The printing machine utilizes different printing techniques and processes printing ink on the substrate such as cloth, paper or plastic, or metal. The printing machine is available in various types such as ink-jet printers, screen printers, embossing machines, flexographic printing machines, letterpress printing machines, offset printers, laser printers, wireless printers, 3D printers based on the end-users demand. Te upcoming developments like the use of cloud systems and artificial intelligence are driving the market demand.
Printing machine is offered in automatic, semi-automatic and manual variants with various sizes to suit different needs. The inks used in the printing machines include latex, aqueous, UV curable, and solvent inks.
The global printing machine market growth is driven by rapid technological advancement in the sector and the increasing popularity of 3-D printing among industries.
The rapid technological advancement in the sector is expected to drive the demand for the printing machine market
The printing machine market is expected to drive with rapid technological advancement in the sector. The printing market has been developing rapidly in terms of technological advancements with changing established methods. The competitive landscape has encouraged both large and small print businesses to shift to the latest developments in terms of software and machine features. Technologies such as artificial intelligence, 3D printing and big data analytics are trending in the market, resulting in lower operating costs, more profit and higher productivity. At present, automatic printing machine process are also on up-gradation to put into production more effectively. Some of the examples include, HP Inc. has expanded HP+ printing system for consumers and small businesses in 2021. The company has powered the system with a new cloud-based ecosystem for more secure, productive, and sustainable printing solutions.
The growing digital engagement for reading materials, online news, educational websites and e-books is likely to hinder the market growth
The printing machine market is impacted by the growing digital engagemnt for reading materials, online news, educational websites and e-books, threatening the printing market. According to the Bureau of Labor Statistics, employment in the printing and related activities industry is expected to decline by 19% between 2019 and 2029.
Asia Pacific region holds the largest market for global printing machine globally
Asia Pacific region holds the largest market share for the printing machine market globally and is expected to continue its dominance in the forecast period. The region leads the market in value and print volume with overall growth. The growth of the textile sector has been one of the primary reasons for market growth. For instance, China has the largest textile producing and exporting country in the world. The country exported clothes, clothing accessories, textile yarns and textile articles with almost 40% market worldwide. China is also one of the biggest forces behind 3D printing growth in automotive, healthcare and other sectors.
The printing machine has also been growing with the ongoing developments from leading market players in the region. In 2021, Yantai Youcheng Printing Equipment Co., Ltd. has launched a 4 color oval screen printing machine with UV drying. The machine can be used for various applications, including thin iron plate, acrylic, PVC film, wood, etc.
In 2020, Epson, India Pvt. Ltd. launched its first-ever industrial level Direct-to-Garment printer SureColor SC-F3030. It is a robust direct-to-garment printer designed for high productivity. In 2020, Sudharshan Machinery expanded its production facilities (1500 sq.m) in Chennai to meet the future production demands. Also, the company has launched their screen printing semi-automatic, single-phase/no compressor screen printing machine Max Print.
Competitive Landscape
The printing machine market is highly competitive with the local players presence, followed by the global companies, contributing to the significant share in the market growth. In addition, some of the key players contributing to the growth of the market are Yantai Youcheng Printing Equipment Co., Ltd, SLM Solutions, Canon USA Inc, Espon America Inc, Sudharshan Machinery, Hewlett-Packard Company, Xerox Corporation, Agfa-Gevaert, EDELMANN Printing Machines, Systematic Automation Inc, Massivit and others. Furthermore, the major players are adopting various new strategies to dominate the market, such as expansions, acquisitions, and collaborations, contributing to the global growth of the printing machine market.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
