Production Printer Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025

The production printer market share is expected to increase by USD 690.03 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3%.

This production printer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers production printer market segmentation by technology (offset printing and digital printing), application (transactional, promotional, publishing, packaging, and others), and geography (APAC, North America, Europe, South America, and MEA). The production printer market report also offers information on several market vendors, including Agfa-Gevaert NV, Canon Inc., Eastman Kodak Co., Heidelberger Druckmaschinen AG, Hewlett Packard Enterprise Co., Konica Minolta Inc., KYOCERA Corp., Ricoh Co. Ltd., Sharp Corp., and Xerox Corp. among others.

What will the Production Printer Market Size be During the Forecast Period?

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Production Printer Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increase in the demand for production printers with the inkjet printing technology is notably driving the production printer market growth, although factors such as increasing cost of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the production printer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Production Printer Market Driver

One of the key factors driving growth in the production printer market is the increase in the demand for production printers with the inkjet printing technology. The demand for inkjet production printers is growing due to their high efficiency, low cost, large sheet size, high image quality, and high speed.  To increase the response to such advertisements, vendors personalize the content through digital printing by using inkjet printing technology. Digital printing helps in eliminating the waste in the supply chain and printing process by using inkjet printing technology. It also uses print-on-demand technology. All business organizations are focusing more on customizing the content with the help of digital printing (by using production printers). To cater to this growing demand for inkjet printing technology, the production printer manufacturers are developing high-speed production printers, incorporating new technologies. 

Key Production Printer Market Trend

Research analysis on the global production printer market identifies that the rise in POD services will be one of the major factors that will have a positive impact on the market's growth. Print-on-demand (POD) is the printing procedure, where books or copies will be printed based only on the orders received or on the demand.  This will reduce the risk of inventory management, and the publisher can keep the cost of printing under control. Benefits such as minimal financial risks, no risk of inventory management, and minimal setup cost are attracting several companies in the POD market. The increasing preference towards POD will subsequently fuel the growth of the production printer market.

This production printer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Production Printer Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Agfa-Gevaert NV
• Canon Inc.
• Eastman Kodak Co.
• Heidelberger Druckmaschinen AG
• Hewlett Packard Enterprise Co.
• Konica Minolta Inc.
• KYOCERA Corp.
• Ricoh Co. Ltd.
• Sharp Corp.
• Xerox Corp.

This statistical study of the production printer market encompasses successful business strategies deployed by the key vendors. The production printer market is concentrated and the vendors are deploying growth strategies such as enhancing their product portfolio to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The production printer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Production Printer Market?