Printing Machines Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027
According to a new market research report published by Credence Research “Global Printing Machines Market (Product (Offset Lithography, Flexography, Gravure, Letterpress, Digital), Application (Clothing/Garment, Paper, Display & others, Technical textiles) Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the printing machines market is set to grow with a CAGR of 4.5% during the forecast period, starting from $19.50 Bn in 2018.
The global printing machines market is driven by rapid developments and changes in the manufacturing techniques of these machines. The advanced machines are developed with integrated software and tools that help the user to handle the machines hassle-free. Additionally, printing machines are now being developed in various sizes in order to be user friendly and easy to carry along if required. Such features are driving the adoption of printing machines are thus, fueling the growth of this market.
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Based on geography, Asia Pacific’s printing machines market is estimated to grow at a CAGR of more than 7.5% during the forecast period. The growth of the market is driven by the increasing demand for advanced printing machines in emerging economies such as India and China. Additionally, strategic expansions of international players area also contributing to the growth of printing machines market in this regional segment.
Key players in the printing machines market are Bobst, Agfa, Canon, Goss International, Fujifilm, Heidelberg, KBA, HP, Xerox, Kodak, Konica Minolta, Komori, Ricoh, and Cerutti SpA.