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Digital Printing Market for Printers, Inks & Print Heads - Global Forecast to 2023 - Research and Markets

[November 03, 2017]

Digital Printing Market for Printers, Inks & Print Heads - Global Forecast to 2023 - Research and Markets

The "Digital Printing Market for Printers, Inks, and Print Heads by Ink Type (Aqueous, Solvent, UV-Curable, Latex, and Dye Sublimation), Print Head Type (Inkjet and Laser), Substrate Type (Glass, Textile, Paper), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The digital printing market, in terms of value, is expected to grow from USD 22.18 Billion in 2017 to USD 28.85 Billion by 2023, at a CAGR of 4.48% between 2017 and 2023. The growing demand for sustainable printing is the major factor that drives the growth of the digital printing market. Major restraining factor for the growth of digital printing market includes high initial investment cost.

UV-cured ink for digital printing is the fastest-growing segment. It offers various advantages such as quick drying, environment-friendly, low price, and resistance to UV rays, which are very important for printing on different materials such as plastics, textiles, and others. UV-cured ink is increasingly adopting more market share oing to its extensive benefits.

Inkjet print head is expected to grow at the highest rate during 2017 and 2023. Inkjet print head offers high print quality and cost efficiency. Inkjet print heads can print at an average speed of 13-15 pages per minute (PPM (News - Alert)) and can print over a large variety of surfaces. The color quality of a color inkjet print head is far superior than a laser print head. Some of the major players in the digital printing market are Xerox (US), Hewlett-Packard (US), Ricoh (Japan), and Mimaki Engineering (Japan).

Companies Mentioned