Inkjet Printers Market
The market for inkjet printers is anticipated to grow significantly over the course of the forecast period, reaching a value of approximately US$ 52.1 Billion in 2022. The market is expected to grow at 6.5% between 2022 and 2028.
Industry will be impacted by increased use of large format inkjet printing for advertising, which offers excellent print quality.
It is predicted that the market for inkjet printers with multi-functional capabilities and large format will continue to grow. Inkjet printers are expected to reach $74.1 billion by 2028.
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The global inkjet printers market is expected to be valued at over US$ 52.1 Billion in 2022 and is expected to procure significant market value during the forecast period. The market is expected to grow at 6.5% between 2022 and 2028.
Non-contact inkjet printers use a nozzle for propelling the ink onto the substrate. Digital control of the inkjet printer’s nozzle is possible. Different inkjet printers can be used depending on the application. Inkjet printers can be used in offices, schools, colleges, and other institutions. For printing posters and photographs, large format inkjet printers can be used. For marking, coding and printing labels for packaging, industrial inkjet printers can be used. Inkjet presses are used for bulk printing, such as books, magazines, and catalogues.
FMI indicates that the multi-functional and large format segments of inkjet printing machines will be key to the increase in demand during the forecast period. Due to their lower investment costs and superior print quality, inkjet printers will be more popular than counterparts like laser printers that are widely used in emerging countries.
The APEJ will be a leader in global inkjet printer market growth. Inkjet printers will continue to grow in the region due to the presence of emerging economies, rising living standards, and large urban populations. FMI predicts that multifunctional printers will have the largest share of the regional inkjet printing market. This is due to their versatility and greater penetration of multifunctional printers in schools, colleges, offices, and other institutions. China is expected to grow the inkjet printer market in the APEJ faster than any other country.
North America and Western Europe are expected to experience stagnant growth because of the maturity inkjet printing market in those regions. Because inkjet printers are more preferred by consumers than other printers, North America’s US and Western Europe’s Germany will be the most dominant markets. Due to the rising popularity of large format printing for professional and commercial photo printing, however, large format inkjets will experience the greatest growth.
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Inkjet printers will be a promising market in Latin America and MEA. Due to the increased penetration of inkjet printing into end-user industries, North Africa, Latin America and Mexico are expected to offer high incremental opportunities. Due to higher copier paper consumption in these regions, the paper segment of the inkjet printing market in Latin America and MEA is expected to hold the largest share.
Japan has a smaller market share in the global inkjet printing market. Japan-based companies, such as Seiko Epson Corp., Canon Inc. and Brother Industries Ltd, have the highest market share of the global inkjet printing market.
Inkjet printer manufacturers have a primary focus on increasing the ink carrying capability of their inkjet printers, and expanding the global footprint via acquisitions and expansions. Inkjet printer companies will be likely to focus on the lucrative region of Asia Pacific in coming years. Inkjet printer demand is expected to grow due to the rapid growth of these countries’ urbanization, as well as their higher standard of living.
Inkjet, Inc., Brother Industries, Ltd., Seiko Eson Corporation, Xerox Corporation, Hitachi Industrial Equipment Systems Co, Ltd, Lexmark International Inc., Lexmark International Inc., Domino Printing Sciences plc, Inkjet, Inc., Markem Imaje Corporation, Videojet Technologies, Inc. are some of the key players in the report.
Inkjet Printers Market by Type
Type of printer:
- Single functional printers
- Multi-functional Printers
- Large Format Printers
- Industrial Inkjet Printers
- Textile Inkjet Printers
- Inkjet Press
By Technology Type:
- Continuous Inkjet
- Drop in Demand
- Thermal DOD
- Piezoelectric DOD
By Substrate
- Plastic
- Metal
- Paper
- Fabric
- Ceramic
- Other
By End-use Industry:
- Consumer
- Institutional
- Industrial
- Packaging
- Publishing
- Photography
- Textile
- Advertisement
By Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- APEJ
- Japan
- Middle East & Africa (MEA)
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