The print equipment market is forecast to reach a value of $15.75 billion by 2026
, despite the market falling in 2020 by almost 24%
against the previous year due to the COVID-19 pandemic. In 2021, the market is expected to reach $15.86 billion
, growth of nearly 20% from 2020
. COVID-19 has had a major effect on the print machinery market, with an accelerating effect on trends that were already being established. The crisis has bought about enduring socio-economic changes to consumer behaviours that will directly affect buying patterns.
This report looks at the growth of the print equipment market across all key segments and geographic regions, and additionally examines the downturn in 2020 and reviews the extent and rate of recovery.
The focus of this report is on the print equipment used for commercial, packaging and production printing by print service providers (PSPs) and by packaging converters. The report aims to provide readers with a comprehensive view of the current and future trends in print equipment and to provide exhaustive and incisive information. There is considerable discussion throughout the report covering the effects of the Covid-19 pandemic, which had an immediate effect on the printing equipment market in 2020 and has far-reaching consequences throughout the review period.
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What will you discover?
- The move to online activity together with increasing importance of social media will favour digital print due to its inherent ability to print short run, variable content images quickly and efficiently
- Sales of analogue printing equipment are negatively impacted by this change as the overall volume of print falls, and an increasing portion of remaining volume is printed by digital processes.
- Technology continues to develop, with many manufacturers of printing equipment developing automated facilities on their presses to increase speed and overall operational effectiveness.
The Smithers Methodology
- The key drivers affecting the sales and installed base of both analogue and digital printing machinery
- The impact and recovery of printing machinery segments from the effects of the COVID-19 pandemic in terms of both sales and installed base of equipment
- The technological developments within the printing machinery segments that will drive growth in the next five years.
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with printing material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy the report?
About the author:
Jon Harper Smith
- Raw material and consumables suppliers
- Printing machinery and equipment suppliers
- Consultants and analysts
has close to 40 years’ experience in the printing industry through his time working with Fujifilm and has extensive experience of industrial and package printing businesses with particular focus on industrial inkjet and flexo processes. He has a proven ability to develop complex cross border businesses involving the provision of highly technical products that meet strict end user specifications.