Summary
Major players in the large format printer market are Agfa-Gevaert N.V., Canon Inc., Durst Phototechnik, Epson, Xerox Corporation, Hewlett-Packard (HP), Konica Minolta, Mimaki Engineering Co. Ltd., Mutoh Holdings Co., The Ricoh Company Ltd., Roland DG Corporation, Fujifilm Holdings Corporation, Kyocera Corporation, Lexmark International, Shenyang Sky Air-Ship Digital Printing Equipment, and swissQprint AG.
The global large format printers market grew from $9.13 billion in 2022 to $9.35 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The large format printers market is expected to grow to $11.14 billion in 2027 at a CAGR of 4.5%.
The large format printer market consists of sales of cable, print head, damper, and steel belt.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Large format printer refers to a printing device that can print images on huge paper or other media up to 87 inches (91 cm) in width.These are used to accommodate large print formats by using specialised printing equipment for printing posters, maps, large charts, store displays, banners, and others.
It is also referred to as wide format printer and is used in a variety of applications including apparel and textiles, décor, and advertising.
North America will be the largest region in the large format printer market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the large format printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The components of the large format printer market covered in this report are by technology and include ink-based technology and toner-based (laser) technology.Ink-based technology is used to print photo art as well as advertising or product posters, or printing related to CAD drawings, GIS (geographic information systems), POP advertising, and perspective prints (three-dimensional depictions of building exteriors and room interiors).
The printers have various ink types, including those that are aqueous, solvent, uv-curable, latex, and dye-sublimation. These are used in a variety of applications, including apparel and textiles, advertising, décor, CAD and technical printing, and others.The offerings include printers, rip software, and after-sales services.
Rising demand for textiles, advertising, and packaging industries is significantly contributing to the growth of the large format printer market.Large format printers help companies to increase their brands and help in promoting or launching their new products, which in turn helps in reaching many customers.
There has been a rapid growth in the use of large format printers in the textile industry, as printing on different forms of textiles is now a completely automated belt-fed transport system.According to the India Brand Equity Foundation (IBEF), by 2029, the Indian textile market is expected to be worth more than $209 billion.
India’s home textile exports grew at a healthy rate of 9% in the year 2021.. Therefore, the rising demand for textiles, advertising, and packaging industries is driving the growth of large-format printers in the coming years.
New technology launches in the large format printer market are considered the key trend that is followed by many large format printer companies in the market.Companies need to launch new products to stand out in the competitive market.
For example, Epson India has launched a new large-format latex printer, SureColor R5030 and SureColor R5030L, into the market in 2021.These provide a high-performance signage printing solution with immediate lamination and low-cost inks.
It is designed mainly to offer versatility in applications, high speed, quality printing, and others. These are a few advancements in the mobile computer market.
In 2020, Durst, a US-based manufacturer of advanced digital printing solutions and various production technologies, acquired Vanguard for an undisclosed amount.This acquisition will strengthen Durst in the US graphic market.
Vanguard is a US-based manufacturer of various forms of printers, including large format printers, which are used in industrial, corporate, décor, and packaging.
The countries covered in the Large Format Printers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The large format printers research report is one of a series of new reports that provides large format printers statistics, including large format printers industry global market size, regional shares, competitors with large format printers share, detailed large format printers segments, market trends and opportunities, and any further data you may need to thrive in the large format printers industry. This large format printers research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
