Print Equipment Market Size (2024 - 2029)

Print Equipment Market Analysis

The Print Equipment Market size is estimated at USD 19.92 billion in 2024, and is expected to reach USD 20.86 billion by 2029, at a CAGR of 0.56% during the forecast period (2024-2029).

• Businesses and facilities drive the printing equipment market, utilizing printing for diverse applications, including advertising, books, packaging, labels, and commercial printing. The penetration of advanced technologies, such as faster presses and innovative ink and toner solutions, is set to boost production capacity and enhance quality. Moreover, technological advancements in printing play a pivotal role in the growth of high-volume printing.
• Through 3D printing, packaging companies can craft products that captivate customers with three-dimensional textures, embossed effects, and distinctive shapes, enriching the visual appeal of printed materials. The adoption of 3D printing broadens the spectrum, allowing printing on diverse materials like plastics and metals, thus unveiling creative avenues for the print equipment market.
• Globally, businesses are gravitating toward industrial printers, drawn by their cost-effectiveness and efficiency in high-volume printing. A notable growth driver is the rising demand for high-quality printed packaging materials, pivotal for advertising and branding. The e-commerce sector's global appetite for packaging and labeling, especially with players like Amazon embracing innovative design tools, significantly propels the commercial printing market.
• Moreover, industries like advertising and commercial printing are undergoing a transformation with the integration of digital printing. This shift empowers designers to produce customized products at an accelerated pace. Technological strides in AI, machine learning, IoT, and data analytics have markedly enhanced personalization. This digital printing evolution ensures superior print personalization, even for large-volume orders.
• The surging demand for packaging printing applications is poised to drive market growth in the coming years. Additionally, the rising appetite for digital printing, the allure of flexible packaging, cost-effectiveness, and a push to reduce packaging waste are expected to drive the market.
• Manufacturers grapple with the challenge of staying attuned to evolving trends and upgrading technologies to maintain a competitive edge. While minor upgrades might have a subdued impact, overhauling entire machines can pose significant challenges for businesses.

Print Equipment Industry Segmentation

Printing equipment includes offset presses, gravure presses, silk-screen equipment, large format inkjet printers, digital printing/copying equipment, letterpress equipment, office copiers, and bindery equipment.

The print equipment market is segmented by technology (web offset lithographic, flexographic, gravure, screen printing, and digital printing), application (books, commercial print, advertising print, security, transactional print, packaging, and labels), and geography (North America (United States and Canada), Europe (Germany, France, Italy, United Kingdom, Netherlands, and Rest of Europe), Asia-Pacific (Japan, India, China, and Rest of Asia-Pacific), Latin America, and Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.