The Printing Machinery and Equipment market is projected to grow from US$ 76.65 billion in 2022 to US$ 181.92 billion by 2030; it is expected to expand at a CAGR of 11.8% from 2022 to 2030. Growth in nonprinting technology is expected to be a key trend in the market.
Printing equipment has become an integral part of daily lives, since it is frequently utilized in offices, institutions, and enterprises to make any information accessible. The worldwide printing machinery and equipment market has enormous development potential and is likely to expand at a rapid pace in the coming years. Outdoor billboards, posters, adhesive wall/floor prints, and custom packaging all require specialized machinery. As a result, the demand from both indoor and outdoor signage producers, as well as package designers is expected to grow during the forecast period.
A printer is an output device that prints text or images onto a medium known as a substrate. Digital printers are frequently connected to computers, either wirelessly or via USB connection. Printing gear and equipment are frequently used in industries to print many types of information, such as images and texts, among others.
The number of companies utilizing 3D printing has increased dramatically as the technology has evolved. The applications and use cases vary by industry, but they typically include tooling aids, visual and functional prototypes, and even end-use parts. In February 2021, Xerox Holdings Corp and the Naval Postgraduate School (NPS) entered into a strategic partnership on developing additive manufacturing technology, notably 3D printing, which has the potential to revolutionize how the military feeds its forward-deployed forces drastically. This relationship assisted NPS in accelerating 3D printing adoption throughout the US Navy and provided Xerox with vital information to help prospective customers achieve supply chain flexibility and robustness. Such developments are expected to drive the printing machinery and equipment market growth during the forecast period.
Key market participants are focusing on technological advancements. For instance, in March 2024, HP Development Company, L.P. announced the launch of a new HP Indigo 120K Digital Press for best-in-class productivity1, 18K Digital Press handling the widest range of print applications ever produced with a single B2 digital press2. Further, in April 2024, Kings 3D launched new products, adding to its four major product lines: metal 3D printing, five-axis additive and subtractive manufacturing, high-speed line forming (HSLA), and arc additive manufacturing. Such advancement in the market is expected to boost the market growth during the forecast period.
The key segments that contributed to the derivation of the Printing Machinery and Equipment market analysis are coverage by operation, product type, substrate type, and end-use.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
North America held a prominent share of the printing machinery and equipment market in 2022. Key market players in this region are focusing on technological advancement and new product launches. For instance, in April 2022, 3D Systems Inc. introduced a new SLA 750 stereolithography additive manufacturing (AM) solution. It is intended for large format or high-volume production applications, and it includes the SLA 750 and SLA 750 Dual - the first synchronous, dual-laser stereolithography printers - as well as the Accura AMX Durable Natural material and the PostCureTM 1050 post-processing system. Further, the market in the Asia Pacific region is expected to grow significantly during the forecast period. Growth in the manufacturing sector and other industrialization are the major factors contributing to the region’s growth.
The regional trends and factors influencing the Printing Machinery and Equipment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Printing Machinery and Equipment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 76.65 Billion |
| Market Size by 2030 | US$ 181.92 Billion |
| Global CAGR (2022 - 2030) | 11.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Operation
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Printing Machinery and Equipment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Printing Machinery and Equipment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Printing Machinery and Equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Printing Machinery and Equipment Market are listed below:
The Printing Machinery and Equipment market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Printing Machinery and Equipment Market Size and Forecast (2020–2030)" provides a detailed analysis of the market covering below areas-
The List of Companies - Printing Machinery and Equipment Market
Xerox Holdings Corporation, manroland Goss, Canon Inc., HP Development Company LP, Presstek, 3D Systems Inc., Proto Labs, Inc., Komori Corporation, Honeywell International Inc., and Toshiba are the major market players.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on the request are additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The global Printing Machinery and Equipment market was estimated to grow at a CAGR of 11.8% during 2022 - 2030.
The emergence of 3D Printing and growing industrialization are the major factors that drive the global Printing Machinery and Equipment market.
Growth in nonprinting technology is the major trend in the market.