Production Printers Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Global Production Printing Market Companies and it is segmented by type (monochrome, color), production method (continuous feed, cut fed), technology (inkjet, toner), application (commercial, publishing, packaging), and geography (orth America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Rest of Europe), Asia-Pacific (India, China, Japan, Rest of Asia-Pacific), and the Rest of the World). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Production Printers Market Size

Production Printer Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR 4.07 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Production Printer Market

*Disclaimer: Major Players sorted in no particular order

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Production Printers Market Analysis

The production printer market size is expected to grow from USD 6.082 billion in 2023 to USD 7.424 billion by 2028, at a CAGR of 4.07% during the forecast period (2023-2028).

  • The growth of printing applications in packaging and the increased sales of Inkjet printers as a result of the introduction of high-performance Inkjet printers are expected to drive the market over the forecast period.
  • Various end-user industries, such as packaging, marketing materials, and promotional goods, are surging the demand for high-quality production printers. In addition, including customized marketing messages in promotional and marketing strategies is one of the key drivers in the production printer industry. This is generating a substantial requirement for personalized printing content, which is being provided by commercial printing organizations that leverage digital printing technologies.
  • In addition to this, the rising advertising needs of enterprises globally and extensive technological proliferation currently signify the key factors augmenting market growth. Further, organizations are progressively adopting commercial printers due to their advantages, like they are more cost-effective and efficient for bulk printing.
  • The production printer landscape is a consolidated market with a few players dominating the market. The market entry barriers for the vendors are high, and established players with deep pockets dominate the market.
  • The growth of digital marketing and online reading is significantly impacting the production printer market. The demand for printed marketing materials and printed publications is declining, leading to a decline in the need for production printers. Thus, the market growth is expected to be hampered in the coming years as digital marketing and online reading become even more popular. However, there are still some areas where production printers are in high demand, such as packaging and label printing.
  • The impact of COVID-19 and its restrictions significantly affected production volumes and factory operations worldwide. Production increased in the packaging sectors due to the heightened demand for food, beverage, and pharmaceutical products, which necessitated increased packaging production. Additionally, there was a surge in demand for protective equipment and shields for everyday use across the globe The growth of e-commerce is expected to drive the demand for better packaging solutions worldwide during the post-COVID-19 period. The evolution of e-commerce is expected to create demands for printing methods that can match the speed, volumes, and standardization that this industry demands.

Production Printers Market Trends

Packaging Segmented is Expected to Witness Major Growth

  • Folding cartons, flexible packaging, and label printing are the three packaging applications that demand printing and cutting, with folding cartons adding a few more processes to the file preparation (structural CAD files) and finishing (die-cutting, folding, gluing).
  • With a rise in the digital delivery of information, commercial printers have been imbibing digital technologies to enhance packaging print quality. Quick response (QR) codes have become a basic/mainstreamed print on product packaging to be scanned with a smartphone for additional display of data, such as product info and promotional content, to name a few.
  • Additionally, the need for printing from packaging and labels for tobacco products, pharmaceuticals, and alcoholic beverages is expected to increase, as the companies have to comply with dynamic government regulations and safeguard against counterfeiting frequently. The tobacco products market is expected to register revenue of over USD 1 trillion by 2027. Such tremendous growth is expected to impact the market studied as well positively.
  • Folding cartons have become the most prevalent packaging material in the food industry due to investments and innovations in design, digital printing, and sustainability. The continuous developments respond to consumers' and food manufacturers' requirements for improved shelf life and more personalization; folding carton packaging is expected to get significant adoption in the coming days.
  • Advances in the quality and accessibility of digital printing on paperboard enable increased agility for food brands of all sizes. Printing large quantities of paperboard packaging without changing graphics or coatings is very cost-effective, accelerating the demand for paper and paperboard printing across the packaging industry. However, high-volume printing limits the ability to package personalized, seasonal, promotional products and ingredient changes.
  • Rising association among the convertors and vendors surrounding packaging has led to the evolution of innovative ways of customer enticement. Online shopping and curating personalized experiences have further helped the market for commercial printing in the packaging domain. Owing to this, many packaging businesses are investing in commercial printing solutions, thus boosting the market's growth.
Production Printer Market : Forecasted Revenue of the Tobacco Products Market, in USD billion, Global, 2016 - 2027

Asia Pacific Expected to Register Major Growth

  • India, with its quickly expanding economy, expanding middle class, and rising demand for high-quality print materials is a prominent player in the global production printer market. India is a significant market for top production printer producers, including Xerox, Canon, HP, Konica Minolta, and Ricoh. Commercial printing, packaging, labeling, textiles, and other industries are just a few of India's many uses for production printers. Because of India's thriving e-commerce sector, packaging printing, for instance, has seen a significant expansion.
  • Several international printer manufacturers have opened manufacturing facilities in India due to the Indian government's "Make in India" initiative. Production printer availability and production have increased in the nation as a result. India is one of the countries accelerating the adoption of digital printing technology due to the demand for customization, smaller print runs, and quick turnaround times. For instance, the production of custom-designed materials has made digital printing more common in the textile and garment sector.
  • The Chinese economy has experienced astonishing growth in the last few decades, which catapulted the country to become the world's second-largest economy. The Chinese population is the largest and growing. Simultaneously, the economy is growing at a consistently high rate. Being home to major manufacturers and attracting multiple Fortune 500 companies, the Chinese commercial printing market and its opportunity to adopt digital printing technology have gained significance.
  • The Japanese production printer market is known for its commitment to sustainability, quality, and innovation. It leads and influences technology in the worldwide production printer market. Although it faces issues with demographics and market saturation, Japan is well-positioned for ongoing success in this dynamic market due to its emphasis on advanced technology and eco-friendly practices.
  • The demand for printing is expected to rise in the rest of the Asia-Pacific region, which includes countries like Singapore, South Korea, and Indonesia. The growing increase of nuclear families, new materials, increasing customer comfort needs, and population aging propel the industry. Another factor anticipated to drive consumer growth is the rising demand for packaged products. The growing demand for bottled water, alcoholic beverages, carbonated soft drinks, and canned juices has increased the purchase and consumption of bottled beverages.
  • Within the global production printer market, the Rest of Asia is a diverse and active region. While Indonesia is emerging as a growing market and nations like Singapore demonstrate technological proficiency, innovation is driven by South Korea. The production printer market in the rest of Asia is positioned for ongoing expansion, albeit with variances across nations and regions as digital transformation and environmental concerns gain traction. Manufacturers in this area must regularly negotiate regulatory obstacles and seize new opportunities.
Production Printer Market - Growth Rate by Region

Production Printers Industry Overview

The production printer market features prominent players like Xerox Corporation, Hewlett-Packard Development Company LP, and Canon Inc., among others, actively shaping market growth. These leading vendors are continually striving to offer cutting-edge products to entice consumers. Concurrently, smaller and emerging vendors in the market are expected to concentrate on cost-effectiveness, further escalating competitive pressures. Key factors contributing to this heightened competitive landscape include technological advancements, increased printing speed, and cost-effectiveness.

In May 2023, Ricoh and Toshiba announced a strategic partnership to consolidate their production of printers, copiers, and other office machines. The agreement, slated for implementation in 2024, will merge Ricoh and Toshiba Tec's manufacturing capabilities into a single entity, with Ricoh holding the majority stake. The collaboration between these two industry leaders will leverage their respective technologies to enhance competitiveness.

Furthermore, in January 2023, Xerox acquired Advanced UK, a hardware and managed print services provider based in Uxbridge, UK, and a long-standing Xerox Platinum partner. This acquisition empowers Xerox to expand its vertical integration, bolster its presence in the United Kingdom, and ensure seamless service continuation for Advanced UK's customer base.

Production Printers Market Leaders

  1. Xerox Corporation

  2. Canon Inc.

  3. Ricoh Company Ltd

  4. Hewlett-Packard Development Company, L.P.

  5. Eastman Kodak Company

*Disclaimer: Major Players sorted in no particular order

Production Printer Market Concentration

Production Printers Market News

  • September 2023: Kodak unveiled its cutting-edge water-based ink and primer products meticulously designed to optimize its high-speed continuous inkjet technologies, namely KODAK Stream and KODAK ULTRASTREAM Technology. These innovations significantly amplify the advantages of both technologies across a wide spectrum of applications. To underscore Kodak's rich legacy in advanced materials, chemicals, and color, the company is proud to introduce two new brands: Kodak Ektacolor Inks and Kodak OptimaxPrimers.
  • March 2023: Canon India announced the release of a new generation within the imagePRESS series, which includes the V1000 and V900 models. This exciting unveiling took place during PAMEX 2023 in Mumbai. These latest digital color press printers integrate cutting-edge technologies while building upon the success of their predecessors, enhancing media versatility and boosting overall productivity. Tailored for Light and Mid-Production Print Environments, this new series brings an array of features to the users, including adaptability, viability, high-volume printing capabilities, and vibrant print quality. It stands as the ideal choice for visionary businesses looking to stimulate their growth.

Production Printers Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Stakeholder Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growth of Printing Applications in Packaging is Expected to Drive Growth

      2. 5.1.2 Increasing Inkjet Sales Due to Introduction of High-performance Inkjet Printers

    2. 5.2 Market Restraints

      1. 5.2.1 Growth of Digital Marketing and the Practice of Online Reading

    3. 5.3 Impact of COVID-19 in Supply Chain Distribution of Production Printer Globally

  6. 6. KEY TECHNOLOGY INVESTMENTS

    1. 6.1 Cloud Technology

    2. 6.2 Artificial Intelligence

    3. 6.3 Cyber Security

    4. 6.4 Digital Services

  7. 7. MARKET SEGMENTATION

    1. 7.1 By Type

      1. 7.1.1 Monochrome

      2. 7.1.2 Color

    2. 7.2 By Production Method

      1. 7.2.1 Cut Fed

      2. 7.2.2 Continuous Feed

    3. 7.3 By Technology

      1. 7.3.1 Inkjet

      2. 7.3.2 Toner

    4. 7.4 By Application

      1. 7.4.1 Commercial

      2. 7.4.2 Publishing

      3. 7.4.3 Packaging

    5. 7.5 By Geography

      1. 7.5.1 North America

        1. 7.5.1.1 United States

        2. 7.5.1.2 Canada

      2. 7.5.2 Europe

        1. 7.5.2.1 Germany

        2. 7.5.2.2 United Kingdom

        3. 7.5.2.3 France

        4. 7.5.2.4 Italy

        5. 7.5.2.5 Rest of Europe

      3. 7.5.3 Asia-Pacific

        1. 7.5.3.1 India

        2. 7.5.3.2 China

        3. 7.5.3.3 Japan

        4. 7.5.3.4 Rest of Asia-Pacific

      4. 7.5.4 Rest of the World

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles

      1. 8.1.1 Xerox Corporation

      2. 8.1.2 Hewlett-Packard Development Company LP

      3. 8.1.3 Ricoh Company Ltd

      4. 8.1.4 Canon Inc.

      5. 8.1.5 Eastman Kodak Company

      6. 8.1.6 Konica Minolta Inc.

      7. 8.1.7 Miyakoshi Printing Machinery Co. Ltd

      8. 8.1.8 Inca Digital Printers Ltd. (Dainippon Screen Mfg. Co. Ltd)

    2. *List Not Exhaustive
  9. 9. INVESTMENT ANALYSIS

  10. 10. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

Production Printers 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, toner), application (commercial, publishing, and packaging), and geography (North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Rest of Europe), Asia-Pacific (India, China, Japan, Rest of Asia-Pacific), and the 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
North America
United States
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
Rest of the World

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Production Printers Market Research FAQs

The Production Printer Market is studied from 2018 - 2028.

The Production Printer Market is growing at a CAGR of 4.07% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2022.

Xerox Corporation, Canon Inc., Ricoh Company Ltd, Hewlett-Packard Development Company, L.P., Eastman Kodak Company are the major companies operating in Production Printer Market.

Production Printing Industry Report

Statistics for the 2023 Production Printer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Production Printer analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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