According to the analysis of the digital printing market by the Smithers Peel Institute, the output value of the digital printing industry in 2013 was only 131.5 billion US dollars. It is expected that the output value will increase to 187.7 billion US dollars by 2018, with a compound annual growth rate of 7.4%. The rapid development of digital printing has determined its rise in the overall print market share. It is expected that by 2018, the digital printing market share will increase from 9.8% in 2008 to 20.6%.

Between 2008 and 2017, global offset printing declined, and by 2018, it is expected to decline by 10.2%, while digital printing is expected to increase by 68.1%. The report analyzes that in 2018, digital printing will continue to lead the industry through market innovation, cutting-edge technology, industry power and digital printing trends.

About the development of digital printing equipment. According to data from the Smithers Peel Institute, the new equipment market in the printing industry has exceeded $17.9 billion in 2017. The industry will maintain a slow increase in the next few years and will grow by 1.5% by 2021. One hundred million U.S. dollars. Compared with the large growth in other areas of the printing industry, the growth rate of the digital equipment sector is slow. This is because although the investment in emerging markets and packaging and printing machinery continues to grow, the growth in the digital equipment sector has slowed due to the continued sluggish demand in the printing market.

As the demand for digital printing equipment changes, the business model of printers is constantly changing, and more and more printing companies hope to promote their strength in new areas through smart investments in the latest and most advanced equipment. Therefore, it can be foreseen that although the increase is small, the digital printing equipment market will continue to maintain a good upward trend, laying the foundation for the long-term development of the entire digital printing industry. As a result, digital printing equipment will continue to dominate the digital printing arena, creating new value-added opportunities for equipment suppliers and printers.