Industrial Inkjet Printing Worldwide to Approach $7.4 Billion by 2017, BCC Research Reports

According to a report by BCC Research LLC (Wellesley, MA), the global market for industrial inkjet printing hardware and consumables was valued at $1.9 billion in 2012, and will approach $7.4 billion by 2017. The report shows that inks and other functional fluids accounted for about 70% of the market in 2011 and 2012, and will increase to more than 74% in 2017.

BCC Research finds that the Asia-Pacific region is the largest market for industrial inkjet technologies. Between 2012 and 2017, Asia-Pacific’s share is expected to grow from 47% to 53% of the world market.

Europe and North America, the second and third largest markets, accounted for around 20% to 19% of the volume in 2011 and 2012. By 2017, Europe’s share is likely to decline to 16%, while the North American share will drop to 15%.