February 27, 2020
Inkjet Printers

Inkjet Printers Market: Asia-Pacific is expected to grow at a highest CAGR during the forecast period

The global market for inkjet printers is set to grow by more than 7.2 per cent during the forecast period from 2019 to 2027, starting from US$ 45.18 billion in 2018.

Globally, with the rapid evolution of e-commerce and m-commerce, demand for a good and effective way to highlight brands and communicate well with customers has begun to increase. This has increased the acceptance of the inkjet, as it helps to communicate effectively with the end customer. Inkjet technology is developing gradually and is now considered to be economical and reliable compared to other techniques. Moreover, the ability of inkjet printers to provide high-quality and high-speed prints also drives attention towards it and increases its adoption.

With continuous technological advancements and research studies, manufacturers are exploring new features and features that can be integrated into future models of inkjet printers. This gives players a great opportunity to make their product more distinctive and thus gain traction in the market. However, the high cost of printers and cartridges compared to other traditional machines and accessories is likely to restrict the growth of this market during the forecast period.

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Based on the type, the market for inkjet printers is divided into desktop printers, multifunctional printers (MFPs), large format printers, industrial inkjet printers, inkjet printers and textile printers. The segment of multifunctional printers is expected to hold the largest market share in the global market for inkjet printers. The huge market share of this product segment was mainly due to its increasing acceptance on the basis of integrated features, high-speed and multi-functional capability and affordability.

Based on geography, North America dominates the market for inkjet printers by holding the largest market share of the total revenues generated worldwide. Advanced technology penetration is high in the North American region, which is the primary fuel for the adoption of inkjet printers. The North American inkjet printer market was also led by the US, as a large number of players operating in the global inkjet printer market are based in the US and the strategic activities of these players are driving the growth of this market.

However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period, as this regional segment offers significant opportunities based on low manufacturing costs and low labor costs. This makes Asia-Pacific an ideal location to set up production plants for bulk production. Moreover, increasing penetration of advanced technology, and growing industrialization is driving the demand for innovative tools such as inkjet printers in this region.

Some of the major companies profiled in the report include Canon Inc., HP Inc., Brother Industries, Ltd., Xerox Corporation, Seiko Epson Corporation, Hitachi Industrial Equipment Systems Co., Ltd, Domino Printing Sciences plc, Lexmark International Inc., Videojet Technologies, Inc., and Inkjet, Inc., among others.

Key questions answered in this report

  • What was the market size of inkjet printers in 2018 and forecast up to 2027?
  • Which is the largest regional market for multifunctional printer segment?
  • What are the major trends followed in inkjet printers market across different regions?
  • Who are the key inkjet printers companies leading the market?
  • What are the key strategies adopted by the leading inkjet printers companies in market?

Get sample copy of the report: https://www.credenceresearch.com/sample-request/59819

David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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