by Printing machines are used to transfer ink onto a variety of surfaces like paper, fabric, metal, or plastic in order to produce books, magazines, newspapers, packaging, labels, and other commercial products. Printing machines include digital and conventional printing technologies. Digital printing machines directly apply ink onto the substrate in the form of droplets controlled by electronic signals. Significant advantages of digital printing machines over conventional machines include less wastage, customization, quick turnaround times and variable data printing capabilities. The ability of digital printing machines to produce customized and personalized print according to customer demand is driving its adoption across diverse industry verticals like publishing, packaging, textiles, and labeling.
The global Printing Machine Market is estimated to be valued at US$ 85.69 Mn in 2023 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The key trends in the global printing machine market include rising adoption of UV-curable inks, growing popularity of printing machines with hybrid technology and increasing integration of AI and IoT. UV-curable inks enable high-quality printing on rigid and flexible substrates at high speeds. Printing machines equipped with hybrid technologies like inkjet and digital offset provide enhanced capabilities. Leveraging AI and IoT, modern printing machines can enable predictive maintenance, remote monitoring and automated operations leading to higher productivity and uptime. Connected printing machines also allow for data-driven improvements in print quality and consistency. These emerging technologies are likely to propel the demand for advanced printing machines in the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements and availability of raw materials has lowered the threat of new entrants.
Bargaining power of buyers: Large buyers negotiate for better pricing and delivery terms owing to the fragmented nature of the industry.
Bargaining power of suppliers: Suppliers of raw materials like paper and ink have significant influence on pricing owing to the specialized nature of inputs.
Threat of new substitutes: Products like digital signage pose a potential threat though not complete substitutes owing to requirements of certain applications.
Competitive rivalry: The market is highly competitive with players differentiating based on technology, quality, and service.
Key Takeaways
The Global Printing Machine Market Size is expected to witness high growth. The global Printing Machine Market is estimated to be valued at US$ 85.69 Mn in 2023 and is expected to exhibit a CAGR of 16\% over the forecast period 2023 to 2030.
Regional analysis: The Asia Pacific region is the largest Printing Machine market globally accounting for over 35% of the total market share in 2023. China dominates the regional market owing to presence of manufacturing giants. Europe and North America are also significant markets expected to witness steady growth.
Key players: Key players operating in the Printing Machine market are Bio-Rad Laboratories, Biocept Inc., Guardant Health, QIAGEN N.V, Illumina, Inc., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Laboratory Corporation of America Holdings, MDxHealth SA, Thermo Fisher Scientific Inc.. These players are focusing on development of new technologies to gain competitive advantage.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
