How Is The Printing Machinery And Equipment Market Segmented?
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
Subsegments:
1) By Typesetting Machinery: Phototypesetting Equipment, Digital Typesetting Systems
2) By Offset Printing Machinery: Sheet-Fed Offset Printing Presses, Web Offset Printing Presses
3) By Flexographic Printing Machinery: Central Impression Flexo Presses, Stack Flexo Presses
4) By Gravure Printing Machinery: Cylinder Gravure Presses, Web Gravure Presses
5) By Printing Trades Binding Machinery and Equipment: Cutting and Trimming Machines, Folding Machines, Binding Machines
6) By Other Printing Machinery And Equipment: Digital Printing Machines, Inkjet Printing Machines
Printing Machinery And Equipment Market Driver: 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.
Printing Machinery And Equipment Market Driver: Technological Advancements Driving Growth In Printing Machinery And Equipment Manufacturing
Rapid advances in technology are expected to drive innovation in printing machinery and equipment machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolios and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the printing machinery and equipment machinery manufacturing market during the forecast period.
Global Printing Machinery And Equipment Market Major Players
Major companies operating in the printing machinery and equipment market include Konica Minolta Inc., Canon Inc., Fujifilm Corporation, Ricoh Group, Dover Corporation, Xerox Corporation, Landa Corporation, Barry-Wehmiller, Heidelberger Druckmaschinen AG, Clover Technologies Group LLC, Agfa-Gevaert NV, Bobst, Eastman Kodak Co., Windmoller & Holscher, Komori Corporation, Koenig & Bauer AG, Mark Andy Inc., SPGPrints B.V., Weber Packaging Solutions, M & R Sales & Service Inc., AstroNova Inc., Comexi Group, Rotatek Printing Machinery
Global Printing Machinery And Equipment Market Trend: 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.
Global Printing Machinery And Equipment Market Trend: Innovations In Printing Machinery With On-The-Go Printing And Wireless Connectivity
Instant and on-the-go printing is one of the latest innovations in the printing machinery and equipment manufacturing market. On-the-go printing refers to the wireless connectivity in printers that enables the user to commence printing hassle-free by using the smartphone app. This technology in printers encourages the next generation of young users to be more creative and accustomed to printer usage with technology. For instance, HP printers can be accessed through the HP Smart app without any computer or wired connections.
Regional Outlook For The Global Printing Machinery And Equipment Market
Western Europe was the largest region in the printing machinery and equipment market in 2024. Asia-Pacific was the second largest region in the printing machinery and equipment market. The regions covered in the printing machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the printing machinery and equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Defines the Printing Machinery And Equipment Market?
The printing machinery and equipment market consists of sales of printing presses, typesetting machinery, and bindery machinery. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Printing Machinery And Equipment Industry?
The printing machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides printing machinery and equipment market statistics, including printing machinery and equipment industry global market size, regional shares, competitors with a printing machinery and equipment market share, detailed printing machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the printing machinery and equipment industry. This printing machinery and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
