Printing Machinery Market
Introduction
Printing machines have played an indispensable role in human communication and information dissemination for centuries. These remarkable devices have evolved significantly since the invention of movable type by Johannes Gutenberg in the 15th century. Today, printing machinery encompasses a wide range of technologies and applications, enabling the efficient transfer of text, designs, and images onto various media using ink. In this article, we will explore the evolution of printing machinery and its ever-expanding role in offices and institutional organizations.
Rise in disposable income of consumers around the world and newspapers, magazines, books among other products of the global print media industry becoming more affordable are expected to boost the printing machinery market growth. In addition, rising global population and urbanization are also causes behind the continued demand of print media in advertising applications worldwide.
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Printing machines are used widely in the advertising industry for printing of posters, flyers, billboards, flexes, among other applications. Print media and printing of labels also find application in various office and admin use due to its high printing speed. These machines are used to print magazines, newspapers, books, labels and find application in office and admin use due to the high speed of printing. However, replacement of conventional printers with digital printers is expected to limit the affordability options for customers, which in turn is expected to limit the growth of the market.
Advancements in technology are leading to addition of new features in printing machinery, which is helping in providing fast and efficient task. This in turn is expected to offer lucrative opportunities for the market.
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Market Statics:
The printing machinery market size was valued at $16.5 billion in 2021, and is estimated to reach $20.5 billion by 2031, growing at a CAGR of 2.2% from 2022 to 2031.
Key Segments:
By End User –
Packaging
Publication
Others
By Business Type –
OEM
Aftermarket
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Netherlands, Switzerland, Rest Of Europe)
Asia-Pacific (China, Japan, South Korea, India, Rest Of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
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Top Players:
3D Systems, Mark Andy, Printronix, Koenig & Bauer AG, Einbecker Kennzeichnungssysteme GmbH, Docod Precision Group Co. Ltd, Autoprint Machinery Manufacturers Pvt. Ltd., Weber packaging Solutions, Inc., Canon Inc., Manroland Goss, Proto Labs, Inc., Apex Machine Company Inc., HP Development Company, LP, Heidelberger Druckmaschinen AG, Zhejiang Feida Machinery Co Ltd., Komori Corporation, Laser Lines
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