Printing Machines Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Changing Trends in Commercial Printing Techniques Is Driving the Printing Machines Market

Globally, the printing machines market is expected to grow with a CAGR of 4.5% during the forecast period from 2021 to 2029, starting from $20.37 Bn in 2020. Globally, the requirements of commercial printing are changing as several print service providers are seeking for new ways to stand out in the competitive industry. Factors such as technological advancements, digital advances of the machines, emergence of improved software and mechanized tools and penetration of automation in the industry are the primary factors driving the growth of printing machines market. Additionally, increasing investments in development of machinery that would help reduce the number of production cycles, and provide better color production is also fuelling the growth of this market.

Moreover, changing printing requirements in the packaging industry, growing need to reduce the cost of maintenance, and increasing need to relate to the growing digital channels are contributing to the increasing market of printing machines. However, varied costs of the machines and constant up-gradation in the machine technology are some of the factors likely to hinder the market growth during the forecast period. Furthermore, as the market is becoming increasingly competitive, the key players are seeking for new opportunities that would help them enhance their revenue and provide variety of advanced and high-quality products.

Offset Lithography to Dominate the Printing Machines Market

On the basis of products, the printing machines market is segmented into offset lithography, flexography, gravure, letterpress, digital and others. The offset lithography segment dominated the overall printing machines market by holding a largest market share and generating a revenue of around $9.50 Bn in 2020. As offset lithography machines are more economical, they are highly adopted across industries. These machines makes the printing surface ink-adsorbent and saves the additional maintenance cost. These machines also provide high image quality, and also types more easily compared to other printing machines.

Asia-Pacific to Witness a Significant Growth in the Printing Machines Market

The Asia-Pacific region is likely to witness a significant growth of over 7.5% during the forecast period. Increasing demand for advanced printing machines in emerging economies such as India and China is the primary factor fueling the growth of this market. Additionally, strategic collaborations and expansions of international players with the local manufacturers are also contributing to the growth of printing machines market in this regional segment. Furthermore, increasing awareness of advanced printing technologies, growing investments in new ways of packaging printing, and government regulations propelling the printing machine manufactures to enhance the use of inks comprising VOCs are some additional factors driving the growth of this market in Asia-Pacific.

The prominent players in the printing machines market are Bobst, Agfa, Canon, Goss International, Fujifilm, Heidelberg, KBA, HP, Xerox, Kodak, Konica Minolta, Komori, Ricoh, and Cerutti SpA.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The printing machines market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global printing machines market based on product, application and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS Research Period 2019-2029 Base Year 2020 Forecast Period 2021-2029 Historical Year 2019 Unit USD Billion Segmentation

Product Segment (2019-2029; US$ Bn)

• Offset Lithography
• Flexography
• Gravure
• Letterpress
• Digital
• Others

Application Segment (2019-2029; US$ Bn)

• Clothing/Garment
• Paper
• Display & others
• Technical textiles
• Others

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of printing machines in 2020 and forecast up to 2029?
• Which is the largest regional market for offset lithography?
• What are the major trends followed in printing machines market across different regions?
• Who are the key companies in the printing machines market?
• What are the key strategies adopted by the leading printing machines companies in market?

Unique data points of this report

• Statistics on adoption of printing machines and spending worldwide
• Recent trends across different regions in terms of adoption of printing machines across industries
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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