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 printing market is expected to grow from $9.08 billion in 2021 to $9.25 billion in 2022 at a compound annual growth rate (CAGR) of 1.79%. The growth is mainly due to the companies’ rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.87 billion in 2026 at a CAGR of 4.13%.
The large format printer market consists of sales of large format printers by entities (organizations, sole traders, and partnerships) that are used to accommodating large print formats by using specialised printing equipment for printing posters, maps, large charts, store displays, banners, and other It is also known as wide format printing and is used in a variety of applications such as apparel and textiles, décor, and advertising.
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.
North America will be the largest region in the large format printer market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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. Similarly, according to U.S. Department of Commerce data for export (textiles and apparel), the investment in yarn, textile, and apparel product manufacturing has reached $2.38 billion for the year 2019. 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 2019, Roland DG Corporation introduced the TrueVIS VG2-640 and VG2-540 large format inkjet printers to the market.This has the following features: new colour modes for more elaborate colour reproduction and increased print accuracy.
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.
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