The increasing demand for large format printing in the textile, advertising, and packaging industries and the rising adoption of UV curable inks in outdoor advertising, CAD, and technical printing applications drives the growth of the large format printer market. The large format printer market is expected to grow from USD 8.37 billion in 2017 to USD 10.59 billion by 2023, at a CAGR of 4.00% between 2017 and 2023.
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Large Format Printer Companies Profiled In Report: Hewlett-Packard (HP) (US), Canon (Japan), Epson (Japan), Mimaki Engineering (Japan), Roland (US), Ricoh (Japan), Durst Phototechnik (Italy), Xerox (US), Konica Minolta (Japan), Agfa-Gevaert (Belgium), Electronics for Imaging (EFI) (US), Kyocera (Japan), Lexmark (US), Mutoh (Japan), ARC Document Solutions (US).
The growing demand for large format printing in the textile, advertising, and packaging industries is driving the large format printer market.
Major restraining factors for the growth of large format printer market include high initial investments and operating costs.
The target audience for the report includes:
- Large format printer providers
- IT service providers
- Cloud service providers
- Printer suppliers
- Original equipment manufacturers (OEMs)
- System integrators and third-party vendors
- Software solution providers
- Government bodies
- Technology investors
- Enterprise data center professionals
- Research institutes and organizations
- Market research and consulting firms
“Large format printer market for raster image processor (RIP) software is expected to grow at the highest rate during the forecast period”
Raster image processor (RIP) software offering for large format printer is the fastest-growing segment. It helps in effective processing of files, which makes large format printers work faster and more consistently, which is very important for printing on different materials such as plastics, textiles, and others.
With a dedicated RIP program, which is capable of processing larger files, the print management tasks become much easier; it enables people to multitask, thereby increasing process efficiency.
“The large format printer market for ink-based (inkjet) printer technology is expected to grow at the highest rate during the forecast period”
The market for ink-based (inkjet) printer technology is expected to grow at the highest rate during 2017 and 2023. One of the major reasons for the higher growth of the market for inkjet printers is the increasing use of inkjet large format printers for technical and CAD printing.
Inkjet printer provides reduced running costs for large format printing, which has led to the widespread adoption of inkjet printers in this industry.
“Large format printer market in APAC is expected to grow at the highest rate between 2017 and 2023”
APAC is one of the prospective markets for this technology. Countries such as Japan and South Korea are already developed economies, and China had been the fastest-growing economy in the world for the last 2 decades.
There is likely to be a tremendous demand for large format printers in the region during the forecast period because of high growth in graphic printing, apparel & textile printing, and CAD and technical printing. APAC produces a large amount of apparels and textiles, and this sector is expected to grow steadily in this region.
A significant growth is likely to be witnessed in advertising and signage in India mainly due to the booming economy.
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Large Format Printer Market Overview -
Large Format Printer Market by Offering:
- RIP software
- After-sales services
- By Printing Technology
- Ink-based (inkjet) printers
- Toner-based (laser) printers
Large Format Printer Market by Print Width:
- 72” and Above
Large Format Printer Market by Ink Type:
- Aqueous ink
- Solvent ink
- UV-cured ink
- Latex ink
- Dye sublimation ink
Large Format Printer Market by Application:
- Apparels & Textile
- CAD and Technical Printing
Large Format Printer Market by Geography:
- Asia Pacific (APAC)
- Rest of the World (RoW)
This report covers the large format printer market based on offering, printing technology, print width, ink type, application, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the large format printer market.
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