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.
The printing machinery market encompasses a wide range of equipment used in the printing industry, catering to the diverse needs of businesses and individuals alike. From small-scale printers to large-scale industrial machines, the market offers a plethora of options designed to meet specific requirements. The global printing machinery market has witnessed remarkable growth in recent years, driven by factors such as technological advancements, increasing demand for packaging and labeling materials, and the rise of digital printing.
Brazil’s printing machines sector grew by 6.1% year over year in 2022 despite initial apprehension about the market’s performance during the global pandemic. Global sales of printing equipment in Latin America are expected to reach US$ 2.0 billion in 2026. The growing demand for plastic substrate has led to a rise in revenue for the global printing machinery business. It is predicted to grow at a pace of 6.3% between 2022 and 2026 as opposed to the 5.1% CAGR seen between 2022 and 2026.
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Key Factors Driving the Growth of the Printing Machinery Market
The Printing Machinery Market has experienced substantial growth due to several key factors, including:
1. Technological Advancements: Embracing Innovation
Technological advancements have revolutionized the printing industry, leading to the development of highly efficient and sophisticated printing machinery. Innovations such as digital printing, 3D printing, and automated processes have significantly improved the speed, quality, and versatility of printing machinery, catering to a wide array of applications.
2. Rising Demand for Packaging Materials
With the rapid expansion of e-commerce and the global retail industry, the demand for packaging materials has surged. Printing machinery plays a vital role in the production of various packaging materials, including cartons, labels, and flexible packaging. As businesses strive to enhance their branding and product presentation, the need for advanced printing machinery continues to grow.
3. Shift Towards Digital Printing
The advent of digital printing has transformed the printing landscape, offering numerous advantages over traditional printing methods. Digital printing eliminates the need for costly setup processes, enables faster turnaround times, and allows for greater customization. These benefits have led to a widespread adoption of digital printing, driving the demand for digital printing machinery.
4. Growing Significance of 3D Printing
The rise of 3D printing technology has opened up new horizons in the printing industry. From manufacturing prototypes to creating intricate designs, 3D printing has gained immense popularity across various sectors. As 3D printing technology continues to advance, the demand for specialized 3D printing machinery is expected to witness substantial growth.
5. Increasing Environmental Concerns
In today’s environmentally conscious world, there is a growing emphasis on sustainable practices across industries. The printing industry is no exception, with a rising demand for eco-friendly printing solutions. Printing machinery manufacturers are focusing on developing energy-efficient and environmentally friendly machines to meet these demands.
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.
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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.
Current Market Trends: Unveiling the Shifting Dynamics
The printing machinery market is characterized by several prominent trends that are shaping its landscape. Understanding these trends is crucial for businesses and individuals operating in the industry. Let’s explore some of the key trends:
1. Integration of IoT and AI in Printing Machinery
The integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies has revolutionized the printing machinery sector. IoT-enabled printers allow for remote monitoring, predictive maintenance, and real-time data analysis, improving overall operational efficiency. AI-powered features such as image recognition and automated workflows streamline printing processes, enhancing productivity.
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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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