February 16, 2021 08:18 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 16, 2021 (GLOBE NEWSWIRE) -- The "Inkjet Printing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering. The inkjet printing market was valued at USD 40.79 billion in 2020 and is expected to reach USD 49.20 billion at a CAGR of 3.11% over the forecast period 2021 - 2026. Today's high-speed inkjet devices offer enhanced quality and productivity for early-adopter commercial printers, and this is driving the market forward. The market for ink-jet printers has expanded at a tremendous pace in the last few years. Due to heightened competition for market share among ink-jet producers, many innovative concepts and technological inventions have happened that are explicitly shown in today's color ink-jet products. With the ability of printing vivid color images at comparatively low cost, ink-jet has dominated the home, small office, and large-format color printer markets. The sensitive balance between image quality, image durability, print speed, purchase price, and operation cost will define the vestige of ink-jet technology in the color printer market. Inkjet printing is the fastest-growing print process in graphics and packaging printing. Inkjet will perform strongly than any other competing system over the next few years, largely due to the huge investments being made in inkjet technology. It has become an important production tool in diverse applications, with the printers and presses taking several different forms. Book printing is a growing area for inkjet printing, while magazines and catalogs are seeing substantial growth. Inkjet is frequently being used in commercial print applications, with wide-format and high-speed presses being joined by the very high-quality inkjet presses. The most prominent change is in packaging - as new, high-performance machines come onto the market, and the early adopters profit by developing new services for customers. Additional applications can be seen in inkjet-printed ceramics, decor, textiles, glass, biomedical and electronics, highlighting the breadth of capability that has been developed to commercial standards for digital print. The principal driver for the adoption of inkjet includes Big Data, the Internet of Things, and the digitalization of both print processes and packaging. Moreover, smart production, speed, flexibility and cost control also drive the adoption of inkjet printing as the businesses can become more flexible and responsive to customer requirements through the adoption of digital print, thus fueling the growth of the Inkjet Printing Market. Whilst switching to inkjet brings potential advantages, there are also restrictions - such as the higher cost of printing when it comes to longer runs, particularly when compared to analogue printing. Key Market Trends Label is Anticipated to Hold a Dominant Share of the Market
Europe Dominates the Inkjet Printers Market
Competitive Landscape The Inkjet Printing Market is highly fragmented, to tap the latent potential of the Inkjet Printing market, there are a lot of market players who are making their presence felt in the inks scene and contributing to a robust competitive landscape. Whether it is product launches, mergers, takeovers, or new marketing strategies, the market has vibrant competitiveness. HP Inc., Canon, Brothers Industries Ltd., are among the major players in the global Inkjet Printing Technologies market share. The companies are involved in many growth and expansion strategies to get a competitive advantage. Business participants also follow the value chain alliance with business transactions in various steps of the value chain.
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Key Topics Covered: 1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Introduction to Market Drivers and Restraints 4.3 Market Drivers 4.3.1 Big Data, the Internet of Things, and Digitalisation of Both Print Processes and Packaging 4.3.2 Smart Production, Speed, Flexibility and Cost Control 4.4 Market Restraints 4.4.1 Growing Popularity of Digital Advertising Media 4.4.2 High Price & Investment and Technological Limitations 4.4.3 Cut-throat Competition Among Established Technologies such as Flexographic Printing and Screen Printing 4.5 Market Opportunities 4.5.1 Shift toward Sustainability can Increase the Market Growth. 4.6 Industry Attractiveness - Porter's Five Forces Analysis 4.6.1 Bargaining Power of Suppliers 4.6.2 Bargaining Power of Consumers 4.6.3 Threat of New Entrants 4.6.4 Intensity of Competitive Rivalry 4.6.5 Threat of Substitute Products 4.7 Impact of COVID-19 on the Industry 5 MARKET SEGMENTATION 5.1 Application 5.1.1 Books/Publications 5.1.2 Commercial Print 5.1.3 Advertising 5.1.4 Transaction 5.1.5 Labels 5.1.6 Packaging 5.1.7 Other Applications (Photobooks, Magazines, Newspapers, Security) 5.2 Geography 5.2.1 North America 5.2.2 Europe 5.2.2.1 Eastern Europe 5.2.2.2 Western Europe 5.2.3 Asia Pacific 5.2.3.1 Asia 5.2.3.2 Australasia 5.2.4 Latin America 5.2.5 Middle East and Africa 6 COMPETITIVE LANDSCAPE 6.1 Company Profiles* 6.1.1 HP Development Company, L.P. 6.1.2 Jet Inks Private Limited 6.1.3 Brother Industries Ltd. 6.1.4 Xerox Corporation 6.1.5 Canon Inc. 6.1.6 Domino Printing Sciences PLC 6.1.7 Hitachi Industrial Equipment Systems Co. Ltd. 6.1.8 Lexmark International Inc 6.1.9 Videojet Technologies Inc. 6.1.10 Inkjet Inc. 6.1.11 Fujifilm Holdings Corporation 7 INVESTMENT ANALYSIS 8 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/adzv8p