Production Printer Market Worth 7.74 Billion USD and Forecast by 2022

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MarketsandMarkets Presents
Production Printer Market by Type (Monochrome,
Color), Technology (Inkjet, Toner), Production
Method (Cut Sheet, Continuous Feed, Sheet Fed,
and Web Based), Application and Geography -
Global Trends Forecast to 2022 The global
production printer market is expected to reach
USD 7.74 billion by 2022, at a CAGR of 5.5,
during the forecast period. Meanwhile, the global
shipment of production printers is expected to
reach 75,087 by 2022. The high demand for
production printers in the media and advertising
industry and the growing demand in the publishing
application are expected to drive this market
during the forecast period.
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Transactional application is expected to lead the
production printer market Production printers are
extensively used for the large-scale printing of
transactional documents including bills,
statements, invoices, checks, insurance
documents, and other transaction-related
documents. The increased demand for printing of
transactional documents with less cost is driving
the production printer market for the
transactional application. The market for the
label package application is expected to grow
at a high rate in the production printer market.
The label package application includes the
printing of packages, boxes, cartons, bags, tags,
and labels among others. High quality, low cost,
and fast turnaround are the key factors driving
the adoption of production printers in this
market. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.a
sp?id29764400 Color type production printer
market expected to show high growth during the
forecast period Color type production printers
are extensively used in the production printer
market as they offer high reliability with
spectacular image quality and a wide range of
options for document finishing and professional
color management. These printers are widely used
in the commercial, label package, and
transactional applications among others.
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The market in APAC is expected to grow at the
highest CAGR during the forecast period. The
production printer market in APAC is expected to
grow at the highest CAGR between 2016 and 2022
because of the growing usage of production
printers, especially in Japan. The increasing
demand for the production of books, magazines,
catalogs, and manuals among others at a low cost
is expected to drive the demand for production
printers in APAC. Report Information
http//www.marketsandmarkets.com/Market-Reports/
production-printer-market-29764400.html The most
promising players in the production printer
market including Xerox Corporation (U.S.),
Hewlett-Packard (HP) (U.S.), Ricoh Company  Ltd.
(Japan),Canon Inc. (Japan), Konica Minolta, Inc.
(Japan), Agfa and Gevaert N.V. (Belgium), EFI
Electronics Corp. (U.S.), Eastman Kodak Company
(U.S.), Inca Digital Printers Ltd.(U.K.), and
Miyakoshi Co., Ltd (Japan).
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