Print Equipment Market Size (2024 - 2029)

The print equipment market is experiencing growth driven by advancements in technologies such as sheetfed offset litho, which have been significantly enhanced by major manufacturers. The increasing demand for 3D printing, along with the need for lighter packaging and recyclable labels, is further propelling the market. Investment in packaging printing machinery is also a key factor, as effective packaging is crucial for product marketing and perception. However, the market's expansion may be constrained by the high costs associated with printing infrastructure and the shift from traditional to digital media.

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Market Size of Print Equipment Industry

Print Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 2.20 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Print Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Print Equipment Market Analysis

The print equipment market was valued at USD 22.4 Billion in 2020, at a CAGR of 2.2% during the forecast period (2021 - 2026). The process that has seen the biggest number of improvements in recent years is sheetfed offset litho. Innovations by the leading Western and Japanese manufacturers have transformed the technology, to a great extent. Sheetfed offset litho printers are increasingly carrying out simultaneous printing of groups of jobs by setting them up side-by-side across a large-format press. This printing process trend is expected to drive the market in future period.

  • Introduction of 3D printing is driving the market.The demand for reduced weight in product packaging and use of thinner and smaller labelling is increasing by the day. This is likely to assist well for print equipment market. Furthermore, emphasis laid on recycling ability of the printing labels is expected to contribute positively to the print equipment market. Governments across the world have already started investing in R&D on 3D printing, which has had a positive impact on technology propagation and adoption. For instance, the Dutch government invested an additional USD 150 million in 3D printing-related research and innovation.
  • The increasing investment in the packaging printing machinery is driving the market. In today's era, an attractive and effective packaging holds the key not only to successfully market a product but to positively change its perception in people's minds as well. According to Packaging of the World, yearly approx 30% businesses report that their revenues increase when they improve their product packaging and this percent will show a exponential rise in coming future.
  • However, the high cost incurred on the implementation of printing structure may restrict growth in the market. Besides high cost structure and sensitive pricing environment, the shifting preference from traditional media to digital media in printing technique might as well hinder the global market in the coming years.

Print Equipment Industry Segmentation

The global printing market is gaining momentum due to technological advancements such as digital enhancements of equipment, evolving software tools and automation in printing. Rising demand for packaged goods means that packaging and label printing are two of the few growth sectors in print demand and other end users supporting the growth are the publication and other commercial segments.

By Types
Digital
Offset
Flexo
Other Types
By Application
Packaging
Publication
Commercial
Other Applications
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Print Equipment Market Size Summary

The print equipment market is experiencing a transformative phase, driven by technological advancements and evolving consumer demands. Innovations in sheetfed offset litho printing have significantly enhanced the efficiency and capabilities of this technology, with Western and Japanese manufacturers leading the charge. The trend towards simultaneous printing of multiple jobs on large-format presses is expected to propel market growth. Additionally, the introduction of 3D printing is reshaping the landscape, as it meets the growing demand for lightweight packaging and eco-friendly labeling solutions. Governments worldwide are investing in research and development to further advance 3D printing technologies, which is anticipated to bolster market expansion. The increasing focus on sustainable practices, such as recyclable printing labels, is also contributing positively to the market dynamics.

The market is characterized by a fragmented landscape with intensifying competition among local and global players, spurred by rapid technological advancements. Key industry players, including Mark Andy Inc. and BOBST, are at the forefront of these developments. The Asia-Pacific region is poised for significant growth, driven by high demand from end-users and burgeoning opportunities in packaging printing. Companies like Bobst and Xeikon are actively showcasing their latest innovations in the region, aiming to capture new markets. However, the high costs associated with implementing advanced printing structures and the shift from traditional to digital media pose challenges to market growth. Despite these hurdles, the market continues to evolve, with ongoing investments in packaging printing machinery and the adoption of hybrid printing technologies, which combine digital and offset processes for enhanced flexibility and efficiency.

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Print Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Introduction of 3D Printing

      2. 1.3.2 Increasing Investment in the Packaging Printing Machinery

    4. 1.4 Market Restraints

      1. 1.4.1 High Cost Incurred on the Implementation of Printing Structure

    5. 1.5 Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Types

      1. 2.1.1 Digital

      2. 2.1.2 Offset

      3. 2.1.3 Flexo

      4. 2.1.4 Other Types

    2. 2.2 By Application

      1. 2.2.1 Packaging

      2. 2.2.2 Publication

      3. 2.2.3 Commercial

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East & Africa

Print Equipment Market Size FAQs

The Print Equipment Market is projected to register a CAGR of 2.20% during the forecast period (2024-2029)

Mark Andy Inc., BOBST, KOMORI Corporation, Windmoller & Holscher and Barry-Wehmiller are the major companies operating in the Print Equipment Market.

Print Equipment Market Report Snapshots

Print Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)