NEW
YORK, June 21, 2024 /PRNewswire/ -- The global
large format printers market size is estimated to grow by
USD 1.17 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 2.91% during the forecast period. Growing
adoption of UV-curable ink is driving market growth, with
a trend towards rising adoption of latex ink.
However, emergence of digital substitution poses a
challenge. Key market players include Agfa Gevaert NV, ARC Document
Solutions Inc., Canon Inc., Durst Group AG, Electronics For Imaging
Inc., FUJIFILM Corp., Hewlett Packard Enterprise Co., Konica
Minolta Inc., KYOCERA Corp., Lexmark International Inc., Mimaki
Engineering Co. Ltd., MUTOH INDUSTRIES LTD., Oki Electric Industry
Co. Ltd., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson Corp.,
Shenyang Sky Air Co. Ltd., Sony Group Corp., swissQprint AG, and
Xerox Holdings Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Technology (Aqueous,
Solvent, UV-cured, and Latex), Type (Ink-based and Toner-based),
and Geography (APAC, North America, Europe, South America, and
Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Agfa Gevaert NV, ARC
Document Solutions Inc., Canon Inc., Durst Group AG, Electronics
For Imaging Inc., FUJIFILM Corp., Hewlett Packard Enterprise Co.,
Konica Minolta Inc., KYOCERA Corp., Lexmark International Inc.,
Mimaki Engineering Co. Ltd., MUTOH INDUSTRIES LTD., Oki Electric
Industry Co. Ltd., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson
Corp., Shenyang Sky Air Co. Ltd., Sony Group Corp., swissQprint AG,
and Xerox Holdings Corp.
|
Key Market Trends Fueling Growth
The large format printers market is experiencing growth due to
the increasing adoption of latex ink. HP, Ricoh, and Mimaki are
among the vendors adopting this water-based polymer technology.
Latex ink is odorless, suitable for indoor applications, and has a
three-year lifespan. Its advantages include avoiding outgassing and
eliminating the need for air purification or solvent extraction.
However, high energy consumption due to pre- and post-print heating
is a disadvantage. Despite this, latex ink's popularity is expected
to continue, positively impacting the market's growth.
The Large Format Printer market is experiencing significant
growth, driven by advancements in technology. Printing technologies
such as solvent, UV curable, and dye-sublimation are trending.
These printers offer high resolution and large print sizes, making
them ideal for producing banners, posters, and other marketing
materials. The use of inkjet technology in large format printers is
increasing, providing faster print speeds and improved color
accuracy. Additionally, the integration of software solutions for
remote printing and management is a key trend. Companies are also
focusing on energy efficiency and sustainability, with eco-solvent
and latex inks gaining popularity. Overall, the Large Format
Printer market is dynamic and innovative, offering businesses
effective solutions for their marketing needs.
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Market Challenges
- The digital shift is significantly impacting the large format
printers market. With the rise of online work and advertising,
traditional printing methods are losing favor. Time-consuming and
costly printing processes for posters, banners, and pamphlets have
been replaced by faster and more cost-effective digital
alternatives. The shift towards online retailing and advertising
further diminishes the demand for large format printers. As a
result, the global large format printers market is expected to
experience restrained growth during the forecast period.
- The Large Format Printer market faces several challenges. Print
technology is constantly evolving, requiring printers to keep up
with the latest trends and advancements. Cost is a significant
challenge, as large format printers can be expensive to purchase
and maintain. Additionally, the market is highly competitive, with
many companies offering similar products. Another challenge is the
need for high-quality prints, as customers demand accurate and
vibrant colors. Lastly, sustainability is becoming a major concern,
with the industry under pressure to reduce waste and use
eco-friendly materials. These challenges require printers to be
innovative, cost-effective, and environmentally conscious to remain
competitive in the market.
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challenges - Download a Sample Report
Segment Overview
This large format printers market report extensively covers
market segmentation by
- Technology
- 1.1 Aqueous
- 1.2 Solvent
- 1.3 UV-cured
- 1.4 Latex
- Type
- 2.1 Ink-based
- 2.2 Toner-based
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Aqueous- The Large Format Printer market is
experiencing steady growth due to increasing demand for
high-quality graphics in advertising and signage industries.
Businesses are investing in large format printers to produce
eye-catching visuals for billboards, banners, and vehicle wraps.
These printers offer superior print resolution and size
capabilities, making them essential tools for marketing campaigns
and events. Additionally, advancements in printer technology enable
faster production and improved color accuracy, further enhancing
their value to businesses.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Large Format Printers market encompasses a range of
solutions designed for producing Rolls, Banners, Posters, Car
wraps, Murals, and Hoardings. These printers utilize advanced
technologies such as UV-curable ink, Dye sublimation ink, Laser
printing, and Aqueous inkjet printers for delivering high-quality
prints. UV curing and UV-curable inks are essential components,
ensuring swift drying and vibrant colors. The Advertising industry
relies heavily on these printers for creating eye-catching Graphics
for Trade fairs, Mobile advertising, and Signage. Dye-sublimation
printing is a popular technique for transferring designs onto
various materials, including textiles and polyester. Additionally,
Large Format Printers are used for producing Wallpapers, Vehicle
images, and Event photography prints. These printers cater to
diverse industries, offering versatility and flexibility in
creating customized Print materials for various applications. Key
technologies include UV-curable inks, Dye sublimation inks, and
Inkjet printers, ensuring high-quality, long-lasting prints.
Market Research Overview
The Large Format Printers market encompasses printing
technologies capable of producing large-scale graphics, typically
used for outdoor advertising and interior decor. These printers
utilize various technologies such as roll-to-roll and flatbed, with
UV and solvent inks. The market is driven by the growing demand for
large format graphics in various industries, including retail, real
estate, and transportation. Additionally, advancements in print
technology, such as higher resolution and faster print speeds, are
fueling market growth. The market is segmented by technology,
application, and end-user. The application segment includes outdoor
and indoor advertising, point of sale displays, and interior decor.
The end-user segment includes retail, real estate, transportation,
and others. The market is expected to grow significantly in the
coming years due to the increasing popularity of large format
graphics and the continuous advancements in print technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Technology
-
- Aqueous
- Solvent
- UV-cured
- Latex
- Type
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio