The market for commercial printers is expected to reach a valuation of USD 789.5 million in 2022. The market for commercial printers is expected to grow at a slow compound annual growth rate (CAGR) of 2.3% to reach USD 987.9 million in 2032.
The commercial printer market is one of the sectors with the fastest development because of the growing integration of commercial printers into office infrastructure and their adaptation in the printing industry. The worldwide digitalization of many industries is another factor driving the growth of the commercial printer market. The need for skilled printers has increased due to the widespread use of digital printing, which boosts productivity.
The commercial printer market refers to the market for printing equipment and services used by businesses and organizations for various purposes such as marketing materials, labels, packaging, and transactional documents. The market includes a wide range of printing technologies such as offset, digital, flexography, and gravure, as well as a variety of printing substrates and inks.
The commercial printer market is highly competitive and includes both large multinational corporations and smaller local printers. Major players in the market include HP, Canon, Xerox, Konica Minolta, and Ricoh, as well as a range of smaller players and startups. The market is also characterized by a growing number of print-on-demand and web-to-print services, which allow businesses to order custom-printed materials online and have them produced and delivered quickly.
One of the key drivers of the commercial printer market is the continued demand for printed marketing materials such as brochures, flyers, and catalogs, despite the growth of digital marketing channels. Printed materials can be highly effective in reaching certain audiences and can provide a tactile and engaging experience that cannot be replicated by digital media.
The commercial printer market is also being influenced by advancements in digital printing technology. Digital printing allows for greater customization and personalization of printed materials, as well as faster turnaround times and lower costs for short runs. As digital printing technology continues to improve, it is expected to become an even more important part of the commercial printer market.
Recent mergers and product launches:
- In order to provide heavy-duty printing, Honeywell International, a U.S.-based maker of commercial and consumer products, developed a new Professional Printer called the “PM42” in August 2016.
- In order to compete in the market for copy machines, American technology corporation HP Inc. announced in September 2016 that it would pay $1.05 billion to buy Samsung’s printer division.
Key players:
- Canon
- HP Inc
- Seiko Epson
- Brother Industries
- Kyocera
- Lexmark
- Fujitsu
- Ricoh
- Apple Inc
- Honeywell International
- Xerox
Key segments
By Technology:
- Professional Inkjet Printers
- Professional Laser Printers
By Product Type:
- Professional Desktop Printer
- Professional Commercial Printers
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