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Production Printers Market Size Estimated to Reach $9.1 Billion by 2026

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Production Printers Market Size Estimated to Reach $9.1 Billion by 2026

August 02
14:06 2021
Production Printers Market Size Estimated to Reach $9.1 Billion by 2026

Production Printers Market
The Inkjet Printing Technology Is Witnessing a Significant Growth in the Production Printers Market Owing to the Adoption of Inkjet Technology for Printing Purposes

The Global Production Printers Market is estimated to reach $9.1 billion by 2026, growing at a CAGR of 4.7% from 2021 to 2026. The production printers are also known as digital presses, variable data printing or commercial printers as these are very fast pieces of machinery that produce very efficient and high quality printing. The production printers offer ideal solution for any digital printing business owing to which these are an ideal solution for the growing advertising needs of enterprises across the world. 

Folding cartons and flexible plastic packaging are driving the growth of production printers owing to the manufacturers focusing more on creative design of the outer package that gain the consumers attention on their products. The production printers offer superior quality printing at low cost due to which they are used in various applications such as commercial, publishing and others.

Production Printers Market Segment Analysis – By Technology

By Technology, the market is segmented into Inkjet and Toner. Inkjet printers are witnessing significant growth in the market at 6.5% CAGR through 2026 as they are cheaper, smaller and can be used to print both text documents and high-quality colored images. The growth of packaging industry, advertising businesses and e-commerce have fueled the growth of the market as the inkjet printers perform a better job of blending and producing vibrant colors. It can also accommodate larger paper sizes and can reduce the cost of variable data printing. According to Central Statistics Office, the printing industry expanded by 4% in February 2020 as compared to 2019. Mass personalization, changing advertising channels and others are supposed to create significant impacts on production printers.

Production Printer Market Segment Analysis – By Production Type

By Production Type the market is segmented into Cut Fed and Continuous Feed. The Continuous Feed dominated the market with a share of 74% in 2020. This technology is also known as continuous form paper which may come in stack where each sheet is connected to the other by a punched edge. For the Continuous Feed paper side margins are lined with 1/S’’ holes. These are widely used in roll fed inkjet production printers that are used for high monthly volumes up to 25M pages for data applications, catalogs, color books and various other applications including plastic packaging.  

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Production Printers Market Segment Analysis – By Geography

By Geography the Production Printers Market is dominated by APAC with a market share of 33.1% in 2020. APAC is dominating the market owing to the growth of emerging economies, growth of the smart cities and others. In countries, China is a hub for production processes for many industries along with growing demand for production printers and industrial related developments, persisting in the country and contributing extensively to the innovations in utilization and determination of physical properties of different technologies. These have increased the opportunity for robotic manipulator applications in these Asia countries. Rapid growth in enterprises where advertisements are the main objective to attract the attention of the customers have driven the growth of the market.

Production Printers Market Drivers

Growth of the Packaging industries

Due to the growth of packaging industry there is growth of production printers. There is high demand for packaged food, beverages, accessories and others due to which the production printers are gaining traction. The Automotive industry relies on large volume production, which requires high reproducible. Parts produced using additive manufacturing technologies have occasionally seen changeability owing to factors, such as thermal stresses, which result in low repeatability. The increasing emergence of new and the change in structure and properties materials with respect to the materials’ internal factors with superior properties have facilitated transformative changes in manufacturing of products. Furthermore, the bags manufactured by the packaging machines are used for packaging of organic and inorganic materials apart from food and beverages.

Technological Advancements

The technological advancements have led to the introduction of advanced production printers that are responsible to print various advertisements, broaches and others. Due to technological advancement, the continuous feed printers are available in various print technology that save time and energy by printing plenty of pages at once. With rapid shrinking life cycles of the new vehicles, auto makers are focusing on formal structure of 3D printing and increasing the production of low volume parts. New developments in additive manufacturing processes are anticipated to likely benefit production and allow the OEMs to produce high-performance parts. All these are possible due to the technological advancements.

Production Printers Market Challenges

Slow Production Speed

Although the production printers are very beneficial in the industrial applications but production printers’ yields less in large scale production owing to the slow production speed. Industries such as Automotive and consumer goods are driven by mass serial production but the production printers lags in terms of speed and efficiency. In order to maintain production efficiency products are needed to be manufactured and delivered within a short time frame.

Production Printers Market Landscape

Production Printers Market is dominated by major companies such as Shining 3D Co., Ltd., Farsoon Technologies, Protofab, SLM Solutions GmbH, Materialise NV, Renishaw Plc, 3D Systems Co., Protolabs Inc., Faro Technologies Inc., ExOne Co , among others.

Acquisitions/Technology Launches

In August 2020, Renishaw PLC partnered with RAM3D. Through this partnership RAM3D purchased six Renishaws additive manufacturing systems to streamline its AM solutions.

In May 2020, Materialise NV launched “Mindware”. It is an advisory service offered by the company. Use of 3D printing technology to mitigate the business challenges are provided by the company to the various organizations through this advisory service.

Key Takeaways

The upsurge in printing activities due to the demand for attractive advertisements, brooches, bags and others are driving the growth of the market.

The inkjet printing technology is witnessing a significant growth in the market owing to the adoption of inkjet technology for printing purposes.

In APAC, rise in urbanization, growth of the emerging economies, investments in the new advertising activities and others.

Related Reports: 

A. Digital Printing Market 

https://www.industryarc.com/Report/19310/digital-printing-market.html

B. 3D Printing Market 

https://www.industryarc.com/Report/18389/3d-printing-market-research-report-analysis.html

For more Electronics Market reports – Please click here

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