Production Printers Global Market Report 2024

The production printers market size has grown strongly in recent years. It will grow from $6.69 billion in 2023 to $7.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed during the historic period can be attributed to several factors. These include the cost-effectiveness of production printers, a rising demand for personalized printing solutions, continuous technological advancements in the field, the expansion of digital printing capabilities, and the widening array of applications for production printing.

The production printers market size is expected to see strong growth in the next few years. It will grow to $9.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The forecasted growth is driven by sustainability efforts, IoT and cloud integration, additive manufacturing, hybrid printing solutions, and high-speed production demands. Major trends include UV-curable inks, on-demand printing, automation, textile printing expansion, and 3D printing in prototyping and manufacturing.

The burgeoning demand for e-commerce is poised to propel growth within the production printers market in the foreseeable future. E-commerce, denoting the trade of goods and services via electronic channels such as the Internet, is witnessing a surge propelled by advancements in technology, evolving consumer preferences, and global economic dynamics. In this landscape, production printers play a pivotal role by facilitating efficient printing operations, personalized client experiences, and adaptable marketing strategies, all of which are integral to the expansion and success of e-commerce enterprises. Particularly, e-commerce firms often necessitate on-demand printing solutions to meet custom orders and produce goods tailored to individual customer specifications. Production printers enable the on-demand printing of personalized items such as apparel, accessories, and promotional merchandise, empowering businesses to offer customized options without the burden of maintaining large inventory stockpiles. For instance, data from the International Trade Administration, a US-based government agency, projected that retail e-commerce sales in Canada would soar to US$40.3 billion by 2025, up from US$2.34 billion in March 2022, underscoring the pivotal role of growing e-commerce demand in driving the growth of the production printers market.

Leading players in the production printers market are channeling efforts toward the development of innovative technologies within the latex range, exemplified by offerings such as the HP Latex 630 printer, to fortify their market positions. The HP Latex 630 printer is a cutting-edge device that utilizes a line of products or materials formulated or produced using latex. For instance, HP Inc., a US-based technology titan, unveiled the HP Latex 630 printer series in September 2023. Distinguished by its white ink capabilities, this printer series offers various white print modes with different densities to achieve diverse opacity levels, from spot to 3-layer printing with up to 260% white ink density. Additionally, the series underscores sustainability, with HP Latex inks comprising up to 65% water, designed to mitigate hazards associated with UV printing while delivering outstanding health and safety performance.

In January 2023, Xerox Holdings Corporation, a US-based provider of print and digital document solutions, completed the acquisition of Advanced UK, marking a strategic move to broaden its customer base across diverse industries. Through this undisclosed acquisition, Xerox aims to extend its market presence and cater to a wider array of clients, including those in transportation, healthcare, manufacturing, retail, finance, and construction sectors. Advance UK, a reputable Xerox platinum partner based in the UK, specializes in offering hardware and managed print services, aligning seamlessly with Xerox's strategic objectives.

Major companies operating in the production printers market are Hewlett-Packard Development Company LP, Canon Inc., Fujifilm Holdings Corporation, Sharp Corp., KYOCERA Corp., Konica Minolta Inc., Xerox Corporation, SCREEN Holdings Co. Ltd., Heidelberger Druckmaschinen AG, Bobst Group SA, Agfa-Gevaert Group, Koenig & Bauer AG, Eastman Kodak Company, Komori Corporation, Goss International Corporation, RISO Kagaku Corporation, Roland DG Corporation, Domino Printing Sciences plc, EFI Electronics, Presstek LLC, Durst Group, MGI Digital Technology, Inca Digital Printers Ltd., Ricoh Company Ltd., Miyakoshi Printing Machinery Co. Ltd.

North America was the largest region in the production printers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the production printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the production printers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Production printers are high-speed printing machines tailored for large-volume printing tasks in commercial and industrial environments. These printers are engineered to manage substantial workloads efficiently and come equipped with advanced features including rapid printing speeds, ample paper capacities, improved color management, and a range of finishing options such as binding, folding, and stapling.

The primary types of production printers in the market include monochrome and color variants. Monochrome production printers utilize only black ink or toner, resulting in documents with grayscale shades. Various production methods such as cut feed and continuous feed are employed, utilizing technologies such as inkjet and toner. These printers find applications across diverse sectors including commercial printing, publishing, labels and packaging, among others.

The production printers market research report is one of a series of new reports that provides production printers market statistics, including the production printers industry global market size, regional shares, competitors with a production printers market share, detailed production printers market segments, market trends and opportunities, and any further data you may need to thrive in the production printers industry. This production printers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The production printers market consist of revenues earned by entities providing services such as printing, photocopying, and binding for commercial and industrial purposes. The market value includes the value of related goods sold by the service provider or included within the service offering. The production printer market also includes sales of high-capacity printing equipment and related consumables, such as ink cartridges, toners, and wide-format printers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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