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The zink printing market is projected to grow by USD 96.95 million with a CAGR of 3.24% during the forecast period 2021 to 2026.
This zink printing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the zink printing market segmentation by application (commercial and residential) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The zink printing market report also offers information on several market vendors, including Brother International Corp., C&A Marketing Inc, Canon Inc., Dell Inc., Eastman Kodak Co., HP Inc., LG Electronics Inc., Lifeprint Products Inc., and Zink Holdings LLC, among others.
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The advantages of zink printing is notably driving the zink printing market growth, although factors such as the presence of alternative methods may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the zink printing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Zink Printing Market Driver
The advantages of zink printing are one of the key drivers supporting the zink printing market growth. Zink printing produces full-color digital /images without ink cartridges, ribbons, or toners. It is a new approach to printing, as this technology shifts the printing paradigm from ink cartridges or ink ribbons to a totally ink-free system and introduces a new category of devices that facilitate the production of high-quality digital content. Zink printing is an ideal solution to print with detailed definitions as it can print fine details accurately. It also allows users to obtain the exact designs according to their requirements. Thus, the elimination of the use and wastage of cartridges in zink printing will drive the growth of the market during the forecast period.
Key Zink Printing Market Trend
The growing demand for portable printing solutions is one of the key zink printing market trends contributing to the market growth. Portable printers enable employees to print documents irrespective of whether they are inside or outside the office. This, in turn, will help them manage their time more efficiently and meet their targets. Employees working remotely in a warehouse must be able to print labels by connecting the portable printer to their mobile devices. Hence, vendors are offering solutions that help these employees to connect their mobile devices, such as laptops, to portable printers. Thus, these factors will fuel the market in focus during the forecast period.
Key Zink Printing Market Challenge
The presence of alternative methods is one of the factors impeding the zink printing market growth. There are various other printing technologies available in the market, such as flexographic printing, gravure printing, surface printing, and others. Flexographic printing uses flexible plates to transfer the ink onto a substrate. It is an economical alternative to digital printing for medium-to-long print runs, simple designs, and color combinations. Flexographic label printing solutions can achieve quick line speeds. Hence, they can be used to print large orders with short lead times. Thus, the availability of various types of printing technology hinders the adoption of zink printing during the forecast period.
This zink printing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global zink printing market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the zink printing market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the zink printing market encompasses successful business strategies deployed by the key vendors. The zink printing market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report zink printing market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the zink printing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market’s growth will originate from North America during the forecast period. The US is the key market for the zink printing market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The presence of a high number of small and medium-sized enterprises (SMEs) will facilitate the zink printing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted the regional market. However, in H2 2020, due to the introduction of vaccines, the number of COVID-19 cases decreased in the region. This led to the reopening of offices across the region and increased the demand for zink printers. Therefore, the regional market will continue to witness growth during the forecast period.
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The zink printing market share growth by the commercial segment will be significant during the forecast period. The commercial was the largest segment of the market in 2021 and will continue to be the largest segment of the market in 2026, growing faster than the overall market (3.24%). It will grow at a compounded annual growth rate of 3.54% between 2021 and 2026.
This report provides an accurate prediction of the contribution of all the segments to the growth of the zink printing market size and actionable market insights on the post-COVID-19 impact on each segment.
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Zink Printing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.24% |
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Market growth 2022-2026 |
$96.95 million |
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Market structure |
Concentrated |
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YoY growth (%) |
2.7 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 43% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Brother International Corp., C&A Marketing Inc, Canon Inc., Dell Inc., Eastman Kodak Co., HP Inc., LG Electronics Inc., Lifeprint Products Inc., and Zink Holdings LLC |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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