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UV Inkjet Printer Market Report Overview
global uv inkjet printer market size was USD 1307.8 Million in 2021 and market is projected to touch 1809.44 Million by 2031, exhibiting a CAGR of 3.3% during the forecast period.
A UV inkjet printer is a particular kind of inkjet printer that cures the ink as it prints it onto a surface using ultraviolet (UV) radiation. This kind of printer is frequently used to print on materials including acrylic, vinyl, and plastic. The adaptability of UV inkjet printing is one of its key benefits. This kind of printer can print on a variety of materials, including some that are often challenging to print on, including metal and glass. Moreover, UV inkjet printers may print on pliable materials like paper and fabrics without worrying about the ink rubbing off or smearing. Durability is another benefit of UV inkjet printing. The UV light's curing of the ink results in a strong connection between it and the substrate that protects it against fading, scratching, and other sorts of wear and tear. Because of this, UV inkjet printing is perfect for uses including outdoor signage, car wrapping, and product labelling.
One area of the printing business that is expanding quickly is the UV inkjet printer market. While the ink is printed onto the substrate, UV inkjet printers employ ultraviolet light to cure the ink, resulting in quicker drying periods and greater durability of the printed material. Due to its capacity to print on a variety of substrates, such as plastics, metal, glass, and ceramics, UV inkjet printer demand has grown recently. For of this, they are well-liked in sectors including packaging, automobiles, and signs. The rising need for customised and personalized printing is another factor propelling the UV inkjet printers market size. UV inkjet printers are the best choice for printing single items or short runs since they can deliver full-color, high-quality prints at a reasonable price.
COVID-19 Impact: The Pandemic Reduced Demand And Disrupted Supply Systems, Which Hampered The Market
The decline in demand is one of COVID-19's major effects on the UV inkjet printer business. Several firms have been obliged to reduce expenditures as a result of the economic effects of the epidemic, including investments in new printing technologies. In order to prevent an oversupply, manufacturers had to dramatically cut their manufacturing capacity and output as a result of the sharp decline in demand for UV inkjet printers. Also, the pandemic has hampered supply chains, which has slowed down UV inkjet printer output and delivery. Manufacturers have faced logistical difficulties because to the severe lockdown measures implemented by several nations, including labour shortages and limitations on the transportation of commodities. This has caused delays in the manufacturing and supply of UV inkjet printers, which has further hindered the market growth.
Latest Trends
"One Significant Development In The Market For UV Inkjet Printers Is The Incorporation Of UV-Curable Inks"
The integration of UV-curable inks is a major trend in the UV inkjet printer market. UV-curable inks are becoming increasingly popular due to their many benefits over traditional solvent-based inks. Because UV-curable inks dry more quickly, they may be used to print on a larger variety of materials, such as plastics, metal, and glass. Due to the need to print on a range of materials, this has raised demand for UV inkjet printers in sectors like packaging. UV-curable inks offer improved colour brightness and durability in addition to their adaptability. They are perfect for printing on items that will be exposed to the weather or need long-term durability since they are fade-resistant and have great adhesive capabilities.
The lower environmental impact of UV-curable inks is another advantage. They don't leak volatile organic compounds (VOCs), which may be detrimental to the environment and human health, into the air like solvent-based inks do. New printer types that are made expressly for printing with UV-curable inks have also been developed as a result of the incorporation of these inks. These printers have curing systems and printheads that are especially made to maximize the printing of UV-curable inks, leading to better print quality and efficiency. Overall, the use of UV-curable inks is an important trend in the market for UV inkjet printers since they have several advantages over conventional solvent-based inks and are stimulating demand for new and cutting-edge printer models.
UV Inkjet Printer Market SEGMENTATION
- By type
Depending on UV inkjet printer given are types: Small & Medium Format, Large Format. The Small & Medium Format type will capture the maximum market share through 2031.
- By Application
The market is divided in Commercial & Signage, Industrial & Others based on application. The global UV inkjet printer market players in cover segment like Commercial & Signage will dominate the market share during 2021-2031.
Driving Factors
"The High-Resolution Printing Capabilities Of UV Inkjet Printers Is A Key Driver Promoting The Market's Expansion"
One important reason propelling the market's expansion is UV inkjet printers' capacity to print at high resolution. UV inkjet printers are perfect for a range of sectors, including packaging, advertising, and manufacturing, since they can print high-quality pictures on a variety of substrates, including glass, metal, plastic, and wood. UV inkjet printers have the potential to print in high resolution, but they also have additional advantages including quicker printing rates and lower running costs. This has caused firms to embrace them more frequently, which is fueling market expansion. Moreover, UV inkjet printers are very adaptable and can print on a variety of substrates, including non-porous materials, which are not possible with conventional printing techniques.
UV inkjet printers are useful for a range of applications, including printing on product packaging, promotional materials, and signs because to their adaptability. In addition, UV inkjet printers are perfect for situations where customised and customised printing are in high demand. These printers let companies to produce individualized and distinctive items for their consumers by printing high-quality graphics on a range of surfaces. In conclusion, one major element propelling UV inkjet printer market growth is the high-resolution printing capabilities of UV inkjet printers. UV inkjet printers are gaining popularity across a range of sectors due to their capacity to print high-quality pictures on a variety of substrates, which is causing an increase in their use by businesses.
"The Expansion Of The UV Inkjet Printer Market Will Be Fueled By Rising Demand For Customised And Personalized Printing"
The UV inkjet printer market growth is expanding as a result of the rising demand for customised and personalized printing across several sectors. Due to its versatility and high-quality printing capabilities, UV inkjet printers are perfect for bespoke and customised printing. The growth of e-commerce is one of the primary factors influencing the need for custom and customised printing. It is now more crucial than ever for companies selling their goods online to set themselves apart from the competition. Businesses may produce distinctive and memorable items that stand out from the competition by using custom and customised printing. UV inkjet printers are perfect for producing unique and customised items since they have high-quality printing capabilities. They are able to print on a variety of materials, such as paper, plastic, metal, and even wood. For of this, they are well-liked in many sectors, including packaging, manufacturing, and advertising. The market for UV inkjet printers is predicted to expand as the need for customised and personalized printing keeps rising. UV inkjet printers are now able to print more quickly and effectively thanks to developments in printing technology, making them a desirable choice for companies wishing to produce unique and personalized goods.
Restraining Factors
"The Expansion Of The UV Inkjet Printer Market To Be Constrained By Competition From Alternative Printing Technologies"
Traditional offset printing is one of UV inkjet printer market growth main rivals. For many years and even now, offset printing has been a frequently utilised printing process. Particularly for applications requiring big volumes of printing, it is renowned for its high-quality output and affordability. Offset printing continues to keep a sizable market share despite UV inkjet printers' many benefits over offset printing, including the ability to print on a larger variety of substrates and quicker turnaround times. Digital printing technologies like electrophotography (EP) and electrostatic printing are a major rival of UV inkjet printers (ES). These technologies have made considerable strides in recent years and can now produce prints of the highest quality at the fastest speeds ever. In addition, unlike UV inkjet printers, EP and ES printers may work with a variety of substrates, including paper, plastics, and metal. Although UV inkjet printers have several benefits over conventional printing methods, they are nevertheless heavily rivalled by methods like offset printing, EP and ES printing, and screen printing. In the upcoming years, the market for UV inkjet printers may have some growth restraints as these technologies continue to advance and become more effective.
UV Inkjet Printer Market Regional Insights
"Asia Pacific Market Is Expected To Continue Its Growth Trajectory As A Result Of The Rising Demand For High-Quality Printing Solutions Across A Variety Of Sectors"
Over the past few years, there has been consistent growth in the Asia Pacific UV inkjet printer market share due to the expanding use of digital printing technology across several industries, including packaging, textiles, and signs, the demand for UV inkjet printers in the area has been growing. The desire for customised and personalized printing, the expansion of the e-commerce sector, and the rising need for UV inkjet printers in the packaging industry are some of the reasons driving the UV inkjet printer market in the Asia Pacific region. The popularity of UV-curable inks, which provide a number of advantages like high-quality printing, durability, and resistance to fading, is also boosting demand for UV inkjet printers. Among the biggest markets in the Asia Pacific area for UV inkjet printers are China, Japan, and India. Due to the country's expanding need for digital printing technology in the textile and packaging sectors, China is the largest market in the area for UV inkjet printers, accounting for a sizeable portion of the market. There are many competitors functioning in the highly competitive Asia Pacific UV inkjet printer market. Canon Inc., Epson, Fujifilm Holdings Corporation, HP Inc., and Ricoh Company Ltd. are a few of the market's top companies.
The market for UV inkjet printers in North America has expanded significantly in recent years. The usage of digital printing technology is expanding, and there is a growing need for individualized, high-quality printing solutions. Using UV-curable inks to create high-quality pictures and graphics on a range of substrates, including paper, plastics, metals, and glass, UV inkjet printers are extremely effective and adaptable printing solutions. In many different industries, including packaging, signs, textiles, and industrial printing, these printers are frequently utilised. The growing demand for high-quality and customised printing options is one of the key factors driving the UV inkjet printer market share in North America. Moreover, the increasing popularity of digital printing technology has also contributed to the growth of the UV inkjet printer market in North America. Digital printing technology offers several advantages over traditional printing methods, such as faster turnaround times, lower costs, and the ability to produce short runs of customized prints.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- EPSON (Japan)
- Canon (Japan)
- Durst (Italy)
- Fujifilm(Japan)
- EFI (U.S)
- MIMAKI (Japan)
- JHF (China)
- Roland (Japan)
- MUTOH (Japan)
- KINGT (China)
- Domino Digital Printing (U.K)
- Agfa Graphics (Belgium)
- Techwin (South Korea)
- HP (U.S)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1307.8 Million in 2021 |
Market Size Value By |
US$ 1809.44 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What are the key factors driving the UV inkjet printer market?
The high-resolution printing capabilities and rising demand for customised and personalized printing are the key factors driving the UV inkjet printer market.
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What was the impact of COVID-19 on the UV inkjet printer market?
The pandemic reduced demand and disrupted supply systems, which hampered the UV inkjet printer market.
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What is the leading region in the UV inkjet printer market?
Asia Pacific is the leading region in the UV inkjet printer market.
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What are the key players in the UV inkjet printer market?
EPSON, Canon, Durst, Fujifilm, EFI are some of the key players in the UV inkjet printer market.