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2019-06-18
210
Global
Global Commercial Printing Machine Market
Market Overview
Commercial printing machine market is expected to grow with the implementation of analogue machines or digital equipment for printing over the traditional lithographic or flexographic printing machines. However, growing digitization is shifting people’s interest towards e-media for advertisements and promotion of any new product or services. Inclination of companies towards social-media or online advertising is proving as cost-effective solutions thus affecting the demand and revenue growth of global commercial printing market. Landa Corporation has developed Nanography a unique water-based digital printing technology which is revolutionizing the printing machinery industry. In 2014, Altana a German specialty chemicals group invested USD 135 million in the development of Nanography. The collaboration aims to expand infrastructure and to prepare production plants for nanometric sized ink for printing machines. This is likely to improve quality and efficiency of commercial printing machine and eventually with contribute in the market growth.
Rising sales of digital printing machines conventional analogue print equipment is likely to bring promising business opportunities for commercial printing machine market. Over one million digital printing presses were installed across the globe in 2015. Moreover, market players are trying to simplify the control systems and operation of commercial printing machines. For instance, Pro C7100 a color production printer introduced by RICOH, which uses white and clear toners. Pro C7100 is widely used for publications which require high-value-added designs. In 2015, RICOH Pro VC60000 with continuous feed inkjet was launched, which delivers fast and high-quality results and can print on coated stock. These initiatives were expected to encourage the growth of global commercial printing machine market.
Market Segmentation
Global Commercial Printing Machine Market is segmented on the following basis:
Market Size and Forecast (2016-2024)
Global commercial printing market is anticipated to register a CAGR of 1.50% during the forecast period.
Growing demand for product and services advertisement and packaging printing processes countries in such as Japan, China, Russia, Brazil and India is contributing in the growth of commercial printing machine market. The U.S. and Canada are early adopters of the advance technology thus have huge dominance in commercial printing machine market. North America commercial printing machine market valued USD 8.78 billion in 2015 and is expected to grow at a CAGR of 0.5% during the forecast period.
European countries are highly inclined towards the development of eco-friendly printing processes and products for creating a sustainable environment. European governments are encouraging the utilization of energy-efficient print solutions. Europe commercial printing machine market is projected to reach USD 7.72 billion by 2024 growing at a CAGR of 1.0%. Whereas, Asia-Pacific region is expected to occupy 26% share of global commercial printing machine market by 2024.
Market Drivers and Challenges
Growing popularity of photo and graphic printing for advertisement is also driving the growth for global commercial printing machine market. However, inclination towards digital printing technology is a major challenge for the growth of commercial printing machine market. Commercial printing machine market can only be profitable if there are bulk orders. However, lack of awareness in underdeveloped countries and developing countries is restricting growth of Commercial printing machine market.
Key Market Players
Scope Background
Market Synopsis
Market Segmentation
The Global Commercial Printing Machine Market is segmented as follows:
By Region
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
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