About Digital Printing
A method of printing a digitally based image directly through media file refers to as digital printing. It refers to the professional printing where minute jobs from digital sources are printed using long formats and high volume large format inkjet printers. The Global Digital Printing market is expected to grow at CAGR of 4.2% and the North America Region will gain the highest market share.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 4.2% |
The competitive landscape of the digital printing market requires a keen understanding of customer needs, technological advancements, and sustainable practices. By focusing on innovation, adaptability, and responsible production, companies can thrive in this dynamic and exciting industry.The Vendors having a strong hold in the market are Xerox (US), Hewlett-Packard (US), and Ricoh (Japan). Analyst at AMA Research estimates that United States and Japanese Vendors will contribute the maximum growth to Global Digital Printing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hewlett-Packard Development Company, L.P. (United States), Canon, Inc. (Japan), Ricoh Company, Ltd. (Japan), Mimaki Engineering Co., Ltd. (Japan), RoLAnd Dg Corporation (Japan), Xerox Corporation (United States), Seiko Epson Corporation (United States), Durst Phototechnik AG (Italy), Electronics for Imaging, Inc. (United States) and Inca Digital Printers Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Panasonic Corporation (Japan), Kyocera Electronic Devices, LLC (Japan), Kodak (United States) and Brother (India).
Segmentation Overview
AMA Research has segmented the market of Global Digital Printing market by Type (Ink, Print Head, Substrate and Others), Application (Digital printing service, IT service, Cloud service, Printer suppliers and Others) and Region.
On the basis of geography, the market of Digital Printing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Substrate, the sub-segment i.e. Glass will boost the Digital Printing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ink, the sub-segment i.e. Aqueous will boost the Digital Printing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Print Head, the sub-segment i.e. Inkjet will boost the Digital Printing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Three Dimensional Printing, Non-Paper and Plastic Materials Printing and Customized Digital Printing
Market Growth Drivers:
Increasing Adoption of Digital Printing, Enhancements in Textile and Printing Industry and Digital Printer’s Prices are Decreased Drastically
Challenges:
Increasing Demand for Digital as well as Paperless Advertisements
Restraints:
Higher Initial Investments and Unable to match Exact Colors
Opportunities:
Robust Investments in Digital Printing Research and Development and Increasing Adoption in Packaging Industry
Market Leaders and their expansionary development strategies
In December 2023, EFI and Mohawk Paper Mills partner to develop sustainable digital printing solutions using Mohawk's eco-friendly paper substrates, addressing demand for responsible printing practices.
In October 2023, HP Indigo 12000 HD has launched High-definition industrial inkjet press boasting extreme color accuracy and exceptional detail, ideal for high-value packaging and labels.
Key Target Audience
Digital Printer Manufacturers, Digital Printer Distributors and Traders, Digital Printer Equipment Manufacturers, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.