Inkjet Printers Market By Type (Desktop Printers, Multifunctional Printers, Large Format Printers, Industrial Inkjet Printers, Inkjet Press, Textile Printer), By Technology (Continuous Inkjet, Drop-on-demand), By End User (Consumer, Institutional, Industrial) - Growth, Future Prospects, And Competitive Analysis, 2019 - 2027

Increasing demand for digital printing and technological advancements are fueling the inkjet printer market's growth

Globally, the inkjet printers market is expected to grow with a CAGR of more than 7.2% during the forecast period from 2019 to 2027, starting from US$ 45.18 Bn in 2018. The process of inkjet printing is growing at a rapid pace across the printing and packaging industries. This inkjet printing technique is commonly used on home and office desktop printers. Initially, this technique was used for coding and marking applications; however, with time, its applications increased, and it is now being adopted as an alternative to traditional printing processes. Globally, the demand for digital printing is having a significant impact on various industries, as the business models of these industries are changing in many ways. Thus, numerous print providers are now using inkjet printing in innovative ways.

Furthermore, the adoption of inkjet printers is growing among photographers and magazine manufacturers. The multifunctional features and unique capability of inkjet printers to provide proper color combinations have enhanced their utilization in these creative fields, which ultimately has fuelled the size of the inkjet printer market in the global marketplace. Moreover, with technological advancements, the integration of the latest tools and technologies has made inkjet printers more innovative and user-friendly. These and many other factors are driving the growth of the inkjet printer market across the globe. However, the high cost of the printer and the cartridges compared to other traditional machinery and accessories is likely to restrain the growth of this market during the forecast period.

The multifunctional inkjet printers segment is expected to dominate the inkjet printers market

Based on type, the multifunctional printers segment is expected to hold the largest market share in the global inkjet printers market. The various advantages of multifunctional inkjet printers over other printers are the primary factor that increases their adoption across various industries. These printers can conduct a variety of activities such as print, scanning, copying, faxing, etc., which highlights their versatility. Furthermore, these devices can be connected to various USB, Bluetooth, or wireless tools to take control and processing easier. Based on the increasing demand for these printers, numerous companies are developing and launching new and innovative multifunctional inkjet printers. These new products offer a variety of alternatives for the user to adopt, which fuels the growth of this market.

North America to dominate the inkjet printer market

North America dominates the inkjet printer market, holding the largest market share of more than 30% of the total revenue generated worldwide. The North American inkjet printers market was led by the U.S., as a large number of players operating in the global inkjet printers market are based in the U.S. Also, penetration of advanced technologies is high in the North American region, which ultimately fuels the adoption of inkjet printers.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Asia-Pacific offers significant opportunities for manufacturers of inkjet printers. The manufacturing costs and labor costs are low in this region, which makes it an ideal location to set up production plants for bulk production. Moreover, increasing penetration of advanced technology and growing industrialization are driving the demand for innovative tools such as inkjet printers in this region.

Some of the prominent players operating in the inkjet printer market 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.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The inkjet printer market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global inkjet printer market based on type, technology, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report

• What was the market size of inkjet printers in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for the multifunctional printer segment?
• What are the major trends followed in the inkjet printer market across different regions?
• Who are the key inkjet printer companies leading the market?
• What are the key strategies adopted by the leading inkjet printer companies in the market?

Unique data points of this report

• Statistics on inkjet printer penetration and spending worldwide
• Recent trends across different regions in terms of the adoption of inkjet printers for various applications in various industries
• Notable developments are going on in the inkjet printer industry.
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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