Global Inkjet Market to Hit Double-Digit Growth Through 2021

The global market for inkjet technologies should grow from $4.2 billion in 2016 to $125.2 billion by 2021 at a five-year annual growth rate (CAGR) of 24.6%.

So says bccresearch, as innovative non-printing applications continue to emerge.

Inks and other fluids as a segment should total $23.5 billion and $79.2 billion in 2016 and 2021, respectively, growing at a five-year CAGR of 27.5%. Print heads and other hardware segment should reach $46.7 billion by 2021, up from $18.4 billion in 2016, demonstrating a five-year CAGR of 20.5%.

Geographically speaking, the Asia-Pacific region should see its share grow from 55% to 57% between 2015 and 2021. Europe and North America are the second- and third-largest geographical markets with about 18% and 11% of the market, respectively , in 2015. By 2021, Europe’s share is expected to decline to 15%, while the North America’s share increases to 13%.

More information contact BCC Research LLC at Email: editorial@bccresearch.com.

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