At 5.6% CAGR, Europe Industrial Inkjet Printers Market is Projected to be Worth US$ 3,074.86 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe industrial inkjet printers market was valued at US$ 1,984.94 million in 2023 and is expected to reach US$ 3,074.86 million by 2031, registering a CAGR of 5.6% from 2023 to 2031. Introduction to Industry 4.0 and technological advancements in industrial inkjet printers are among the critical factors attributed to drive the Europe industrial inkjet printers market growth.

Technological advancements in printhead design and ink formulation have dramatically improved the print quality and resolution of industrial inkjet printers. This enhancement allows for the printing of high-definition images, fine text, and complex graphics on various materials, expanding the applicability of inkjet printers across industries. Researchers and manufacturers are highly inclined toward exploring the efficiency of industrial inkjet printers for smart design printing. For instance, in October 2023, Videojet Technologies introduced the advanced Videojet 1880+, 1880 UHS, and 1880 HR CIJ printers. These models are designed to help minimize downtime, increase throughput, and reduce costs over the printer's life while providing efficiency, performance, and productivity. The Videojet 1880+ features built-in cellular and Wi-Fi connectivity to help users meet their goals. With the development of high-speed printers, manufacturers can print large volumes at faster speeds without compromising on quality. Various companies are launching high-speed inkjet printers that are essential for industries such as packaging, textiles, and automotive, where production efficiency is critical. For instance, in April 2024, Canon announced the launch of the ProStream 2000, under the ProStream 2000 series, which ensures high, consistent offset print quality at high-rated speed while extending the media grammage/speed range. Furthermore, the textile industry is experiencing a shift toward digital printing, with industrial inkjet printers becoming the preferred solution for printing high-quality, customized designs on fabrics. Recent technological advancements, such as AI and ML have made it possible to print complex patterns, gradients, and vivid colors on textiles at high speeds, with minimal water and chemical waste compared to traditional printing methods. Therefore, technological advancements in the printing industry are likely to provide lucrative opportunities for the industrial inkjet printer market growth during the forecast period.

On the flip side, availability of various alternatives hampers the growth of Europe industrial inkjet printers market.

By type, the Europe industrial inkjet printers market is bifurcated into continuous inkjet and drop on demand inkjet. The drop on demand inkjet segment held 59.0% share of Europe industrial inkjet printers market share in 2023, amassing US$ 1,171.43 million. It is projected to garner US$ 1,623.04 million by 2031 to register 4.2% CAGR during 2023–2031.

In terms of industry, the Europe industrial inkjet printers market is segmented into food & beverages, pharmaceutical, cosmetic & personal care, electronics & semiconductors, textiles, automotive, advertisement & publishing, and others. The food & beverages segment held 21.4% share of Europe industrial inkjet printers market share in 2023, amassing US$ 425.57 million. It is projected to garner US$ 726.04 million by 2031 to register 6.9% CAGR during 2023–2031.

Based on country, the Europe industrial inkjet printers market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 27.7% share of Europe industrial inkjet printers market in 2023. It was assessed at US$ 549.67 million in 2023 and is likely to hit US$ 956.28 million by 2031, registering a CAGR of 7.2% during 2023–2031.

Key players operating in the Europe industrial inkjet printers market are Brother Industries Ltd; Canon Inc; CTC Japan Inc; Docod Precision Group Limited; FUJIFILM Holdings America Corporation; Hitachi Industrial Equipment & Solutions America, LLC; HP Development Company L.P; Industrial Inkjet Ltd.; InkJet, Inc; KYOCERA Corporation; Lexmark International Inc; Linx Printing Technologies; Markem-Imaje; Pannier Corporation; REA Elektronik GmbH; Seiko Epson Corp; Squid Ink Manufacturing; Videojet Technologies Inc; Weber Marking Systems GmbH; and Xerox Corporation, among others.

• April 2024, Canon announced the launch of the ProStream 2000, a new series of web-fed inkjet presses for business communications print service providers looking for an attractive cost/performance ratio for applications on media up to 150 gsm and on uncoated papers.

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