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Future of the Inkjet Printers Market: Trends, Innovations, and Key Forecasts Through 2034
Inkjet Printers Market
Inkjet Printers Market Size Growth Forecast: What to Expect by 2025?
The market size of inkjet printers has seen a consistent growth in the past few years. The market, which is expected to increase from $48.47 billion in 2024 to $50.39 billion in 2025, will have a compound annual growth rate (CAGR) of 4.0%. The growth during the historical period can be linked to various factors, such as the revolution in home printing, the adoption by small and medium-sized businesses, expansion of e-commerce, growing environmental consciousness, and adoption by the education sector.
How Will the Inkjet Printers Market Size Evolve and Grow by 2029?
It is anticipated that the inkjet printers market will experience substantial growth in the upcoming years, reaching a market size of $63.96 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%. This predicted growth during the forecast period can be attributed to several factors including the integration of 3D printing, the growing trend of remote work, demands for customization, advancements in augmented reality printing, and applications of bioprinting. The forecast period is expected to witness significant trends such as the surge in digital photography, technological progression, the prevalence of mobile printing, the emergence of subscription-based printing services, and the incorporation of artificial intelligence in printing.
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What Drivers Are Propelling the Growth of Inkjet Printers Market Forward?
The inkjet printers market is predicted to witness growth, spurred on by the burgeoning expansion of the advertising sector. The advertising realm encompasses tasks linked with devising, orchestrating and delivering promotional strategies and messages to captivate and convince target audiences. Inkjet printers are instrumental in the advertising landscape, aiding in the creation of a range of promotional materials. These printers bring multiple advantages to the table, making them indispensable assets for ad firms. As disclosed by Publift, an Irish advertising services entity, in September 2024, the United States is home to one of the most lucrative ad markets worldwide, with the total ad spending projected to approach $300 billion in 2023. The American market dramatically surpasses competition from countries like China and Japan. In 2022, digital advertising constituted 67% of the total international advertising revenue, a percentage predicted to climb to 70% by 2025. Also, in the U.S., digital advertising represented 61% of the market in 2022. Hence, the growth of the advertising sector is propelling the expansion of the inkjet printer market.
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What Are the Key Trends Driving Inkjet Printers Market Growth?
Technological advancements are becoming an increasingly influential trend in the inkjet printer market. To maintain their market stance, companies involved in this sector are integrating new technologies. For example, in February 2023, Mimaki Engineering Co. Ltd., a Japanese inkjet printer manufacturer, introduced its first direct-to-film (DTF) inkjet printer, the TxF150-75. This product boasts a built-in ink circulation framework and a degassed ink pack design technology, which includes a nozzle check mechanism and a nozzle recovery system that minimizes the need for human intervention. Apart from this, its advanced full-color printing feature can create visually appealing graphics.
What Are the Key Segments in the Inkjet Printers Market?
The inkjet printersmarket 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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Who Are the Key Players Shaping the Inkjet Printers Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in 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.
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