Today books and magazines publishers are shifting from regular production to digital production printing. This is because the technique is more economical. The global production printer market is experiencing a tremendous growth recently. As a result of rising demand for high-speed printing and multiple applications in areas such as commercial, publishing, and label and packaging, the global production printer market is experiencing splendid growth in recent time. Also the extensive use of printing in applications such as large-scale package printing and label printing of cartons, flexible package, corrugated packaging, and plastic packaging.
Transparency Market Research enlightens the various facets of the global production printer market. The report showcases various aspects of the market including major driving factors, key trends, major developments, and regional potential.
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Global Production Printer Market: Notable Developments
The competition of the global production printing market is quite high. The player are getting involved in strategies such as product launches, mergers and partnerships, and collaboration in order to stay ahead of their competitors. Business players are also acquiring some small and medium scale businesses in order to expand their production and have a competitive edge over their competitors.
Recently, the companies like Xerox Corporation, Canon Inc. were majorly active in product launches to enhance their product portfolio. While companies such as Ricoh Company Ltd., and Agfa-Gevaert N.V. were involved in mergers and acquisitions to strengthen their printing businesses.
Some of the major players of the global production printer market are: HP Inc., Konica Minolta Inc., and Electronics for Imaging Inc., Eastman Kodak Company, Inca Digital Printers Limited, and Miyakoshi Printing Machinery, Co., Ltd.
The competition is expected to highly intensify with an increase in the number of players in the market in the near future. Moreover, several players are focusing on improving their geographical extents as well as product portfolios.
Global Production Printer Market: Key Drivers
Increasing focus on SMEs at industrial and commercial level is one of the key factor that is boosting the growth global production printer market. Also, diversification of commercial printing requirements, including the production of a wider range of application is boosting the market growth. Also, with affordable print protection techniques and improving economy, SMEs can utilize production printing in order to gain a foothold in the market.
The production printer market includes rise of connected multi-function printers (MFPs). The rise of intelligent connected MFPs expected to assist vendors to capture attention from businesses (especially SMEs). This benefit is also helping the market of global production printing to grow exponentially in the forecast period of 2018 to 2026. Smart MFPs would create opportunities for businesses to improve their efficiency and productivity by failure prediction and reducing downtime, along with improvements in workflow to simplify the paper-to-digital processes. Owing these opportunities offered by the smart printers, the global production printer market is exhibiting a bloated growth in the forecast period.
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Global Production Printer Market: Regional Analysis
North America is expected to hold the largest share of the production market, while the market in Asia pacific is expected to grow at the highest volume expansion during the forecast period. This growth of the global production printing market in APAC may be attributed to the high demand in Japan and other countries. The ongoing development in this region makes it a lucrative and high-potential market for production printers.
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