Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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.
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.
Please Choose One of them.