PUBLISHER: The Business Research Company | PRODUCT CODE: 1669736
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669736
An inkjet printer is a type of printer that utilizes small droplets of ink to create text, images, or graphics on paper or other printable materials. The printer works by propelling tiny droplets of ink onto the printing surface through a print head containing numerous nozzles. Inkjet printers are versatile and commonly used for document printing, marketing materials, and personal or home use.
The main types of inkjet printers include multifunctional printers, desktop printers, large format printers, inkjet presses, industrial inkjet printers, textile printers, and others. A multifunctional printer, also known as an all-in-one printer, is a device that combines the functionality of multiple office machines into a single unit. These printers are capable of printing, scanning, copying, faxing, and document management. They integrate different technologies such as continuous inkjet, drop-on-demand, UV inkjet, and others, and find applications in various industries such as packaging and labeling, publishing, advertising, textile printing, photo printing, and more. End-user industries utilizing inkjet printers include consumer, education, industrial, textile, pharmaceutical, and others.
The inkjet printers research report is one of a series of new reports from The Business Research Company that provides inkjet printers market statistics, including the inkjet printers industry's global market size, regional shares, competitors with an inkjet printers market share, detailed inkjet printers market segments, market trends and opportunities, and any further data you may need to thrive in the inkjet printers industry. This inkjet printers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The inkjet printers market size has grown strongly in recent years. It will grow from $48.47 billion in 2024 to $51.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to home printing revolution, small and medium-sized business adoption, e-commerce growth, environmental awareness, education sector adoption
The inkjet printers market size is expected to see strong growth in the next few years. It will grow to $65.94 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to 3D printing integration, rise of remote work, customization demands, augmented reality printing, bioprinting applications. Major trends in the forecast period include digital photography boom, technological advancements, mobile printing dominance, subscription-based printing services, artificial intelligence in printing.
The growth of the advertising industry is anticipated to drive the expansion of the inkjet printers market in the future. The advertising industry encompasses activities related to creating, planning, executing, and managing promotional campaigns and messages aimed at reaching and persuading target audiences. Inkjet printers play a crucial role in this sector by enabling the production of various advertising materials. They offer several advantages that make them essential tools for advertising agencies. For example, in September 2024, Publift, an Ireland-based advertising services company, reported that the United States has one of the most profitable advertising industries in the world, with estimated ad expenditures approaching $300 billion in 2023. The U.S. market significantly surpasses competitors such as China and Japan. In 2022, digital advertising accounted for 67% of total global ad revenue, a figure projected to rise to 70% by 2025. In the U.S., digital advertising represented 61% of the market in 2022. Therefore, the expansion of the advertising industry is fueling the growth of the inkjet printer market.
The expanding packaging industry is expected to drive growth in the inkjet printer market in the future. The packaging industry involves the design, manufacturing, and production of materials and containers used to enclose, protect, and present products for storage, distribution, sale, and use. Inkjet printers are utilized for various tasks, including label printing, variable data printing, and customization. They enhance packaging efficiency through functions such as date and IoT coding, barcode printing, and serialization, providing flexibility, compliance, and improved visual appeal. For example, in September 2022, a report from the Australian Institute of Business, an Australia-based business school, indicated that the Australian packaging market is projected to grow at a compound annual growth rate of 1.7%, rising from 47.6 billion units in 2021 to 51.9 billion units by 2026. Thus, the increasing expansion of the packaging industry is driving the growth of the inkjet printer market.
A prominent trend in the inkjet printers market is the adoption of technological innovations. Companies in this market are embracing new technologies to sustain their positions. For instance, in February 2023, Mimaki Engineering Co. Ltd. introduced the TxF150-75, its first direct-to-film (DTF) technology inkjet printer. This technology incorporates built-in ink circulation systems, degassed ink pack design, nozzle check units, and nozzle recovery systems to ensure smooth operations with minimal intervention. With full-color printing capabilities, the technology is capable of producing eye-catching graphics.
Prominent players in the inkjet printers market are strategically introducing innovative products, such as ink tank printers, to establish a competitive advantage. Ink tank printers, also recognized as refillable ink tank printers, are characterized by built-in ink tanks that can be conveniently refilled as needed. A case in point is Canon Inc., which, in February 2022, unveiled the MAXIFY GX5070, a cutting-edge ink tank business printer meticulously crafted to cater to the high-volume, high-quality color printing requirements of home offices and small businesses. The MAXIFY GX5070 printer is designed to elevate efficiency and productivity, boasting features that include low color printing costs, rapid print speeds, substantial paper capacity trays, water-resistant printing capabilities, and networking functionalities. This strategic product launch underscores major companies' commitment to staying ahead in the market by delivering advanced and user-friendly solutions that address the evolving needs of consumers and businesses alike.
In June 2022, Agfa-Gevaert Group successfully completed the acquisition of Inca Digital Printers Limited for an undisclosed sum. This strategic move is aimed at reinforcing Agfa's presence in the sign and display as well as industrial printing sectors, thereby fostering its expansion in the realm of digital printing. Inca Digital Printers, headquartered in the United Kingdom, is recognized as a leading inkjet technology company with expertise in the production of inkjet printers.
Major companies operating in the inkjet printers market include HP Inc., Videojet Technologies Inc., Canon Inc., Fujifilm Holdings Corporation, Kyocera Corporation, Ricoh Company Ltd., Seiko Epson Corporation, Xerox Holdings Corporation, Konica Minolta Business Solutions India Private Limited, Brothers Industries Ltd., Keyence Corporation, Zebra Technologies Corporation, Lexmark International Inc., Screen Holdings Co. Ltd., Agfa-Gevaert N.V., EFI Electronics for Imaging Inc., Markem-Imaje Corporation, Domino Printing Sciences plc, Xaar plc, Mimaki Engineering Co. Ltd, Roland DG Corporation, Kornit Digital Ltd., Inkjet Inc., Pannier Corporation, Durst Phototechnik AG, Mutoh Holdings Co. Ltd, Control Print Ltd., Colordyne Technologies LLC
North America was the largest region in the inkjet printers market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inkjet printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the inkjet printers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The inkjet printers market consists of sales of portable inkjet printers and handheld inkjet printers. 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.
Inkjet Printers Global Market Report 2025 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 inkjet printers 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 inkjet printers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The inkjet printers 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.