The printing machinery and equipment manufacturing market comprise of machinery engaged in printing activities out different entities and establishments that produce printing & bookbinding machinery materials, such as printing presses, typesetting machinery, and other bindery machinery.
According to study, “Printing Machinery And Equipment Manufacturing Global Market Report 2019” the key companies operating in the global printing machinery and equipment manufacturing market is Aim Machintechnik Pvt. Ltd., Heidelberger Druckmaschinen AG, Bobst Group SA, R.K. Label Printing Machinery (P) Ltd, Edale UK Limited, Comexi, Printing Machine.co.in., Koenig & Bauer, Wolverine Flexographic LLC, Mark Andy Inc., Shanghai Printyoung International Industry Co., Palm Paper Machine, Shanghai Liu Xiang General Equipments Co., MPS Systems B.V., Dongguang Xinghui Carton Machinery Co., Nilpeter A/S, Star Flex International, OMET, Wenzhou Daba Machinery Co., Ltd., Rotatek, Zhejiang Hexiang Printing Machinery Co., Rotatek, Ruian Husong Printing Machinery Co., Edale UK Limited, Wenzhou Hero International Trade Co., Polygraph Limited. The key printing equipment manufacturers have started focusing on up-gradating the technology to cater to their customers.
The printing machinery equipment manufacturer’s these days are using new industrial methods with the use of advanced technologies such as Industrial Internet of Things (IIoT) for the faster and enhanced production & delivery of industrial machinery to their customers. IIoT is a technology in which sensors, computers, networks interact in their own environment for generating the data and improvised industrial processes. The IIoT further streamlines the information flow and further enabling real-time decisions. This also leads to providing enhanced production efficiency, minimal machine breakdowns, and lowering the manufacturing costs. However, an increase in developing worries for the upkeep of the printing machines and likewise impacting the quality globally.
Based on the type, the market is segmented into typesetting machinery, printing trades binding machinery and equipment, printing presses, and others. Based on product type, the market is segmented into digital, offset, flexo, sheetfed, web, and others. Based on technology, the market is segmented into automatic technology and semi-automatic technology. In addition, based on end-use, the market is segmented into publication, packaging, commercial, and others. The packaging sector is anticipated to witness a higher growth rate due to a rise in demand from industrial sectors during the forecast period.
The printing machinery and equipment manufacturing market is driven by growth in population, followed by an increase in investment in the manufacturing industry, exploration of shale oil, and low fuel prices. However, unstable global metal prices and regulations surrounding carbon emissions may impact the market. Moreover, an increase in the popularity of 3D printing and excellent productivity is a key opportunity for the market.
Based on geography, the global printing machinery, and equipment manufacturing market is segmented into Asian-Pacific, North-American, European, and others. The Asian-Pacific region holds the major share in the market owing to the rise in income and an increase in urbanization in the region. Whereas, the North-Americana and European regions are estimated to exhibit substantial growth rate due to growth in technological advancements such as evolving software tools, digital enhancements of equipment and automation in printing over the forecast period.
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