HOME Top Market Reports Digital Printing Market for Printers, Inks, and Print Heads by Ink Type (Aqueous, Solvent, UV-Curable, Latex, and Dye Sublimation), Print Head Type (Inkjet and Laser), Substrate Type (Glass, Textile, Paper), and Geography - Global Forecast to 2023

Digital Printing Market for Printers, Inks, and Print Heads by Ink Type (Aqueous, Solvent, UV-Curable, Latex, and Dye Sublimation), Print Head Type (Inkjet and Laser), Substrate Type (Glass, Textile, Paper), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: October 2017
Report Code: SE 5687

 

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The digital printing market is expected to grow from USD 21.08 Billion in 2016 to USD 28.85 Billion by 2023, at a CAGR of 4.48% between 2017 and 2023. This report provides the market size and future growth potential of the digital printing market across different segments such as ink type, print head type, substrate type, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the digital printing market. This report also profiles the key players operating in the digital printing market. The base year considered for the study is 2016, and the market size forecast is provided for the period between 2017 and 2023.

The prime Objectives of this report can be summarized in the following points.

  • To define, describe, and forecast the global digital printing market on the basis of ink type, print head type, substrate type, and geography
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders
  • To forecast the market size for various segments with respect to the following regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To strategically profile the key players and comprehensively analyze their market rankings and core competencies
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze competitive strategies such as contracts, joint ventures, mergers and acquisitions, product developments, and R&D in the digital printing market
  • To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments such as contracts, product launches, collaborations, and acquisitions

This study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.

  • Identifying various applications and industries that are using or are expected to adopt digital printing
  • Analyzing each application, along with the related major companies and their system integrators and identifying the service providers for the adoption of digital printing
  • Understanding the demand generated by these applications for digital printing
  • Estimating the market size of digital printing for each region
  • Tracking the ongoing and upcoming implementation of digital printing by various companies for each application and region to forecast the market based on these developments and other critical parameters

After arriving at the overall market size, the total market has been split into several segments and subsegments, which were further confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Digital Printing Market

To know about the assumptions considered for the study, download the pdf brochure

The digital printing ecosystem includes manufacturers and resellers such as Xerox (US), Canon (Japan), Hewlett-Packard (US), Roland (Japan), Seiko Epson (Japan), Ricoh (Japan), Toshiba (Japan), and Mimaki Engineering (Japan).

Key Target Audience

  • Digital printing service providers
  • IT service providers
  • Cloud service providers
  • Printer suppliers
  • Original equipment manufacturers (OEMs)
  • System integrators and third-party vendors
  • Software solution providers
  • Government bodies
  • Technology investors
  • Enterprise data center professionals
  • Research institutes and organizations
  • Market research and consulting firms

Scope of the Report

The digital printing market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The digital printing market has been segmented as follows:

By Ink Type

  • Aqueous
  • Solvent
  • UV-curable
  • Latex
  • Dye sublimation

By Print Head Type

  • Inkjet
  • Laser

By Substrate Type

  • Plastic films or foils
  • Release liner
  • Glass
  • Textile
  • Paper
  • Ceramic

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Ink Type Analysis:

  • Detailed analysis of Aqueous, Solvent, UV-curable, Latex, and Dye sublimation ink types

Country-wise Information:

  • Detailed analysis of each country

Company Information:

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Ink Market for Digital Printing
    4.2 Digital Printer Market in APAC
    4.3 Country-Wise Analysis of Digital Printer Market
    4.4 Country-Wise Analysis of Ink Market for Digital Printing

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Sustainable Printing
                    5.2.1.2 Development of Packaging and Textile Industries
                    5.2.1.3 Reduction in Per Unit Cost of Printing With Digital Printers
           5.2.2 Restraints
                    5.2.2.1 High Initial Investment Cost
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand From the In-Plant Market
                    5.2.3.2 Investment in R&D Activities
           5.2.4 Challenges
                    5.2.4.1 Rising Demand for Digital Advertisements and E-Books
    5.3 Value Chain Analysis (Digital Printer Market)

6 Global Digital Printing Market (Page No. - 40)
    6.1 Introduction
    6.2 Digital Printer Market
           6.2.1 Regional Analysis of Digital Printer Market, By Ink Type
           6.2.2 Digital Printer Market Based on Different Substrates, By Ink Type
    6.3 Ink Market for Digital Printing
    6.4 Print Head Market for Digital Printers

7 Ink Market for Digital Printing, By Ink Type (Page No. - 55)
    7.1 Introduction
    7.2 Aqueous Ink
    7.3 Solvent Ink
    7.4 UV-Cured Ink
    7.5 Latex Ink
    7.6 Dye Sublimation Ink

8 Print Head Market for Digital Printer, By Print Head Type (Page No. - 66)
    8.1 Introduction
    8.2 Inkjet
           8.2.1 Thermal Inkjet
           8.2.2 Piezo-Crystal–Based
           8.2.3 Electrostatic Inkjet
           8.2.4 Mems (Micro-Electro Mechanical System) Inkjet
    8.3 Laser
    8.4 Competitive Scenario
           8.4.1 List of Major Print Heads Manufacturers

9 Global Digital Printing Market, By Substrate Type (Page No. - 73)
    9.1 Introduction
    9.2 Plastic Films Or Foils
    9.3 Release Liner
    9.4 Glass
    9.5 Textile
    9.6 Paper
    9.7 Ceramic
    9.8 Others

10 Geographic Analysis (Page No. - 79)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Australia
             10.4.5 Rest of APAC
     10.5 RoW

11 Competitive Landscape (Printer Manufacturer) (Page No. - 101)
     11.1 Introduction
     11.2 Market Ranking Analysis, 2016
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches
             11.3.2 Agreements, Partnerships, and Contracts
             11.3.3 Mergers and Acquisitions

12 Company Profiles (Printer Manufacturer) (Page No. - 105)
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     12.1 Introduction
     12.2 Hewlett-Packard Development Company, L.P.
     12.3 Canon, Inc.
     12.4 Ricoh Company, Ltd.
     12.5 Mimaki Engineering Co., Ltd.
     12.6 RoLAnd Dg Corporation
     12.7 Xerox Corporation
     12.8 Seiko Epson Corporation
     12.9 Durst Phototechnik AG
     12.10 Electronics for Imaging, Inc.
     12.11 Inca Digital Printers Limited

*Details on Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

13 Competitive Landscape (Ink Manufacturer) (Page No. - 145)
     13.1 Introduction
     13.2 Market Ranking Analysis, 2016
     13.3 Competitive Situations and Trends
             13.3.1 Expansions
             13.3.2 New Product Launches
             13.3.3 Agreements, Partnerships, and Contracts
             13.3.4 Mergers and Acquisitions

14 Company Profiles (Ink Manufacturer) (Page No. - 151)
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     14.1 Introduction
     14.2 DIC Corporation
     14.3 Flint Group
     14.4 Toyo Ink Sc Holdings Co., Ltd.
     14.5 Siegwerk Druckfarben AG & Co. KGaA
     14.6 Sakata Inx Corporation
     14.7 T&K Toka Co., Ltd.
     14.8 Hubergroup Deutschland GmbH
     14.9 Sicpa Holding Sa
     14.10 Altana AG
     14.11 Dainichiseika Color & Chemicals Mfg. Co., Ltd.

*Details on Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 184)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customization
     15.6 Related Reports
     15.7 Author Details


List of Tables (70 Tables)

Table 1 Global Digital Printing Market, 2014–2023 (USD Million)
Table 2 Global Digital Printer Market, 2014–2023
Table 3 Digital Printing Market, By Ink Type, 2014–2023 (USD Million)
Table 4 Digital Printing Market, By Ink Type, 2014–2023 (Thousand Units)
Table 5 Digital Printing Market, By Region, 2014–2023 (USD Million)
Table 6 Digital Printing Market for UV-Cured Ink, By Region, 2014–2023 (USD Million)
Table 7 Digital Printing Market for Aqueous Ink, By Region, 2014–2023 (USD Million)
Table 8 Digital Printing Market for Solvent Ink, By Region, 2014–2023 (USD Million)
Table 9 Digital Printer Market for Latex Ink, By Region, 2014–2023 (USD Million)
Table 10 Digital Printing Market for Dye Sublimation Ink, By Region, 2014–2023 (USD Million)
Table 11 Digital Printing Market for UV-Cured Ink, By Substrate Type, 2014–2023 (USD Million)
Table 12 Digital Printing Market for Aqueous Ink, By Substrate Type, 2014–2023 (USD Million)
Table 13 Digital Printing Market for Solvent Ink, By Substrate Type, 2014–2023 (USD Million)
Table 14 Digital Printing Market for Latex Ink, By Substrate Type, 2014–2023 (USD Million)
Table 15 Digital Printing Market for Dye Sublimation Ink, By Substrate Type, 2014–2023 (USD Million)
Table 16 Ink Market for Digital Printing, By Region, 2014–2023 (USD Million)
Table 17 Print Head Market for Digital Printer, By Region, 2014–2023 (USD Million)
Table 18 Ink Market for Digital Printing, By Ink Type, 2014–2023 (USD Million)
Table 19 Aqueous Ink Market for Digital Printing, By Region, 2014–2023 (USD Million)
Table 20 Aqueous Ink Market for Digital Printing, By Substrate Type, 2014–2023 (USD Million)
Table 21 Solvent Ink Market for Digital Printing, By Region, 2014–2023 (USD Million)
Table 22 Solvent Ink Market for Digital Printing, By Substrate Type, 2014–2023 (USD Million)
Table 23 UV-Cured Ink Market for Digital Printing, By Region, 2014–2023 (USD Million)
Table 24 UV-Cured Ink Market for Digital Printing, By Substrate Type, 2014–2023 (USD Million)
Table 25 Latex Ink Market for Digital Printing, By Region, 2014–2023 (USD Million)
Table 26 Latex Ink Market for Digital Printing, By Substrate Type, 2014–2023 (USD Million)
Table 27 Dye Sublimation Ink Market for Digital Printing, By Region, 2014–2023 (USD Million)
Table 28 Dye Sublimation Ink Market for Digital Printing, By Substrate Type, 2014–2023 (USD Million)
Table 29 Print Head Market for Digital Printer, By Print Head Type, 2014–2023 (USD Million)
Table 30 Inkjet Print Head Market for Digital Printer, By Region, 2014–2023 (USD Million)
Table 31 Inkjet Print Head Market for Digital Printer, By Substrate Type, 2014–2023 (USD Million)
Table 32 Laser Print Head Market for Digital Printer, By Region, 2014–2023 (USD Million)
Table 33 Laser Print Head Market for Digital Printer, By Substrate Type, 2014–2023 (USD Million)
Table 34 Digital Printing Market, By Substrate Type, 2014–2023 (USD Million)
Table 35 Ink Market for Digital Printing, By Substrate Type, 2014–2023 (USD Million)
Table 36 Print Head Market for Digital Printer, By Substrate Type, 2014–2023 (USD Million)
Table 37 Digital Printing Market, By Region, 2014–2023 (USD Million)
Table 38 Digital Printing Market in North America, By Ink Type, 2014–2023 (USD Million)
Table 39 Digital Printing Market in North America, By Country, 2014–2023 (USD Million)
Table 40 Ink Market for Digital Printing in North America, By Ink Type, 2014–2023 (USD Million)
Table 41 Ink Market for Digital Printing in North America, By Country, 2014–2023 (USD Million)
Table 42 Print Head Market for Digital Printer in North America, By Print Head Type, 2014–2023 (USD Million)
Table 43 North America: Print Head Market for Digital Printer, By Country, 2014–2023 (USD Million)
Table 44 Digital Printing Market in Europe, By Ink Type, 2014–2023 (USD Million)
Table 45 Digital Printing Market in Europe, By Country, 2014–2023 (USD Million)
Table 46 Ink Market for Digital Printing in Europe, By Ink Type, 2014–2023 (USD Million)
Table 47 Ink Market for Digital Printing in Europe, By Country, 2014–2023 (USD Million)
Table 48 Print Head Market for Digital Printer in Europe, By Print Head Type, 2014–2023 (USD Million)
Table 49 Print Head Market for Digital Printer in Europe, By Country, 2014–2023 (USD Million)
Table 50 Digital Printing Market in APAC, By Ink Type, 2014–2023 (USD Million)
Table 51 APAC: Digital Printer Market, By Country, 2014–2023 (USD Million)
Table 52 Ink Market for Digital Printing in APAC, By Ink Type, 2014–2023 (USD Million)
Table 53 Ink Market for Digital Printing in APAC, By Country, 2014–2023 (USD Million)
Table 54 Print Head Market for Digital Printer in APAC, By Print Head Type, 2014–2023 (USD Million)
Table 55 Print Head Market for Digital Printer in APAC, By Country, 2014–2023 (USD Million)
Table 56 Digital Printing Market in RoW, By Ink Type, 2014–2023 (USD Million)
Table 57 Digital Printing Market in RoW, By Region, 2014–2023 (USD Million)
Table 58 Ink Market for Digital Printing in RoW, By Ink Type, 2014–2023 (USD Million)
Table 59 Ink Market for Digital Printing in RoW, By Region, 2014–2023 (USD Million)
Table 60 Print Head Market for Digital Printer in RoW, By Print Head Type, 2014–2023 (USD Million)
Table 61 Print Head Market for Digital Printer in RoW, By Region, 2014–2023 (USD Million)
Table 62 Market Ranking of Top 5 Players in the Digital Printer Market in 2016
Table 63 New Product Launches, 2014–2017
Table 64 Agreements, Partnerships, and Contracts, 2014–2017
Table 65 Merger and Acquisitions, 2014–2017
Table 66 Market Ranking of Top 5 Players in Ink Market for Digital Printing in 2016
Table 67 Expansions, 2014–2017
Table 68 New Product Launches, 2014–2017
Table 69 Agreements, Partnerships, and Contracts, 2014–2017
Table 70 Merger and Acquisitions, 2014–2017


List of Figures (58 Figures)

Figure 1 Digital Printing Market: Research Design
Figure 2 Digital Printing Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Digital Printing Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Ink Market for Digital Printing is Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 6 Digital Printing Market for Solvent Ink is Expected to Hold the Largest Share During the Forecast Period
Figure 7 Ink Market for Digital Printing for UV-Cured Ink is Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 8 Inkjet Print Head Market for Digital Printer is Expected to Hold A Larger Share During the Forecast Period
Figure 9 UV-Cured Ink is Expected to Drive the Ink Market for Digital Printing Between 2017 and 2023
Figure 10 China Held the Largest Share of the Digital Printer Market in APAC in 2016
Figure 11 The US Held the Largest Share of the Digital Printer Market in 2016
Figure 12 The US Held the Largest Share of the Ink Market in 2016
Figure 13 Digital Printing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Value Chain Analysis: Major Value is Added During the Manufacturing Phase
Figure 15 Global Digital Printing Market
Figure 16 Ink Market for Digital Printing is Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 17 UV-Cured Ink Based Digital Printer is Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 18 North America is Expected to Hold the Largest Share of the Digital Printer Market During the Forecast Period
Figure 19 Digital Printing Market for the UV-Cured Ink in APAC to Grow at the Highest CAGR Between 2017 and 2023
Figure 20 Digital Printer Based on Plastic Film Or Foil Substrates is Expected to Hold the Largest Market Share Between 2017 and 2023
Figure 21 North America to Hold the Largest Share of the Ink Market for Digital Printing During the Forecast Period
Figure 22 North America to Hold the Largest Share of the Print Head Market for Digital Printer During the Forecast Period
Figure 23 Ink Market for Digital Printing, By Ink Type
Figure 24 The Ink Market for UV-Cured Ink for Digital Printing to Grow at the Highest Rate Between 2017 and 2023
Figure 25 North America to Hold the Largest Share of the UV-Cured Ink Market for Digital Printing Between 2017 and 2023
Figure 26 North America to Hold the Largest Share of the Dye Sublimation Ink Market for Digital Printing Between 2017 and 2023
Figure 27 Print Head Market for Digital Printer, By Ink Type
Figure 28 Inkjet Print Head is Expected to Account for the Largest Share of the Print Head Market for Digital Printers During the Forecast Period
Figure 29 North America is Expected to Account for the Largest Share of the Inkjet Print Head Market for Digital Printers Between 2017 and 2023
Figure 30 North America is Expected to Account for the Largest Share of the Laser Print Head Market for Digital Printers Between 2017 and 2023
Figure 31 Digital Printing Market, By Substrate Type
Figure 32 Ink Market for Plastic Film Or Foil Substrates is Expected to Hold the Largest Market Share Between 2017 and 2023
Figure 33 Print Head Market for Textile Substrates is Expected to Grow at the Highest CAGR Between 2017 and 2023
Figure 34 Digital Printing Market, By Geography
Figure 35 US is Expected to Hold the Largest Market Share of the Digital Printer Market in North America Between 2017 and 2023
Figure 36 US is Expected to Hold the Largest Market Share of the Ink Market for Digital Printing in North America Between 2017 and 2023
Figure 37 Germany to Hold the Largest Market Share of the Digital Printer Market in Europe Between 2017 and 2023
Figure 38 Germany to Hold the Largest Market Share of the Ink Market for Digital Printing in Europe Between 2017 and 2023
Figure 39 China to Hold the Largest Market Share of the Digital Printer Market in APAC Between 2017 and 2023
Figure 40 China to Hold the Largest Share of the Ink Market for Digital Printing in APAC Between 2017 and 2023
Figure 41 Middle East is Expected to Hold the Largest Market Share of the Digital Printer Market in RoW
Figure 42 Middle East is Expected to Hold the Largest Market Share of the Ink Market for Digital Printing in RoW
Figure 43 Battle for Market Share: Product Launches Emerged as the Key Strategy Between 2015 and 2017
Figure 44 Geographic Revenue Mix of Major Players in the Digital Printing Market, 2016
Figure 45 Hewlett-Packard Development Company, L.P.: Company Snapshot
Figure 46 Canon, Inc.: Company Snapshot
Figure 47 Ricoh Company, Ltd.: Company Snapshot
Figure 48 Mimaki Engineering Co., Ltd.: Company Snapshot
Figure 49 RoL and DG Corporation: Company Snapshot
Figure 50 Xerox: Company Snapshot
Figure 51 Seiko Epson Corporation: Company Snapshot
Figure 52 Electronics for Imaging, Inc.: Company Snapshot
Figure 53 Battle for Market Share: Expansion Emerged as the Key Strategy Between 2015 and 2017
Figure 54 Geographic Revenue Mix of Major Players in the Ink Market for Digital Printing, 2016
Figure 55 DIC Corporation: Company Snapshot
Figure 56 Toyo Ink SC Holdings Co., Ltd.: Company Snapshot
Figure 57 Sakata Inx Corporation: Company Snapshot
Figure 58 Dainichiseika Color & Chemicals Mfg. Co., Ltd.: Company Snapshot

According to MarketsandMarkets’ forecast, the digital printing market, in terms of value, is expected to grow from USD 22.18 Billion in 2017 to USD 28.85 Billion by 2023, at a CAGR of 4.48% between 2017 and 2023. Major drivers for the market are the growing demand for sustainable printing, development of packaging and textile industries, and reduction in per unit cost of printing with digital printers.

This report covers the digital printing market based on ink type, print head type, substrate type, and geography. The UV-cured ink type is expected to lead the market between 2017 and 2023. The UV-cured ink type is expected to be the fastest-growing deployment mode in the digital printing market as it offers benefits such as quick drying, environment-friendly, low price, and resistance to UV rays.

The development of packaging and textile industries, and reduction in per unit cost of printing with digital printers are majorly driving the growth of digital printing technologies worldwide.

The market in APAC is expected to grow at the highest rate between 2017 and 2023. APAC has witnessed a rapid growth in industrialization over the past decade, which has created a lot of opportunities for MPS. APAC is the market leader pertaining to the overall textile printing industry. China and India are the biggest suppliers of textiles and comprise the maximum number of textile printing owners and marketers. They also hold the largest base of textile manufacturers. These factors are majorly contributing to the growth of the digital printing market in APAC during the forecast period.

Digital Printing Market

North America is expected to hold the largest share of the digital printing market in 2023. The North American market has many startups and favorable compliance and government regulations for the business environment. The enterprises in this region have a rapid growth rate and a heavy demand for digital printing technology. Due to favorable government regulations, European companies are also investing in the North American market, which is expected to help the region to have the maximum share of the digital printing market.

Only restraint for the market is the high initial investment cost. The possible operating expenses in the digital printing far outweigh the one-time investment cost of other printing technologies, which is acting as a weakness for the adoption of digital printing.

The major challenge for the companies in the market is the rising demand for digital advertisements and e-books. The major vendors in the digital printing market include Xerox (US), Hewlett-Packard (US), Ricoh (Japan), and Canon (Japan). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the needs of customers.

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