The inkjet printers market is a vibrant hub of technological innovation, enabling a spectrum of colorful creativity and precision in modern document and image printing. These devices utilize advanced nozzle technology to spray tiny droplets of ink onto various surfaces, producing stunning, high-resolution prints. From everyday documents to breathtaking photo prints, inkjet printers offer a versatile solution for both personal and professional use. With evolving features, wireless connectivity, and eco-friendly options, they continue revolutionizing the printing industry by providing efficient and visually captivating results.
According to Data Bridge Market Research, the Global Inkjet Printers Market, which was USD 47.26 billion in 2022, would rocket up to USD 81.82 billion by 2030 and is expected to undergo a CAGR of 7.1% during the forecast period of 2023-2030.
“Growing demand from packaging and labeling applications boost the market’s growth”
The key driver in the inkjet printers market is the growing demand for packaging and labeling applications. The versatility of inkjet technology makes it ideal for printing barcodes, product descriptions, and colorful graphics on packaging materials, enhancing product visibility and consumer engagement. Additionally, it's widely used in label printing for variable data, batch numbers, and branding. With its ability to deliver high-quality, customizable prints, inkjet printers play a crucial role in meeting the evolving needs of the packaging and labeling industry.
What restraints the growth of the global inkjet printers market?
“Cost of consumables restraints the market’s growth”
The inkjet printers market faces a significant restraint in the cost of consumables. While inkjet printers are often affordable, the recurring expenses related to ink cartridges or printheads can accumulate over time. Consumers and businesses may spend more on ink than the printer itself. This cost factor can be a deterrent, especially in price-sensitive markets, potentially leading to challenges in the market's overall growth and adoption.
Segmentation: Global Inkjet Printers Market
The global inkjet printers market is segmented on the basis of type and application.
- On the basis of type, the global inkjet printers market is segmented into solid inkjet and liquid inkjet.
- On the basis of application, the global inkjet printers market is segmented into commercial use, and home use.
Regional Insights: North America dominates the Global Inkjet Printers Market
North America dominates the market due to numerous inkjet printer manufacturers, spanning domestic and international companies, having established research and development centers in the United States. This strategic presence fosters innovation and collaboration with local talent, consistently releasing state-of-the-art inkjet printer models. As a result, consumers benefit from a wide range of cutting-edge choices in the inkjet printer market, meeting diverse needs and preferences.
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Recent Developments
- In February 2022, Canon unveiled an addition to its MAXIFY Ink Efficient GX Series, introducing a new ink tank business printer. This printer is designed to offer a blend of cost-effective color printing, speed, efficient paper handling, and enhanced networking capabilities, catering to the needs of offices and businesses, ultimately boosting their productivity and efficiency.
- In October 2021, Roland DG Corporation, a leading manufacturer of wide-format inkjet printers and printer/cutters, introduced D-BRIDGE, a support website aimed at providing valuable insights into the advantages of digitalization and the key success factors for individuals involved in various creative processes, particularly in the realms of printing and manufacturing.
The Prominent Key Players Operating in the Global Inkjet Printers Market Include:
- Canon Inc. (Japan)
- Epson (Japan)
- HP Inc. (U.S.)
- Brother Industries, Ltd. (Japan)
- Xerox Holdings Corporation (U.S.)
- Ricoh Company, Ltd (Japan)
- Konica Minolta, Inc. (Japan)
- Seiko Epson Corporation (Japan)
- Lexmark International, Inc. (U.S.)
- Oki Electric Industry Co., Ltd. (Japan)
- Roland DG Corporation (Japan)
- Toshiba Tec Corporation (Japan)
- Fujifilm Holdings Corporation (Japan)
- Domino Printing Sciences plc (United Kingdom)
- Hitachi Industrial Equipment Systems Co., Ltd. (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of global inkjet printers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Inkjet Printers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
