The global market for inkjet printers is set to grow by more than 7.2 per cent during the forecast period from 2019 to 2027, starting from US$ 45.18 billion in 2018.
Globally, with the rapid evolution of e-commerce and m-commerce, demand for a good and effective way to highlight brands and communicate well with customers has begun to grow. This has increased the acceptance of the inkjet, as it helps to communicate effectively with the end customer. Inkjet technology is gradually developing and is now considered to be economical and reliable compared to other techniques. In addition, the ability of inkjet printers to deliver high-quality and high-speed printing also draws attention to and enhances their uptake.
With continuous technological advances and research studies, manufacturers are exploring new features and functions that can be integrated into future models of inkjet printers. This gives players a great opportunity to make their product more distinctive and thus gain traction on the market. However, the high cost of printers and cartridges compared to other traditional machines and accessories is likely to constrain the growth of this market during the forecast period.
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Based on the type, the market for inkjet printers is divided into desktop printers, multifunctional printers (MFPs), large format printers, industrial inkjet printers, inkjet printers and textile printers. The segment of multifunctional printers is expected to hold the largest market share in the global market for inkjet printers. The huge market share of this product segment was mainly due to its increasing adoption on the basis of integrated features, high-speed and multifunctional capabilities and affordability.
Type Segment (2017–2027; US$ Bn)
• Desktop Printers
• Multifunctional Printers (MFP)
• Large Format Printers
• Industrial Inkjet Printers
• Inkjet Press
• Textile Printer
Technology Segment (2017–2027; US$ Bn)
• Continuous Inkjet
• Drop-on-demand (DOD)
o Thermal DOD
o Piezoelectric DOD
End User Segment (2017–2027; US$ Bn)
• Consumer
• Institutional
• Industrial
o Packaging
o Publishing
o Photography
o Textile
o Advertisement
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
Some of the major companies profiled in the report include Canon Inc., HP Inc., Brother Industries, Ltd., Xerox Corporation, Seiko Epson Corporation, Hitachi Industrial Equipment Systems Co., Ltd, Domino Printing Sciences plc, Lexmark International Inc., Videojet Technologies, Inc., and Inkjet, Inc., among others.
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Report originally published at Credence Research: https://www.credenceresearch.com/report/inkjet-printers-market
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