According to the latest market study on "Printing Machinery and Equipment Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Operation, Product Type, Substrate Type, and End Use," the global printing machinery and equipment market was valued at US$ 76.65 billion in 2022; it is expected to register a CAGR of 11.8% during the forecast period, to reach US$ 181.92 billion by 2030.
The printing machinery and equipment market encompasses a wide range of products and services related to the printing industry. It includes presses; printers; copiers; digital printing systems; prepress equipment; post-press equipment such as cutting, folding, and binding machines; and other specialized printing machinery types. Printing machinery and equipment have a wide range of applications, including commercial printing (books, magazines, brochures, and advertising materials), packaging and labeling (cartons, labels, and flexible packaging), textiles (garments and fabrics), 3D printing, and industrial printing (electronics, automotive, and ceramics).
Printing Machinery and Equipment Market Share — by Geography, 2022 Printing Machinery and Equipment Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Operation (Manual and Automatic), Product Type (Offset Lithography, Flexography, Screen, Digital, and Others), Substrate Type (Plastic, Paper & Paperboard, Metal, and Others), and End Use (Commercial, Publication, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)
Printing Machinery and Equipment Market Key Findings 2030
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Source: The Insight Partners Analysis
Manual operations play a significant role in some aspects of printing machinery, particularly in processes that require precision, adjustment, or intervention by operators. Manual operations are required in the setup and maintenance of printing machinery. Majority portion in manual operations is acquired by screen printing, some in flexography and lithography applications also.
The printing machinery and equipment market in North America is segmented into the US, Canada, and Mexico. According to the National Institute of Standards and Technology (NIST), in 2021, the manufacturing sector in the US was valued at US$ 2.3 trillion and contributed 12.0% of its total GDP. The US is the second largest machinery and equipment manufacturer across the world, whereas it is a leading fabricated metal product manufacturer worldwide. Printing machinery and equipment find applications in the metal industry, primarily in the field of metal printing and decoration. The textile industry in North America is witnessing an increasing demand for customized and personalized textiles. Consumers seek unique designs and personalized products, which require printing machine capable of handling customization and short print runs. Digital printing technology, in particular, enables on-demand printing and customization, allowing textile manufacturers to cater to individual preferences and fast-changing fashion trends. Moreover, the textile industry in the US is increasingly focusing on sustainability and eco-friendly practices. Printing machinery that supports sustainable printing processes, such as water-based inks, eco-friendly dyes, and energy-efficient technologies, is in high demand. Textile manufacturers are adopting sustainable printing practices to reduce environmental impact, and printing machinery plays a vital role in enabling these practices. The above-mentioned factors have been consistently generating the demand for different types of printer systems and are driving the North America printing machinery and equipment market growth.
The printing machinery and equipment market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, North America led the market with a substantial printing machinery and equipment market share, followed by Asia Pacific. Further, Asia Pacific is expected to register the highest CAGR in the printing machinery and equipment market from 2022 to 2030.
Xerox Holdings Corporation, manroland Goss, Canon Inc, HP Development Company LP, Presstek, 3D Systems Inc, Komori Corporation, Honeywell International Inc, Toshiba, and Zebra Technologies Corp are among the key printing machinery and equipment market players profiled during the study. In addition, several other leading printing machinery and equipment market players operating in the ecosystem were studied and analyzed for a holistic overview of the global printing machinery and equipment market.
During the peak of the COVID-19 outbreak, global manufacturing activities faced disruptions, which adversely affected the production and demand for printing machinery and equipment. The impact varied across regions, as Eastern countries such as Japan, China, and South Korea reported fewer disruptions than the Western part of the world. In a short duration, the printing machinery and equipment market experienced a decline in production and demand owing to the implementation of lockdown measures in many countries that led to a temporary halt in manufacturing activities and disruptions in the supply chain. Industries such as textile, mass media & communication, and packaging, which heavily rely on printing machinery and equipment, were particularly affected. The unavailability of raw materials also became a challenge as production was restricted due to the pandemic. Therefore, the COVID-19 pandemic negatively impacted the printing machinery and equipment market.
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