Technavio, a tech-focused market research firm, has published a new report on the global inkjet heads market, which is expected to experience steady growth with a CAGR of almost 4% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global inkjet heads market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global inkjet heads market into the following key regions: The Americas, APAC and EMEA.
Geographical segmentation of the global inkjet heads market for 2015 (market share %)
|
Americas |
37.56% |
|
APAC |
31.56% |
|
EMEA |
30.88% |
Source: Technavio
Inkjet heads market in the Americas
The Americas accounted for around 38% share in the global inkjet heads market in 2015 and will be the highest contributor to the market during the forecast period. The high rise in the demand for inkjet printers and color laser printers has made the Americas a significant contributor to the global market revenue. The key revenue generator in the region is the US. Another important factor that is driving the inkjet market in the Americas is the presence of HP, which is one of the leading vendors in the printer industry. The demand for inkjet printers in the industrial sector, educational institutes, and corporates has further driven the market for inkjet heads. Besides this, continuous technological advancements along with consumers with smart technological knowledge is driving the market for wireless printers in various regions of the Americas. Apart from the US, Mexico and Brazil are other key revenue generators of this region.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on embedded systems, “The major factor that will boost the market for inkjet printers in the Americas is the upcoming presidential election in the US in November 2016. The elections will require printing of huge amount of pamphlets, banners, and posters during the campaign, which will positively affect the market for inkjet printers in the Americas. Moreover, due to the positive impact of the Federation of Europe Screen Printers Association (FESPA) exhibitions, countries like Brazil and Mexico will increase their expenditure on printers, further driving the market.”
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Inkjet heads market in APAC
In 2015, the APAC region accounted for around 32% market share in the global inkjet heads market. Besides Japan as the key revenue generator of the region, the other revenue generating countries of the region includes South Korea, Taiwan, Japan, and China. The major reason behind their contribution is the infrastructural development and technological advancements. China being the fastest developing country as compared to other economies, and will contribute to the growing demand for printers in the APAC region. Apart from this, the expansion and growth of the IT sector in the region will further boost the market of inkjet printers. Moreover, the presence of leading printer vendors such as Canon, Seiko Epson, and Brother Industries in this region, will also drive growth in the global inkjet heads market.
Inkjet heads market in EMEA
EMEA contributed around 31% in the global inkjet heads market in 2015.The key revenue generators of this region are UAE and turkey with other countries such as North Africa, Nigeria, and Sub-Saharan Africa. Owing to the increased shipments of printer in this region the demand for printer inkjet heads will increase in the local market, resulting in the high growth of the global inkjet heads market. Technavio’s market research analysts predict that vehicle wraps and large format advertising will further drive the growth of the market in the EMEA region during the forecast period.
The top leading vendors operating in the global inkjet heads market are:
- Fujifilm
- Konica Minolta
- Kyocera
- Memjet
- Toshiba TEC
- Xaar
A more detailed analysis is available in the Technavio report tilted, ‘Global Inkjet Heads Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Multi-Function Printer Market 2016-2020
- Global Printer Supplies Market 2016-2020
- Global Wireless Printer Market 2015-2019
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