The size of the global industrial printing equipment Market was USD XX billion in 2022. It is expected to grow at an impressive CAGR (Compound Annual Growth Rate) of XX% between 2023-2029. The integration of advanced technologies such as IoT (Internet of Things) is a key trend for the global industrial equipment market. These technologies can improve automation, print quality control and predictive maintenance. They also allow data-driven decisions and improved efficiency in industrial printing processes. https://www.precisionbusinessinsights.com/market-reports/industrial-printing-equipment-market
The global market for industrial printing equipment is segmented into:
3) By Type: Flexography (web offset), Gravure, Other.
2) Operation: Automatic, Semi-Automatic, Manual.
3) Capacity: Large, Medium, Small.
Ink: Solvents, Eco-Solvents, Aqueous UV Curable Inks, Metallic Inks, Latex, Others
5) Applications: Technical textiles (others), Paper, Display and Other, Clothing/Garment.
6) End-User: Commercials, Publications, Packaging and Others.
Packaging Printing Segment Dominates the Industrial Printing Equipment Market
Packaging printing will continue to be a significant segment in the industrial print equipment market. Packaging equipment is in high demand because of the growth of ecommerce and the desire for appealing packaging designs. Industrial printing equipment is essential for printing labels, cartons and flexible packaging, which meets the requirements of the packaging industry. The packaging printing segment, which places a greater emphasis on customization and sustainability, is expected drive demand for industrial print equipment in the upcoming year.
Asia Pacific leads the global industrial printing equipment market:
Asia Pacific Industrial Printing Equipment Market is projected to grow by a significant CAGR between 2022 and 2022. Asian companies are expanding into other Asian countries. In March 2019, MPS Systems, located in Malaysia, expanded its business to China under the name Arisen Printing Equipment. The company was responsible for setting up MPS flexor offset and digital hybrid printing presses. The company will serve both the gravure and flexo printing industries in China. In Malaysia, the company moved to a new site in Bukit Jalutong where they plan to open a Technology Center to showcase live demonstrations of EF flexor presses with full automation. This will boost the growth of these markets.
Market players have adopted a number of strategies, including strategic new product launches, mergers, acquisitions and agreements.
The Industrial Printing Equipment industry reveals the adoption of strategies by key players, including the introduction of new products, frequent approvals and long term alliances. These strategies are aimed at increasing market revenue share as well as gaining a significant geographical presence throughout the region. CEAD (Netherlands-based CEAD) and Siemens, who have been working together since November 2018, are expanding their partnership to launch the AM Flexbot. The hybrid machine is a combination of additive manufacturing and CNC. The AM Flexbot is controlled by Siemens technology and integrates Sinumerik CNC with Run MyRobot/Direct Control. It also includes a Comau robotic arm, CEAD’s single-screw extruder, as well as Siemens’ Sinumerik CNC. This innovative machine offers enhanced capabilities for additive manufacturing by milling down the printed dimensions to their final dimensions.
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The report on the industrial printing equipment industry includes a list of key players, including HP Inc, Canon Inc., Xerox Corporation, Epson Corporation, Heidelberg Printing Machines AG, Ricoh Company, Ltd., Konica Minolta, Inc., EFI Inc. (Electronics for Imaging), Durst Phototechnik AG, Roland DG Corporation.
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