Global Printing Machinery and Supplies Market to Reach $19.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Printing Machinery and Supplies estimated at US$16.2 Billion in the year 2020, is projected to reach a revised size of US$19.6 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027. Printing Presses, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$10.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Post-Press Machinery & Equipment segment is readjusted to a revised 2.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 2.6% CAGR
The Printing Machinery and Supplies market in the U.S. is estimated at US$4.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 2.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Pre-Press Systems Segment to Record 2.5% CAGR
In the global Pre-Press Systems segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$2.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 301-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Advanced Vision Technology Ltd.
- Agfa Graphics
- Dover Corp.
- Eastman Kodak Company
- Goss International Americas, LLC
- Heidelberger Druckmaschinen AG
- Hewlett-Packard Development Company, L.P.
- Koenig & Bauer AG
- Komori Corp.
- Manroland Sheetfed GmbH
- manroland web systems GmbH
- Markem-Imaje SAS
- Océ-Technologies B.V.
- RYOBI MHI Graphic Technology Ltd.
- SCREEN Graphic Solutions Co., Ltd.
- WIFAG-Polytype Holding AG
- Xerox Corp.