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Production Printers Market Overview
The Global Production Printers Market is estimated to reach $9.1 billion by 2026, growing at a CAGR of 4.7% from 2021 to 2026. The production printers are also known as digital presses, variable data printing or commercial printers as these are very fast pieces of machinery that produce very efficient and high quality printing. The production printers offer ideal solution for any digital printing business owing to which these are an ideal solution for the growing advertising needs of the enterprises across the world.
Folding cartons and
flexible plastic packaging are driving the growth of production printers owing
to the manufacturers focusing more on creative design of the outer package that
gain the consumers attention on their products. The production printers offer
superior quality printing at low cost due to which they are used in various
applications such as commercial, publishing and others.
Production Printers Market Report Coverage
The
report: “Production Printers Market –
Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the
following segments of the Production
Printers Market.
By Type– Monochrome, Color
By Production
Method- Cut Feed, Continuous Feed
By
Technology- Inkjet, Toner
By
Application- Commercial, Publishing, Labels
and Package, Others
By Geography - North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy,
Spain, Russia, Netherlands and Others), APAC (China, Japan India, SK, Australia, Indonesia, Malaysia and Others),South America(Brazil, Argentina, Chile, Colombia and others), and
RoW (Middle east and Africa)
Key Takeaways
- The upsurge in printing activities due to the demand for attractive advertisements, brooches, bags and others are driving the growth of the market.
- The inkjet printing technology is witnessing a significant growth in the market owing to the adoption of inkjet technology for printing purposes.
- In APAC, rise in urbanization, growth of the emerging economies, investments in the new advertising activities and others.
Production Printers Market, By Production Type, 2020
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Production Printers Market Segment Analysis - By Technology
By Technology, the market is segmented into Inkjet and Toner. Inkjet printers are witnessing a significant growth in the market at 6.5% CAGR through 2026 as they are cheaper, smaller and can be used to print both text documents and high quality colored images. The growth of packaging industry, advertising businesses and e-commerce have fueled the growth of the market as the inkjet printers perform a better job of blending and producing vibrant colors. It can also accommodate larger paper sizes and can reduce the cost of variable data printing. According to Central Statistics Office, the printing industry expanded by 4% in February 2020 as compared to 2019. Mass personalization, changing advertising channels and others are supposed to create significant impacts on production printers.
Production Printer Market Segment Analysis - By Production Type
By Production
Type the market is segmented into Cut Fed and Continuous Feed. The Continuous
Feed dominated the market with a share of 74% in 2020. This technology is also
known as continuous form paper which may come in stack where each sheet is
connected to the other by a punched edge. For the Continuous Feed paper side margins are lined with 1/S’’
holes. These are widely used in roll fed inkjet
production printers that are used for high monthly volumes up to 25M pages for
data applications, catalogs, color books and various other applications including
plastic packaging.
Production
Printers Market Segment Analysis – By Geography
By Geography the Production Printers Market is dominated by APAC with a market share of 33.1% in 2020. APAC is dominating the market owing to the growth of emerging economies, growth of the smart cities and others. In countries, China is a hub for production processes for many industries along with growing demand for production printers and industrial related developments, persisting in the country and contributing extensively to the innovations in utilization and determination of physical properties of different technologies. These have increased the opportunity for robotic manipulator applications in these Asia countries. Rapid growth in enterprises where advertisements are the main objective to attract the attention of the customers have driven the growth of the market.
Production Printers Market Drivers
Growth of the Packaging industries
Due to the growth of packaging industry there is growth of production printers. There is high demand for packaged food, beverages, accessories and others due to which the production printers are gaining traction. The Automotive industry relies on large volume production, which requires high reproducible. Parts produced using additive manufacturing technologies have occasionally seen changeability owing to factors, such as thermal stresses, which result in low repeatability. The increasing emergence of new and the change in structure and properties materials with respect to the materials’ internal factors with superior properties have facilitated transformative changes in manufacturing of products. Furthermore, the bags manufactured by the packaging machines are used for packaging of organic and inorganic materials apart from food and beverages.
Technological Advancements
The technological advancements
have led to the introduction of advanced production printers that are
responsible to print various advertisements, broaches and others. Due to the technological advancement the continuous feed printers
are available in various print technology that save time and energy by printing
plenty of pages at once. With rapid shrinking life cycles of the new vehicles,
auto makers are focusing on formal structure of 3D printing and increasing the
production of low volume parts. New developments in additive
manufacturing processes are anticipated to likely benefit production and
allow the OEMs to produce high performance parts. All these are possible due to
the technological advancements.
Production Printers Market Challenges
Slow Production Speed
Although the production printers are very beneficial
in the industrial applications but production printers’ yields less in large
scale production owing to the slow production speed. Industries such as
Automotive and consumer goods are driven by mass serial production but the
production printers lags in terms of speed and efficiency. In order to maintain
production efficiency products are needed to be manufactured and delivered
within a short time frame.
Production Printers Market Landscape
Production Printers Market is dominated by major companies such as Shining 3D Co., Ltd., Farsoon Technologies, Protofab, SLM Solutions GmbH, Materialise NV, Renishaw Plc, 3D Systems Co., Protolabs Inc., Faro Technologies Inc., ExOne Co , among others.
Acquisitions/Technology Launches
- In August 2020, Renishaw PLC partnered with RAM3D. Through this partnership RAM3D purchased six Renishaws additive manufacturing systems to streamline its AM solutions.
- In May 2020, Materialise NV launched “Mindware”. It is an advisory service offered by the company. Use of 3D printing technology to mitigate the business challenges are provided by the company to the various organizations through this advisory service.
Related Reports
Report Code: ESR 28077
Digital
Printing Market - Forecast(2021 - 2026)
Report Code: ESR 0665
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