Printing Machine Market Size, Status, Top Players, Trends and Forecast to 2026
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The development of printing machines has made for printing of books, newspapers, magazines, and other such reading materials in huge numbers. Printing plays an important role in the promotion of literature. For instance, according to World Association of Newspapers and News Publishers (WAN-IFRA) 2017 facts report, it is estimated that daily 2.7 billion of the world’s population around the world reads a newspaper in printed format. Growing packaging industry and increasing demand for advance graphics in packaging industry are major driving factors for growth of the printing machine market, globally.
Offset printing process used in majority of the printing applications is driving the printing machine market growth
The offset printing process is the most common form of printing method used for many applications such as book notes, packaging, marketing material etc. If anything needs to be printed it can be done with the help Offset Printing. This printing technique is used for newspapers, books, legal forms, and documents, magazines, brochures, business cards, letterhead, catalogues, booklets, business forms, flyers, brochures, calendars, invitations, packaging industry, and much more. Offset printing process is often used in combination with lithographic printing. In offset-lithography, the paper does not come into direct contact with the printing plate. Instead, the image is transferred to a rubber roller. The process produces prints with rich, smooth solids without the streaking found in lesser quality prints. This printing method is very suitable for print media. Thus, offset printing is more widely used for printing purpose and hence it is expected that market for offset lithography printers will be majorly driven by growth in the printed media sector.
Majority of the population worldwide is indulging in reading activities on a daily basis such as newspaper, magazines, books or comics. Although these forms of reading materials are widely used by many people, the growth of digitalization is likely to impact the growth of print machine market. For instance, according to World Association of Newspapers and News Publishers (WAN-IFRA) 2017 facts report, digital advertising revenue reached to US$ 9588 million in 2016, up from US$ 9110 million in 2015, observing an increase of 32 percent in past five years. This increases the challenges faced by publishers. Increasing penetration of digital data or reading materials such as subscribing to online news websites, e-books etc. is likely to hamper growth of the printing market.
Printing Machine Market: Regional Insight
On the basis of region, the printing machine market is segmented in to North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa.
Asia Pacific is the major contributor in the Printing machine market growth, owing to growing print markets in this region. In 2016, daily print newspaper circulation in Asia increased by 8.80 percent over one year and 40.10 percent over five years’ time span. Moreover, according to the March 2017, updates by India Brand Equity Foundation (IBEF), in India print media contributes to a significant portion of the total advertising revenue, accounting for almost 41.2%. Thus, increasing adoption of printed media in Asia Pacific region is propelling demand for printing machine market, which in turn is expected to account for considerable market share throughout the forecast period.
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Printing Machine Market: Competitive Insight
Some of the key players operating in the printing machine market are Advanced Vision Technology Ltd., Agfa Graphics, Bobst, Dover Corp., Eastman Kodak Company Goss International Americas, LLC. MITSUBISHI Heavy Industries LTD., MINO Group Co. LTD., MISHIMA Co. LTD., and Sakurai Graphics Systems Corporation.
Printing Machine Market: Taxonomy
By Product Type:
• Offset Lithography
• Digital Printing
• Screen Printing
By End User:
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