New Analysis From Global Industry Analysts Reveals Steady Growth For Inkjet Printers With Market Expected To Reach $ 58.1 Billion Globally By 2026
SAN FRANCISCO, September 24, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Inkjet Printers – Trajectory and Analysis of the world market “. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 18; Posted: April 2021
Executive pool: 6368
Companies: 17 – Players covered include Brother Industries, Ltd .; Canon India Pvt. Ltd. ; Domino Printing Sciences PLC; Hewlett-Packard Development Company LP; Hitachi Industrial Equipment Systems Co., Ltd .; Inkjet, Inc .; Lexmark International, Inc .; Seiko Epson Corporation; Videojet Technologies, Inc .; Xerox Corporation et al.
Blanket: All major geographies and key segments
Segments: Type (single-function printers, multi-function printers, large format printers, industrial inkjet printers, textile inkjet printers and inkjet press); End use (consumer, institutional and industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Inkjet Printer Market to Reach $ 58.1 billion by 2026
In the midst of the COVID-19 crisis, the global inkjet printer market is estimated at 42 billion US dollars in 2020, is expected to reach a revised size of 58.1 billion US dollars by 2026, with a CAGR of 5.3% over the analysis period. Single functional printers, one of the segments analyzed in the report, is expected to register a CAGR of 4.8% and reach US $ 2.9 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the multifunctional printer segment is readjusted to a revised CAGR of 5.3% for the next 7-year period.
The US market is estimated at $ 12.1 billion in 2021, when China is expected to reach $ 11.8 billion by 2026
The inkjet printer market in the United States is estimated at US $ 12.1 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 11.8 billion by 2026, with a CAGR of 8.2% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 2.9% and 4.8% respectively over the period of analysis. In Europe, Germany is expected to grow by about 3.3% CAGR.
Large Format Printer Segment to Reach US $ 31.1 billion by 2026
In the global large format printer segment, United States, Canada, Japan, China and Europe will drive the estimated 5.3% CAGR for this segment. These regional markets representing a combined market size of US $ 16.7 billion in 2020 will reach a projected size of US $ 23.9 billion at the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.