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Inkjet Printers Market Size is Forecasted to Reach USD 67.77 Billion by 2030 Says Precedence Research

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The inkjet printers market demand stood at US$ 41.2 billion in 2020 and is forecast to reach US$ 67.77 billion by 2030, growing at a healthy CAGR of 5.1% from 2021-2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

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Inkjet printer is a type of printer that redevelops the digital image by propelling the ink droplets over the paper and plastic substrates and this market is expected to grow with a CAGR of 5.1% during the forecast period.

Inkjet printing technology is prints on the paper, plastic substrates and others simply by ejecting tiny droplets of ink onto its surface without actually touching it. The inkjet printer possesses some beneficial features such as provision of higher quality output, reduction of manufacturing costs, faster prototyping, conversion of processes from analogue to digital and the implementation of just-in-time manufacture. Because of which the industrial end user segment contributed a significant share of more than 25% by revenue share in 2020.

Competition Landscape

In the final section of the research report, Precedence Research provided the global inkjet printers market structure and a detailed competition landscape to provide a dashboard view of key players operating in the inkjet printers market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the inkjet printers market include:

Videojet Technologies, Inc., Xerox Corporation, Pannier Corporation, Canon Singapore Pvt. Ltd., HP Development Company, L.P., Brother Industries, Ltd., KEYENCE CORPORATION, Konica Minolta, Inc. and Seiko Epson Corporation.

Crucial factors accountable for market growth are:

  • The significant growth in packaging industry amounting for more than 55% of revenue share in 2020 which is estimated to fuel the market growth of inkjet printers.
  • The surge in advertising industry boosts the market growth.
  • The rise in utility of inkjet printers in various industry verticals such as packaging, education, advertisement, textile and pharmaceutical.
  • The high operational speed of the inkjet printers fosters the demand in the market.

Report Highlights

  • The multifunctional printer segment accounted for more than 25% revenue share in 2020.
  • The industrial segment of the Inkjet Printers Market is estimated to lead the market with a market share of more than 25% in 2021.
  • By Geography, North America is expected to lead the market contributing more than 30.1% revenue share in 2021 owing the growth of pharmaceutical industry in this region and also by the presence of major market players.

Market Dynamics

Driver – The increasing penetration of inkjet printers in developing nations coupled with rapid digitalization is expected to be the key driving factors for the market growth. For instance, Canon Inc, on 5th August 2021, announced the evolution of the new imagePROGRAF TZ-5300 series and next generation imagePROGRAF TX-5310 series large format printers. The new TZ range offers High Speed, Productivity and Seamless Workflow Management. This development in the inkjet printers is anticipated to fuel the growth of the inkjet printer market.

Restraint – The major restraining factor that will negatively impact the growth of the Inkjet Printers Market includes the health hazards that are caused upon exposure to the chemicals used for printing and the environmental hazards when the printing wastes are not handled in a proper manner.

Opportunity – Hybrid printing using the inkjet printers is one of the latest printing technologies that is expected to find huge opportunities in the upcoming years as it offers more work to be done in a shorter duration of time and it is cost effective.

Challenges – The continuous exposure to the printing chemicals causes various health hazards and it needs to be handled with proper safety provisions. This factor will be a major challenge encountered by the inkjet printer market.

Recent Developments

  • On 12th July 2021, Canon Inc. announced its launch of the PIXMA G570 and PIXMA G670 6-colour refillable ink tank photo printers. It is specially designed for home and small businesses. It offers high-quality photo prints at low cost.
  • On 06th October 2021, Xerox Corporation announced that it has joined the Gartner Peer Insights Customer First Program. Xerox was awardedwith the Customer First Badge. Xerox, which is the only supplier of Managed Print Services in the Distributed Workplace to earn this badge.
  • On 5th October 2021, Xerox Corporation acquires Competitive Computing (C2) that will help in expanding its IT services business. Competitive Computing (C2) serves all over New England and the United States and has been recognized as “Best of Business” for IT services in Vermont for the past two years.
  • On 27th April 2021 Hewlett-Packard Development Company L.P. announced its launch of Smartest Printing System, HP+. It is a breakthrough cloud-based ecosystem that is secure, productive, and uniquely sustainable making it always ready to print remotely anywhere at any time. It has been designed for consumers and small businesses.

Regional Snapshots

The Asia Pacific region is expected to witness significant growth during the forecast period owing to significant growth of the e-commerce industry in this region. For instance, on 2nd February, 2021 Epson India announced the launch of new format printers. This printer offers high-speed, quality printing, versatility and self-serviceability. This development in the Asia Pacific is estimated to drive the growth of inkjet printers in the market.

Market Segmentation

By Type

  • MultifunctionalPrinters
  • DesktopPrinters
  • Large FormatPrinters
  • Inkjet PressPrinters
  • IndustrialPrinters
  • TextilePrinters
  • Others

By Technology

  • Continuous Inkjet
  • Drop on Demand
  • UV Inkjet
  • Others

By End-user

  • Consumer
  • Education
  • Industrial
  • Textile
  • Pharmaceutical
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global inkjet printers market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for inkjet printers are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1332

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Inkjet Printers Market 

5.1. COVID-19 Landscape: Inkjet Printers Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Inkjet Printers Market, By Product

8.1. Inkjet Printers Market, by Product Type, 2021-2030

8.1.1. Multifunctional Printers

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Desktop Printers

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Large Format Printers

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Inkjet Press Printers

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Industrial Printers

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Textile Printers

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Inkjet Printers Market, By End-user

9.1. Inkjet Printers Market, by End-user, 2021-2030

9.1.1. Consumer

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Education

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Textile

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Pharmaceutical

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Inkjet Printers Market, By Technology 

10.1. Inkjet Printers Market, by Technology, 2021-2030

10.1.1. Continuous Inkjet

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Drop on Demand

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. UV Inkjet

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Others

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Inkjet Printers Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by End-user (2019-2030)

11.1.3. Market Revenue and Forecast, by Technology (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by End-user (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Technology (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by End-user (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Technology (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by End-user (2019-2030)

11.2.3. Market Revenue and Forecast, by Technology (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by End-user (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Technology (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by End-user (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Technology (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by End-user (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Technology (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by End-user (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Technology (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by End-user (2019-2030)

11.3.3. Market Revenue and Forecast, by Technology (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by End-user (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Technology (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by End-user (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Technology (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by End-user (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Technology (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by End-user (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Technology (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by End-user (2019-2030)

11.4.3. Market Revenue and Forecast, by Technology (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by End-user (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Technology (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by End-user (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Technology (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by End-user (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Technology (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by End-user (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Technology (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by End-user (2019-2030)

11.5.3. Market Revenue and Forecast, by Technology (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by End-user (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Technology (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by End-user (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Technology (2019-2030)

Chapter 12. Company Profiles

12.1. Videojet Technologies, Inc.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Xerox Corporation

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Pannier Corporation

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Canon Singapore Pvt. Ltd.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. HP Development Company, L.P.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Brother Industries, Ltd.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. KEYENCE CORPORATION

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Konica Minolta, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Seiko Epson Corporation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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