Press release
Demand For Digital Printer Market From Key Use Sectors To Surge In Near Future : Fact.MR
A market research and competitive intelligence provider called Fact.MR states that the global Digital printer market would be worth US$ 24.65 Bn in 2022 and have a CAGR of 6.3% between 2022 and 2032. Fact.MR emphasizes that with growing usage of printing in several applications, the digital printer market is expected to witness revolution in the form of increased speed and precision.With digitization taking over, the digital printers market is expected to grow on an impertinent note in the forecast period. Also, the fact that digital cameras are being used in an aplomb can't be ignored. The textile industry is also into digital prints. These factors are also helping in catalyzing the digital printer market.
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Key Segments Covered in Digital Printer Industry Research
Digital Printer Market by Product Type :
Inkjet Printers
Laser Printers
Digital Printer Market by Ink Type :
Aqueous Inks
Solvent Inks
UV-curable Inks
Dye Sublimation Inks
Latex Inks
Others
Digital Printer Market by Region :
North America
Latin America
Europe
APAC
MEA
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Key Takeaways from Market Study
• North America accounts for 32.7% of the digital printer market and the market scenario is expected to remain the same even going forward.
• Europe holds the second-largest market share - 29.6%.
• Digital fabric printing technology is expected to dominate the digital printer market in the years to come.
• Sustainable packaging to take the digital screen printing market by storm in the forecast period.
• The global digital printer market is likely to reach US$ 45.41 Bn by the year 2032.
Market Developments
Digital fabric printing technology is the latest trend and does have a broad scope of advancement and enhancement. The market players are into exploration this to make a mark in the digital printer market.
• Kornit Digital Ltd. made its exclusive fabric printing technologies available to fashion designers, so as to make way for novel collections. Apollo DTG (direct-to-garment) system was used by designers - Nataf Hirschberg and Yanky Golian for printing blended color gradients on the garments.
• Canon, in 2021, did announce acquiring Redlen Technologies (Canada). This acquisition led them to lay their hands on the latter's advanced radiation detection technologies and AI-imaging technology.
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