Printing Machinery And Equipment Market Size, Share And Growth Report Analysis2024 To 2033

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.

Market Overview -
The printing machinery and equipment refer to printing and bookbinding machinery and equipment used in printing ink on the printing medium, which can be cloth, paper or plastic.

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E-Commerce Expansion Fuels Printing Machinery Market Growth For Enhanced Branding And Customization
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.

Competitive Landscape -
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

The Evolution Of 3D Printing Machinery Drives Market Leadership
Major companies operating in the printing machinery and equipment market are focused on developing advanced machinery, such as 3D printing machines, to enhance their product offerings and gain market leadership. A 3D printing machine is a device that creates three-dimensional objects by depositing successive layers of material, often in the form of plastic, metal, resin, or other materials. For instance, in June 2023, Schaeffler Special Machinery, a Germany-based manufacturer specializing in customer-specific machinery and systems, introduced cutting-edge multi-material 3D printing systems. This groundbreaking approach for producing highly precise 3D-printed parts involves merging metals and ceramics, enabling customers to utilize inventive material combinations, incorporate novel functionalities into components and tools, and achieve greater design flexibility for their products and tools.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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