Inkjet Printers

Inkjet Printers

Global Inkjet Printers Market to Reach US$67.2 Billion by 2030

The global market for Inkjet Printers estimated at US$44.1 Billion in the year 2023, is expected to reach US$67.2 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. Large Format Printers, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$37.0 Billion by the end of the analysis period. Growth in the Industrial Inkjet Printers segment is estimated at 6.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.5 Billion While China is Forecast to Grow at 9.7% CAGR

The Inkjet Printers market in the U.S. is estimated at US$11.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.0 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.5% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Inkjet Printers Market - Key Trends and Drivers Summarized

Inkjet printers have become an essential technology in both home and office settings, known for their versatility and exceptional print quality. These printers work by propelling tiny droplets of ink onto paper or various other substrates, enabling precise and vibrant printing. Capable of producing everything from simple text documents to high-resolution photographs, inkjet printers are suitable for a wide range of applications. Over the years, inkjet technology has advanced significantly, with modern printers offering faster speeds, enhanced print quality, and improved reliability. Additionally, the development of various ink formulations, such as dye-based and pigment-based inks, has expanded the capabilities of inkjet printers, allowing them to meet diverse printing needs. Innovations like wireless connectivity and cloud printing have further enhanced their functionality, enabling users to print from virtually anywhere using their smartphones or computers. These advancements have made inkjet printers indispensable in a variety of settings, from personal use to professional environments.

The evolution of inkjet printers is closely linked to advancements in printhead technology and the introduction of new materials. There are two main types of printheads used in inkjet printers: thermal and piezoelectric, each with its unique advantages. Thermal printheads, commonly found in consumer-grade printers, work by heating the ink to create a bubble that forces the ink out of the nozzle. Piezoelectric printheads, often used in professional-grade printers, utilize piezoelectric crystals that change shape when an electric current is applied, allowing for more precise control over ink droplet size and placement. The continuous improvement of these technologies has resulted in printers that can produce finer details and smoother gradients, significantly enhancing the quality of printed materials. Moreover, the availability of specialty inks, such as archival inks for long-lasting prints and UV-curable inks for printing on non-porous surfaces, has broadened the scope of applications for inkjet printers. This has made them an essential tool in industries such as graphic design, photography, and packaging, where high-quality and durable prints are crucial.

The growth in the inkjet printer market is driven by several factors. One of the primary drivers is the increasing demand for high-quality photo printing, both from professional photographers and hobbyists, which has led to the development of printers with enhanced color accuracy and higher resolutions. The rise of home offices and remote work, accelerated by the COVID-19 pandemic, has also spurred demand for reliable and affordable printers capable of handling a variety of document types. Additionally, the expansion of digital printing in commercial and industrial applications, such as textile printing, signage, and packaging, has fueled the adoption of inkjet technology due to its flexibility and cost-effectiveness. Technological advancements, including the integration of artificial intelligence (AI) and the Internet of Things (IoT), have improved printer functionality and efficiency, enabling predictive maintenance and remote troubleshooting. Environmental considerations are also influencing market trends, with manufacturers developing eco-friendly inks and energy-efficient printers to meet the growing consumer demand for sustainable products. These factors, combined with continuous innovation in printhead and ink technologies, are driving the robust growth and diversification of the inkjet printer market, making it one of the most dynamic segments in the printing industry.

Select Competitors (Total 17 Featured) -

• Brother Industries, Ltd.
• Canon India Pvt. Ltd.
• Domino Printing Sciences PLC
• Hewlett-Packard Development Company LP
• Hitachi Industrial Equipment Systems Co., Ltd.
• InkJet, Inc.
• Lexmark International, Inc.
• Seiko Epson Corporation
• Videojet Technologies, Inc.
• Xerox Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.