Inkjet Printer Market Set for Robust Expansion in 2029 – The Courier
Global Inkjet Printer Market: Overview
An inkjet printer refers to a computer peripheral device that is used in the manufacture of prints by spraying ink on paper. An inkjet printer can make copies with a resolution of at least 300 dots per inch or dpi. Advanced models of inkjet printers are capable of producing color prints with a resolution of 600 dots per inch or dpi. Many of the inkjet printer models include other ancillary equipment such as a dedicated fax machine, photocopier and scanner, and a printer in a single box. The growing popularity of printers should support the growth of the global inkjet printer market in the coming years.
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The global inkjet printer market has been segmented by application and region. The main objective of such a comprehensive report is to provide an in-depth look at the market.
Global Inkjet Printer Market: Notable Developments
The global inkjet printer market has seen some landmark developments over the past few years. One such development of the global inkjet printer market is mentioned below:
- In July 2018, the Japanese company Brother Industries, Ltd introduced INKvestment inkjet printers. These printers can be used for at least a year without a refill.
Some of the major players in the global Inkjet Printer Market are
- Hitachi Industrial Equipment Systems Co., Ltd.
- Domino Printing Sciences plc.
- Brother Industries, Ltd.
- Seiko Epson Corporation
- Lexmark International Inc.
- Videojet Technologies, Inc.
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Global Inkjet Printer Market: Growth Driver
Technological progress as a trailblazer for rapid market growth
The global inkjet printer market is projected to have significant growth due to the rapid growth and expansion of m-commerce and e-commerce. The increasing demand for effective and good ways to promote various brands and communicate efficiently with customers is expected to have a positive impact on the global inkjet printer market during the reporting period.
Gradually, inkjet technology continues to develop and reaches new levels of development. Now it is seen as a reliable and economical option compared to other technologies available. Additionally, the ability of inkjet printers to deliver high speed, quality prints is likely to emerge as a growth driver for the global inkjet printer market in the coming years.
On the other hand, the cost of the cartridges and the printer itself are quite high compared to other conventional printers and their accessories. This factor is likely to hamper the growth of the global inkjet printer market in the coming years.
Global Inkjet Printer Market: Regional Outlook
North America is valued as the dominant region in the market and is likely to remain so during the analysis period. As advanced technologies penetrate deeply into various parts of North America, the inkjet printer market in the region is set to grow significantly. The North American market is driven by the US thanks to the early adoption of advanced technologies and the presence of many market participants in the region.
In addition, the Asia-Pacific region is expected to grow at a high rate of growth due to its low manufacturing cost and availability of low labor costs. The Asia-Pacific region has proven to be a suitable region for the establishment of multiple production facilities for the purpose of mass production.
The global inkjet printer market is segmented into:
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