"Changing Trends in Commercial Printing Techniques Is Driving the Printing Machines Market"

Globally, the printing machines market is expected to grow with a CAGR of 4.5% during the forecast period from 2023 to 2030, starting from $ 21.28 Bn in 2021. Globally, the requirements of commercial printing are changing as several print service providers are seeking for new ways to stand out in the competitive industry. Factors such as technological advancements, digital advances of the machines, emergence of improved software and mechanized tools and penetration of automation in the industry are the primary factors driving the growth of printing machines market. Additionally, increasing investments in development of machinery that would help reduce the number of production cycles, and provide better color production is also fuelling the growth of this market.

Moreover, changing printing requirements in the packaging industry, growing need to reduce the cost of maintenance, and increasing need to relate to the growing digital channels are contributing to the increasing market of printing machines. However, varied costs of the machines and constant up-gradation in the machine technology are some of the factors likely to hinder the market growth during the forecast period. Furthermore, as the market is becoming increasingly competitive, the key players are seeking for new opportunities that would help them enhance their revenue and provide variety of advanced and high-quality products.

"Offset Lithography to Dominate the Printing Machines Market"

On the basis of products, the printing machines market is segmented into offset lithography, flexography, gravure, letterpress, digital, and others. The offset lithography segment dominated the overall printing machines market by holding the largest market share and generating a revenue of around $9.50 Bn in 2020. As offset lithography machines are more economical, they are highly adopted across industries. These machines makes the printing surface ink-adsorbent and saves the additional maintenance cost. These machines also provide high image quality, and also types more easily compared to other printing machines.

"Asia-Pacific to Witness a Significant Growth in the Printing Machines Market"    

The Asia-Pacific region is likely to witness a significant growth of over 7.5% during the forecast period. Increasing demand for advanced printing machines in emerging economies such as India and China is the primary factor fueling the growth of this market. Additionally, strategic collaborations and expansions of international players with the local manufacturers are also contributing to the growth of printing machines market in this regional segment. Furthermore, increasing awareness of advanced printing technologies, growing investments in new ways of packaging printing, and government regulations propelling the printing machine manufactures to enhance the use of inks comprising VOCs are some additional factors driving the growth of this market in Asia-Pacific.

The prominent players in the printing machines market are Bobst, Agfa, Canon, Goss International, Fujifilm, Heidelberg, KBA, HP, Xerox, Kodak, Konica Minolta, Komori, Ricoh, and Cerutti SpA.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Printing Machines market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Printing Machines market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Printing Machines market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Printing Machines market?
• Which is the largest regional market for Printing Machines market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Printing Machines market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Printing Machines market worldwide?