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Disc printing is the process of data, text, or images on the surface of the optical disc. In inkjet printers, a typical mechanism is employed, in which print head is comprised of a number of tiny jets that spray the ink onto the disc, as the disc moves past the print head. It offers high-resolution printing as compared to thermal printers Inkjet disc printers are comparatively less expensive, lighter in weight and easy to transport. Inkjet printing on discs requires adequate time to dry and a special type of discs.

Market Statistics:

The U.S., Europe & Japan inkjet disc printer market is expected to surpass US$ 387.2 Mn in terms of value by the end of 2028.

U.S., Europe & Japan Inkjet Disc Printer Market: Drivers

High growth in the PC gaming market is expected to propel the U.S., Europe & Japan inkjet disc printer market

The PC gaming market has witnessed significant growth in the recent past. According to Coherent Market Insights’ analysis, the PC gaming industry is expected to increase by around 5% annually through 2020. Furthermore, some of the major players in the PC gaming industry such as Microsoft Corporation and Sony Corporation continue to offer disc drives and unlikely to release new console platforms recently, which in turn boosts demand for disc printing devices across the globe. Hence, these factors are expected to propel the U.S., Europe & Japan inkjet disc printer market growth over the forecast period.

U.S., Europe & Japan Inkjet Disc Printer Market: Opportunities

Growing focus on offering one-stop-shop services can provide lucrative growth opportunities

The global disc printing market is categorized by the providers of disc duplicating services and disc printing services. Major companies in the market are offering one-stop-shop services to consumers by providing both disc printing and duplication services. This, in turn, helps key players to gain a competitive edge and enhance the customer base.

U.S., Europe & Japan Inkjet Disc Printer Market: Restraints

Technological development with efficient substitutes of accessing data is expected to hamper the U.S., Europe & Japan inkjet disc printer market growth over the forecast period

Growing adoption of digital downloads over physical storage devices by end-users has been observed in the recent past. Consumers mainly require an active Internet connection and supported device to access media (audio/video) so they can download data directly onto their device without help from any mediator. This process is more convenient and cost-effective for the user, and hence is suppressing growth of digital media devices across the globe. This creates direct impact on growth of inkjet disc printer market. For instance, in 2015, Nintendo Co. Ltd., a Japan-based multinational consumer electronics and a software company, filed a patent for next-generation gaming console with an internal hard disk drive for storing a program. As per this patent, a new generation’s gaming consoles are becoming disc-free. Hence, such factors are expected to hinder market growth in the near future.

U.S., Europe & Japan Inkjet Disc Printer Market - Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic has presented various challenges in several industries. Globally, as of 5:15pm CEST, 30 September 2021, there have been 233,136,147 confirmed cases of COVID-19, including 4,771,408 deaths, reported to WHO. As of 29 September 2021, a total of 6,136,962,861 vaccine doses have been administered. Players in the the U.S., Europe & Japan inkjet disc printer market are focused on fill supply and demand gap of various medical supplies. Various companies switched from their traditional print production and produced disposable face shields for use by medical workers.

Key Takeaways:

  • U.S., Europe & Japan inkjet disc printer market was valued at US$ 439.9 Mn in 2020 and is forecast to reach a value of US$ 387.2 Mn by 2028 at a CAGR of -1.3% between 2021 and 2028.

To know the latest trends and insights prevalent in the U.S., Europe & Japan Inkjet Disc Printer Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/us-europe-and-japan-inkjet-disc-printer-market-4725

Trends

U.S. Trends

Growing online media streaming

Increasing Internet penetration is influencing consumers to obtain multimedia content online rather than purchasing physical media such as CDs and DVDs. Moreover, decreasing Internet subscription costs is another factor supporting this trend.

Europe Trends

Providers are inclined towards offering packaged services such as disc printing, duplication, and packaging services. This allows key players to attract price-sensitive customers and gain a competitive advantage in the long term.

Japan Trends

Opting for music CDs instead of updated technology

Globally, the music industry has experienced high technological advancements and acceptance. In Japan, however, music CDs are still popular and people like to collect CDs rather than opting for other alternatives such as music streaming or digital downloading. According to the New York Times, in 2014, Japan is the second-largest music market in the world, over 85% of music sales were on CDs. The majority of the population in Japan are still hesitant to switch to digital downloads or to stream music.

U.S., Europe & Japan Inkjet Disc Printer Market: Competitive Landscape   

Key players operating in the U.S., Europe & Japan inkjet disc printer market are Seiko Epson Corporation, Formats Unlimited (MF Digital), Primera Technologies, Inc., Microboards Technology¸ Rimage Corporation, Canon, and MF Digital Scribe.

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