Global Industrial Inkjet Printers Market Report and Forecast 2024-2032

Global Industrial Inkjet Printers Market Outlook

The global industrial inkjet printers market size reached approximately USD 9.27 billion in 2023. The market is estimated to grow at a CAGR of 6.3% in the forecast period of 2024-2032, reaching a value of around USD 16.12 billion by 2032.

Key Trends in the Market

Industrial inkjet printers are printers that use inkjet technology for printing high-quality images on a material. These printers can print on a wide range of surfaces such as metal, glass, resin, packaging films, and PET bottles, among others.

• Increased incorporation of inkjet printing on pharmaceutical products to eliminate the risk of counterfeit or fraudulent products is one of the key industrial inkjet printers market trends. Several pharmaceutical companies are implementing level-1 security printing on their products, which is visible to the naked eye directly, to comply with standard regulations.

• Growing demand for inkjet printers with fast-drying inks such as LED curable ink, solvent ink, and UV curable free radical ink, which offer fast production speed and reduce the risk of smear and smudging is another crucial trend aiding the market expansion.

• The rapid growth of the e-commerce sector in recent years, which has led to an increased demand for labelling on product packaging, also contributes to the industrial inkjet printers market growth. Inkjet printers with LED-curable ink are readily utilised by brands as they offer superior adhesive properties, excellent weather resistance, and rapid curing.

Market Analysis

Based on type, the market is divided into on-demand inkjet printer and continuous inkjet printer. On the basis of machine type, the market is classified into 1 – 4 lines small character inkjet printing machine, 1 – 5 lines inkjet printing machine, 1 – 6 lines inkjet printing system, and big character inkjet coding machine, among others.

The industrial inkjet printers market segmentation, based on application, includes electrical and electronics components, ceramics, food and beverages, packaging, cosmetics, and automotive, among others. The major regional markets of industrial inkjet printers include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the industrial inkjet printers market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Ricoh Company Ltd.  

• Keyence Corporation 

• Arrow Systems Inc.  

• InkJet, Inc.  

• Hitachi, Ltd.  

• Citronix Inc 

• Dover Corporation (Markem-Imaje Group)  

• Weber Marking Systems GmbH  

• Pannier Corporation   

• Others

Market Share by Application

The packaging sector occupies a significant portion of the industrial inkjet printers market share, owing to the growing usage of inkjet printers for coding and labelling purposes on packaged products. Continuous inkjet printers are widely utilised for printing on both the flat and curved surfaces of packaging.

With the usage of high-resolution inkjet printers, sellers can directly print on boxes and cartons and eliminate the requirement for labels. Additionally, increased utilisation of inkjet printers to print brand logos and graphics to enhance brand visibility aids the market growth.

Market Share by Region

As per the industrial inkjet printers market analysis, North America accounts for a substantial share of the global market, due to the increased demand for inkjet printers in the pharmaceutical sector for security labelling. The presence of prominent market players who are focused on enhancing the quality of inkjet printers also fuels the market expansion.

Meanwhile, the Asia Pacific is expected to gain sizeable growth in the forecast period, due to the growing packaging, food and beverage, and textile sectors in the region.

Competitive Landscape

Ricoh Company Ltd. is a multinational electronics company, incorporated in 1936 and headquartered in Tokyo, Japan. Some of its major products and services include image scanners, interactive whiteboards, printers and copiers, and projectors, among others.

Keyence Corporation, established in 1974, is an equipment manufacturer, with its headquarters in Osaka, Japan. Its product portfolio includes 3D scanners, digital microscopes, sensors, vision systems, and laser marking systems, among others.

Arrow Systems Inc., founded in 1935, is a Fortune 500 company that provides electronic and computer products. Some of its well-known brands are Allegro Microsystems, Honeywell, Panasonic, QUALCOMM, Intel, and NVIDIA, among others.

Other industrial inkjet printers market players include InkJet, Inc., Hitachi, Ltd., Citronix Inc, Dover Corporation (Markem-Imaje Group), Weber Marking Systems GmbH, and Pannier Corporation, among others.

Key Highlights of the Report