Market Research Report
Global Printing Machine Market - 2021-2028
|Global Printing Machine Market - 2021-2028|
Published: August 12, 2021
Content info: 180 Pages
Delivery time: 2 business days
Printing Machine Market Overview
The printing machine market size was worth US$ XX billion in 2018 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
The printing machine utilizes different printing techniques and processes printing ink on the substrate such as cloth, paper or plastic, or metal. The printing machine is available in various types such as ink-jet printers, screen printers, embossing machines, flexographic printing machines, letterpress printing machines, offset printers, laser printers, wireless printers, 3D printers based on the end-users demand. Te upcoming developments like the use of cloud systems and artificial intelligence are driving the market demand.
Printing machine is offered in automatic, semi-automatic and manual variants with various sizes to suit different needs. The inks used in the printing machines include latex, aqueous, UV curable and solvent inks.
Printing Machine Market Dynamics
The global printing machine market growth is driven by rapid technological advancement in the sector and the increasing popularity of 3-D printing among industries.
The rapid technological advancement in the sector is expected to drive the demand for the printing machine market
The printing machine market is expected to drive with rapid technological advancement in the sector. The printing market has been developing rapidly in terms of technological advancements with changing established methods. The competitive landscape has encouraged both large and small print businesses to shift to the latest developments in terms of software and machine features. Technologies such as artificial intelligence, 3D printing and big data analytics are trending in the market, resulting in lower operating costs, more profit and higher productivity. At present, automatic printing machine process are also on upgradation to put into production more effectively. Some of the examples include, HP Inc. has expanded the HP+ printing system for consumers and small businesses in 2021. The company has powered the system with a new cloud-based ecosystem for more secure, productive, and sustainable printing solutions.
The growing digital engagemnt for reading materials, online news, educational websites and e-books is likely to hinder the market growth
The printing machine market is impacted by the growing digital engagemnt for reading materials, online news, educational websites and e-books, threatening the printing market. According to the Bureau of Labor Statistics, employment in the printing and related activities industry is expected to decline by 19% between 2019 and 2029.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the printing machine industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market. The losses are incorporated with less demand from the textile, publication, automotive and other printing industries. However, the market is expected to recover after the pandemic, with sectors aiming to work with higher production rates to recover from the incorporated losses.
Printing Machine Market Segment Analysis
By operation, the printing machine market is broadly classified into automatic, semi-automatic and manual machines.
The automatic printing machines are expected to grow at the fastest CAGR during the forecast period (2020-2027)
Automatic printing machines are expected to hold the largest market for printing machine market and are expected to continue their dominance in the forecast period. The increasing production rate and advancement in textile, paper and other printing industries create the demand for efficient printing machines with high precision. The automatic printing machine is equipped with a PLC module and touch screen and the machine operation can be automatically controlled according to time and quantity. At present, printing technology is moving to the automation, high-precision system through the printing quality and needs of mass production. In 2019, Massivit upgraded its 1800 Pro 3D printing machine with improved resolution features such as Mega Quality mode, Variable resolution capability and remote monitoring for cost-effective and reliable production and repeatability.
The automatic printing machine is also gaining importance because of rising labour prices by 25% and replacement for this age-old technique. The automatic printing machine offers good color performance and printing adaptability for plastic, metal, sporting goods, and glass products compared to manual machines. Moreover, the screen version of the machine can be adjusted in size, which eliminates the use of a machine-printed screen frame.
Printing Machine Market Geographical Analysis
Asia Pacific region holds the largest market for global printing machine globally
Asia Pacific region holds the largest market share for the printing machine market globally and is expected to continue its dominance in the forecast period. The region leads the market in value and print volume with overall growth. The growth of the textile sector has been one of the primary reasons for market growth. For instance, China has the largest textile producing and exporting country in the world. The country exported clothes, clothing accessories, textile yarns and textile articles with almost 40% market worldwide. China is also one of the biggest forces behind 3D printing growth in automotive, healthcare and other sectors.
The printing machine has also been growing with the ongoing developments from leading market players in the region. In 2021, Yantai Youcheng Printing Equipment Co., Ltd. has launched a 4 color oval screen printing machine with UV drying. The machine can be used for various applications, including thin iron plate, acrylic, PVC film, wood, etc.
In 2020, Epson, India Pvt. Ltd. launched its first-ever industrial level Direct-to-Garment printer SureColor SC-F3030. It is a robust direct-to-garment printer designed for high productivity. In 2020, Sudharshan Machinery expanded its production facilities (1500 sq.m) in Chennai to meet the future production demands. Also, the company has launched their screen printing semi-automatic, single-phase/no compressor screen printing machine Max Print.
Printing Machine Competitive Landscape
The printing machine market is highly competitive with the local player's presence, followed by the global companies, contributing to the significant share in the market growth. In addition, some of the key players contributing to the growth of the market are Yantai Youcheng Printing Equipment Co., Ltd, SLM Solutions, Canon USA Inc, Espon America Inc, Sudharshan Machinery, Hewlett-Packard Company, Xerox Corporation, Agfa-Gevaert, EDELMANN Printing Machines, Systematic Automation Inc, Massivit and others. Furthermore, the major players are adopting various new strategies to dominate the market, such as expansions, acquisitions, and collaborations, contributing to the global growth of the printing machine market.
Espon America, Inc
Overview: Espon America, Inc is a leading manufacturer in the printer, projector, scanner, system devices, and factory automation categories. It is a subsidiary of a Japan-based Seiko Epson Corporation. Epson Group generates annual sales of around US $10 billion.
Product Portfolio: The Company offers a wide range of products including printers & all-in-ones, scanners, projectors & displays, professional imaging, business printers, ecotank printers, smart glasses, point of sale, robots, microdevices and others.
Key Development: In 2021, Epson America, Inc. has expanded the EcoTank line printing solutions to include models designed for creative professionals and home offices. The company has launched EcoTank Photo ET-8500 and EcoTank Photo ET-8550 for cartridge-free printing for scrapbookers, crafters, creatives, graphic designers, and high-volume solution to professional graphics.
The global printing machine market report would provide access to an approx: 77 market data tables, 86 figures and 240 pages.
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