India Inkjet Printer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.85 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Inkjet Printer Market Analysis
The India Inkjet Printer Market is anticipated to register a CAGR of 3.85% over the forecast period. Inkjet printers perform a better job of blending smooth colors compared to laser printers. Inkjet printers have a low start-up cost. The printers are less expensive than laser printers, and inkjet ink cartridges are cheaper than toner cartridges. As markets and consumers continue to evolve rapidly, several brand owners and label converters are realizing inkjet printing is the best option to keep up with modern trends like fast availability and personalization.
- Contemporary inkjet printers use two leading technologies: drop-on-demand (DOD) and continuous inkjet technology(CIJ). Continuous inkjet technology uses a high-pressure pump to direct liquid ink from an ink reservoir using a microscopic nozzle gun body, creating a constant stream of ink drops. The continuous inkjet method is applicable for coding and marking products. CIJ (continuous inkjet printers) are preferred over manual systems by consumers for printing on bottles and packages. Additionally, several end users are switching from traditional analog technologies to digital coding solutions.
- The inkjet printers offer several benefits, such as high-speed printing, printing characters on virtually any material, and running for long hours with minimum cost-effectiveness and servicing requirements. Owing to such additional benefits, the application of inkjet printers is growing in the aerospace, food, and beverage sectors, thus driving the growth of the Indian inkjet printer market.
- ColorJet Group, an India-based manufacturer of digital textile printers which markets its products in 20 countries worldwide, recently has sought government support for its future research and development (R&D) in digital textile printing . The shift from traditional textile printing to digital ensures a reduction in the carbon footprint and is the need of the hour. As India's largest manufacturer of digital inkjet printers, ColorJet is fulfilling the vision of India's Prime Minister by manufacturing world-class digital textile printers that are being applauded and installed globally.
- Despite declining demand, inkjet printer shipments grew recently, primarily by Epson. Ink tank printers drive the growth, which recorded the highest growth in the last five quarters due to high demand from the commercial segment and government bodies. However, advertisement and promotional materials took a big hit since significant exhibitions and events were postponed and canceled. They are expected to return when the industry revives. Packaging printing, including the label market, is showing steady demand because of the multiple options in packaging.
- The COVID-19 pandemic has spurred the demand for inkjet printers in India. The need for inkjet printers has risen due to consumers working from home and e-learning segments. Home consumers prefer high-capacity ink-tank inkjet printers due to their high yields and low cost.
India Inkjet Printer Market Trends
This section covers the major market trends shaping the India Inkjet Printer Market according to our research experts:
Large Format Inkject Printers to Hold Major Share
- The significant factors fueling the growth of inkjet printers include increasing demand for large format printing in the packaging industries, textiles, advertising; and rising adoption of UV curable inks in outdoor advertising, CAD, and technical printing applications; and the increasing importance of digital document production in commercial printing applications.
- The rising demand for large format printers for home furnishing and decor and vehicle wrap applications, the increasing requirement for large format printing from the in-plant market, as well as the availability of varieties of large format printers with a varied price range are creating tremendous growth opportunities for the players in India.
- The increased emphasis on maintaining color consistency across batches has led to an increase in dye sublimation and other direct-to-fabric processes resulting in the shift from traditional analog screen printing to inkjet printing format production. In October 2022, Canon India is printing its printing lines at PrintPack India 2022. The company said they would foresee an increase in digital printing due to the inherent advantages of print and flexibility on demand, an increase in investment from tier 2, 3, and 4 cities, and more investment in more reliable and sustainable print equipment than just the low-value investments.
- According to the IBEF, the market value of the Indian textile industry recently was worth USD 223 billion. Demand from the textile industry is anticipated to increase at the next fastest rate. Quick turnaround is a growing priority of textiles as the fashion segment comprises multiple mini-seasons and print-on-demand delivery. This step suits inkjet production with its decreased setup times and generates direct online sales of printed clothing and household decor.
The Commercial Segment is Expected to Witness Significant Growth
- The significant advantage of using inkjets is their ability to produce short runs and unique products effectively. Online ordering and specification growth using web-to-print technology drives commercial printing. Inkjets' capacity to produce short runs and one-off products has reinforced its role as a critical enabler in such an ecosystem.
- India is one of the largest producers of apparel and textile. Inkjet printers are likely in high demand because of their growing use in graphics printing, clothing and textiles printing, computer-aided design (CAD), and technical printing applications. The growth in the market for large format printers is likely to be observed in signage, and advertising applications in India, mainly due to the booming economy. According to FICCI, the value of the print industry across India has been over USD 2.75 billion in recent times. You can expect these statistics to exceed INR 250 billion (USD 3.1 billion) by 2024, indicating a CAGR of around 3%.
- Also, several vendors providing inkjet printers in large numbers offer all-in-one printers, as many businesses widely use them. As the new small companies ramp up in the region, these vendors are introducing new technologically integrated all-in-one printers as a part of their product portfolio. The major players in this segment are HP Inc., Canon, Epson, etc., contributing to the growth of inkjet printers.
- Inkjet printers, on a global basis, including India, enjoyed positive year-over-year growth in unit shipments. In India, the development is driven primarily by the online channel segment in preparation for the sales events in the run-up to the Diwali Festival. Ink tank printers will continue gaining traction and compensate for the decline in shipments of laser printers. The government of India's continuous efforts to crack down on the reconditioned copier market will also translate into strong demand for original lasers.
India Inkjet Printer Industry Overview
The India Inkjet Printer Market is highly competitive, owing to several market players holding significant market shares. The market has vibrant competitiveness, whether product launches, mergers, takeovers, or new marketing strategies. Canon, Brothers Industries Ltd, Epson India Pvt Ltd., Linx Printing Technologies, Videojet Technologies Inc., Jet Inks Pvt Ltd, Advanced Industrial Micro Systems, KGK Jet India Pvt Ltd, and many more are among the major players in the market. The companies are involved in many growth and expansion strategies to get a competitive advantage. Several business participants also follow the value chain alliance with business transactions in various value chain steps.
July 2022 - Colorjet Group, the largest manufacturer of digital inkjet printers and the fastest growing wide format digital inkjet print leader in the Indian sub-continent, announced its largest retail branding network unit Colorjet Alliance at the recently concluded In-store Asia, the largest trade fair in India, Mumbai. Colorjet Alliance provides all unique retail branding requirements like in-shop/outshop and many more through its PAN India network of 5000+ retail branding partners across India, expanding from tier 1 to tier 5 cities.
March 2022 - Canon launched one of its exclusive PIXMA Zones in Tilak Nagar, Pune's key IT Market hub. With this launch, Canon furthers its plan to expand its regional retail presence and strengthen its foothold in the consumer printing segment by enabling a broader spectrum of consumers. Furthermore, the all-new PIXMA Zone aims at familiarizing consumers range of Canon inkjet & laser printers and is a stop for the supply of genuine ink, toner cartridge, and photo paper.
India Inkjet Printer Market Leaders
Canon India Pvt. Ltd.
Epson India Pvt. Ltd.
JET INKS PVT LTD.
Colorjet Group
Brother International (India) Pvt Ltd.
*Disclaimer: Major Players sorted in no particular order
India Inkjet Printer Market News
- July 2022 - Brother's International's new A3 Business Inkjet Printer series offers business-class performance, quality, and reliability, all at a low cost per page. Designed to deliver greater productivity possibilities at lower prices, these versatile multifunction centers can print a wide range of media formats and sizes of up to A3 and do it all with greater cost-efficiency, reliability, and the speed businesses today demand. With the built-in wireless, mobile, and web connectivity features, the workforce can enjoy effortless business productivity from just about any device.
- February 2022 - Canon Strengthens its Line-up of Inkjet printers for businesses with the launch of MAXIFY GX5070. The printer combines low color printing costs with speed, paper handling, and networking capabilities to give firms and offices a boost in efficiency and productivity. The MAXIFY GX5070 is built especially for partners in the public and private sectors across healthcare, education, e-commerce, logistics, and retail segments to enable more accessible and more efficient operations management and safeguard customers against any data breach and loss. The company is hopeful that the MAXIFY GX5070 will offer the most reliable, cost-effective, and productive solution to the smart printing needs of the customers.
India Inkjet Printer 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 Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 on the India Inkjet Printer Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Shift in Consumer Demands and Increasing Adoption of Ink Tank Printers
5.1.2 Increasing Flexibility in terms of Speed and Cost Control
5.2 Market Challenges
5.2.1 Technological Limitations and Competition from Laser Printing
6. MARKET SEGMENTATION
6.1 By End-user Industry
6.1.1 Books
6.1.2 Commercial Print
6.1.3 Advertising Print
6.1.4 Transactional Print
6.1.5 Labels
6.1.6 Packaging
6.1.7 Security
6.1.8 Other Print Formats (Photobooks, Magazines, Newspapers, and Catalogs)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Canon India Pvt Ltd.
7.1.2 Epson India Pvt Ltd.
7.1.3 Jet Inks Pvt Ltd.
7.1.4 Colorjet Group
7.1.5 Brother International (India) Pvt Ltd.
7.1.6 Control Print Ltd.
7.1.7 Videojet Technologies Inc.
7.1.8 Advanced Industrial Micro Systems
7.1.9 KGK Jet India Pvt Ltd.
7.1.10 Linx Printing Technologies
7.1.11 Markem-Imaje India Pvt Ltd.
7.1.12 Spravaj Techno Services
7.1.13 Konica Minolta Business Solutions India Private Limited
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
India Inkjet Printer Industry Segmentation
The India Inkjet Printer Market is segmented by End-user Industry (Books, Commercial Print, Advertising Print, Transactional Print, Labels, Packaging, and Security). The market sizes and forecasts are in terms of value (USD million) for the above segment. Inkjet printers have contributed to the development of digital printing, which entails spraying tiny drops of liquid ink onto designated substrates like paper. This process enables photo-quality equivalent images. Inkjet printers offer an economical alternative to other print processes offering total variability and low set-up costs, enabling economic printing of runs down to single copies.
| By End-user Industry | |
| Books | |
| Commercial Print | |
| Advertising Print | |
| Transactional Print | |
| Labels | |
| Packaging | |
| Security | |
| Other Print Formats (Photobooks, Magazines, Newspapers, and Catalogs) |
India Inkjet Printer Market Research FAQs
What is the current India Inkjet Printer Market size?
The India Inkjet Printer Market is projected to register a CAGR of 3.85% during the forecast period (2024-2029)
Who are the key players in India Inkjet Printer Market?
Canon India Pvt. Ltd., Epson India Pvt. Ltd., JET INKS PVT LTD. , Colorjet Group and Brother International (India) Pvt Ltd. are the major companies operating in the India Inkjet Printer Market.
What years does this India Inkjet Printer Market cover?
The report covers the India Inkjet Printer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Inkjet Printer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Inkjet Printer Industry Report
Statistics for the 2024 India Inkjet Printer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Inkjet Printer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
