Global UV LED printer market is expected to witness robust growth during the forecast period 2017-2024. The market of UV LED printer has builds an impregnable column in recent years and is expected to behold this positive growth in near future.
UV LED printer refers to the inkjet printing methodology of hard underlying substance. These printers are generally used to print on various materials such as plastic, glass, textile and other materials.
These printers are gaining traction in the product industry due to their fast printing and immediate drying features. Further, newly developed UV LED printers are offering advanced features such as accurate, high resolution, variable color per dot and printing on metal and ceramic tiles.
Market Size and Forecast
In the regional platform, Asia Pacific accounted for more than 60% market share in overall UV LED printer market in 2016. Asia Pacific is expected to dominate the overall UV LED printer market during the forecast period.
Heavy adoption of UV LED printers from the mobile phone accessories manufacturers is expected to increase the demand for UV LED printers over the forecast period. Additionally, growing market of printed fashion accessories and mobile phone and cases is anticipated to supplement the growth of UV LED printer market in the Asia Pacific region.
China is the major contributor to the growth of UV LED printer market. Moreover, China UV LED printer market is expected to grow at a significant pace owing to the high demand and export rate of printed materials from the country.
Likewise, India & Thailand market is also expected to grow over the forecast period.
Europe UV LED printer is expected to witness modest growth during the forecast period. This sluggish growth of UV LED printer can be attributed to the declining demand for UV LED printers due the economic crisis in the region.
Moreover, the import of printed goods from China is further restraining the growth of UV LED printer in the European region. Latin America UV LED printer market is projected to grow at a significant pace in the last few years of the forecast period on the account of the recovery and growth of printing industry in the region.
Our in-depth analysis segmented the global UV LED printer market in the following segments:
By Price Range
By Ink System
Growth Drivers and Challenges
Wide scale application of UV LED printer such as acrylic printing, aluminum printing, mobile phone and cases printing, bottle printing, glass printing and other printings make it suitable for use in various industries. Further, UV LED printer has limitless possibilities and can print on everything.
These factors are raising the penetration of UV LED printers in the various industries and driving the growth of the global UV LED printing market.
Technological advancements such as development of raised 3D printing and high quality printing is projected to bolster the growth of UV LED printer market globally in the next few years. Further, development of environment friendly and zero VOC content in the UV LED inks is anticipated to bolster the demand for UV LED printers globally.
In contrast, high cost of UV LED printers is the major factor restraining the growth of global UV LED printer market. Further, declining demand for UV LED printer in European Union due to the economic crisis is expected to negatively impact the growth of global UV LED printer market.
This report also provides the existing competitive scenario of some of the key players of the global UV LED printer market which includes company profiling of Impression Technology, Roland DGA Corporation, Shenzhen Maxcan Printing Machinery Equipment Co. Ltd., MeiTu Digital Indusrty Co., Ltd., Direct Color Systems, Sun Innovations, Gateway Technology Industry Co., Ltd., Axis Enterprises, Techwin Technology Co., Ltd., YOTTA UV Printers.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global UV LED printer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment.
We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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Category: Market Research Publishers and RetailersCompany about: Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wis ...