PUBLISHER: The Business Research Company | PRODUCT CODE: 1435507
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435507
Printing machinery and equipment pertain to the tools and devices utilized in printing and bookbinding processes, specifically for applying printing ink onto various printing mediums such as cloth, paper, or plastic.
The primary categories of printing machinery and equipment encompass typesetting machinery, offset printing machinery, flexographic printing machinery, gravure printing machinery, printing trades binding machinery and equipment, along with other varieties. Typesetting machinery is employed for letterpress printing, and its diverse capacities range from small to medium and large. The operations associated with these machines include autonomous, semi-autonomous, and manual processes. These tools find applications in packaging, publication, and various other end-user industries.
The printing machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides printing machinery and equipment market statistics, including printing machinery and equipment industry global market size, regional shares, competitors with a printing machinery and equipment market share, detailed printing machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the printing machinery and equipment industry. This printing machinery and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The printing machinery and equipment market size has grown strongly in recent years. It will grow from $56.92 billion in 2023 to $61.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The expansion observed in the historical period can be linked to the request for print media, globalization and international trade, educational printing requirements, regulatory printing mandates, and advertising and marketing necessities.
The printing machinery and equipment market size is expected to see strong growth in the next few years. It will grow to $83.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated expansion in the forecast period is associated with the digital transformation in printing, the emphasis on sustainability and green printing, the upsurge in textile printing, developments in the printed electronics industry, and the evolution of the packaging industry. Key trends expected in the forecast period comprise digital printing, the incorporation of augmented reality (AR) in printing, the integration of 3D printing, advancements in packaging printing, the adoption of hybrid printing solutions, and the implementation of print automation and workflow solutions.
The anticipated expansion of e-commerce is poised to drive the growth of the printing machinery and equipment market in the future. E-commerce, involving the online buying and selling of goods and services, is generating an increased demand for customized packaging, branded materials, and on-demand printing. This surge in demand within e-commerce businesses necessitates the use of high-quality, rapid-turnaround digital printing machinery to enhance brand visibility and customer experiences. For example, in February 2023, a report from the U.S. Census Bureau revealed that estimated retail e-commerce sales in the United States reached $299.1 billion in the fourth quarter of 2022, marking a 4.1% growth from the previous quarter. E-commerce sales in the same period also saw a 6.2% increase compared to 2021, accounting for 16.0% of total sales. Thus, the upswing in e-commerce is a driving force behind the growth of the printing machinery and equipment market.
The rapid evolution of technology is expected to foster innovation in the manufacturing of printing machinery and equipment, driving market growth in the forecast period. Technologies such as 3D printing, artificial intelligence, and big data analytics are being integrated into manufacturing processes, resulting in enhanced productivity, reduced operating costs, and increased profit margins. A global survey by The Economist Intelligence Unit revealed that approximately 90% of corporate executives believe artificial intelligence (AI) will positively impact a company's growth, and 86% see it as a means to improve productivity. Lower operating costs, leading to higher margins, enable companies to expand their product portfolios and enter new markets through investments made with cost savings. The incorporation of Internet of Things (IoT) applications into these devices allows for services such as remote monitoring and central feedback systems. Additionally, mobile applications, advanced sensors, and embedded software create new opportunities for companies in this market. These factors are anticipated to propel the printing machinery and equipment manufacturing market in the forecast period.
The COVID-19 pandemic posed a significant restraint on the printing machinery and equipment manufacturing market in 2020, disrupting supply chains due to trade restrictions and decreasing consumption caused by global lockdowns. The outbreak led to widespread disruptions in production as governments implemented restrictions on the movement of goods. While the impact of COVID-19 is expected to continue negatively affecting businesses in 2021, the printing machinery and equipment manufacturing market is anticipated to recover from this unforeseen event over the forecast period, as it is considered a 'black swan event' unrelated to ongoing or fundamental weaknesses in the market or the global economy.
Major players in the printing machinery and equipment market are strategically concentrating on the development of advanced machinery, including 3D printing machines, aiming to enhance their product portfolios and establish market dominance. A 3D printing machine is a device designed to construct three-dimensional objects by depositing successive layers of material, typically in the form of plastic, metal, resin, or other materials. For example, in June 2023, Schaeffler Special Machinery, a German manufacturer specializing in customized machinery and systems, introduced state-of-the-art multi-material 3D printing systems. This innovative approach to producing highly precise 3D-printed parts involves the fusion of metals and ceramics, allowing customers to explore inventive material combinations, integrate new functionalities into components and tools, and attain greater design flexibility for their products and tools.
A recent advancement in the printing machinery and equipment manufacturing market is instant and on-the-go printing. On-the-go printing involves wireless connectivity in printers, enabling users to initiate hassle-free printing using smartphone apps. This printer technology encourages the younger generation to be more creative and familiar with using printers through technology. For instance, HP printers can be accessed through the HP Smart app, eliminating the need for a computer or wired connections.
Major companies operating in the printing machinery and equipment market report are Konica Minolta Inc., Canon Inc., Fujifilm Corporation, Ricoh Group, Dover Corporation, Xerox Corporation, Landa Corporation, Barry-Wehmiller, Heidelberger Druckmaschinen AG, Clover Technologies Group LLC, Heidelberg USA Inc., Agfa-Gevaert NV, Bobst, Eastman Kodak Co., Windmoller & Holscher, Komori Corporation, 3D Systems Corporation, Koenig & Bauer AG, Mark Andy Inc., SPGPrints B.V., Desktop Metal, Weber Packaging Solutions, M & R Sales & Service Inc., Carbon Inc., AstroNova Inc., Comexi Group, Divergent 3D, Rotatek Printing Machinery, 3D Fortify, Fast Radius
Western Europe was the largest region in the printing machinery and equipment market in 2023. Asia-Pacific was the second largest region in the printing machinery and equipment market. The regions covered in the printing machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the printing machinery and equipment market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
The printing machinery and equipment market consists of sales of printing presses, typesetting machinery, and bindery machinery. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Printing Machinery And Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on printing machinery and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for printing machinery and equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The printing machinery and equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.