Future Market Insights’ exclusive study on the global printing machines market delivers a forecast on how the demand for printing machines will shape up in the years to come. According to the research study, the global market for printing machines will be worth over US$ 25 Bn by the end of the forecast period, 2017-2026. During this period, the market is poised to expand at a moderate CAGR of 4.1% as a range of factors are likely to restrain the production and sales of printing machines.
The market for printing machinery is predicted to grow at a CAGR of 4.3% from 2022 to 2026, from a value of USD 21.8 billion in 2022 to USD 25.7 billion in 2026. Global sales of printing machines are expected to increase at a CAGR of 4.3% between 2022 and 2026, according to Future Market Insights.
Despite initial uncertainty on the market’s performance during the global pandemic, the Brazil printing machines sector expanded by 6.1% year over year in 2022. In 2026, it is predicted that overall Latin American sales of printing equipment will amount to US$ 2.0 billion. The global printing machinery industry’s income has increased because to the rising demand for plastic substrate. Compared to the 5.1% CAGR observed between 2022 and 2026, it is anticipated to increase at a rate of 6.3% between 2022 and 2026.
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One of the key restraints for the global printing machines market is the stringent environmental laws. Manufacturers of printing machines are compelled to modify their production techniques and create machines that can optimize the use of printing inks. Since these inks contain VOCs, strict environmental laws are curbing the commercialization of machines that aren’t able to optimize the use of printing inks. In addition, the report also projects that increasing penetration of electronic devices will lower the need for printing, and ultimately limit the demand for printing machines in the near future.
Printed hoardings on streets will be replaced by digital signage, and consumers will gradually shift to print-free media. Leading manufacturers of printing machines, which are the key stakeholders in the global printing machines market, will face the brunt of the changing dynamics as such. The study reveals that companies namely, Agfa-Gevaert Group, Océ Imagistics, Inc., Bobst Group SA, Fujifilm Holdings Corporation, Heidelberger Druckmaschinen AG, Hewlett Packard Enterprise Company, Koenig & Bauer AG, Komori Corporation, Apex Machine Company Inc., and Cerutti Group will remain active in the expansion of the global printing machines market through 2026.
High Demand for Offset Lithography Printing Machines
A majority of key players in the global printing machines market are focusing on increasing the production of offset lithography printers. Competitive advantage of offset lithography when compared to digital printing techniques and flexography will continue to drive the demand for such machines. By the end of 2026, over US$ 12.7 Bn worth of offset lithography printing machines are expected to be sold across the globe. Digital printing machines, on the other hand, will register a CAGR of 5.4%, reflecting fastest sales during the forecast period.
APEJ and North America – Leading Markets for Printing Machines
Regional analysis and forecast, developed in the study, projects that the printing machines market in North America and Asia-Pacific excluding Japan (APEJ) region will register impressive growth. By 2017-end, the printing machines markets in these regions are expected to be worth over US$ 4 Bn individually. North America is anticipated to record higher sales of printing machines due to booming packaging businesses in the US and Canada, while the APEJ printing machines market will be characterized by mass-scale production of printing machines at affordable costs.
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Global Printing Machines Market: Additional Forecast Highlights
The report has further revealed that:
- In 2017, paper and paperboard will be the leading type of substrate used in printing machines. Revenues procured from sales of paper and paperboard substrates for printing machines is estimated to net over US$ 8 Bn in global revenues by the end of 2017.
- Packaging is expected to be the leading end-use industry for printing machines, accounting for nearly half of the global market value in 2017 and beyond.
- Throughout the forecast period, printing machines will be predominantly used in packaging and labelling applications.
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