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| printing machine market |
Printing machines are industrial equipment used for
various printing applications such as screen, digital, flexographic, and
gravure printing. Printing machines offer high productivity, enhanced quality,
and improved efficiency in printing operations. They ensure consistency in
designs and are suitable for both small and large volume printing applications.
The global printing machine market is estimated to be
valued at US$ 85.69 Mn in 2023 and
is expected to exhibit a CAGR of 16% over
the forecast period 2023-2030, as highlighted in a new report published by
Coherent Market Insights.
Market Opportunity:
The ability of printing machines to boost production efficiency presents a
major market opportunity. Printing machines enable bulk printing capability and
reduce manual errors and wastage of materials during printing. They ensure
optimal resource utilization with features such as automatic plate changing
systems, integrated color management systems and auto register controls. This
significantly improves printing throughput and allows consistent high-quality
output. The integration of digital technologies further allows remote
monitoring and predictive maintenance of machines, minimizing downtime. The
opportunity to gain higher productivity with minimal operational costs using
advanced printing machines is expected to drive their increased adoption across
industries, contributing to the robust growth of the global printing machine
market during the forecast period.
Porter's Analysis
Threat of new entrants: High capital
requirements for establishing large printing plants pose a barrier.
Bargaining
power of buyers: Large buyers can negotiate better
prices and terms due to high bargaining power.
Bargaining
power of suppliers: A few large players supply majority
of the raw materials leaving buyers with limited options.
Threat
of new substitutes: Digital printing is gaining
popularity but inability to meet all printing needs limits threat currently.
Competitive
rivalry: Intense competition exists among large diversified
players driving continued technological innovations.
SWOT Analysis
Strengths: Well-established brands
and global distribution networks. Large R&D investments enable continuous
technology upgrades.
Weaknesses: Rising labor and operational costs pressures margins. Vulnerable to
macroeconomic fluctuations impacting customer investment decisions.
Opportunities: Growing packaging, commercial and publication printing demand in
developing nations.
Threats: Stricter environmental regulations increasing compliance costs. Shift
to digital alternatives like e-books poses risk to publication printing
segment.
Key Takeaways
The
Global
Printing Machine Market Size is expected to witness high growth over
the forecast period supported by rising commercial printing needs across
industries. The global printing machine market is estimated to be valued at
US$ 85.69 Mn in 2023 and is expected to
exhibit a
CAGR of 16% over the
forecast period 2023-2030.
Regionally, the Asia Pacific market holds the largest
share currently and is expected to maintain dominance due to huge domestic
printing requirements in China and India.
Key players are expanding their footprints in emerging nations through
collaborations with local partners. This allows gaining deeper insights into
regional printing trends and requirements while benefiting from tax incentives.
Players are also introducing affordable yet high performance printers aimed at
the fast growing digital printing segment dominated by SMBs. Industry
consolidations are increasingly seen as major players pursue portfolio
diversification and complementary technology acquisitions for strengthening
presence across applications.
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