Press release
Inkjet Printers Market Poised for 7 % Growth, Set to Hit $65.94 Billion by 2029
Inkjet Printers Market Growth
The growth of the inkjet printer market is projected to be fueled by the advancement of the advertising industry. The term 'advertising industry' includes all practices linked to conceptualizing, engineering, executing, and governing promotional efforts and communications to captivate and influence potential customers. Inkjet printers have a significant position in the advertising industry as they assist in producing various publicity materials. These printers offer many advantages that make them indispensable for advertising firms. For instance, Publift, an advertising service provider based in Ireland, stated in September 2024 that the United States is home to one of the most productive advertising sectors worldwide, with a projected advertising expenditure in 2023 nearing $300 billion. The U.S. advertising market is outstripping counterparts such as China and Japan. In 2022, digital advertising constituted 67% of the overall international ad revenue-a percentage anticipated to escalate to 70% by 2025. In the United States, digital advertising represented 61% of the market in 2022. Consequently, the growth of the advertising sector propels the advancement of the inkjet printer market.
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What Is the projected market size and growth rate for the inkjet printers market?
Over the past few years, the inkjet printers market has seen significant growth. The market value is projected to increase from $48.47 billion in 2024 to $51.2 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this growth over the historical period include the revolution in home printing, the adoption by small and medium enterprises, the rise in e-commerce, increased environmental consciousness, and acceptance in the education sector.
In the coming years, the market size for inkjet printers is anticipated to witness robust growth, escalating to a value of $65.94 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this positive projection during the predicted period include the integration of 3D printing, the emergence of remote work, demands for customization, augmented reality printing, and the application of bioprinting. The forecast period is also expected to see significant trends such as the explosion of digital photography, technological progression, the dominance of mobile printing, subscription-based printing services, and the inclusion of artificial intelligence in printing.
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What new trends are reshaping the inkjet printers market and its opportunities?
Advancements in technology are a rising trend in the inkjet printers market which is being increasingly adopted by market players. Companies in this market, such as Mimaki Engineering Co. Ltd., a Japan-based inkjet printer manufacturer, are leveraging these new technologies to maintain their market standing. For example, in February 2023, they released the TxF150-75, their inaugural direct to film (DTF) technology inkjet printer. This printer employs an in-built ink circulation system and degassed ink pack design technologies, inclusive of a nozzle check unit and the nozzle recovery system, which ensures smooth operations with minimal interference. Furthermore, its ability to print in full color allows the production of vibrant graphic designs.
What major market segments define the scope and growth of the inkjet printers market?
The inkjet printers market covered in this report is segmented -
1) By Type: Multifunctional Printers, Desktop Printers, Large Format Printers, Inkjet Press, Industrial Inkjet Printers, Textile Printers, Other Types
2) By Technology: Continuous Inkjet, Drop On Demand, UV Inkjet, Other Technologies
3) By Application: Packaging And Labeling, Publishing, Advertising, Textile Printing, Photo Printing, Other Applications
4) By End User: Consumer, Education, Industrial, Textile, Pharmaceutical, Other End Users
Subsegments:
1) By Multifunctional Printers: All-In-One Printers, Wireless Multifunction Printers
2) By Desktop Printers: Personal Inkjet Printers, Home Office Inkjet Printers
3) By Large Format Printers: Wide-Format Printers, Super-Wide Format Printers
4) By Inkjet Press: Digital Inkjet Presses For Commercial Printing, Production Inkjet Presses
5) By Industrial Inkjet Printers: Inkjet Printers For Packaging, Inkjet Printers For Labeling
6) By Textile Printers: Direct-To-Fabric Printers, Sublimation Inkjet Printers
7) By Other Types: Photo Inkjet Printers, Specialty Inkjet Printers
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Which region dominates the inkjet printers market?
North America was the largest region in the inkjet printers market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inkjet printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the inkjet printers industry growth?
Major companies operating in the inkjet printers market include HP Inc., Videojet Technologies Inc., Canon Inc., Fujifilm Holdings Corporation, Kyocera Corporation, Ricoh Company Ltd., Seiko Epson Corporation, Xerox Holdings Corporation, Konica Minolta Business Solutions India Private Limited, Brothers Industries Ltd., Keyence Corporation, Zebra Technologies Corporation, Lexmark International Inc., Screen Holdings Co. Ltd., Agfa-Gevaert N.V., EFI Electronics for Imaging Inc., Markem-Imaje Corporation, Domino Printing Sciences plc, Xaar plc, Mimaki Engineering Co. Ltd, Roland DG Corporation, Kornit Digital Ltd., Inkjet Inc., Pannier Corporation, Durst Phototechnik AG, Mutoh Holdings Co. Ltd, Control Print Ltd., Colordyne Technologies LLC
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What Is Covered In The Inkjet Printers Global Market Report?
• Market Size Forecast: Examine the inkjet printers market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the inkjet printers market for a structured understanding.
• Key Players Overview: Analyze major players in the inkjet printers market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the inkjet printers market.
• Segment Contributions: Evaluate how different segments drive overall growth in the inkjet printers market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the inkjet printers market.
• Industry Challenges: Identify potential risks and obstacles affecting the inkjet printers market.
• Competitive Landscape: Review strategic developments in the inkjet printers market, including expansions, agreements, and new product launches.
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