LONDON--(BUSINESS WIRE)--The commercial online printing market in the European Union market is poised to reach USD 1.7 billion by 2023, according to a new report by Technavio, progressing at a CAGR of nearly 5% during the forecast period.
“Apart from the growing adoption of digital printing, the increasing adoption of hybrid printing and development in communication network infrastructure are other factors that will boost market growth during the forecast period,” says a senior analyst at Technavio. Request Free Sample Pages
The market is driven by the availability of POD services. In addition, the growing adoption of digital printing is anticipated to further boost the commercial online printing market in the European Union during the forecast period.
Currently, printing service providers are increasingly implementing digital printing for printing materials such as business cards, labels, brochures, flyers, and posters. The demand for product variations and customization has prompted leading vendors to adopt digital printing technology. Moreover, some of the features offered by digital printing technology are real-time proofing, flexibility, improved color characteristics, and variable data printing. The growing implementation of digital printing by print service providers is expected to positively impact the growth of the market.
Furthermore, the availability of digital printing has increased the demand for POD services as it enhances the quality of printing and provides the required number of print copies in a short duration. This increasing preference for POD services will support the growth of the commercial online printing market in the European Union during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Agfa-Gevaert Group
- CEWE Foundation & Co. KGaA
- Cimpress NV
- FLYERALARM Ltd.
- Konica Minolta Inc.
- MOO Print Ltd.
- Onlineprinters GmbH
- Ricoh Company Ltd.
- unitedprint.com UK Ltd.
- Xerox Corp.
Market Segmentation by Category and Product Types:
The commercial online printing market in the European Union can be broadly categorized into the following products:
- Business cards
- Display POS and signage
Key Regions for the Commercial Online Printing Market in the European Union:
Featuring a breakdown of region-wise market shares until 2019.
- Western Europe
- Eastern Europe
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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