How big is the Print Equipment Market?

The Print Equipment Market size is expected to reach USD 19.92 billion in 2024 and grow at a CAGR of 0.56% to reach USD 20.86 billion by 2029. Read More

What is the current Print Equipment Market size?

In 2024, the Print Equipment Market size is expected to reach USD 19.92 billion. Read More

Who are the key players in Print Equipment Market?

Mark Andy Inc., OMET S.r.l., Nilpeter Holding A/S, Gallus (Heidelberger Druckmaschinen AG) and MPS Systems B.V. are the major companies operating in the Print Equipment Market. Read More

Which is the fastest growing region in Print Equipment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Print Equipment Market?

In 2024, the Asia Pacific accounts for the largest market share in Print Equipment Market. Read More

What years does this Print Equipment Market cover, and what was the market size in 2023?

In 2023, the Print Equipment Market size was estimated at USD 19.81 billion. The report covers the Print Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Print Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Print Equipment Market Trends

Statistics for the 2023 & 2024 Print Equipment market trends, created by Mordor Intelligence™ Industry Reports. Print Equipment trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Print Equipment Industry

Flexographic Printing Expected to Witness Major Growth

Flexographic printing machines are primarily driven by the demand for high production speeds and efficient printing. Consequently, advancements in flexographic printing have opened up a vast market for inks. The rising trend of printing on packaging surfaces, particularly in the food and consumer goods industries, has spurred the growth of the flexographic segment.
Technologies like AI, machine learning, and data analytics are enhancing personalization. Notably, the number of Internet of Things (IoT) connections, which stood at 2.9 billion in 2022, is projected to surpass 6 billion by 2028. This technological convergence in flexographic printing is elevating print personalization, especially for large-volume orders.
Flexographic printing is versatile and capable of being executed on sustainable substrates like paper and cardboard. Utilizing flexible packaging materials, such as bio-based films and compostable substances, mitigates the environmental footprint of packaging. Market vendors are enhancing the productivity, cost-effectiveness, sustainability, and consistency of flexo printing, from design to print quality. In flexible printing technology, low-viscosity inks are crucial for ensuring a smooth ink flow through the printing unit.
Flexographic printing machinery boasts adaptability and is used across industries like packaging and labeling. This flexibility empowers print businesses to cater to diverse orders, broadening their market reach and maintaining a competitive edge.

Print Equipment Market : Forecasted Number of IoT (Internet of Things) Connections, in Billions, Global, 2022-2028

Understand The Key Trends Shaping This Market

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Asia-Pacific Expected to Register Major Growth

Asia-Pacific is poised to dominate the market, with numerous firms channeling investments into the region, driven by robust end-user demand and abundant development opportunities in packaging printing.
In the Japanese market for print equipment, offset printing holds a dominant position, particularly for high-volume commercial tasks such as books, magazines, and newspapers. Japanese manufacturers' modern offset printing presses are celebrated for their precision, speed, and superior build quality. However, as demands evolve, digital technologies, such as inkjet printing, are swiftly gaining traction, which is evident in their rising prominence in textile applications.
India's market for print equipment is progressively embracing digital technologies, drawn by their cost-effectiveness, quicker turnaround, and enhanced customization over traditional methods. The surge in digital equipment usage, from inkjet to laser printers, is propelled by demands for shorter print runs, variable data printing, and on-demand services.
India's steady economic ascent and its burgeoning industries, such as retail, pharmaceuticals, packaging, and advertising, are driving the demand for print equipment. As these industries expand and diversify, there is an increasing need for high-quality printing solutions to bolster marketing, branding, packaging, and product identification efforts.