The Latin America, Middle East and Africa Inkjet Printers Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
The popularity of digital printing, which generates less waste and uses fewer chemicals and materials, is growing in response to a considerable need for cost reduction. This is one of the major elements driving the market for inkjet printers forward. Furthermore, the market is being fueled by the widespread adoption of Big Data and the Internet of Things (IoT), as well as the increasing use of inkjet printers in the food and beverage (F&B) industry for packaging applications. Apart from that, because these printers allow personalized printing of products in real-time, they are gaining popularity as a way to deliver print on demand, increase productivity on short runs, and eliminate the requirement for a Minimum Order Quantity (MOQ).
Digital advertising media has recently grown in popularity, posing a threat to the printing industry's growth. The media player is a critical component of digital advertising, and it is undergoing significant technological, network connectivity, and usability changes. BrightSign, a US vendor of digital advertising media players
To keep economies operating in the face of the continued COVID-19 spread, African printing companies are focused on important revenue-generating applications such as packaging, advertising, and publishing. In addition, new and growing black entrepreneurs in Africa have the ability to minimize unemployment and shrinking printing firms. However, government assistance is required because start-ups lack the massive monetary resources required to invest in imported heavy gear. As a result, African printers’ companies should tap into the possibilities of the printing, signage, and packaging industries to produce revenue.
Furthermore, the South African Department of Trade and Industry has proposed a new African Continental Free Trade Area (AfCFTA) that aspires to de-regulate the area of free trade in services and products among all signatory African countries.
The Brazil market dominated the LAMEA Inkjet Printers Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,193.2 million by 2027. The Argentina market is exhibiting a CAGR of 7.7% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 6.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Inkjet Printers Market is Predict to reach $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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