PUBLISHER: Acute Market Reports | PRODUCT CODE: 1383547
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1383547
The print on demand (POD) market is a dynamic and rapidly evolving sector within the broader printing and e-commerce industry. The POD market is expected to grow at a CAGR of 26.1% during the forecast period of 2023 to 2031, driven by the e-commerce boom, the rising demand for personalization, and reduced inventory risks. The Software segment is expected to lead in terms of both revenue and CAGR, while Asia-Pacific is poised for significant growth. Leading players focus on technological advancements, global expansion, sustainability, and strategic collaborations to maintain a competitive edge in this thriving industry, catering to the growing appetite for personalized products worldwide.
The exponential growth of e-commerce platforms has been a major driver of the POD market. The ease of setting up online stores and the increasing preference for personalized products have propelled demand for POD services. Evidence of this driver can be seen in the surge in e-commerce sales and the proliferation of POD businesses offering a wide range of customized products.
In today's consumer-driven market, personalization is a key differentiator. Consumers seek unique and personalized products that reflect their individuality. POD services cater to this demand by offering customizable products, from custom t-shirts to personalized home decor items. Evidence of this driver can be found in the growing preference for personalized gifts and merchandise.
Traditional manufacturing and retail involve substantial inventory costs and risks associated with overstocking or understocking. POD eliminates these risks by producing products on demand, reducing inventory overhead, and minimizing wastage. Evidence of this driver is evident in the cost savings and risk reduction experienced by businesses that adopt POD models.
A significant restraint in the POD market is the potential for intellectual property and copyright infringement. With the ease of creating and selling custom designs, there is a risk of unauthorized use of copyrighted materials and designs. Evidence of this challenge can be seen in legal disputes and the need for robust copyright enforcement mechanisms. To address this restraint, POD platforms must implement stringent content review and verification processes.
In 2022, the Services segment, which includes print-on-demand service providers, accounted for the highest revenue within the POD market due to the end-to-end solutions they offer to businesses and individuals. However, during the forecast period from 2023 to 2031, the Software segment is expected to demonstrate both the highest revenue and the highest compound annual growth rate (CAGR). This growth is driven by the increasing availability and adoption of user-friendly design and print software, enabling customers to create and order personalized products independently.
In 2022, the Apparel segment accounted for the highest revenue within the POD market due to the popularity of custom-designed clothing items. However, during the forecast period from 2023 to 2031, the Accessories segment, including custom-designed accessories like phone cases and jewelry, is expected to exhibit both the highest revenue and the highest CAGR. This growth is driven by the increasing trend of accessorizing and personalizing everyday items.
Geographically, North America held the highest revenue percentage in the POD market in 2022, driven by the strong presence of e-commerce giants and the growing demand for personalized products. However, Asia-Pacific is expected to demonstrate the highest CAGR during the forecast period. This growth is propelled by the expanding e-commerce ecosystem, rising disposable incomes, and a burgeoning consumer base.
The POD market is highly competitive, with numerous players, including Printful, Printify, Teespring, Canva, VistaPrint (Cimpress), CustomCat, Gelato, Gooten, Printed Mint, Teelaunch, Zazzle, Inc. and RedBubble Group, vying for market share. Leading POD platforms continuously invest in technology to enhance the user experience. This includes the development of intuitive design tools and integration with e-commerce platforms. To tap into emerging markets, many POD providers expand their global footprint by establishing regional production facilities and fulfillmentcenters. POD businesses are increasingly focused on sustainability by adopting eco-friendly printing methods, using organic materials, and minimizing waste. Strategic collaborations with artists, influencers, and brands are common in the POD market to attract a wider customer base and enhance product offerings.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofPrint On Demand market are as follows:
Micro and macro environment factors that are currently influencing the Print On Demand market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
TABLE 3 Global Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 6 North America Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 9 U.S. Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 12 Canada Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 15 Rest of North America Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 18 UK and European Union Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 21 UK Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 24 Germany Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 27 Spain Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 30 Italy Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 33 France Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 36 Rest of Europe Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 39 Asia Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 42 China Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 45 Japan Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 48 India Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 51 Australia Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 54 South Korea Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 57 Latin America Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 60 Brazil Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 63 Mexico Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 66 Rest of Latin America Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 69 Middle East and Africa Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 72 GCC Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 75 Africa Print On Demand Market By Product, 2021-2031, USD (Million)
TABLE 78 Rest of Middle East and Africa Print On Demand Market By Product, 2021-2031, USD (Million)
FIG. 9Market Positioning of Key Print On Demand Market Players, 2022
FIG. 10Global Print On Demand Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031