Production Printer Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The production printer market is estimated to witness a CAGR of 5.26% over the forecast period. New technology innovations, the growing number of profitable business models, and the continuing shift to just-in-time production are anticipated to fuel the market over the forecast period.
Key HighlightsThe Production Printer Landscape is a consolidated market with a few players dominating the market. The market entry barriers for the vendors are very high, and established players with deep pockets dominate the market.
In April 2022, with the introduction of its brand-new cut-sheet digital color press, the imagePRESS V1000, Canon Europe created a new benchmark in production printing. The new device incorporates advanced technological features and performance attributes to overcome the daily production challenges faced by commercial and in-house print service providers, establishing it as the next generation in the evolution of the imagePRESS family.
In April 2022, the Agfa-Gevaert Group announced the acquisition of Inca Digital Printers. Agfa's position in high-speed digital printing is anticipated to be strengthened by the acquisition, which will also increase its focus on the packaging printing market. The purchase includes a line of recently developed single-pass printers for various packaging applications, a portfolio of existing high-speed multi-pass printers with a strong service organization, and a jointly developed in-line Print Engine with top corrugator manufacturer BHS Corrugated.
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