According to a survey released by Pira Corporation of the United Kingdom, the global printing equipment market (specifically, new equipment) will reach US$22.7 billion in 2017, although there is still a gap compared with the US$25.3 billion at the peak in 2007. However, this market can go out of the trough after the economic crisis and will maintain an average annual growth rate of 1.6% between 2013 and 2017.
The research report titled "2017 Global Printing Equipment Market Forecast" provides a comprehensive analysis of the global printing equipment market from the aspects of technology and sales trends, and forecasts the development prospects of the printing equipment market in more than 20 countries around the world.
According to the report, the growth momentum of the global printing equipment market is mainly due to the value-added functions of analog and digital printing equipment, rather than traditional lithographic, flexographic or gravure printing equipment. A new generation of presses is more than the older generation of equipment, and its automation and control system can significantly simplify the printing process. Most printing companies choose to replace two or three older devices with a brand new press. In addition, the high quality, high productivity and high stability of digital presses have become the main reason why companies use them to replace traditional printing equipment. During the period from 2014 to 2017, the installed capacity of digital presses will exceed 40,000 units worldwide.
In 2012, the installed base of digital and analog presses was approximately 1.1 million units worldwide, and by 2017, this figure will increase to 1.2 million units. During this period, the installed capacity of the analog press will remain basically stable, while the installed capacity of the digital press will continue to grow.
Digital printing equipment centered on inkjet and electrophotographic technology will become an important branch of the printing equipment supply market. Its market share will increase from 14.2% in 2007 to 32.5% in 2017. At the same time, more and more analog printing equipment and prepress system suppliers will enter the digital printing arena.
From a regional perspective, China, Brazil, India and Russia will become countries with strong purchasing power for new equipment. Although sheetfed presses are still the leader in the printing equipment market, the restructuring and bankruptcy of some German press manufacturing giants also indicate a reduction in demand for conventional presses in countries such as Europe, North America and Japan. As the market demand changes, the era of lithography dominates the world is coming to an end.
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