Printing Machine Market Driving Success:The Role of Key Players in Shaping Market Demand and Forecasts 2030 | Advanced Vision Technology Ltd., Agfa Graphics, Bobst

Printing machines are used for printing text, images or designs on different substrates like paper, plastic, metal and fabrics. They are widely used in publishing houses, packaging industry and graphic arts for bulk printing needs.

Market Dynamics:

The printing machine market is expected to grow owing to rising graphic arts industry worldwide and growing demand for digital and flexographic printing machines. According to statistics, graphic arts industry globally witnessed a growth of over 5% during 2018-2020 due to increasing commercial printing needs from various end user industries like publishing, packaging and textiles. Digital printing machines are gaining popularity due to advantages like on-demand printing, variable data printing and cost effectiveness for short run jobs. Meanwhile, flexographic printing machines are widely used for printing on corrugated boxes, folding cartons and flexible packaging. Over 50% of total packaging printing needs worldwide are fulfilled using flexographic printing machines.

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Printing Machine Market Drivers

Growing demand for packaged and labeled goods

The demand for various packaged and labelled goods has increased significantly over the past few years. This has pushed manufacturers to ramp up production which in turn has increased the demand for various printing machines used for packaging and labelling. Printing machines allow for quick and efficient printing of product information, ingredients, nutritional facts, barcode, images etc directly onto the packaging or labels. This helps manufacturers meet stringent regulatory standards as well as enhance product visibility and branding. Various end-use industries such as food & beverage, pharmaceuticals, consumer goods etc rely heavily on printing machines to package their products.

Integration of advanced technologies in printing machines

Manufacturers are integrating various advanced technologies such as IoT, AI, predictive maintenance etc into printing machines to enhance their capabilities. For example, printers equipped with IoT send real-time production and performance data to the cloud for remote monitoring and predictive maintenance. This helps reduce downtime. Many machines now have integrated AI and computer vision technologies to enable features like auto recognition of defects, automated changeovers etc improving productivity and quality. Advanced printing techniques like multi-substrate printing allow machines to print on different materials like plastic, glass, metal etc expanding their application scope. Such technological enhancements are driving the demand for latest generation of printing machines.

Key Company Profiles:

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.

Market segmentation:

By Product Type:
Offset Lithography
Flexography
Digital Printing
Gravure
Screen Printing

By End User:
Commercial
Publication
Packaging

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This Report lets you identify the opportunities in Printing Machine Market by means of a region:

⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)

Printing Machine Market Restrain

High initial investment costs
Printing machines particularly those used for applications such as flexography, rotogravure, digital printing etc involve significant initial capital expenditures running into multiple millions depending on the scale and automation. For SMEs and start-ups, such high capital requirements pose a major barrier to purchase of new advanced printing machines limiting their growth. Even for large established companies, heavy investments deter frequent equipment upgrades pushing back demand. The high costs are associated with various machine components like printing units, dryers, chill rolls, inspection system etc and their integration. Financing options are also limited distorting the demand-supply dynamics in the market.

Printing Machine Market Opportunity

Growth in e-commerce industry
The robust growth of e-commerce industry worldwide is opening up massive opportunities for printing machine manufacturers. Online retailers heavily rely on labels, tags, flexible packaging printed with product information, barcodes etc for order fulfillment. With increasing penetration of internet and rise of omni-channel retail, e-commerce sales are projected to further surge in the coming years. This will exponentially increase the demand for various printing machines from fulfillment centers, packaging factories to print billions of labels annually for packages. It is also generating needs for specialty machines capable of printing on irregular substrates like envelopes at high speeds. Overall, the thriving e-commerce sector presents a lucrative avenue for printing machine suppliers globally.

Printing Machine Market Trend

Shift towards subscription-based models
Leading printing machine manufacturers are shifting from outright equipment sales model towards subscription-based models. Under these models, instead of buying the machine, customers pay a periodic subscription fee for using the equipment along with consumables, maintenance services, software upgrades and tech support. For instance, subscription may include unlimited print volumes, on-demand service visits with 2-hour response time, unlimited remote support. This offers flexibility to customers while providing recurring revenues to suppliers. It is gaining popularity as it removes risks of high upfront costs and obsolete equipment for customers. Going forward, more players are likely to adopt hybrid sales approaches combining subscriptions and equipment transactions.

Key questions answered in the report include:

ᗒ How Printing Machine Market industry market will boom in 2023?

ᗒ which are prominent key players will be growing the market?

ᗒ Which enterprise size accounted for the largest data center colocation market share?

ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2023-2030)?

ᗒ What is the primary factor contributing to the growth of the market?

ᗒ Which region held the largest market share in the market?

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