Printing Machinery and Equipment Market Size, Share, Growth by 2030

The market for printing machinery and equipment is anticipated to reach a value of US$ 181.92 billion by the year 2030, with a compound annual growth rate (CAGR) of 11.8% projected from 2022 to 2030.

The expansion of the mass media sector plays a crucial role in driving the growth of the printing machinery and equipment market. Even with the increasing prevalence of digital media, traditional print media formats such as newspapers, magazines, and books remain essential components of the mass media landscape. The demand for high-quality printed materials continues to support the printing machinery and equipment market, as publishers need efficient printing solutions to produce large volumes of newspapers, magazines, and books to cater to widespread readership. A notable development occurred in November 2022 when the Hankyung Media Group from South Korea entered into a partnership with manroland Goss, a prominent provider of offset printing technologies, to acquire two new COLORMAN e:line press lines. This collaboration highlights the significance of partnerships between media organizations and printing machinery suppliers, emphasizing the need for enhanced print quality, faster production rates, and greater automation in printing processes to satisfy the demands of newspapers and other printed materials.

The rise of web-to-print platforms has also contributed to the market's growth, allowing customers to personalize and order printed products online. These platforms are designed to integrate seamlessly with printing machinery and equipment, automating the printing process and minimizing the need for manual intervention, thereby optimizing operational efficiency. The increasing popularity of web-to-print solutions is expected to create significant opportunities for manufacturers of printing equipment to innovate and produce compatible machinery.

Impact of the COVID-19 Pandemic on the Printing Machinery and Equipment Market Growth

In the Middle East and Africa (MEA), countries such as the UAE, Saudi Arabia, Iran, Oman, and Kuwait faced substantial challenges due to the COVID-19 pandemic. The initial phases of 2020 saw a suspension of most economic activities in the region as COVID-19 cases surged. Travel restrictions further complicated the installation and maintenance of machinery. The pandemic disrupted supply chains, limited the availability of raw materials, and imposed government restrictions, leading to a negative impact across various sectors, including the printing machinery and equipment market.

As the MEA region transitions into the post-COVID-19 landscape, the printing machinery and equipment market is undergoing transformation. Manufacturing activities are gradually resuming, resulting in a rebound in demand for printing machinery and equipment. The region, characterized by its diverse industries such as textiles, packaging, mass media and communication, and machinery, is experiencing a revival in economic activities.

In South America (SAM), Brazil was particularly hard-hit by the COVID-19 pandemic, followed by Ecuador, Colombia, and Argentina. To mitigate the spread of the virus, numerous economic activities were curtailed, severely impacting the printing industry and consequently hindering the growth of the printing machinery and equipment market. Reports indicated a significant decline in printing activities across SAM during the pandemic. However, since 2021, economies in the region have been gradually recovering, and printing companies have begun to resume operations, leading to a notable recovery in the printing machinery and equipment market.

As governments in South America lifted restrictions in a phased manner during the latter half of 2020, economic conditions began to improve, stabilizing the demand for printing machinery and equipment. In the long run, sectors such as textiles, mass media and communication, and packaging are expected to experience substantial growth, driving the demand for printing machinery and equipment in the future. The resurgence in manufacturing activities post-pandemic has led to increased investments in advanced printing technologies to meet production targets and address backlogged orders. Furthermore, the emphasis on automation and digitalization has become essential for enhancing efficiency, reducing labor costs, and adapting to the evolving market landscape.

Bangladesh, with its robust textile industry, stands out as a significant player in the demand for printing machinery and equipment, particularly for textile printing operations. According to data from Bangladesh Bank, the export revenue from ready-made garments in Bangladesh rose from US$ 38,758.31 million in 2021 to US$ 52,082.66 million in 2022, further fueling the need for printing machinery.

Key global players in the printing machinery and equipment market include Xerox Holdings Corporation, manroland Goss, Canon Inc, HP Development Company LP, Presstek, 3D Systems Inc, Komori Corporation, Honeywell International Inc, Toshiba, and Zebra Technologies Corp.

The printing machinery and equipment market is categorized based on product type, substrate type, operation, and application. In terms of product type, the market includes segments such as offset lithography, flexography, screen printing, digital printing, and others. The substrate type segmentation encompasses plastic, paper and paperboard, metal, and additional materials. The operation segment is divided into manual and automatic categories. Lastly, the application segment is further divided into commercial, publication, and other uses.