What are the Digital Production Printer Market opportunities and threats faced by the vendors in this industry? Fortune Business Insights
Posted on Jan 12 2021 5:10 AM
"Top Players in Digital Production Printer Market are Canon, Xerox, Ricoh USA, Inc.Hewlett Packard Enterprise, Konica Minolta "
The global digital production printer market to gain from increasing adoption of digital printing. Recently, Fortune Business Insights published a report, titled “Digital Production Printer“ Market Size, Share and Global Trend By Technology (Inkjet, Electrophotography), By Feed (Continuous Feed, Cut Sheet), By Technology Vs. Feed (Continuous Feed Inkjet, Continuous-Feed Electrophotography, Cut-Sheet Inkjet, Cut-Sheet Electrophotography), By Application (Transactional, Advertising) and Geography Forecast Till 2026.” According to the report, in 2017 the global digital production printer market was valued at US$ 2352 Mn. The global market is anticipated to progress at a CAGR of 12.6% and reach US$ 5939.1 Mn by the end of 2026.
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Key Companies Covered In The Report
- Ricoh USA, Inc.
- Hewlett Packard Enterprise
- Konica Minolta
As per the report, North America emerged dominant in 2017 in the global digital production printer market. North America was valued at US$ 784.3 Mn in 2017. The region is expected to continue leading the global market through the forecast period. The rising adoption of digital technology and printing is expected to contribute to the growth witnessed in the region. Besides this, the digital production printer market in Asia Pacific was worth US$ 588.7 Mn in 2017.
Market Landscape and Market Scenario Includes:
- Current market size estimate
- Revenues by players Top Companies
- Market size by product categories
- Market size by regions/country
Key Recent Developments
- In February 2020- Fuji Xerox establishes sales partnership with Zoho to expand the lineup of Cloud-Based business services. With this collaboration, Fuji Xerox is expected to expand its service offerings in customer management, web marketing services and sales promotion to enable its users to transform their businesses through the utilization of information and communication technology (ICT).
- In September 2018- Bluecrest announced that it will showcase a full range of digital and physical print, mail, and software solutions at Print 18. These industry-leading solutions are aimed at helping businesses of all sizes optimize their print to mail operations, improve integrity and compliance, and drive growth.
- In Jan 2018- Kodak launches the NEXFINITY digital press platform, dramatically improving the versatility of digital printing through Dynamic imaging technology.
The literacy rate and per capita income of people in the Asia Pacific is expected to increase in the coming year, subsequently enabling growth in the region’s digital production printer market. The report predicts the Asia Pacific market to report a higher CAGR in the coming years. The increasing literacy rate is anticipated to generate demand for book, paper, magazines, and others, further bolstering demand in the global digital production printer market.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/digital-production-printer-market-100158
Important Features that are under Offering and Key Highlights of the Market Report:
- Detailed overview of Market Share
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
Increasing Shift towards Online Platforms to Increase Demand for Digital Production Printer
In terms of application, the advertising segment emerged dominant in the global digital production printer market in 2018. Besides this, catalogs, graphic acts, and transactional are a few segments anticipated to grow at a CAGR of more than 10% during the forecast period 2018-2026. The growth witnessed is attributable to rapid adoption of personalization among printing. This is likely to enable growth in the global digital production printer market.
Increasing the adoption of online platforms and increasing global literacy rate are a few factors anticipated to drive the global digital production printer market during the forecast period. Moreover, paradigm shift towards digital printing form offset technology is likely to increase the demand in global digital production printer market.
On the flip side, high cost associated with digital printer and complex mechanism of the digital printer are major factors that may hamper the growth in the global digital production printer market
Technological Developments Undertaken by Leading Brands to Enable Growth
Technological developments in the digital printers is anticipated to enable growth in the global digital production printer market. Canon, Ricoh, Xerox, Hewlett Packard, and Konica Minolta are a few major players in the global market and have recently announced products with advent features. Xerox is offering Trivor Presses and Versant, Canon offers ImageStream, VarioPrint and ColorStream, and others. Among key players Canon offers variety and extensive range of digital printers. This is anticipated to boost the global market.
The literacy rate and per capita income of people in the Asia Pacific are expected to increase in the coming year, subsequently enabling growth in the region’s market. The report predicts the Asia Pacific market to report a higher CAGR in the coming years. The increasing literacy rate is anticipated to generate demand for the book, paper, magazines, and others, further bolstering demand in the Global Digital Production Printer market.
Queries Addressed In Market Report:
- What opportunities are present for the market players to enhance their business footprint?
- What manufacturing techniques are being implemented in the development of advanced Construction Equipment?
- Which segment is witnessing huge traction from the consumers?
- For what purposes, is the market being utilized?
- How many units are estimated to be sold in 2020?
The Global Digital Production Printer Market to gain from increasing adoption of digital printing. According to the report, in 2017 the Global Printer Market has valued at US$ 2352 Mn. The global market is anticipated to progress at a CAGR of 12.6% and reach US$ 5939.1 Mn by the end of 2026.
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1. By Technology
- Inkjet/High Speed Inkjet
2. By Feed
- Continuous Feed
- Cut Sheet
3. By Technology Vs. Feed
- Continuous Feed Inkjet/High-Speed Inkjet
- Continuous Feed Electrophotography
- Cut-Sheet Inkjet/High-Speed Inkjet
- Cut-Sheet Electrophotography
4. By Application
- Advertising (Direct Mail & Others)
5. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Increasing Shift towards Online Platforms to Increase Demand for Digital Production Printer
In terms of application, the advertising segment emerged dominant in the Global Digital Production Printer Market in 2018. Besides this, catalogs, graphic acts, and transactional are a few segments anticipated to grow at a CAGR of more than 10% during the forecast period 2018-2026. The growth witnessed is attributable to the rapid adoption of personalization among printing. This is likely to enable growth in the Global market.
On the flip side, the high cost associated with the digital printer and complex mechanism of the digital printer is a major factor that may hamper the growth in the Global Digital Production Printer market.
Increasing the adoption of online platforms and increasing global literacy rate is a few factors anticipated to drive the Global Market during the forecast period. Moreover, a paradigm shift towards digital printing form offset technology is likely to increase the demand in the Global market.
Key Features of Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the market.
- Market Forecast by regions, type and application, with sales and revenue, from 2020 to 2026.
- Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
- Market Size (sales, revenue) forecast by regions and countries from 2020 to 2023 of industry.
- The global market Growth is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2023. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
- Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
- Market Report also mentions market share accrued by each product in the market, along with the production growth.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
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Table Of Content
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology and Acronyms
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Global Production Printed Pages by Digital Technology Market Overview (Billions of Pages)
4.1.1. By Application (Billions of Pages)
184.108.40.206.Advertising(Direct Mail and Others)
220.127.116.11.Magazines and Brochure
4.1.2. ByTechnology (Billions of Pages)
4.1.3. By Feed
4.1.4. By Printing
4.1.5. Cut Sheet High Speed Inkjet Printer Analysis, By Paper Format Type
4.2. Global Digital Production Printers Market Overview
4.2.1.Installed Base and New Shipments, 2018 – 2026
4.3. Industry SWOT Analysis
4.4. Price Trend Analysis
5. Global Digital Production Printer Market Analysis,Insights and Forecast, 2018-2026
5.2. Key Findings / Summary
5.3. Market Analysis, Insights and Forecast – By Printing Technology
5.3.1.Inkjet/High Speed Inkjet
5.4. Market Analysis, Insights and Forecast – By Feed
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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