Chinese printing equipment industry

The Chas undergone profound transformation in the past decade, with the market size growing from about 800 billion yuan in 2016 to 1.5 trillion yuan in 2024, with an average annual growth rate stable in the range of 3% -5%. The production of traditional offset printing equipment continues to shrink, with a decrease of over 65% from 2018 to 2024. Digital printing has become the core growth engine, and the market size of digital inkjet printing has jumped from 110.43 billion yuan to 177.38 billion yuan from 2020 to 2024, with a compound annual growth rate of 12.6%, far exceeding the global average. The accelerated replacement of domestic equipment has significantly increased the market share in the mid to low end market, and breakthroughs have been achieved in the high-end field: Dingyi Technology has released the world's first 330mm wide width sublimation printing equipment, and the Bentu printer has broken the world record with zero paper jam performance for 400000 consecutive pages. Enterprises such as Hanyin and Evergreen have achieved AI quality inspection, intelligent linkage lines, and other technologies. Policy driven green transformation, the proportion of environmentally friendly ink and biodegradable materials continues to rise, and the number of smart printing factories exceeds 2600. The industry is showing a trend of 'digitalization, intelligence, and greening' integration, forming industrial clusters in the Yangtze River Delta and Pearl River Delta. Domestic high-end equipment is transitioning from 'usable' to 'easy to use'.