According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Industrial Printer Market (Printer Type: Offset Lithography, Flexography, Digital Printer, 3D Printer, and Others; Substrate: Metal, Plastic, Paper, Ceramic, Fabric, and Others; and End Use: Aerospace/Automotive, Textile, Packaging Printing, Construction Material Printing, Signage & Labels, and Others) – Global Industry Trends and Forecast, 2020–2027’ the global industrial printer market is expected to expand at a CAGR of ~6% from 2019 to 2027 and reach a value of US$ 17,781.3 Mn by 2027.
Increase in processed & packaged food demand, growing usage of high-barrier plastic packaging materials, and rise in adoption of flexible packaging and pouches across industries are some of the factors propelling the packaging printing industry, which, in turn, is projected to drive the demand for industrial printers during the forecast period
Globally, the rising consumer disposable income is projected to drive the consumption of printed clothing, therefore complementing fabric segment growth. Furthermore, in order to resist washing and friction, printed fabrics provide better bonding of color with fibers due to which, the demand for industrial printers in the textile printing application is growing.
Increase in urbanization, middle-class population, and disposable income due to growing economies is boosting the e-Commerce industry. Encouraged by the growth of companies, such as Amazon, EBay, Flipkart, etc., the packaging industry, especially flexible packaging, has been expanding, which, in turn, is anticipated to boost the industrial printer market in the region.
Globally, the 3D printing sector is expanding at an exponential rate. Emerging economies, such as India, China, etc., are investing substantially on the 3D printing technology, which is expected to create growth opportunities for the manufacturers of industrial 3D printers during the forecast period.
The global packaging and printing industry is transforming, due to the incorporation of digital printing. Moreover, changes in the way brands communicate with consumers, strong growth of the e-Commerce sector, and changes in the retail supply chain have increased the application of digital printing. Device processors and manufacturers in the region are prospecting how to realize new value through the personalization and customization of packaging, as packaging is becoming an important channel for brands to interact with consumers. Furthermore, increase in demand for food, beverages, and medicines are likely to drive the industrial printer market worldwide.
In regions such as South America and Africa, the additive manufacturing sector is growing slower than anticipated.
Purchasing a 3D printer needs relatively high investments, which companies in these regions are not willing or not able to make. Furthermore, there is still a lack of additive manufacturing specialists in the region. These factors are expected to hamper the growth of the industrial printer market during the forecast period.
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 lucrative opportunities for 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 adoption of digital and 3D industrial printers are major factors propelling the industrial printer market in the region. Moreover, expansion of aerospace, electronics, and automotive industries in North America is offer a strong consumer base for electronic and automobiles gadgets, thereby driving the use of industrial printers in various applications.
Asia Pacific is rapidly growing. Additionally, the region has some of the largest economies, including India, South Korea, Indonesia, Vietnam, Japan, and China. 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.
The global industrial printer market is dominated by several players who are focused on the development of new products to cater to changing consumer preferences
The report includes the below mentioned pointers of major players operating in the global industrial printer market:
Market Share Analysis (2018)
By Offset Printer
By Flexographic Printer
By Digital Printer
By 3D Printer
Business Strategies/Recent Developments
Key mergers & acquisitions
3D Systems Corporation
SLM Solutions Group AG
Heidelberger Druckmaschinen AG
HP Development Company, L.P
Seiko Epson Corporation
Windmoeller & Hoelscher Corporation
Honeywell International Inc.
Konica Minolta, Inc.
Zebra Technologies Corporation
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