The unique analysis of the worldwide printing machines market by Future Market Insights forecasts how demand for printing machines will change in the next years. The global market for printing machines will be worth about US$ 25.7 billion by the end of the forecast period, 2022-2026, according to the study. The market is expected to grow at a moderate CAGR of 4.3 percent over this period, as a variety of factors are expected to limit printing machine output and sales.
Environmental regulations are a major stumbling block for the worldwide printing machine industry. Printing machine manufacturers are being forced to change their production practices and build machines that can maximize the use of printing inks. Due to the presence of VOCs in these inks, tight environmental regulations are preventing the commercialization of equipment that cannot optimize the use of printing inks.
Furthermore, the survey predicts that as electronic devices become more prevalent, printing will become less necessary, limiting the demand for printing equipment shortly. Digital signage will gradually replace printed hoardings on city streets, and consumers will transition to print-free media.
As a result, leading printing machine manufacturers, who are significant stakeholders in the global printing machine market, would bear the brunt of the changing dynamics. Agfa-Gevaert Group, Océ Imagistics, Inc., Bobst Group SA, Fujifilm Holdings Corporation, Heidelberger Druckmaschinen AG, Hewlett Packard Enterprise Company, Koenig & Bauer AG, Komori Corporation, Apex Machine Company Inc., and Cerutti Group will all be active in the global printing machines market through 2026, according to the research.
Offset Lithography Printing Machines are in High Demand
The majority of significant participants in the global printing machines market are concentrating on growing offset lithography printer manufacturing. Offset lithography’s competitive edge over digital printing processes and flexography will continue to increase demand for such devices. Over US$ 12.7 billion in offset lithography printing machines are estimated to be sold globally by the end of 2026. Digital printing machines, on the other hand, will grow at a CAGR of 5.4 percent during the projection period, indicating the fastest sales.
Leading Printing Machine Markets in APEJ and North America
According to the study’s regional analysis and prediction, the printing machines market in North America and Asia-Pacific except Japan (APEJ) would rise at a rapid pace. The printing machine markets in these regions are estimated to be worth approximately US$ 4 billion by the end of 2017. Due to rising packaging industries in the US and Canada, North America is expected to see greater printing machine sales, while the APEJ printing machine market will be characterized by mass-scale production of printing machines at inexpensive prices.