Industrial printers are built for various industrial applications, such as packaging, labelling, textile printing, 3D printing, etc. There are various types of industrial printers available in the market such as offset lithography printer, flexographic printer, digital printer, 3D printer, etc. When compared to a normal small-sized printer, an industrial printer can print on various substrates such as metals, plastic, ceramic, fabric, etc. The industrial printing is undergoing a series of major changes, including transition from analog industrial printers to digital printers.
North America held a major share of the global industrial printer market in 2018, followed by Asia Pacific and Europe. The Asia Pacific industrial printer market is expected to offer significant growth opportunities to the manufacturers of industrial printers during the forecast period.
Economic growth of North America is driving the industrial printer market in the region. Additionally, the introduction of technologically advanced industrial printers and increase in the adoption of digital and 3D industrial printers are the major factors propelling the industrial printer market in the region. Moreover, expanding aerospace, electronics, and automotive industries in North America is likely to generate a strong consumer base for electronic and automobile gadgets, driving industrial printer engagement in these applications.
Asia Pacific is a rapidly growing region economically. Additionally, the region has some of the largest economies, including China, Japan, India, South Korea, Indonesia, and Vietnam. Global packaging companies are investing heavily in the region due to which, the industrial printer market in Asia Pacific is projected to grow rapidly during the forecast period.
With continuous development in the digital printing technology, the industrial printing market is witnessing transformation from analog to digital. Digital printing patterns in textile printing are exquisite and fashionable; the technology is green and energy saving. Digital printers that meet the requirements of green and sustainable development have emerged rapidly, satisfying consumers and meeting the high quality demand for the textile industry. Digital printing has become a promising segment of the textile industry. This segment is driving the textile industry to an innovative, ecological, and environment-friendly low-carbon economy model.
Growing demand for personalized or customized medical devices has propelled the use of 3D printers in the medical device industry. 3D printed medical devices allow for easier manufacturing of implants or devices to suit the specific needs and preferences of individuals. As implants are designed to fit a specific person, custom prostheses are more comfortable and have a longer lifespan than traditional prostheses with limited number of sizes. Presently, several medical devices produced using 3D printing, including surgical instruments, dental crown restorations such as dental crowns, orthopedic and skull implants, and external prosthetics have gained tremendous popularity among patients.
The global printing industry is witnessing increased adoption of digital printers and 3D printers. Continuous capability advancements and technology improvements in industrial digital printers have positioned the digital printer technology as a preferred contender across various end use categories, such as packaging, labeling, textile printing, etc. As a result, the demand for industrial digital printer is growing globally.
Packaging is one of the major promotional aspects that determines a consumer's purchasing decision. Industrial printers are widely used in the packaging industry. Rapidly growing food & beverages industry in the world, along with rising demand for flexible packaging from the healthcare sector, is anticipated to drive the demand for industrial printers during the forecast period. There is a huge growth opportunity for industrial printers in packaging applications in both single and multiple pass printing.
The transition from analog industrial printer to digital industrial printer is projected to create new opportunities for the industrial printer market globally
Increasing adoption of 3D printers in various industries, such as aerospace, automotive, construction material printing, etc., is anticipated to generate significant growth opportunities for the manufacturers of industrial 3D printers during the forecast period
Integration of digital printers in production is usually complex and takes time. Additionally, the major challenge for the digital printing technology is that various industrial sector such as textile, packaging, etc. heavily invested in analog printers and thereby resistant to change. This factor is anticipated to hamper the industrial printer market during the forecast period.
The global industrial printer market has been segmented based on printer type, substrate, end use, and region.
In terms of printer type, the industrial printer market has been classified into offset lithography, flexography, digital printer, 3D printer, and others
Based on substrate, the industrial printer market has been divided into metal, plastic, paper, ceramic, fabric, and others
In terms of end use, the industrial printer market has been segmented into aerospace/automotive, textile, packaging printing, construction material printing, signage & labels, and others
Based on region, the industrial printer market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)
Some of the key companies profiled in an industrial printer market research report include 3D Systems Corporation, BobstGroup SA, Dover Corporation, Durst, SLM Solutions Group AG, EOS Group, Heidelberger Druckmaschinen AG, Honeywell International Inc., HP Development Company, L.P, Koenig & Bauer, Konica Minolta, Inc., Seiko Epson Corporation, Stratasys Ltd., Windmoeller & Hoelscher Corporation, and Zebra Technologies Corporation