Global Production Printer Market 2017-2021
About Production Printer
Production printers are used for volume printing, with a print speed of more than 60 pages per minute (PPM). These printers are used for commercial purposes such as printing books, manuals, marketing collaterals, packaging materials, and transactional documents. The global market is expected to witness an increase in the demand for production printers from various application segments such as packaging and publishing during the forecast period.
Technavio’s analysts forecast the global production printer market to grow at a CAGR of 2.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global production printer market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of production printers, including multifunctional printers (MFPs) in the packaging, promotional, publishing, transactional, and others segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Production Printer Market 2017-2021
Technavio recognizes the following companies as the key players in the global production printer market: Canon, HP development, Konica Minolta, Ricoh, and Xerox.
Other Prominent Vendors in the market are: Agfa-Gevaert, EFI Electronics, Eastman Kodak, Inca Digital Printers, MIMAKI ENGINEERING, and Miyakoshi.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in the number of M&A. The global production printer market has been witnessing many M&A since 2010. It is a market where the competition is very high. This high competition in the market encourages vendors to increase their market shares and revenues by extending and diversifying their product portfolios.”
According to the report, one of the major drivers for this market is Increase in the demand for color printing. The growing demand for color prints is increasing the investments in color production printers. This is because color prints are more appealing and grab the attention of the customers instantly. Therefore, enterprises are using color-printed brochures, catalogs, and manuals to attract customers.
Further, the report states that one of the major factors hindering the growth of this market is Increasing cost of raw materials. The prices of raw materials for the printer industry used to increase day by day during the 2012-2016 period, which impacted the market. The paper industry is facing cost pressure because of the increase in the prices of raw materials. There is a rise in the cost of wood pulp as well. Since wood pulp is the major input for paper manufacturing, there is an increase in the price of paper. Apart from this, there are many other factors that are affecting the price of the paper. For instance, in India, the paper industry is facing a problem regarding the availability of raw materials. Hence, the price of paper has increased.
Canon, HP development, Konica Minolta, Ricoh, and Xerox, Agfa-Gevaert, EFI Electronics, Eastman Kodak, Inca Digital Printers, MIMAKI ENGINEERING, and Miyakoshi.