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Advanced Printer Market (Technology - Laser, Thermal, Inkjet, and Other Technologies; Connectivity - Wireless, and Wired; Application - Apparel & Textile, Cad & Technical Printing, Commercial & Publication Applications, Advertising & Décor, Signage, Office & Professional Applications, and Other Applications; End User - Commercial, Industrial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : July, 2020

  • Rep Id : ICT1440

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the advanced printer market provides an in-depth analysis of segments and sub-segments in the global as well as regional advanced printer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional advanced printer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global advanced printer market. According to the report, the global advanced printer market is projected to grow at a CAGR of 3.2% over the forecast period of 2020-2026.

 

Market Insight

The recent coronavirus outbreak across the world is leading to widespread fear and uncertainty in the market. The printing industry is among the worst-hit industries at the hands of the pandemic. Furthermore, the reduction in demand from end-use industries such as signage, label, advertising, and textile manufacturers are critically affecting the market. In addition, lockdown enforced by governments, supply chain distribution, and a decline in customer base is likely to impede the growth of the advanced printer market in 2020. However, it is estimated that the COVID-19 crises will create new opportunities for companies offering collaborative platforms in the near future.

 

With the adoption of industry 4.0 across several industrial sectors, advanced printers are expected to be connected by data to optimize the manufacturing process in a spectrum of industries. That, in, turn, drives the growth of the global market. In addition to that, 3D printing technologies continue to witness consistent growth including the healthcare industry, automotive industry, aviation industry, and Construction & Architecture industry. The development of 3D printing technology is likely to have a positive impact on the growth of the global advanced printer market during the forecast period. Besides this, efforts are taken by the government regarding the development of the textile and apparel industry is anticipated to have a positive impact on the growth of the market.

 

Players operating in the global advanced printer market are continuously focusing on the development of improved and cost-effective printers that are capable of generating high-quality prints. This is likely to create greater growth opportunities for the market. Moreover, several advanced printer manufacturers are entering the market with more affordable and consumer attractive printers to strengthen the position in the global advanced printer market. The rising research and development and new product launches will create immense opportunities for the market in the near future. For instance, In June 2019, ColorJet India Ltd., the biggest Indian manufacturer of digital printers, launched a ‘Vastrajet.’ It offers customers the flexibility to use ink of their choice. Such new launches are anticipated to create a lucrative growth prospects in the market.

 

Among the region, North America holds the largest share in the global advanced printer market and is anticipated to remain dominant throughout the forecast period. The growth of this region is driven by the presence of leading manufacturers, new product launches, and strategic alliances among the industry players. Moreover, the growth of the Europe advanced printer market is due to the high investment in 3D printing technologies, growth in industrialization, and growing demand for advanced printers in this region. In addition, Europe is home to several additive manufacturing industry players. Expanding the demand for 3D printers in the manufacturing sector is another key factor boosting the growth of the market in this region. On the other side. the advanced printer market in the Asia Pacific is expected to grow with a significant CAGR throughout the forecast period owing to growth of end-use industries in this region.

 

Segment Covered

The report on the global advanced printer market covers segments such as technology, connectivity, application, and end user. On the basis of technology, the sub-markets include laser, thermal, inkjet, and other technologies. On the basis of connectivity, the sub-markets include wireless, and wired. On the basis of application, the sub-markets include apparel & textile, cad & technical printing, commercial & publication applications, advertising & décor, signage, office & professional applications, and other applications. On the basis of end user, the sub-markets include commercial, industrial, and residential.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Sharp Corporation, Seiko Epson Corporation, Panasonic Corporation, Lexmark International, Inc., Kyocera Corporation, Konica Minolta, Inc., The Hewlett-Packard Company, Canon Inc., Brother Industries, Ltd., and Other Companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the advanced printer market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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