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Printers Market Forecast to Exceed $79.9 Billion by 2033: Market Share Analysis by Type, End Use, Country and Company; Featuring Canon, FUJIFILM Corp., Fujitsu, Hitachi, Honeywell International & More - ResearchAndMarkets.com

DUBLIN, April 04, 2025 /BUSINESS WIRE/ --

The "Printer Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" has been added to ResearchAndMarkets.com's offering.

The Printer market is expected to reach US$ 79.93 billion by 2033 from US$ 53.6 billion in 2024, with a CAGR of 4.54% from 2025 to 2033. Some of the factors driving the market are the growing need for printers to print critical documents, the expanding printing sector globally, the growing demand for high-quality images, the improvement of educational facilities, and the growing use of large format printers.

Expanding Packing Industry

Due to its unquenchable demand for labeling, branding, and personalization, the growing packaging business is a major contributor to market expansion. In order to satisfy the growing need for specialized packaging solutions, printers are crucial in producing visually appealing packaging designs, product labels, and barcodes. The market for printers gains from the growing need for specialist printing equipment as the packaging business expands to serve a wider range of industries, including food and beverage, pharmaceuticals, cosmetics, and e-commerce. To ensure accurate product information, create colorful graphics, and adhere to industry-specific requirements, high-quality, long-lasting, and effective printers are necessary. Furthermore, as eco-friendly inks and printing methods proliferate, the packaging sustainability trend coincides with the expansion of the printer market.

An industry survey indicates that 39% of American consumers think about packaging's effects on the environment before making a purchase. This collaboration between the growing printer market and the packaging business demonstrates how two interrelated industries support one another's expansion, encouraging creativity and effectiveness in product packaging across the globe.

Declining Demand for Traditional Printers

The increasing reliance on digital communication and paperless solutions is causing a decline in the need for traditional printers. To cut down on paper waste and boost productivity, a lot of companies and individuals are switching to electronic documents, emails, and digital file sharing. Consequently, there is less need for frequent printing in office settings. This change is most apparent in sectors that are transitioning to entirely digital processes, which lowers the demand for printers overall. Furthermore, the necessity for physical prints has decreased due to the growing use of cloud-based document management systems and collaboration applications. The printer industry is under pressure to innovate and meet changing consumer demands for digital and sustainable solutions as companies continue to embrace digital transformation.

United States Printer Market

As printing technology advances and consumer needs change, the US printer market is changing as well. The rise of digital communication is causing traditional printing in home and office settings to decline, while the business and commercial sectors continue to drive the market. As sectors including industry, retail, and healthcare look for specialized printing solutions, there is a growing need for specialty printers like large-format printers and 3D printers. Furthermore, mobile and cloud-based printing technologies are becoming more popular since they make it easier for users to print from far-off places. Major competitors in the fiercely competitive market are concentrating on increasing product efficiency, ink usage, and sustainability. The market is also being impacted by environmental concerns, which are driving producers to develop eco-friendly goods and put recycling programs into place.

Recent Industry Developments

Mutoh's HydrAton 1642 Printer, which debuted in May 2024, boasts cutting-edge print-dry techniques, water-based UV printing technology, and a special ink film formation that prioritizes sustainability and safer printing conditions. Additionally, demand will be driven by automation and connectivity, as well as a growing emphasis on enterprise settings and personalized printing for marketing and advertising. Economic development and increased accessibility in emerging markets further boost regional growth.

Key Company Analysis: Overview, Key Persons, Recent Developments & Strategies, Product Portfolio, Financial Insights

  • Canon Inc.
  • FUJIFILM Corporation
  • Fujitsu Limited
  • Hitachi Ltd.
  • Honeywell International Inc.
  • HP Inc.
  • Panasonic Corporation
  • Seiko Epson Corporation
  • Toshiba Corporation
  • Xerox Corporation

Key Attributes

Report Attribute Details
No. of Pages 120
Forecast Period 2024-2033
Estimated Market Value (USD) in 2024 $53.6 Billion
Forecasted Market Value (USD) by 2033 $79.93 Billion
Compound Annual Growth Rate 4.5%
Regions Covered Global

Key Topics Covered

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. Global Printer Market

6. Market Share Analysis

6.1 Type

6.2 End Use

6.3 Country

7. Type

7.1 Inkjet Printers

7.2 Laser Printers

7.3 Dot Matrix Printers

7.4 3D Printers

7.5 Off Set Printers

7.6 Flexographic

7.7 Others

8. End Use

8.1 Industrial

8.2 Commercial

8.3 Residential

9. Country

9.1 North America

9.2 Europe

9.3 Asia-Pacific

9.4 Latin America

9.5 Middle East & Africa

10. Porter's Five Analysis

11. SWOT Analysis

12. Company Analysis

For more information about this report visit https://www.researchandmarkets.com/r/jzzffw

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