New Analysis from Global Industry Analysts Reveals Steady Growth for Inkjet Printers, with the Market to Reach $58.1 Billion Worldwide by 2026
24 Sep, 2021, 10:15 ET
SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Inkjet Printers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 18; Released: 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 and Others.
Coverage: All major geographies and key segments
Segments: Type (Single functional Printers, Multi-functional 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; United Kingdom; 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 Printers Market to Reach $58.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Inkjet Printers estimated at US$42 Billion in the year 2020, is projected to reach a revised size of US$58.1 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Single functional Printers, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$2.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-functional Printers segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12.1 Billion in 2021, While China is Forecast to Reach $11.8 Billion by 2026
The Inkjet Printers market in the U.S. is estimated at US$12.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.8 Billion by the year 2026 trailing a CAGR of 8.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Large Format Printers Segment to Reach US$31.1 Billion by the year 2026
In the global Large Format Printers segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$16.7 Billion in the year 2020 will reach a projected size of US$23.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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