Global Inkjet Printers Market, By Types (Solid Inkjet, Liquid Inkjet), Application (Commercial Use, Home Use) – Industry Trends and Forecast to 2029.
Global Inkjet Printers Market Analysis and Size
With the rapid expansion of e-commerce and m-commerce worldwide, the demand for a smart and effective approach to spotlight brands and connect effectively with customers began to rise. This has enhanced inkjet adoption since it allows for more effective communication with the end customer. Inkjet technology has evolved through time and is currently considered to be more cost-effective and reliable than other methods. Furthermore, inkjet printers' capacity to produce high-quality and high-speed prints attracts attention and boosts acceptance.
- Data Bridge Market Research analyses that the inkjet printers market was valued at USD 44.13 billion in 2021 and is expected to reach USD 76.38 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Global Inkjet Printers Market Definition
Inkjet printers are computer peripherals that produce high-quality images by precisely spraying tiny droplets of liquid ink onto paper. Compared to traditional printers, these printers are compact, inexpensive, lightweight, and simple to operate. As a result, they're common in commercial printing of books, signage, billboards, t-shirts, and food labels. With the emergence of portable inkjet printers that offer a wide range of colours and print system flexibility, their applications are spreading globally.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Types (Solid Inkjet, Liquid Inkjet), Application (Commercial Use, Home Use)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Videojet Technologies, Inc. (US), Pannier Corporation (US), Canon Singapore Pte. Ltd. (Singapore), HP Development Company, L.P. (US), Xerox Corporation (US), Brother Industries, Ltd. (Japan), KEYENCE CORPORATION (Japan), Konica Minolta Business Solutions India Private Limited (India), Seiko Epson Corporation (Japan), Lexmark International, Inc. (US), Hitachi Industrial Equipment Systems Co.,Ltd. (Japan), Hewlett Packard Enterprise Development LP (US), Domino Printing Sciences plc (UK), Domino Printing Sciences plc (UK), Dell (UK)
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Market Opportunities
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Inkjet Printers Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in the adoption of digital printing
The popularity of digital printing, which produces less waste and uses fewer chemicals and materials, is growing in response to a considerable need for cost reduction. This is one of the major elements driving the market for inkjet printers forward.
Furthermore, increasing level of disposable income and growing urbanization will drive market value growth. The market is being fueled by the growing adoption of big data and the internet of things (IoT) and the increasing use of inkjet printers in the food and beverage industry for packaging applications. The automotive and aviation industries are expected to boost their use of inkjet printers as a result of the increasing trend of sustainable printing.
Opportunities
- Rise in the prevalence of hybrid printing
Hybrid printing using inkjet printers is one of the most recent printing technologies that is projected to see a lot of growth in the next years since it allows for more work to be done in less time and at a lower cost.
Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market's growth rate. The surging technological advancement will boost new market opportunities for the market's growth rate.
Restraints/ Challenges Global Inkjet Printers Market
- Health as well as environment hazards associated with inkjet printers
The health concerns produced by exposure to the chemicals used for printing and the environmental hazards when printing wastes are not properly handled are the primary restraining factors that would negatively impact the growth of the inkjet printers market.
However, the high cost involved in initial investment will hinder the market growth rate of inkjet printers. The negative impact of COVID-19 outbreak on supply chain will act as market restraint and further challenge the market growth rate.
This inkjet printers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the inkjet printers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Inkjet Printers Market
Over the last 18 months, almost every industry on the planet has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations, resulting from multiple precautionary lockdowns and other limitations imposed by governments all over the world. The inkjet printers market is no exception. Furthermore, consumer preferences has decreased as people are now much more concentrated on removing non-essential expenses from their budgets as the wider economic situation of most people has been adversely impacted by this outbreak. Over the forecast period, the aforementioned factors are likely to have a negative impact on the inkjet printers market's revenue trajectory.
Global Inkjet Printers Market Scope
The inkjet printers market is segmented on the basis of types and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Solid Inkjet
- Liquid Inkjet
On the basis of types, the inkjet printers market is segmented into solid inkjet and liquid inkjet.
Application
- Commercial Use
- Home Use
The inkjet printers market is also segmented on the basis of application into commercial use and home use.
Inkjet Printers Market Regional Analysis/Insights
The inkjet printers market is analysed and market size insights and trends are provided by country, types and application as referenced above.
The countries covered in the inkjet printers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the inkjet printers market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players in this region.
During the projected period, Asia-Pacific is expected to be the fastest developing region due to the substantial opportunities for low manufacturing and labor costs.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Inkjet Printers Market Share Analysis
The inkjet printers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to inkjet printers market.
Some of the major players operating in the inkjet printers market are:
- Videojet Technologies, Inc. (US)
- Pannier Corporation (US)
- Canon Singapore Pte. Ltd. (Singapore)
- HP Development Company, L.P. (US)
- Xerox Corporation (US)
- Brother Industries, Ltd. (Japan)
- KEYENCE CORPORATION (Japan)
- Konica Minolta Business Solutions India Private Limited (India)
- Seiko Epson Corporation (Japan)
- Lexmark International, Inc. (US)
- Hitachi Industrial Equipment Systems Co.,Ltd. (Japan)
- Hewlett Packard Enterprise Development LP (US)
- Domino Printing Sciences plc (UK)
- Dell (UK)
Research Methodology : Global Inkjet Printers Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts
https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-inkjet-printers-market
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