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How Has the Printing Machinery And Equipment Market Size Shifted in Recent Years?
Significant growth has been observed in recent years in the printing machinery and equipment market. It is predicted to expand from a $61.69 billion market size in 2024 to $65.86 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%.
The notable growth over the historic period can be tied to factors such as the demand for print media, the effects of globalization and international trade, educational printing necessities, legal printing obligations, and the requirements of advertising and marketing.
In the upcoming years, the market for printing machinery and equipment is projected to witness robust growth. The market is predicted to expand to $87.14 billion in 2029, displaying a compound annual growth rate (CAGR) of 7.2%.
Factors such as digital innovations in printing, emphasis on sustainable and eco-friendly printing, expansion in textile printing, growth of the printed electronics sector, and evolution of the packaging industry contribute to the growth anticipated during the forecast period. Significant trends expected to shape the market in this period include digital printing, application of augmented reality (AR) in printing, integration of 3D printing, packaging printing, mixed printing solutions, and innovations in print automation and workflow solutions.
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Which Market Conditions Are Fueling the Growth of the Printing Machinery And Equipment Industry?
The growth of the printing machinery and equipment market is anticipated to be driven by the flourishing e-commerce sector. E-commerce pertains to the online purchase and sale of products and services.
With e-commerce businesses witnessing an upsurge in demand for personalized packaging, branded items, and on-demand printing, there’s a growing need for top-quality, fast-turnaround digital printing machinery to boost brand exposure and improve customer interactions.
For example, a report released by the U.S.
Census Bureau, a U.S-based division of the Department of Commerce, in February 2023 highlighted that the approximate retail e-commerce sales in the United States during the fourth quarter of 2022 escalated to $299.1 billion, reflecting a 4.1% surge from the preceding quarter. The last quarter of 2022 also saw a 6.2% rise in e-commerce sales in comparison to the equivalent period in 2021.
Intriguingly, e-commerce sales made up 16.0% of total sales in the final quarter of 2022. Hence, the surge in e-commerce is stimulating the growth of the printing machinery and equipment market.
Performance of Leading Segments in the Printing Machinery And Equipment Global Market
The printing machinery and equipmentmarket covered in this report is segmented –
1) By Type: Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery And Equipment, Other Printing Machinery And Equipment
2) By Capacity: Small, Medium, Large
3) By Operation: Autonomous, Semi-autonomous, Manual
4) By End Use: Packaging, Publication, Other End Uses
Subsegments:
1) By Typesetting Machinery: Phototypesetting Equipment, Digital Typesetting Systems
2) By Offset Printing Machinery: Sheet-Fed Offset Printing Presses, Web Offset Printing Presses
3) By Flexographic Printing Machinery: Central Impression Flexo Presses, Stack Flexo Presses
4) By Gravure Printing Machinery: Cylinder Gravure Presses, Web Gravure Presses
5) By Printing Trades Binding Machinery and Equipment: Cutting and Trimming Machines, Folding Machines, Binding Machines
6) By Other Printing Machinery And Equipment: Digital Printing Machines, Inkjet Printing Machines
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What Trends Will Shape the Evolution of the Printing Machinery And Equipment Market?
Leading companies in the printing machinery and equipment market are concentrating their efforts on the development of state-of-the-art machinery, such as 3D printing machines, to strengthen their product lines and secure a dominant position in the market. A 3D printing machine constructs three-dimensional objects layer by layer, using materials like plastic, metal, resin, or others.
For example, Schaeffler Special Machinery, a German manufacturing company that specializes in bespoke machinery and systems, unveiled a state-of-the-art multi-material 3D printing system in June 2023. This revolutionary system allows for the production of highly exact 3D-printed parts by merging metals with ceramics, providing customers the benefit of innovative material pairings.
This development drives exceptional design flexibility, allowing for the introduction of new features into components and tools, thus enhancing the overall product and tool design.
What Are the Regional Hotspots for Printing Machinery And Equipment Market Growth?
Western Europe was the largest region in the printing machinery and equipment market in 2024. Asia-Pacific was the second largest region in the printing machinery and equipment market.
The regions covered in the printing machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which Companies Hold the Largest Market Share in the Printing Machinery And Equipment Industry?
Major companies operating in the printing machinery and equipment market include Konica Minolta Inc., Canon Inc., Fujifilm Corporation, Ricoh Group, Dover Corporation, Xerox Corporation, Landa Corporation, Barry-Wehmiller, Heidelberger Druckmaschinen AG, Clover Technologies Group LLC, Agfa-Gevaert NV, Bobst, Eastman Kodak Co., Windmoller & Holscher, Komori Corporation, Koenig & Bauer AG, Mark Andy Inc., SPGPrints B.V., Weber Packaging Solutions, M & R Sales & Service Inc., AstroNova Inc., Comexi Group, Rotatek Printing Machinery
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