According to a new report, published by KBV research, The Global Inkjet Printers Market size is expected to reach $45.6 billion by 2027, rising at a market growth of 4.8% CAGR during the forecast period.
The Multifunctional segment acquired the maximum revenue share in the Global Inkjet Printers Market by Type in 2020, thereby, achieving a market value of $11.2 billion by 2027. This is due to multifunctional printers' integrated characteristics, such as high-speed printing, multifunctional capabilities that include copying, printing, scanning, and faxing all in one unit, and affordability. Moreover, one of the primary factors positively impacting the market in the approaching years is the increased need for multifunctional printers in the healthcare sector. The need for multifunctional printers in the healthcare sector is growing due to the need to share patient information in a timely and secure manner and to retain patient information digitally.
The Drop on Demand segment is showcasing a CAGR of 5% during (2021 - 2027). This is because of the DOD's advantages in terms of flexibility, decreased downtime, and functionality. Moreover, the liquid is expelled from the print head only when a drop is required in a DOD system. The print-head of the DOD inject printer is made up of a number of separate valves—either 7, 16, or 32--that print dots at regular intervals. DOD inkjet printers are widely utilized in a broad range of industrial applications, including printing on plasterboard, plastics, wood and hardware, packaging, metals, and concrete goods
The Pharmaceutical segment has shown growth rate of 5.7% during (2021 - 2027). Modern inkjet printers are simple to connect to a network, allowing for a wide range of applications. Moreover, the devices have an easy-to-use touchscreen interface that can be utilized to see and edit all critical print job settings. This enables shorter changeover periods, which helps to keep production costs down. Inkjet printing satisfies a wide range of pharmaceutical sector compliance standards, assures traceable and counterfeit-proof goods, and maximizes production capacity due to low changeover times.
The North America market dominated the Global Inkjet Printers Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $14.5 billion by 2027. The Europe market is estimated to witness a CAGR of 4.4% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 5.2% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/inkjet-printers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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