“The report on Advanced Printer Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.
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Advanced Printer Market: Overview
- According to the latest research report on the global advanced printer market for the historical period of 2017–2018 and the forecast period of 2022-2031, the rising demand for advanced printers for use in various applications is expected to boost the global advanced printer market during the forecast period
- In terms of revenue, the global advanced printer market is estimated to reach value of ~US$ 230 Bn by 2027, expanding at a CAGR of ~3% throughout the forecast period
Government Efforts to Propel Textile Industry: A Key Driver
- The textile industry holds importance in a country’s economy, as it contributes significantly to the country’s GDP. India, China, South Korea, the U.S., and member countries of the European Union have prominent textile industries. Governments are trying to propel the industry through various policies.
- With growth of the textile industry, digital textile printing has also evolved. Digital printing is rising at a rapid pace in the textile & apparel sector, owing to the increasing consumer demand.
- Various players operating in the global advanced printer market are launching new printers exclusively for use in the textile industry. For instance, in 2019, ColorJet India Ltd., a printer manufacturer, launched a new digital textile printer called Vastrajet.
- Government efforts to propel the textile & apparel industry are projected to have a high positive impact on the global advanced printer market in the next few years
- These factors are expected to drive the global advanced printer market during the forecast period
Increasing Demand for 3D Printers Offers Opportunities to Global Advanced Printer Market
- Production of additives is on the rise, with increasing manufacturing activities, along with emergence of the automation technology across the world. Additive manufacture involves formation of 3D products in less time and at a low cost. Demand for 3D printers is increasing, due to growing production of additives that help in manufacturing 3D objects.
- Manufacturers are building new and technologically advanced 3D printers for both commercial and industrial applications. Furthermore, this is anticipated to contribute to the global advanced printer market during the forecast period.
Trend of Paperless Offices to Hinder Advanced Printer Market
- Challenges pertaining to the environment are on the rise, owing to which people have started using eco-friendly products. Several corporates are implementing eco-friendly strategies by eliminating printing of documents.
- Offices that use zero or minimal physical papers are considered paperless offices. This strategy reduces usage of paper in offices, thereby contributing to protecting the environment. However, this can have a negative impact on the global advanced printer market, as printers are largely used in office applications.
- Use of electronic documents in offices rather than paper reduces the need for document printing and, eventually, the use of printers
- Furthermore, this restraint is expected to have a medium impact on the global market, as manufacturers are launching cost-effective and advanced printers, which are eco-friendly owing to their power-saving functionality
Advanced Printer Market: Competition Landscape
- Detailed profiles of providers of advanced printers have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
- Key players operating in the global advanced printer market are
- Canon, Inc.
- Seiko Epson Corporation
- Konica Minolta, Inc.
- SHARP CORPORATION
- Kyocera Corporation
- Lexmark International, Inc
- SHARP CORPORATION
- HP Inc.
- Brother Industries, Ltd
Advanced Printer Market: Key Developments
- Key providers of advanced printers are focusing on the development of new products and technological advancements. Some other key developments in the global advanced printer market are as follows:
- In February 2020, BMF Boston Micro Fabrication, a printer manufacturer, announced the launch of a new 3D printer called ‘microArch.’ The new product is meant for use in the manufacture of high-resolution micro-scale parts.
- In June 2019, ColorJet India Ltd., a printer manufacturer, launched a digital textile printer called ‘Vastrajet.’ It offers consumers flexibility to use ink of their choice.
- In February 2019, Seiko Epson Corporation, a printer manufacturer, launched a new line of printers called ‘EcoTank’ to promote low-cost printing. EcoTank’ is equipped with the CISS system, which promises low cost per print.
- In the report on the global advanced printer market, we have discussed individual strategies, followed by company profiles of providers of advanced printers. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global advanced printer market.
Advanced Printer Market – Scope of the Report
A new study on the global advanced printer market presents a wealth of information on key market dynamics, including drivers, trends, and challenges as well as structure of the global advanced printer market. The study offers valuable information on the global advanced printer market in order to illustrate how market growth would discern during the forecast period i.e. 2019–2027.
Key indicators of market growth, which include value chain as well as supply chain analysis and compounded annual growth rate (CAGR), are elucidated in the study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global advanced printer market during the forecast period.
An extensive analysis of business strategies adopted by leading market players is also featured in the study on the global advanced printer market. This can help readers understand key factors responsible for growth of the global advanced printer market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global advanced printer market, which would guide market players in making apt decisions in the near future.
Key Questions Answered in the Study on Advanced Printer Market
- What would be the Y-o-Y growth trend of the global advanced printer market between 2019 and 2027?
- What is the influence of the changing trend in technologies on the global advanced printer market?
- Would North America continue to be the most profitable regional market for providers of advanced printers during the forecast period?
- Which factors would hinder the global advanced printer market during the forecast period?
- Which are the leading companies operating in the global advanced printer market?
A unique research methodology has been utilized to conduct comprehensive research on the global advanced printer market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
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Secondary research sources referred to by analysts during production of the report on the global advanced printer market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to the production of the study on the global advanced printer market as a primary research source.
These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global advanced printer market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global advanced printer market with accuracy. The study also uses a top-down approach to assess numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making estimates on future prospects for the global advanced printer market more reliable and accurate.