Production Printer Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.36 Billion |
| Market Size (2029) | USD 7.72 Billion |
| CAGR (2024 - 2029) | 3.96 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Production Printer Market Analysis
The Production Printer Market size is estimated at USD 6.36 billion in 2024, and is expected to reach USD 7.72 billion by 2029, growing at a CAGR of 3.96% during the forecast period (2024-2029).
- Growth in Packaging Applications Drives Market Expansion: The Production Printer Market is undergoing significant growth, with the packaging sector being a primary driver. In 2022, packaging applications accounted for 43.7% of the market share. The rising demand for customization in product packaging is pushing this growth, as brand owners increasingly focus on using creative packaging to capture consumer attention. In 2022, the market size for packaging applications in the production printer market was valued at USD 2,530.6 million, and it is projected to reach USD 3,297.2 million by 2028, growing at a CAGR of 4.35% from 2023 to 2028.
- E-commerce boom: The rise in e-commerce is fueling demand for innovative packaging solutions, with product manufacturers using digital printing to customize packaging for targeted consumer groups.
- Folding cartons: Investments in design, sustainability, and digital printing have popularized folding cartons, especially within the food industry.
- Tobacco, pharmaceutical, and alcohol packaging: Dynamic regulations and anti-counterfeiting measures are boosting the demand for high-quality printing on these products.
- High-Performance Inkjet Printers Fuel Market Growth: High-performance inkjet printers play a pivotal role in market expansion, with the inkjet production segment valued at USD 5,081.3 million in 2022. By 2028, this segment is expected to grow to USD 6,456.7 million, achieving a CAGR of 3.92%. Inkjet technology is favored due to its speed, customization options, and efficiency in handling modern print production demands.
- Dominant players: Xerox, Canon, Ricoh, HP, and Lexmark lead the inkjet printer market with continuous innovations that enhance quality and reliability.
- Recent launches: Canon’s ProStream 3000 series (launched in February 2023) offers high-speed industrial printing with offset quality. Markem-Imaje's new 9750+ inkjet printer (April 2023) allows for advanced coding using both dye and pigment inks.
- Market Segmentation and Regional Dynamics: The Production Printer Market is divided by type, production method, technology, and geography. Continuous feed printers held 95.6% of the market share in 2022, proving to be a cost-effective solution for high-volume printing. Regionally, the Asia-Pacific area dominated the market with a 44.9% share.
- Asia-Pacific dominance: Emerging markets in India, Indonesia, and Vietnam are showing strong growth, contributing to the region’s overall market leadership.
- U.S. market trends: The U.S. market was valued at USD 1,376.2 million in 2022, and is expected to grow at a CAGR of 3.57% to reach USD 1,713.9 million by 2028, driven by favorable policies supporting commercial printing.
- Competitive Landscape and Technological Advancements: The production printer market is highly consolidated, with major players like Xerox, HP, Ricoh, and Canon holding a strong market presence.
- Xerox and HP innovations: Xerox’s portfolio includes digital presses like the IRIDESSE PRODUCTION PRESS, while HP’s Designjet Z6800 leads in photo production. Companies are also investing in cloud technologies and AI-driven solutions to stay competitive.
Production Printers Market Trends
Monochrome Segment Dominates Production Printer Landscape
The monochrome segment, valued at USD 3,637.8 million in 2022, is expected to grow to USD 4,559.1 million by 2028, representing a CAGR of 3.68%. This growth is driven by the cost-efficiency and speed of monochrome printers, which are crucial for high-volume print environments that do not require color printing.
- Cost-efficiency: Monochrome printers offer faster print speeds and lower operational costs, making them the preferred choice for offices and industries focused on high-volume output.
- Technological advancements: Canon’s varioPRINT 140 QUARTZ (2024) and Konica Minolta’s bizhub 950i and 850i (2024) provide small-scale print shops with the tools to handle production peaks and maintain operational flexibility.
- Critical applications: Monochrome printing is essential for sectors like book publishing, user manuals, and transactional forms, which require consistent high-volume output at minimal cost.
Asia-Pacific: The Growth Engine of Production Printer Market:
The Asia-Pacific region has emerged as the largest market for production printers, with a 44.9% market share in 2022. The region is expected to grow from USD 2,601.9 million in 2022 to USD 3,379.6 million by 2028, with a CAGR of 4.30%.
- China leads the way: China dominates the regional market with a 53.39% share in 2022, while India is showing rapid growth with a projected CAGR of 4.38%.
- Industrial diversity: The wide range of industries, from food to consumer electronics, contributes to the region's growing demand for printing solutions.
- Innovation: Companies like FUJIFILM Business Innovation Corp. continue to push technological boundaries with models like the Revoria Press EC1100 and Revoria Press SC180/SC170, offering high-quality productivity solutions.
Production Printer Industry Overview
Global Players Dominate Consolidated Market: The Production Printer Market remains consolidated, with major global players such as Xerox, HP, Canon, and Ricoh leading the space. These companies leverage their extensive product portfolios, innovation capabilities, and financial resources to maintain market dominance.
High entry barriers: New entrants face significant challenges due to the dominance of large players and high development costs in the production printer industry.
End-to-end solutions: Leaders in the market provide comprehensive offerings that integrate hardware, software, and services, addressing a wide range of customer needs across different sectors.
Innovation and Comprehensive Solutions Drive Leadership: Companies are focusing on innovation, particularly in high-speed inkjet technology, digital printing, and automation, to maintain their competitive edge. Canon and HP have consistently demonstrated leadership by offering differentiated products tailored to specific market segments.
Future strategies: Key players are exploring growth opportunities in 3D printing, AI-powered solutions, and eco-friendly technologies, aligning with market demands for sustainability. Expanding into high-growth areas like industrial and packaging printing also offers strategic advantages.
Strategies for Future Success in the Market: In addition to technological innovation, companies that can successfully tap into emerging market trends, such as cloud-based printing and digital services, are expected to thrive. Partnerships, acquisitions, and R&D investments will remain central to expanding market share and technological expertise.
Production Printer Market Leaders
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Xerox Corporation
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Canon Inc.
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Ricoh Company Ltd
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Hewlett-Packard Development Company, L.P.
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Eastman Kodak Company
*Disclaimer: Major Players sorted in no particular order
Production Printer Market News
- April 2024 - Konica Minolta Inc. and Fujifilm Business Innovation Corp. agreed to start a feasibility study for a strategic partnership in the areas of multifunction printers (MFPs), office printers, and production printers by signing a memorandum of understanding (MoU). FUJIFILM Business Innovation and Konica Minolta are evaluating the possibility of collaborating to enhance their business infrastructure, including setting up a reliable supply chain for their products.
- July 2023 - FUJIFILM Business Innovation Corp. launched two new production color press models—the Revoria Press EC1100 and Revoria Press SC180/SC170—offering superior productivity and image quality for professional and in-house printing needs.
Production Printers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Stakeholder Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growth of Printing Applications in Packaging is Expected to Drive Growth
5.1.2 Increasing Inkjet Sales Due to Introduction of High-performance Inkjet Printers
5.2 Market Restraints
5.2.1 Growth of Digital Marketing and the Practice of Online Reading
5.3 Impact of COVID-19 in Supply Chain Distribution of Production Printer Globally
6. KEY TECHNOLOGY INVESTMENTS
6.1 Cloud Technology
6.2 Artificial Intelligence
6.3 Cyber Security
6.4 Digital Services
7. MARKET SEGMENTATION
7.1 By Type
7.1.1 Monochrome
7.1.2 Color
7.2 By Production Method
7.2.1 Cut Fed
7.2.2 Continuous Feed
7.3 By Technology
7.3.1 Inkjet
7.3.2 Toner
7.4 By Application
7.4.1 Commercial
7.4.2 Publishing
7.4.3 Packaging
7.5 By Geography
7.5.1 North America
7.5.1.1 United States
7.5.1.2 Canada
7.5.2 Europe
7.5.2.1 Germany
7.5.2.2 United Kingdom
7.5.2.3 France
7.5.2.4 Italy
7.5.2.5 Rest of Europe
7.5.3 Asia-Pacific
7.5.3.1 India
7.5.3.2 China
7.5.3.3 Japan
7.5.3.4 Rest of Asia-Pacific
7.5.4 Rest of the World
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles*
8.1.1 Xerox Corporation
8.1.2 Hewlett-Packard Development Company LP
8.1.3 Ricoh Company Ltd
8.1.4 Canon Inc.
8.1.5 Eastman Kodak Company
8.1.6 Konica Minolta Inc.
8.1.7 Miyakoshi Printing Machinery Co. Ltd
8.1.8 Inca Digital Printers Ltd (Dainippon Screen Mfg. Co. Ltd)
9. INVESTMENT ANALYSIS
10. MARKET OPPORTUNITIES AND FUTURE TRENDS
Production Printer Industry Segmentation
The production printer, also known as a production-level printing machine or high-speed output printer, is designed to produce large volumes for high-speed output. In commercial printing environments where documents, brochures, catalogs, flyers, and similar materials must be produced in large quantities, it is normally utilized by print companies, publishing establishments, or marketing agencies.
The production printer market is segmented by type (monochrome and color), production method (cut fed and continuous feed), technology (inkjet and toner), application (commercial, publishing, and packaging), and geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, Italy, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Monochrome | |
| Color |
| By Production Method | |
| Cut Fed | |
| Continuous Feed |
| By Technology | |
| Inkjet | |
| Toner |
| By Application | |
| Commercial | |
| Publishing | |
| Packaging |
| By Geography | |||||||
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| |||||||
| |||||||
| Rest of the World |
Production Printers Market Research FAQs
How big is the Production Printer Market?
The Production Printer Market size is expected to reach USD 6.36 billion in 2024 and grow at a CAGR of 3.96% to reach USD 7.72 billion by 2029.
What is the current Production Printer Market size?
In 2024, the Production Printer Market size is expected to reach USD 6.36 billion.
Who are the key players in Production Printer Market?
Xerox Corporation, Canon Inc., Ricoh Company Ltd, Hewlett-Packard Development Company, L.P. and Eastman Kodak Company are the major companies operating in the Production Printer Market.
Which is the fastest growing region in Production Printer Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Production Printer Market?
In 2024, the Asia Pacific accounts for the largest market share in Production Printer Market.
What years does this Production Printer Market cover, and what was the market size in 2023?
In 2023, the Production Printer Market size was estimated at USD 6.11 billion. The report covers the Production Printer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Production Printer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Production Printing Industry Report
Production Printer Market Research
The Production Printer Market report provides comprehensive industry research, offering insights into emerging market trends, key technologies, and evolving customer demands. Our in-depth analysis covers various aspects of the production printer industry, including digital production printers, inkjet and laser technology, high-volume printing solutions, and regional market dynamics. The report also highlights competitive developments, recent innovations, and future growth opportunities. Stakeholders benefit from actionable market data, including market size, segmentation, and detailed forecasts. All these insights are available in an easy-to-read report pdf, designed to support informed decision-making and strategic planning.
Our research report delves into the driving forces behind the market's growth, such as advancements in inkjet production printers, digital printing automation, and the surge in demand for wide format and print-on-demand solutions. The report covers industry outlook, key players, and regional segmentation, with a focus on areas like Asia-Pacific and the U.S. market. By leveraging our market forecast and industry statistics, businesses can better understand technological innovations and evolving customer needs. Access to the report pdf ensures stakeholders can quickly review vital market trends and data points, making it an indispensable tool for industry leaders and analysts.
