Production Printers Market Statistics, Forecast And Analysis 2024-2033

The new report published by The Business Research Company, titled ""Production Printers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the production printers market size has grown strongly in recent years. It will grow from $6.69 billion in 2023 to $7.10 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The production printers market size is expected to see strong growth in the next few years. It will grow to $9.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.

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E-commerce Growth Fueling Demand For Production Printers
Growing demand for e-commerce is expected to propel the growth of the production printers market going forward. E-commerce refers to trading goods and services through the Internet or other electronic channels. E-commerce is experiencing growth due to technological advancements, changing consumer behaviors, and global economic trends. Production printers facilitate effective printing operations, customized client experiences, and flexible marketing techniques, all essential to the expansion and prosperity of e-commerce enterprises. E-commerce companies often require on-demand printing solutions to fulfill custom orders and print products according to customer specifications. Production printers enable on-demand printing of personalized products such as apparel, accessories, and promotional items, allowing businesses to offer customized options to their customers without the need for large inventory stockpiles. For instance, in April 2024, according to the International Trade Administration, a US-based government agency, retail e-commerce sales in Canada were projected to reach US$40.3 billion by 2025, up from US$2.34 billion in March 2022. Therefore, the growing demand for e-commerce will drive the growth of the production printers market.

Companies Innovating With Latex Printing Technologies To Gain Competitive Edge
Major companies operating in the production printers market are focused on developing innovative technologies with the latex range, such as the HP Latex 630 printer, to strengthen their position in the market. The HP Latex 630 printer is an innovative printer that uses a line of products or materials formulated or produced using latex. For instance, in September 2023, HP Inc., a US-based technology company, launched the HP Latex 630 printer series. This printer series stands out for its white ink capabilities. It offers different white print modes at varying densities to achieve various opacity levels, from spot to 3-layer printing with up to 260% white ink density. This printer series also emphasizes sustainability, with HP Latex inks made of up to 65% water, designed to avoid hazards associated with UV printing and provide outstanding health and safety performance.

The production printers market covered in this report is segmented -

1) By Type: Monochrome, Color
2) By Production Method: Cut Feed, Continuous Feed
3) By Technology: Inkjet, Toner
3) By Application: Commercial, Publishing, Labels and Package, Other Applications

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Major companies operating in the production printers market are Hewlett-Packard Development Company LP, Canon Inc., Fujifilm Holdings Corporation, Sharp Corp., KYOCERA Corp., Konica Minolta Inc., Xerox Corporation, SCREEN Holdings Co. Ltd., Heidelberger Druckmaschinen AG, Bobst Group SA, Agfa-Gevaert Group, Koenig & Bauer AG, Eastman Kodak Company, Komori Corporation, Goss International Corporation, RISO Kagaku Corporation, Roland DG Corporation, Domino Printing Sciences plc, EFI Electronics, Presstek LLC, Durst Group, MGI Digital Technology, Inca Digital Printers Ltd., Ricoh Company Ltd., Miyakoshi Printing Machinery Co. Ltd

Contents of the report:
1. Executive Summary
2. Production Printers Market Report Structure
3. Production Printers Market Trends And Strategies
4. Production Printers Market - Macro Economic Scenario
5. Production Printers Market Size And Growth
…..
27. Production Printers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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