It is estimated that the global commercial printer market will be worth US$ 789.5 million in 2022. The commercial printer market is expected to grow at a 2.3% CAGR and reach US$ 987.9 million by 2032.
Because of the increasing integration of commercial printers into office infrastructure and their transformation in the printing industry, the commercial printer market is one of the fastest growing markets.
Furthermore, the commercial printer market expansion is attributed to the global digitalization of various ventures. The popularity of advanced printing has fueled the demand for master printers, which increases efficiency.
Commercial printers have become commonplace in both homes and workplaces, and many professional photographers are using them as well. Film photography is becoming more popular among photography enthusiasts and professionals.
Commercial Printer Market is one of the rapidly expanding markets as a result of the growing integration of Commercial Printers in office foundations and variation in the photograph printing industry. These variables have resulted in the rapid expansion of Commercial Printer all over the world. Furthermore, the global digitalization of various businesses will fuel the growth of the Commercial Printer Market.
Commercial printers are high-quality printers with advanced printing features such as a multi-sensor with built-in densitometer calibration, a colour calibration management system, a MicroPiezo AMC print head, and so on. Furthermore, commercial printers are used to transfer information or data from electronic to paper format. Today's commercial printers are built to provide 3D professional printing and high-quality visual printing services.
Commercial Printer Market: Drivers and Challenges
The major growth drivers of the Commercial Printer Market include rise in demand from office infrastructure Integration and educational institutions. In addition, increased flexibility and responsiveness of Commercial Printers will drive the growth of Commercial Printer Market. Rising digitalization of various industries has to lead growth of the Commercial Printer across the globe.
Major challenges of Commercial Printer Market are increasing adaptation of ePaper, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of Commercial Printer Market.
Competition Landscape
Key contracts
Key Contracts in Commercial Printer Market are as:
- In August 2016, Honeywell International, a U.S. based commercial and consumer products manufacturer launched new Professional Printer “PM42” in order to provide heavy-duty printing.
- In September 2016, HP Inc., an American technology company, announced to acquire Samsung’s printer business for $1.05 billion, with an objective to compete in the copy machine market.
Key Players
Some of the major players in Global Commercial Printer Market are Canon, HP Inc., Seiko Epson, Brother Industries, Kyocera, Lexmark, Fujitsu, Ricoh, Apple Inc., Honeywell International, Xerox, Lexmark, Printeron, Epson and Zebra Technologies
Regional Overview
North America and Asia Pacific (APAC) is holding the largest market share for Commercial Printer Market due to rise adaptation in various offices. Europe is fastest growing market for Commercial Printer due increased flexibility and responsiveness of Commercial Printers.
Sturdy economic progress and rising digitalization of various industries are driving the Commercial Printer Market in MEA region. The Demand for Commercial Printer Market has risen dramatically over the past two years globally.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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