logo
logo
Sign in

Online Gaming is fastest growing segment fueling the growth of the global Printing Machine Market

avatar
Lucy Kart
Online Gaming is fastest growing segment fueling the growth of the global Printing Machine Market

The global Printing Machine Market is estimated to be valued at US$ 85.69 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Printing machines are used for producing printed material through various processes such as flexography, offset lithography, gravure, and screen printing. Printing machines offer advantages such as mass production capability, consistent quality, and versatility in printing complex graphics and images. There is growing demand for printed products across various industries which is driving the need for printing machines.

Market key trends:

The increasing demand for customized and personalized print products is one of the key trends in the printing machine market. Customers are looking for printed products that highlight their identity or brand which is fueling the demand for digital and variable data printing. Printing machines with technologies like inkjet provide opportunities for customization and personalization by enabling variable data printing and on demand short run jobs. This market trend is expected to gain further momentum over the forecast period.

Segment Analysis

The global Printing Machine market is segmented by product type and application. Based on product type, the offset lithography segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. Offset lithography allows high-volume production of printed materials with versatility, which has made it the preferred printing technology among publishers, commercial printers, and packaging companies.

Key Takeaways

Global Printing Machine Market Demand is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing demand for digital and commercial printing across various end-use industries.

Regional analysis

Regionally, Asia Pacific dominated the global Printing Machine market in 2022 and is expected to remain the fastest growing as well as dominating regional market during the forecast period. Rapid industrialization and growth of end-use industries such as packaging, publishing and textiles in major economies like China and India are driving the growth of printing machine market in Asia Pacific.

Key players

Key players operating in the Printing Machine market are Heidelberg Printing Machinery AG,Komori Corporation,Koenig & Bauer AG,Manroland Goss web systems,HP Inc.,Xerox Corporation,Canon Inc.,Ricoh Company, Ltd.,Epson,Konica Minolta, Inc. The market is concentrated in nature with top players accounting for majority of the market share.

Get More Insights on this Topic- https://www.rapidwebwire.com/printing-machine-market-growth-insights-and-future-trends/

collect
0
avatar
Lucy Kart
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more