Global Inkjet Printers Market Insights Forecasts to 2033

• The Global Inkjet Printers Market Size Was Estimated at USD 40.25 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.2% from 2023 to 2033
• The Worldwide Inkjet Printers Market Size is Expected to Reach USD 73.42 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

 

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The Global Inkjet Printers Market Size Was Worth Around USD 40.25 Billion in 2023 and is predicted to Grow to around USD 73.42 Billion by 2033 with a CAGR of 6.2% between 2023 and 2033. Inkjet printers are also known for being affordable and multi-functional, hence very useful for personal applications and in businesses and educational institutions.

 

Market Overview

The market for inkjet printers is a subset of the overall hardware market. Inkjet is a form of printer that uses "ink-jetting" technology to print images and text onto paper. It has user-friendly controls that make it extremely easy to print high-quality photos and documents, which accounts for its wide usage in homes and offices. Additionally, inkjet printing is widely used in the packaging industry, and factors such as efficiency, customization, traceability, and sustainability in processes have made it more important. Printer manufacturers have also made tremendous strides in providing recycling programs for ink cartridges, which is very popular among consumers who want to reduce their environmental footprint. This has helped in promoting eco-friendly models and customer loyalty. The growing use of Internet of Things (IoT) devices and smart home systems has increased the demand for printers that can integrate seamlessly with other smart technologies. Printers that can communicate with other devices have become highly attractive to customers because they ensure a more efficient workflow.

 

Report Coverage

This research report categorizes the inkjet printers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the inkjet printers market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the inkjet printers market.

 

Driving Factors

The emergence of multifunction inkjet printers that integrate printing, scanning, copying, and faxing in a single device has also driven the market. Such all-in-one devices are in great demand among home offices, small businesses, and educational institutions as they come with many features and are inexpensive and space-saving. The increasing use of Internet of Things (IoT) devices and smart home systems has increased the demand for printers that can seamlessly integrate with other smart technologies.

 

Restraining Factors

The need for constant innovation to remain relevant in a rapidly evolving technological landscape is a challenge for the market. Pollution problems associated with ink disposal and energy consumption also provide challenges for the inkjet printers market.

 

Market Segmentation

The inkjet printers market share is classified into type, technology, and end-use.

• The multifunctional printers segment accounted for the largest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the inkjet printers market is divided 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. The growth of the segment is because of the increasing adoption of digital workflows by companies, which further increases the demand for MFPs as it supports integration with cloud services and enterprise document management systems.

 

• The continuous inkjet segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the technology, the inkjet printers market is divided into continuous inkjet, drop on demand, UV inkjet, and others. Among these, the continuous inkjet segment accounted for the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segment growth is driven because continuous inkjet printers are built for high-speed production environments, with speeds ranging from 100 to over 1,000 meters per minute, depending on the application and substrate. The increasing demand for high-speed and high-precision printing processes in different substrates, including packaging, products, and materials, enables this growth in the segment.

 

The consumer segment accounted for the largest market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.

Based on end-use, the inkjet printers market is divided 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 key reason for the growth in the segment is that this machine can produce high-quality prints for all personal applications such as documents, photos, and more.

 

Regional Segment Analysis of the Inkjet Printers Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the inkjet printers market over the predicted timeframe.

 

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North America is anticipated to hold the largest share of the inkjet printers market over the predicted timeframe. The increase in the demand for smart and highly functional printers in organizations as well as homes is driving regional growth. The shift toward acceptance of these technologies at a fast rate in North America and its strong focus on quality printing solutions are other important aspects. Also, the rise of remote work and home businesses in North America has created a need for compact, effective, and cost-effective printing devices, which in turn has helped in the growth of the inkjet printer market in this region.

 

Asia Pacific is expected to grow at the fastest CAGR in the inkjet printers market during the forecast period. The growth in this region is being fueled by the increase in industrialization and digitalization in emerging economies such as China and India. The high population and a growing middle class contribute to increased demand for consumer electronics, including inkjet printers, in this region. Major manufacturing centers in the region and increased local printer production also boost the market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the inkjet printers market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Pannier Corporation
• Canon Inc.
• Videojet Technologies Inc.
• HP Development Company, L.P.
• KEYENCE CORPORATION
• Konica Minolta, Inc.
• Xerox Corporation
• Brother Industries, Ltd.
• Seiko Epson Corporation
• Mimaki
• InkJet, Inc.
• CONTROL PRINT LTD.
• Others 

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

 

Recent Development

• In April 2024, Epson announced the launch of the AM-C400 and AM-C550 multifunction printers, part of the company’s A4 inkjet range, which leverage the company’s Heat-Free Line Inkjet technology. The products have been indicated for customers with higher print volumes, offering high scan and print speeds of up to 100ipm and 55ppm, respectively. 

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 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, By Regional Analysis

• 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