How big is the Asia Pacific Industrial Inkjet Printers Market?

The Asia Pacific Industrial Inkjet Printers Market is valued at US$ 1,860.85 Million in 2023, it is projected to reach US$ 3,602.30 Million by 2031.

What is the CAGR for Asia Pacific Industrial Inkjet Printers Market by (2023 - 2031)?

As per our report Asia Pacific Industrial Inkjet Printers Market, the market size is valued at US$ 1,860.85 Million in 2023, projecting it to reach US$ 3,602.30 Million by 2031. This translates to a CAGR of approximately 8.6% during the forecast period.

What segments are covered in this report?

The Asia Pacific Industrial Inkjet Printers Market report typically cover these key segments- Type (Continuous Inkjet and Drop on Demand Inkjet) Industry (Food & Beverages, Pharmaceutical, Cosmetic & Personal Care, Electronics & Semiconductors, Textiles, Automotive, Advertisement & Publishing)

What is the historic period, base year, and forecast period taken for Asia Pacific Industrial Inkjet Printers Market?

The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Industrial Inkjet Printers Market report: 2021-2022 2023 2024-2031

Who should buy this report?

The Asia Pacific Industrial Inkjet Printers Market report is valuable for diverse stakeholders, including: Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns. Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies. Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry. Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies. Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market. Essentially, anyone involved in or considering involvement in the Asia Pacific Industrial Inkjet Printers Market value chain can benefit from the information contained in a comprehensive market report.

Asia Pacific Industrial Inkjet Printers Market to 2030 - By Size, Share, Growth by End User and Forecast

The Asia Pacific industrial inkjet printers market was valued at US$ 1,860.85 million in 2023 and is expected to reach US$ 3,602.30 million by 2031; it is estimated to register a CAGR of 8.6% from 2023 to 2031.

Technological Advancements in Industrial Inkjet Printers Boosts Asia Pacific Industrial Inkjet Printers Market

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 March 2023, Canon India launched 16 new advanced printers, which provide users with exceptional work efficiency, enhanced print quality, and top-notch creativity. These printers are cost-efficient and equipped with modern technology, which caters to the customers' needs. Also, 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.

Asia Pacific Industrial Inkjet Printers Market Overview

China has one of the most robust manufacturing industries in the world. According to the Organization for Economic Co-operation and Development (OECD) TiVA database 2023, China held 35% of the global manufacturing sector on the basis of gross production. China is one of the strong players in the manufacturing industry due to government initiatives such as Made in China 2025 to promote local manufacturing across the country. The growing manufacturing industry generates the requirement for fast, efficient printing solutions for labeling, packaging, and product identification. In December 2022, Xaar opened a state-of-the-art inkjet printing laboratory in Shenzhen, China, comprising the latest printhead test equipment and print process experimentation platforms. This laboratory collaborates with the local market players and supports inkjet printing in various sectors, including ceramics, glass, PCB, textiles, 3D printing, and packaging and labels.