The inkjet printers market is expected to reach USD 80.68 billion by 2032, driven by demand for high-quality printing solutions.
From GlobeNewswire: 2024-12-05 08:00:00
The Inkjet Printers Market was valued at USD 46.35 Billion in 2023, expected to reach USD 80.68 Billion by 2032, with a CAGR of 6.38%. Demand for high-quality, cost-effective printing solutions is driving market growth, especially in packaging and labeling. Inkjet printers are expanding into niche sectors like 3D printing and bio-printing. In the US, the market is expected to sell around 10 million units in 2024, generating an estimated USD 2 billion in revenue.
Multifunctional printers (MFPs) hold a 25% market share, projected to grow at a CAGR of 6.91%. MFPs streamline workflows and enhance productivity by integrating printing, scanning, copying, and faxing. Advancements in wireless connectivity and mobile printing have boosted MFP performance, meeting the evolving needs of modern offices. Continuous Ink Jet (CIJ) printers lead the market, while Drop on Demand (DOD) technology offers improved print resolution and environmental benefits.
North America led the inkjet printer market in 2023, accounting for 30% of global revenues. The region’s strong technological infrastructure and high demand for advanced printing solutions drive market growth. Asia-Pacific is set to become the fastest-growing market with a projected CAGR of 7.01%, driven by rapid industrialization and urbanization in countries like China and India. Rapid industrialization and urbanization in countries like China, India, and Southeast Asia are increasing the demand for advanced printing technologies. A new campaign highlights low-cost, hassle-free color printing with prints starting at just 9 paise for black and 33 paise for color, showcasing the EcoTank’s high-quality capabilities. The report includes an executive summary, market dynamics impact analysis, statistical insights, customer segmentation, competitive landscape, and regional analysis on inkjet printers. For more information, visit the provided link for in-depth research insights. SNS Insider is a leading market research and consulting agency providing clients with current, accurate market data to make confident decisions in changing circumstances through various techniques like surveys and focus groups.
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