Ricoh Maintains Leadership in North America's Continuous Feed Inkjet Market for 2024

Ricoh Maintains Leadership in North America's Continuous Feed Inkjet Market

Ricoh USA, Inc. has proudly announced its continued dominance in the North American inkjet market. According to the latest data from IDC Quarterly Hardcopy Peripherals Tracker, Ricoh has achieved the top market share position for Continuous Feed Inkjet Systems in both the United States and Canada. This significant accomplishment marks the second consecutive year in which the brand has held the #1 spot in the U.S.

Recognized for its robust year-over-year growth, Ricoh's market share accounted for an impressive 37.7% of the U.S. inkjet market and 60% of the Canadian market in 2024. This upward trajectory can be traced back to the company’s strategic initiatives implemented since 2021, focusing on production inkjet device shipments, enhancing their position within the competitive landscape.

Gavin Jordan-Smith, Chief Global Sales Strategy Division and North America Sales Officer at Ricoh Graphic Communications, articulated the company's focus on innovation, remarking, "Our position as the market leader reflects our commitment to co-innovating with leading partners and clients within the Graphic Arts sector. We approach our business as a super systems integrator for print professionals, all while enhancing complex workflows on production floors."

The success of Ricoh's RICOH Pro VC40000 and RICOH Pro VC80000 continuous feed inkjet presses have played a crucial role in achieving this market-leading status. The RICOH Pro VC40000 has seen significant success due to its high-speed upgrades, while the recently launched RICOH Pro VC80000 has rapidly garnered attention from the industry, leading to new acquisition by companies looking to modernize their production environments. Notable establishments, including Kingery Printing Company and Cimpress, are already investing in Ricoh's advanced digital press technology.

The broader market dynamics also favor continuous feed inkjet technologies. Analysts project a global growth rate of 6.0% CAGR in the inkjet printer market from 2025 to 2030. Ricoh is positioned strategically to capitalize on this growth, driven by its innovative technology and solutions that meet the evolving demands for efficiency and sustainability in the print industry.

In recognition of these advancements, Ricoh is serving as a keynote sponsor for the upcoming Inkjet Summit, scheduled for April 14-16, 2025, at Ponte Vedra Beach, Florida. This event will serve as a platform for inkjet professionals to engage with Ricoh's graphic communications experts, gaining insights on the latest technologies and trends influencing the landscape of inkjet printing.

As seen in recent trends, print providers are increasingly looking for solutions that enhance efficiency without sacrificing quality. Ricoh's dedication to technology development is evident in the design of its inkjet systems that provide the flexibility and speed needed to adapt to changing market requirements.

Founded over 85 years ago, Ricoh is dedicated to supporting the digital transformation of workplaces globally, with operations in nearly 200 countries. The company's expansion and sales success, such as the 2,348 billion yen (approximately $15.5 billion USD) achieved in the financial year ending March 2024, underscore Ricoh’s mission to empower individuals to discover fulfillment in their work, ultimately aiming for a sustainable future.

For those interested in tapping the potential of Ricoh’s commercial and production printing solutions, further information can be found on the company’s website. With its commitment to innovation and customer partnership, Ricoh is set to sustain its leadership position in the inkjet market for years to come.

For more information on Ricoh's offerings, visit Ricoh's official site.