Offset Printing Machines Market Size, Share, Growth and Industry Analysis by Type (Web Offset Printing Machines and Sheet-Fed Offset Printing Machines) By Application (Newspapers, Magazines, Banknotes, Packaging, And, Marketing Material), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Offset Printing Machines Market REPORT OVERVIEW

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The global offset printing machines market size was USD 2684.7 million in 2022 and market is projected to touch USD 3595.8 million by 2031 with a compound annual growth rate (CAGR) of 3.3% during the forecast period.

Offset printing is a printing technique that is very commonly used. Offset printing machines transfer an inked image from a plate to a rubber blanket. From the rubber blanket it is transferred to the printing surface. In the offset technique a flat image carrier is employed. It is also known by the name offset lithography. In this mass-production method, the printing media that is paper does not come in direct contact with the metal plates.

Every market is subject to many changes, developments, and innovations. These innovations act as an added advantage to the growth of the market. Recently there has been a high usage of digital offset printing machines. This is considered as the latest technology in the global offset printing machines market.

Various factors are responsible for the growth and development of the market. With the help of properly developed plates, fountain solution, and optimized inks offset printing machines can be used for printing more than million impressions. This is considered as the factor driving the global offset printing machines market growth.

COVID-19 impact: Transition to Online Mode during the Pandemic Decreased the Market Growth

The pandemic of COVID-19, created a lot of challenges to all the industries and markets all over the world. Due to the pandemic, people were not allowed to move out of their homes and they were all required to follow strict social distancing norms. Another noticeable change that happened during the pandemic was the transition of offline to online.

Everything became online including buying things, groceries, doctor appointments, healthcare, and even education. As there was a transition from offline to online, people started to opt for soft copies of any document rather than a hard copy. As a result of this, the demand for offset printing machines decreased bringing down the global offset printing machines market share.  

LATEST TRENDS

"Introduction to Digital Offset Printing Machines to Increase the Market Growth"

New technologies and innovations help in the growth of a market. The new technology that can be witnessed in the global offset printing machines market is the introduction of digital offset printing machines. As we are in an era of digitalization everything around us is going digital. Digital offset printing is basically a class of offset printers that have been converted into highly automated machines by the manufacturers. The automation can be done by streamlining the setup and change over process. Digitalization of offset printing has brought vast opportunities for market growth and development.

Offset Printing Machines Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Web offset printing machines and sheet-fed offset printing machines. The web offset printing machines segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Newspapers, magazines, banknotes, packaging, and, marketing material. The newspaper segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"High Efficiency of Offset Printing Machines in Comparison to Others to Fasten the Market Growth"

There are many different techniques of printing. However, offset printing techniques are preferred over the other techniques as it is much more efficient compared to the other methods. As offset printing techniques are used more the demand for offset printing machines has increased all over the world. 

This method helps in printing consistent high-quality images. They have the ability to produce, very clear, clean, and sharp images. The printing plates are also very easily produced. The life of these printing plates is also expected to be more as there is no direct contact between the printing surface and the plates. With the help of properly developed plates, fountain solution, and optimized inks offset printing machines can be used for printing more than million impressions. This is one of the important factors driving the market growth.

"Cost Efficiency of Offset Printing Machines to Propel the Market Growth "

When compared to other printing techniques offset printing is the cheapest of all of them. Even though it is the cheapest method, it is suitable for printing high quality commercial prints. Therefore, the manufacturers tend to choose offset printing machines over the others. This has helped in increasing the consumer base for the product.

The amount of ink can also be adjusted on the fountain roller with the help of this printing machine. This helps in providing the right amount of ink and also reduces the wastage of ink. As an offset printing machine is convenient to be used as well as cost-efficient it is opted by many people.

RESTRAINING FACTOR

"Time Required for Producing the Printing Plates to Bring Down the Market Growth"

In spite of all the advantages of offset printing machines, it also has certain disadvantages. The production of printing plates takes a long time. This can act as a major factor restraining the market growth.

The aluminum plates that are used in the offset printing are very sensitive and they tend to anodized as a result of chemical oxidation. The image quality produced through offset printing machines are said to be slightly inferior compared to the images produced from photogravure or rotogravure. All of these acts as the disadvantages. 

Offset Printing Machines Market Regional Insights

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"North America to Dominate the Market in The Upcoming Years"

North America is expected to dominate the market in the upcoming years according to the reports. Europe is said to have the next highest share in the market after North America. Many factors have contributed in the development of the market in North America.

North America is one of the regions with the highest number of printing presses in the world. Printing press is the 14^th largest industry in North America. Due to the high presence of printing press in this region, the usage of offset printing machines is also more. This has therefore, helped in the establishment of North America as the largest offset printing machines market.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Prakash (India)
• Fuji Xerox (Japan)
• Ronald Web Offset (India)
• Komori (Japan)
• Fujifilm Holdings (Japan)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations