The Asia Pacific Inkjet Printers Market would witness market growth of 5.2% CAGR during the forecast period (2021-2027).
The use of inkjet printing is also driven by smart production, flexibility, speed, and cost management, as organizations can become more flexible and responsive to client requirements by adopting digital print, hence supporting the growth of the Inkjet Printing Market. While converting to inkjet has potential benefits, it also has drawbacks, such as increased printing costs for lengthy runs, especially in comparison to analogue printing.
Market growth is expected to be fueled by the quickly growing advertisement business, as well as rising demand for higher print resolution and improved print quality. Banners, posters, signs boards, billboards, and hoardings are all common uses for large format printers. To catch the attention of visitors, banners and billboards provide extensive information like images, graphics, and logos. As a result, marketers use big format printers to print visual campaigns for use in offices and public locations, such as graphic-rich posters and banner advertisements with high-quality photographs.
The significant potential is based on low labor costs and low manufacturing costs, which make Asia-Pacific a prominent region for building up production plants mass producing inkjet printers. The current global outbreak of the COVID-19 pandemic has hampered regional development. The COVID-19 pandemic is predicted to have a significant impact on China, which is a major producer of films and foils used in packaging printing. In addition, a number of European printing enterprises rely on China for the supply of chemicals used as input materials in printing processes, such as solvent and ink ingredients.
The Asia Pacific region has grown to become the world's largest printing ink region due to China, India, and a slew of other fast-growing countries. The region, on the other hand, is home to many of the world's top ink makers. Japan is home to DIC, Sakata INX, Toyo Ink, and T&K Toka, and the rest of the main players have significant operations there.
The China market dominated the Asia Pacific Inkjet Printers Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,791 million by 2027. The Japan market is estimated to grow at a CAGR of 4.5% during (2021 - 2027). Additionally, The India market would display a CAGR of 5.8% during (2021 - 2027).
Based on Type, the market is segmented into Multifunctional, Industrial, Inkjet Press, Large Format, Desktop, Textile, and Others. Based on Technology, the market is segmented into Continuous Inkjet, Drop on Demand, UV Inkjet and Others. Based on End User, the market is segmented into Industrial, Education, Textile, Pharmaceutical, Consumer and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Inkjet Printers Market is Projected to reach USD 45.6 Billion by 2027, at a CAGR of 4.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Keyence Corporation, Videojet Technologies, Inc. (Danaher Corporation), Canon, Inc, Konica Minolta, Inc., Seiko Epson Corporation, Brother Industries, Ltd., Mimaki Engineering Co., Ltd., HP, Inc., Xerox Corporation, and InkJet, Inc.
By Type
By Technology
By End User
By Country
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