation to gain relevance in the fast-changing technological landscape. This affects most of the environmental concerns such as ink disposal and energy consumption.
The multifunctional printers segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.
On the basis of type, the global inkjet printers market is classified into multifunctional printers, desktop printers, large format printers, inkjet press, industrial inkjet printers, textile printers, and others. Among these, the multifunctional printers segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. A multifunctional printer also referred to as an all-in-one printer, is something that integrates various functions, like printing, scanning, and copying, into one device. This automatically results in several advantages like less space for usage, cost savings, productivity gains, and a more streamlined workflow.
The continuous inkjet segment accounted for a highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of technology, the global inkjet printers market is classified into continuous inkjet, drop on demand, UV inkjet, and others. Among these, the continuous inkjet segment accounted for a highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth in segment is driven because they are well-suited for the real-time printing of variable data, including batch numbers, dates, barcodes, and logos, directly onto products or packaging as they move through production lines. The lack of physical contact with the printing surface, a notable feature of this technology, further helps eliminate wear and tear on the printhead and reduces the risk of damage to delicate or irregular surfaces.
The consumer segment accounted for the largest share in 2023 and is expected to grow at the substantial CAGR during the forecast period.
On the basis of end-use, the global inkjet printers market is classified into consumer, education, industrial, textile, pharmaceutical, and others. Among these, the consumer segment accounted for the largest market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The segment growth can be attributed to the affordability and wide availability of printers, enabled by rising consumer demand and increasing competition among leading brands, have led to several positive advancements in the market.
North America is anticipated to hold the largest share of the global inkjet printers market during the forecast period.
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North America is anticipated to hold the largest share of the global inkjet printers market during the forecast period. Regional growth can be attributed to the fact that there is a large number of business establishments using printing solutions and the technological advancement in the industry. The rapid expansion of the e-commerce industry in the region has underlined the need for high-resolution printing, which can be achieved with the use of these printers.
Asia Pacific is expected to grow at the fastest CAGR in the global inkjet printers market during the forecast period. The primary drivers for regional growth are low-cost labor and low manufacturing costs. Easy availability of raw materials for inkjet printer production is also another boost to gain a stage for inkjet market growth in the region.
Major vendors in the global inkjet printers market are Videojet Technologies Inc., Pannier Corporation, Canon Inc., HP Development Company, L.P., Xerox Corporation, Brother Industries, Ltd., KEYENCE CORPORATION, Konica Minolta, Inc., Seiko Epson Corporation, Mimaki, InkJet, Inc., CONTROL PRINT LTD., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, Mimaki USA unveiled the TS330-3200DS dual-capability digital textile printer at the PRINTING United Expo event held in Las Vegas. The product has been designed for high-value textile use cases, where it can function as a sublimation unit for printing to transfer paper, as well as a direct-to-textile unit to print on polyester fabrics.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global inkjet printers market based on the below-mentioned segments:
Global Inkjet Printers Market, By Type
- Multifunctional Printers
- Desktop Printers
- Large Format Printers
- Inkjet Press
- Industrial Inkjet Printers
- Textile Printers
- Others
Global Inkjet Printers Market, By Technology
- Continuous Inkjet
- Drop on Demand
- UV Inkjet
- Others
Global Inkjet Printers Market, By End Use
- Consumer
- Education
- Industrial
- Textile
- Pharmaceutical
- Others
Global Inkjet Printers Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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