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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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).
- The rising advertising needs of enterprises globally and extensive technological proliferation currently signify the key factors augmenting the market growth. Further, organizations are progressively adopting commercial printers due to their advantages, such as being more cost-effective and efficient for bulk printing.
- The growth of e-commerce is driving demand for better packaging solutions worldwide, and so are the production printers, which meet the market's needs, where competition is very high. The evolution of e-commerce is expected to create demands for printing methods that match this industry's speed, volume, and standardization.
- The launch of new production printers by vendors operating in the market is promoting the shift to digital printing with value-added printing. For instance, in September 2023, Ricoh Company Ltd launched its latest production printer, the RICOH Pro C7500, which offers high-quality and value-added printing with improvements in paper transportation, toner transfer, and support for an expanded media range. This printer comes with a base print speed of 85 pages per minute (ppm) that can be upgraded to 95 ppm via an optional productivity upgrade unit.
- The rise of digital marketing and online reading is significantly transforming the production printer market. As demand for printed marketing materials and publications declines, the need for production printers is decreasing. Consequently, market growth is expected to be constrained as digital marketing and online reading gain further traction. However, certain segments, such as packaging and label printing, continue to exhibit strong demand for production printers.
- The surge in connected multi-function printers (MFPs) presents a pivotal opportunity in the production printer market. With the proliferation of smart-connected MFPs, vendors are poised to attract businesses, particularly small and medium enterprises (SMEs). These intelligent MFPs streamline the transition from paper to digital, empowering businesses to boost efficiency. They achieve this by predicting failures, minimizing interruptions, and refining workflows. This trend also prompts print solution providers to focus on product differentiation through innovation and swift market delivery.
- The COVID-19 pandemic and subsequent lockdowns, coupled with economic uncertainties, significantly reduced print volumes across sectors, lowering demand. The surge in e-commerce, spurred by the crisis, underscored the need for streamlined packaging and labeling, consequently fueling demand for specific production printer types. Post-pandemic, print volumes rebounded with a notable shift. The focus shifted toward short-run, high-quality printing, personalization, and automation, driving demand for digital production printers capable of handling diverse print jobs efficiently.
Production Printers Market Trends
Packaging Segmented to Hold Major Share
- 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/mainstream print on product packaging that can be scanned with a smartphone for additional display of data, such as product info and promotional content.
- 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.
- The shift away from plastic packaging and increasing focus on recyclability is driving this trend. Paper-based packaging offers a renewable and biodegradable alternative, aligning with the circular economy principles. Additionally, advancements in paperboard technology have enhanced its barrier properties and printability, making it a viable choice for various product categories contributing to the rising adoption. Thus, the growing consumption of paper and cardboard packaging will further create demand for printing services, supporting market growth.
- Stringent packaging guidelines, which emphasize product information, traceability, and sustainability, necessitate high-quality printing for labels, cartons, and packaging materials. Production printers are essential in meeting these demands, ensuring precise and consistent printing. Additionally, as regulations on product labeling, advertising, and consumer information become more stringent, the need for accurate and compliant print materials is increasing. These factors, combined with data privacy and security mandates, are driving the adoption of production printers to ensure compliance and mitigate risks.
- With the growing demand for packaging printing with sustainability and customization, printing businesses are transforming the printing and packaging sector with new initiatives. For instance, in September 2023, MyPerfectPack started offering printing and packaging services with no minimum order quantity (MOQ), eliminating constraints for businesses of all sizes and allowing them to access quality printing and packaging solutions without limitations.
Asia=Pacific Expected to Register Faster Growth
- Despite the pandemic-induced slowdown, commercial printing in India experienced growth, driven by the widespread adoption of digital platforms across various industries. In recent years, the printing sector has rapidly transformed, propelled by technological advancements and an increasing consumer preference for digital experiences.
- The volume growth of commercial printing, decentralization of digital printing, and its expansion in tier-II and III cities are driving new applications for the printing industry in India, as most of the industries embracing digitalization to stay competitive in a dynamic landscape require an increased need for printing materials.
- In addition, the growing export of books and publications has seen a rise, creating demand for commercial printing and, ultimately, for production printers from commercial printing businesses. For instance, according to India’s Department of Commerce, in the financial year 2023, the export value of books, publications, and printing from India was approximately USD 382 million. This was an increase of over 5% compared to 2022, reflecting a recovery trajectory since the COVID-19 pandemic.
- The expansion of commercial printing businesses into packaging printing is likely to create demand for production printers. In June 2024, Mi’er, a company focused on commercial printing and book publishing, announced expansion into personalized label and flexible packaging production with two new digital presses. Such expansion of the printing business is expected to further bolster demand for advanced production printers to achieve the desired efficiency and print quality.
- Moreover, the key vendors are leading the way in the development of production printers with better color management and variable data printing. For instance, in April 2023, a new VersaOBJECT brand of goods was introduced by Roland DG Corporation, a major global producer of wide-format inkjet printers and printers/cutters that can print vivid colors directly on a range of three-dimensional objects. Six CO types, four with fixed flatbed tables and two with belt systems, are added to the array of large-format UV-LED flatbed inkjet printers, giving consumers a variety of possibilities.
Production Printer Industry Overview
The production printer market is fragmented, with a large number of players competing in it and witnessing strategic initiatives such as mergers, acquisitions, product launches, and others. Some of the major players include Xerox Corporation, Hewlett-Packard Development Company LP, Ricoh Company Ltd, and Canon Inc.
- In January 2024, Nexa3D, a 3D printing provider for packaging, automotive, manufacturing, and medical industries, acquired Essentium Inc., a high-speed extrusion (HSE) 3D printers and materials manufacturer. Through this acquisition, the company plans to drive innovation and deliver solutions that redefine the production capabilities of 3D printing.
- In October 2023, Kyocera Document Solutions Inc. introduced the TASKalfa Pro 55000c, a commercial inkjet production printer that supports various media, including offset-coated paper. To contribute to growth in the printing industry and to introduce highly productive inkjet products to the market, Kyocera launched the TASKalfa Pro 15000c cut-sheet digital inkjet color printer in 2019, thereby entering the commercial printing market.
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. signed a memorandum of understanding (MoU) to commence a feasibility study for a strategic alliance in the multifunction printer (MFP), office printer, and production printer segments. Konica Minolta and FUJIFILM Business Innovation are actively evaluating a business partnership to enhance their business foundation, including the development of a robust supply system for their products.
- September 2023: Kodak unveiled its advanced water-based ink and primer products 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 introduced two new brands: Kodak Ektacolor Inks and Kodak OptimaxPrimers.
Production Printers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption 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)
- *List Not Exhaustive
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 | |||||||
| |||||||
| |||||||
| |||||||
| 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
Statistics for the 2024 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 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
