Market revenue in 2023 | USD 2,331.9 million |
Market revenue in 2030 | USD 12,799.4 million |
Growth rate | 27.5% (CAGR from 2023 to 2030) |
Largest segment | Software |
Fastest growing segment | Services |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Software, Services |
Key market players worldwide | Canva, Cimpress PLC, Printify, Printful, CustomCat, Gelato, Gooten, teelaunch, Zazzle, Redbubble |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to print on demand market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 70.1% in 2023. Horizon Databook has segmented the Asia Pacific print on demand market based on software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is experiencing significant growth in the adoption of the print-on-demand technology. Factors such as the growing middle-class population, rising disposable incomes, and increasing popularity of e-commerce are driving the growth of the print-on-demand market. Countries such as China, India, and Indonesia are witnessing growth in the middle-class population and disposable incomes, in turn driving demand for customized products.
According to McKinsey, Asian consumers are anticipated to drive 50% of global consumption growth in the coming decade, presenting a significant USD 10 trillion opportunity. The region is expected to host half of all upper-middle-income and above households globally and account for half of consumer transactions worldwide. This demographic trend underscores the immense potential for businesses to tap into the Asian market and cater to the growing consumer base in the region.
The increasing popularity of e-commerce in the region is also boosting the growth of the print-on-demand market. With an increase in online shopping, consumers can easily access and purchase print-on-demand products. Furthermore, the Asia Pacific region is home to numerous SMEs that are looking for cost-effective and efficient ways to sell their products. Print-on-demand technology offers them a low-risk way to test the market and reach new customers without worrying about holding inventory.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific print on demand market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific print on demand market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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