29 Oct Top 5 Printing Companies for Hardware
As the printing industry fast tracks the adoption of technology, there is a decline in the employment rate in the industry. The number of workers in the printing industry will decline due to technology based on two important factors. First, technology is bound to change the marketplace dynamics of the printing industry making the delivery of information more diverse.
Second, technology will improve the level of productivity of printing companies thus requiring fewer workers. The global printing industry will grow at a rate of 0.8 % annually until 2022. This growth will mainly come from value-added services, digital print, and package printing. United Kingdom is the fifth largest producer of printed products. The printing industry in England had a turnover of approximately £13 billion and employed more than 110,000 people.
Top 5 Printing Companies for Hardware
The top 5 printing companies for hardware include Canon Inc., HP, AGFA-Gevaert, Konica Minolta, and Seiko Epson. These are companies that are mainly involved in the manufacture of printers and creating products that provide printing solutions to other businesses or even individuals.
The company is a global leader in the manufacture of copying machines, laser printers, inkjet printers, and cameras. It came into being in 1937 and mainly operates in Europe, Japan, the United States, and Asia. The company’s sales of office multifunction devices (MFDs) increased in 2019. This growth was mainly attributed to an increase in demand for laser printers and a rise in color models.
The establishment reported net sales of about $32.7 billion in 2019, translating to a net profit of about $ 1.148 billion. Canon employs a total of more than 180,000 workers and has been a global leader in producing printers and print engines. Laser printers used these engines – the first Apple and HP LaserWriter used the Canon LBP-CX engines.
The above image shows an old model of Canon’s Inkjet Printer. Canon began producing laser printers for other printing businesses such as Hewlett Packard in the 1980s. This partnership has continued to this day and is responsible for approximately 1/5 of Canon’s revenues. Although the company’s headquarters are in Japan, most of its revenue comes from other countries. Approximately 73% of the company’s revenue comes from Europe, America, and other parts of the world.
Hewlett Packard (HP)
William Hewlett and David Packard are creators of this multinational company which has become a giant in the global printing and computer industry. Established in 1939, HP’s headquarters are in California, United States. In 2015, Hewlett Packard or HP split into two companies, HP Inc. and Hewlett Packard Enterprise. The company’s revenue from printers and photocopiers reached a value of $20 billion. But this amount was a drop from the previous year, 2018 which was $20.8 billion.
The printing segment of the company operates under Hewlett Packard while HP Inc. manages the personal systems segment. HP Inc. acquired Samsung’s electronics’ printer segment for approximately $1 billion. In 2019. Further, the establishment continued to expand its business relationship with Xerox to enhance its service delivery to meet the growing demands of its client base.
However, HP’s printing segment is experiencing some challenges such as poor sales. This has forced the company to reduce the number of employees by more than 7,000 workers. This will save the company approximately $1 billion by the end of 2022. Printing remains the most profitable segment of the HP Company with a profit margin of about 15.6%. One interesting fact about the company is that it began in a one-car garage. This is where the founders first built and sold electronic equipment.
HP created its first printer in 1984. This was the HP ThinkJet inkjet Printer and the HP LaserJet Printer. Below are images of the Color LaserJet Printer.
Both products were successful and this encouraged the company to continue being a key player in the printing industry.
Seiko Epson is mainly involved in creating products that offer printing solutions, industrial products, and visual communication products. The company’s role in the global printing industry has grown tremendously over the years. Epson has become one of the biggest manufacturers of office and home inkjet printers, SIDM or serial impact dot matrix printers, color image scanners, and page printers. The business enterprise has a long history since it began in the early 1940s.
The company has also continued posting steady revenues. The 2019 annual profit report indicated that Epson has a revenue of $ 9.9 billion. The net profit of the company for the same years also increased to $649 million. Seiko Epson first made in-roads into the printing industry back in 1968 when it became the timekeeper for the Olympics. This establishment launched the first mini-printer in 1968, called the EP-101. The name Epson was first adopted in 1975 by the parent company Shinshu Seiki.
But Shinshu Seiki officially became the Epson Corporation in 1982. The company later merged with the Suwa Seikoshi Company and changed became the Seiko Epson Corporation. The main headquarters are in Suwa, Japan. Epson’s activities operate under 3 different segments that include printers, professional printing, and PCs, and other equipment. The main risks facing Epson include fluctuating printer sales, competition, and disruptive changes to the global printing industry.
The current manager of Epson is Yasonuri Ogawa while the director and chairman of the company are Minoru Usui. Epson employs approximately 67,000 workers.
Konica Minolta is a relatively new company when compared to other heavyweights in the printing industry. The establishment began in 2003 when Konica and Minolta merged into one company. Konica had been in the industry since 1873, while Minolta since 1928. The company participates in a few ventures which include manufacturing industrial imaging products, laser printers, and multi-functional peripherals. Sony bought the company’s photo and camera section in 2006.
This meant the Konica Minolta became more focused in its printing and imaging devices. The business has 3 headquarters which are all in Japan – Tokyo, Chiyoda, and Marunochi. Konica Minolta’s revenue in 2018 was $6.9 billion which amounted to a gross profit amount of $3.3 billion. In 2019, the company reported revenue of approximately $9.6 billion. This represented an increase of approximately $3 billion from the previous year. The growth was due to the increase in sales of IT services and color models.
Additionally, Konica Minolta’s industrial printing sales did very well and the monochrome models also recorded positive sales records. The company has a market capitalization value of about $4.9 billion. It’s also involved in the healthcare industry as one of the best manufacturers of imaging machines such as X-rays. Professional print and office business remain Konica Minolta’s biggest sectors. They represent approximately 77% of the company’s revenue.
The Chief Executive Officer of Konica Minolta is Shoei Yamana and his management employs more than 43,000 workers across all their plants. As a global company, Konica Minolta has admitted that some of its biggest challenges include stiff competition in the printing industry, and changing trends that could disrupt their entire product line. The healthcare segment of the company has remained stagnant in the recent past. However, the business is hopeful that it will continue to experience growth in its overall revenue if the yen becomes devalued.
The company’s headquarters are in Mortsel, Belgium. The history of the company dates back to when Lieven Gevaert built his workshop in Belgium in 1890. The workshop was mainly used for building calcium paper, which was one of the mainly used for photography. In 1894, Lieven Gevaert founded the ‘L Gevaert & Cie’ Company with the help of Armand Seghers. The founders were very ambitious and barely a year later, they established the first overseas subsidiary of the Company.
The corporation continued to experience great success in the first years after its creation. In 1920, the business changed its name to Gevaert Photo Producten N.V’. Agfa-Gevaert ventured into the printing industry in 1996 by acquiring Hoecht’s Printing plate. In 1997, the establishment bought DuPont’s Graphic Arts division. This made Agfa-Gevaert, the biggest company in the graphic prepress industry. At the time, Agfa-Gevaert products and systems were responsible for producing approximately 40% of all printed materials.
Agfa-Gevaert began focusing on more sustainable products for the printing industry. It invested in research and development of better-quality inkjet solutions and shifted its analog printing solutions to digital.
Below is one of the new models produced by the company
The company was finally able to expand its inkjet portfolio when the bought Gandi Innovations in 2010. Agfa-Gevaert divided the major parts of its operations into 4 segments. These were chemicals and digital print, offset solutions, healthcare IT, and radiology solutions.
Agfa-Gevaert employs more than 10,000 workers. The company’s revenues in 2018 stood at €2.2 billion. In 2019, the revenue stood at €2.23 billion while the gross profit was €729 million. The Chief Executive Officer of Agfa-Gevaert is Christian Reinaudo. Agfa-Gevaert has experienced tremendous growth over the years and it is now a business-to-business company.
Top 5 Printing Companies for Services
The top 5 printing companies for services in the global printing industry include Toppan printing company, Dai Nippon printing company, R.R Donnelley and Sons Company, Lagardere SCA, and Transcontinental Inc. These are companies that primarily provide printing services.
Toppan Printing Company
Founded in 1908, Toppan Printing Company is a key player in the commercial printing industry. The company is the second-largest commercial printer in Japan. Apart from printing, Toppan is also involved in interior décor, publications, clothing, and precision electronic equipment. Initially, the company was mainly focused on printing business forms, securities, and books. Toppan began making in-roads into the global printing industry as early as the late 1970s. It did this by building a production plant in the United States.
The corporation also invested in research and development in the printing industry. This paid off when it unveiled its High Definition Television Printing Technology (HDTV) in 1991. This led to more growth and by 2002, Toppan was reporting sales of more than $9.7 billion. In 2019, this establishment had revenues amounting to $13.5 billion. The market capitalization of Toppan is $5.2 billion. The company’s headquarters are in Tokyo, Japan.
Due to the size and scale of operations, Toppan divided its internal organization into 3 segments. The first one is the information and communication segment which is responsible for commercial printing, printing publications, and business cards. The second one is the living and industry segment which is responsible for manufacturing and packaging services. The third segment is the electronics that are responsible for manufacturing photomasks, color filters, and lead frames. The current chairman of Toppan is Naoki Adachi and his management employs more than 51,000 workers.
Dai Nippon Printing Company
Incorporated in 1876, Dai Nippon is the first commercial printing company in Japan. Being a monopoly in the initial years of operation meant that Dai Nippon could grow at an exponential rate. This growth was also facilitated by Japan’s transition into a more industrialized country. Dai Nippon printed almost all newspapers and printers in Japan before the creation of Toppan. By the beginning of the 20th century, Dai Nippon had already become one of the largest commercial printing companies in the world. In 1894 alone, the company printed more than 36 million pounds of paper.
Dai Nippon did not experience much growth during the 1930s due to the political environment in Japan during that time. However, this did not last long and after the Second World War, the company began venturing into other industries. These industries included construction, packaging, and electronic precision equipment. Currently, Dai Nippon is the largest coating and printing company in the world by size. The company has approximately 71 plants in Japan and abroad.
Dai Nippon employs more than 38,000 workers. Apart from its role in the printing industry, the company is also involved in the beverage industry. The market capitalization rate of Dai Nippon Company is $6.2 billion. The latest annual financial report showed that the company had revenues of $ 12.9 billion. This establishment operates its beverages segment as Hokkaido Coca Cola Bottling Company. In addition to commercial printing, the company also produces shadow masks, LCDs, and printing magazines. The business has invested a lot in research and development to ensure that it anticipates any disruptive trends that might negatively affect their product line.
R.R Donnelley and Sons Company
The R.R Donnelley and Sons printing company began in 1864. The founding member was Richard Robert Donnelley. The company’s headquarters are in Chicago, United States. R.R Donnelley and Sons Company has more than 42,000 employees spread across 28 countries. After the death of R.R Donnelley, Thomas Elliot Donnelley took charge. The company began getting involved in the commercial printing industry in the late 1890s.
R.R Donnelley and Sons Company installed its first rotary perfector press in 1898. The press could fold paper. The corporation’s printers were already well-known for their high-quality works. This is particularly in the printing of books. This reputation attracted more and more customers including Kimball and Stone. The years 1901 and 1902 saw the creation of the case bindery and the monotype machines. The growth strategy mainly followed by R.R Donnelley and Sons Company is acquisition. For instance, the company bought Norwest Publishing in 1986.
The image below shows one of the company’s Plants in Medford.
In 1987, R.R Donnelley and Sons Company acquired Metromail Corporation. The largest portion of the company’s revenues still comes from commercial printing. But the company is also involved in providing marketing solutions across various channels such as magazines. R.R Donnelley and Sons Company created 3 spin-off companies from the original. These were LSC Communications, Donnelley Financial Solutions Inc., and RR Donnelley. The goal of the separation was to foster faster growth in each company.
R.R Donnelley Company reported sales revenue totaling $ 6.2 billion in 2019. The company has a market capitalization rate of $0.09 billion. The current Chief Executive Officer of R.R Donnelley Company is Daniel Knotts.
Jean-Luc Lagardere founded the Lagardere Company in 1992. The headquarters of the company are in Paris, France. Although officially formed in 1992, Lagardere’s history stretches back to the 19th century. The foundation of the company began when Louis Hachette bought Bredif, a bookstore in Paris. Hachette became one of the first French men to print and publish a magazine. In 1897, Louis Hachette created one of the earliest print media and book distribution companies called Messageries€ Hachette. The company began making forays into the global business world in the early 1900s. It did this by buying AGLP. This business was a retail and wholesale bookseller with branches in various European countries and South America.
Jean-Luc Lagardere became the Chief Executive Officer of Matra in 1963. Matra was an aviation company tasked with the responsibility of developing a twin-engine plane. In 1981, Jean-Luc Lagardere took over the control of the Hachette company. In 1992, Lagardere company became the umbrella group when Matra took over the Hachette company. The company continued to grow and expand into new markets. In 1995, Hachette bought Canada’s UCS newsstand chain. This made the establishment 3rd largest retail in press. The Lagardere company was not limited to the printing and publishing industry.
Lagardere SCA ventured into the sports and entertainment industry in 2009. The same year also marked the beginning of a partnership between Lagardere and Lightning Source. This collaboration helps the company provide on-demand printing. Lagardere’s main subsidiaries include Lagardere Travel, Lagardere Publishing, Lagardere Active, and Lagardere Sports and Entertainment. The company’s total number of employees stood at more than 28,000 in 2018. In the same year, Lagardere reported sales revenue of about €7.25 billion.
In 2019, the sales revenue slightly dropped to €7.2 billion. Lagardere publishing and printing section was responsible for approximately 34.4% of all income. The company’s main market is Europe which is responsible for 35.5% of all sales.
Transcontinental Inc. is a global company involved in commercial printing, packaging, and media services.The company’s revenue in 2019 was $3.03 billion. This translated to a net profit of about $166 million. Packaging accounted for approximately 53% while printing accounted for 43% of Transcontinental Inc.’s total revenues. The growth in revenue from $2.6 billion in 2018 to $3.03 billion was mainly attributed to the acquisition of Coveris Americas. Remi Marcoux, Claude Dubois, and Andre Kingsley established Transcontinental Inc. in 1976.
The founders added a new sector to Transcontinental Inc. by creating Public-Home Distributors in 1982. Like many multinational companies, Transcontinental Inc. expanded its operations through acquisitions. The company bought 2 Transmag plants in Montreal and Perry Graphics in Calgary. Transcontinental Inc. also bought Quad/Graphics Canada in 2006. Such acquisitions continued to strengthen the company’s commercial printing business.
The establishment’s management opted to divested many of the operations. This was mainly driven by the need to remain profitable by focusing more on the packaging and printing sectors. By 2017, Transcontinental Inc. had sold 60% of its 73 regional and local newspapers. Currently, the company employs more than 6,500 workers but expects that organic sales in the printing sector will fall. That’s why it has bought Holland and Crosby Company to bring in more income. The company’s headquarters are in Quebec, Canada.
The global commercial printing industry has experienced constant growth at a rate of 2.8 % between the years of 2014-2019. The main reason for this growth is the emergence of new markets in certain parts of Asia and Latin America. The global market size of the printing industry is $812 billion. The industry employs more than 8.4 million workers. The main services offered in the printing industry are commercial printing, package printing, and newspaper.
Analog printing is in a state of decline. But the printing industry will grow due to new and increasing demand in digital printing solutions. Many commercial printers have started investing in digital printers. A new market report shows that the global printing industry could reach a value of more than $821 billion by the end of 2022. There are two sectors of the printing industry. That is companies that make printing machines and companies that offer printing services.