Printing Machinery And Equipment Global Market Report 2024

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Printing Machinery And Equipment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The printing machinery and equipment market size has grown strongly in recent years. It will grow from $56.92 billion in 2023 to $61.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to demand for print media, globalization and international trade, educational printing needs, regulatory printing requirements, advertising and marketing needs.

The printing machinery and equipment market size is expected to see strong growth in the next few years. It will grow to $83.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to digital transformation in printing, sustainability and green printing, growth in textile printing, printed electronics industr, packaging industry evolution. Major trends in the forecast period include digital printing, augmented reality (ar) in printing, 3d printing integration, packaging printing, hybrid printing solutions, print automation and workflow solutions.

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Key Market Players:
Major companies operating in the printing machinery and equipment market report are Konica Minolta Inc., Canon Inc., Fujifilm Corporation, Ricoh Group, Dover Corporation, Xerox Corporation, Landa Corporation, Barry-Wehmiller, Heidelberger Druckmaschinen AG, Clover Technologies Group LLC, Heidelberg USA Inc., Agfa-Gevaert NV, Bobst, Eastman Kodak Co., Windmoller & Holscher, Komori Corporation, 3D Systems Corporation, Koenig & Bauer AG, Mark Andy Inc., SPGPrints B.V., Desktop Metal, Weber Packaging Solutions, M & R Sales & Service Inc., Carbon Inc., AstroNova Inc., Comexi Group, Divergent 3D, Rotatek Printing Machinery, 3D Fortify, Fast Radius

Market Drivers:
The expansion of e-commerce is expected to propel the growth of the printing machinery and equipment market going forward. E-commerce refers to the buying and selling of goods and services over the internet. The rising demand for customized packaging, branded materials, and on-demand printing in e-commerce businesses fuels the need for high-quality, quick-turnaround digital printing machinery to enhance brand visibility and customer experiences. For instance, in February 2023, according to a report published by the U.S. Census Bureau, a US-based division of the Department of Commerce, in the fourth quarter of 2022, the estimated retail e-commerce sales in the United States reached $299.1 billion, indicating a 4.1% growth from the previous quarter. The fourth quarter of 2022 also reported a 6.2% increase in e-commerce sales compared to the same period in 2021. Notably, e-commerce sales accounted for 16.0% of total sales in the fourth quarter of 2022. Therefore, the rise in e-commerce is driving the growth of the printing machinery and equipment market.

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The printing machinery and equipment market covered in this report is segmented -
1) By Type: Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery And Equipment, Other Printing Machinery And Equipment
2) By Capacity: Small, Medium, Large
3) By Operation: Autonomous, Semi-autonomous, Manual
4) By End Use: Packaging, Publication, Other End Uses

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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