Articles

Inkjet Printers Market Size, Share, Outlook, Top Trend, Growth and Forecast 2027 | Credence Research

by Sarena Peter Sr. Research Manager
The latest market report published by Credence Research, Inc. Globally, the inkjet printers market is expected to grow with a CAGR of more than 7.2% during the forecast period from 2019 to 2027, starting from US$ 45.18 Bn in 2018. 

In an age dominated by digital communication, the inkjet printers market remains remarkably resilient, continuing to evolve and adapt to the ever-changing demands of businesses and consumers alike. Over the decades, inkjet technology has transformed, leading to significant advancements in print quality, speed, and versatility.

The primary allure of inkjet printers lies in their ability to produce high-resolution images at a fraction of the cost of traditional printing methods. With innovations in ink formulations and nozzle designs, today's inkjet printers offer unparalleled color accuracy and detail, making them indispensable in sectors like advertising, graphic design, and photography.

Moreover, the shift towards compact home offices and remote working trends has further buoyed the inkjet printers market. The demand for compact, multifunctional printers that can cater to scanning, copying, and high-quality printing needs has surged. For households juggling work and study needs, the modern inkjet printer has become a quintessential tool.

Another notable trend is the rise of eco-friendly ink formulations and sustainable printing solutions. As environmental concerns become more pronounced, manufacturers are exploring ways to reduce the carbon footprint of their products. From refillable ink systems to cartridge recycling programs, the industry is becoming more environmentally conscious.

However, the market isn't without challenges. Laser printers, with their fast printing speeds and decreasing costs, pose stiff competition. Additionally, the initial low cost of inkjet printers often juxtaposes with high cartridge replacement costs, leading to long-term expense concerns for many users.

In conclusion, the inkjet printers market, though mature, continues to exhibit dynamism. Manufacturers are consistently innovating, focusing on enhancing print quality, reducing operational costs, and promoting sustainability. As the balance between digital and physical media continues, inkjet printers are certain to retain their pivotal role in bridging the two realms.

Browse the Full Report: https://www.credenceresearch.com/report/inkjet-printers-market

List of Companies Covered:

Some of the prominent players operating in the inkjet printer market include Canon Inc., HP Inc., Brother Industries Ltd., Xerox Corporation, Seiko Epson Corporation, Hitachi Industrial Equipment Systems Co., Ltd., Domino Printing Sciences plc, Lexmark International Inc., Videojet Technologies, Inc., and Inkjet, Inc., among others.

By Segmentation Types:

By Printer Type

  • Single functional Printers
  • Multi-functional Printers
  • Large Format Printers
  • Industrial Inkjet Printers
  • Textile Inkjet Printers
  • Inkjet Press

By Technology Type

  • Continuous Inkjet
  • Drop on Demand
    • Thermal DOD
    • Piezoelectric DOD

By Substrate Type

  • Plastic
  • Metal
  • Paper
  • Fabric
  • Ceramic
  • Others

By End-use  Type

  • Consumer
  • Institutional
  • Industrial
    • Packaging
    • Publishing
    • Photography
    • Textile
    • Advertisement

By Geography Type

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

 

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About Sarena Peter Junior   Sr. Research Manager

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Joined APSense since, October 8th, 2023, From San Jose, United States.

Created on Oct 18th 2023 12:07. Viewed 99 times.

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