Global Printing Machines Market was valued at USD 19.89 billion in 2018 which is expected to reach USD 23.11 billion by 2027 at a CAGR 0.28%.
Printing machine is a mechanical device for applying pressure to an inked surface resting upon various print medium including cloth or paper. Rise in investments in various sector is expected to drive the global printing machines market during this forecast period.
Increase in technological advancements in printing industry is the key driving factor which is expected to boost the growth of printing machines market across the world.
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However, high production cost and harmful environmental impact are the restraining factors which are expected to hamper the global printing machines market growth. For instance, in January 2020, Konica Minolta Business had launched new Digital print enrichment press named as MGI JETvarnish 3D One. These printers have ability to generate more high impact printed communications and profitable decorative embellishments on industrial and commercial applications such as booklets, business cards, brochures, book covers, and retail display signs and posters. Furthermore, increase in demand for recyclable labels in packaging industry which is expected to propel the market growth. Moreover, increase in demand for printing in textile industry will fuel the global printing machines market growth.
The report includes the key driving forces prevailing in the global Printing Machines Market. This part of the report has been studied keeping in mind the political, economic, social, technological, geographical, and cultural scenario of the global Printing Machines Market. These factors can be projected to have their effects on the market, or they can have interconnected impacts. Besides, subtle change in the timeframe within which these factors are functioning might have ripple effects on the global Printing Machines Market.
Market Key Players
Various key players are discussed in this report such as Canon, Konica Minolta, Xeikon, Barry-Wehmiller Company, Windmoeller & Hoelscher Corporation, Gallus Ferd, KOMORI Corporation, BOBST, and Mark Andy Inc.
By End User
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Global Digital Printing Market has been segmented into Europe, the Americas, Asia Pacific, and the Middle East & Africa. This part of the report provides an exhaustive view of the regional scope existing in the global Digital Printing Market. The recent market trends and preferences dominating each region have a direct impact on the industries. The report tries to exploit the recent trends and preferences prevailing in a region to provide the users with a clear picture of the business potential existing in that region.
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