Press release
Key Production Printers Market Trend for 2025-2034: Companies Innovating With Latex Printing Technologies To Gain Competitive Edge
Production Printers Market
The production printers market has experienced strong growth in recent years. It will grow from $7.1 billion in 2024 to $7.58 billion in 2025, at a CAGR of 6.8%. This growth is driven by cost-effectiveness, increasing demand for personalized printing, technological advancements, the growth of digital printing, and expanding applications.
The production printers market is projected to grow steadily, reaching $9.72 billion by 2029 with a CAGR of 6.4%. This growth is supported by sustainability initiatives, the integration of IoT and cloud technologies, the rise of additive manufacturing, the emergence of hybrid printing solutions, and demand for high-speed production capabilities. Key trends include the adoption of UV-curable inks, a shift toward on-demand and short-run printing, an increased focus on automation and robotics, growth in the textile and garment printing segments, and rising demand for 3D printing in prototyping and manufacturing.
What Is Stimulating Growth in the Production Printers Market?
The increasing growth of e-commerce is anticipated to support the expansion of the production printers market. E-commerce, which involves online trading of goods and services, is growing due to technological advancements and changing consumer behavior. Production printers play a key role in enabling efficient printing solutions, personalized product offerings, and on-demand customization for e-commerce businesses. For instance, in April 2024, the International Trade Administration projected that retail e-commerce sales in Canada would reach $40.3 billion by 2025, up from $2.34 billion in March 2022. Therefore, the increasing demand for e-commerce is fueling the production printers market.
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Which Key Market Leaders Are Driving Production Printers Industry Growth?
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
What Are the Emerging Trends in the Production Printers Industry?
Major companies in the production printers market are focusing on advancements in latex printing technology, such as the HP Latex 630 printer, to strengthen their market position. The HP Latex 630 printer is part of a product line that utilizes latex-based materials. For example, in September 2023, HP Inc., a US-based technology company, launched the HP Latex 630 printer series. This series distinguishes itself with white ink capabilities, offering various print modes with different opacity levels, including spot, 3-layer, and densities of up to 260%. It also emphasizes sustainability, as HP Latex inks are composed of up to 65% water, avoiding hazards associated with UV printing and ensuring enhanced health and safety performance.
What Are the Main Segments in the Production Printers Market?
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
Subsegments:
1) By Monochrome: Black And White Printers, Digital Monochrome Printers, High-Speed Monochrome Printers, Monochrome Inkjet Printers, Monochrome Laser Printers
2) By Color: Digital Color Printers, Color Inkjet Printers, Color Laser Printers, High-Quality Color Printers, Production Inkjet Printers (Color), High-Speed Color Printers
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Which Geographic Area Leads the Production Printers Market?
North America was the largest region in the production printers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the production printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Production Printers Global Market Report?
- Market Size Analysis: Analyze the Production Printers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Production Printers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Production Printers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Production Printers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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