The North America Inkjet Printers Market would witness market growth of 4.2% CAGR during the forecast period (2021-2027).
Inkjet printing is the most common type of digital printing, and it is utilized on both small, low-cost consumer models and high-end professional machines. Inkjet printing, which facilitated the development of digital printing, involves spraying tiny droplets of liquid ink onto selected surfaces, such as paper. The photos created by this technology are photo-quality counterparts. Because of its full versatility and minimal set-up costs, inkjet printing is a cost-effective alternative to traditional print processes, enabling low-volume printing of single copies.
Factors such as digital printing's high operating speed compared to traditional printing processes like screen printing, dry heat transfer printing for bulk printing, and the growing use of laser printers are expected to hamper the industry growth in the coming years. Laser printers can be used in place of inkjet printers, posing a serious threat to the industry’s growth. In comparison to an inkjet printer, a laser printer has cheaper operating expenses and a higher printing capacity. Furthermore, ink refilling and replacement are costly, and ink might dry out if the printer is not utilized for an extended period of time, resulting in printer clogs. However, inkjet printers have several advantages over laser printers, such as being lighter and smaller, requiring less space, having a simple setup process, requiring less warm-up time, and having a lower beginning cost. Furthermore, the biomedical and textile industries are benefiting from the development of high-speed inkjet printers that can print on a variety of substrates. The automotive and aviation industries are expected to boost their use of inkjet printers as a result of the increasing trend of sustainable printing
Some of the major trends of the regional market are the progression of textile printing processes from dry heat transfer printing and block printing to rotary screen-printing equipment. In recent years, the industry has adopted digital printing, in which the artwork is processed on a desktop and then printed directly on the fabric. When opposed to traditional printing procedures, digital printing offers various advantages, such as screen printing.
The regional market is witnessing rising demand for inkjet printers from the packaging industry. The market's appeal has been enhanced by the use of industrial inkjet printers as a cost-effective packaging printing solution. In addition, industrial inkjet printers assist in lowering manufacturing costs, improving output quality, and converting analogue to digital processes. Rapid expansion in the advertising business, combined with rising demand for improved print quality and resolution, would help the regional market to expand further.
The US market dominated the North America Inkjet Printers Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11,014.3 million by 2027. The Canada market is experiencing a CAGR of 3% during (2021 - 2027). Additionally, The Mexico market would exhibit 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Inkjet Printers Market is Estimated 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.
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