Press release
Large Format Printers Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033
Large Format Printers Market
The large format printers market size is expected to see steady growth in the next few years. It will grow to $11.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to rise in promotional merchandise , energy-efficient printing solutions, increased use in educational materials printing, continuous feed printing systems, global economic recovery.. Major trends in the forecast period include digital printing dominance, direct-to-object printing, 3d printing integration, print automation and workflow solutions, increased print speeds and resolutions, green printing practices, .
Market Overview -
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 specialized 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.
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Rising Demand In Textiles, Advertising, And Packaging Industries Boosts Large Format Printer Market
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.
Competitive Landscape -
Major companies operating in the large format printers market report are Agfa-Gevaert N. V., Canon Inc., Durst Phototechnik AG, Seiko Epson Corporation, Xerox Holdings Corporation, Hewlett-Packard Development Company L. P., Konica Minolta Inc., Mimaki Engineering Co. Ltd., Mutoh Holdings Co. Ltd., The Ricoh Company Ltd., Roland DG Corporation, Fujifilm Holdings Corporation, Kyocera Corporation, Lexmark International Inc., Shenyang Sky Air-Ship Digital Printing Equipment Co. Ltd., SwissQprint AG, Oki Electric Industry Co. Ltd., Toshiba Tec Corporation, Brother Industries Ltd., Panasonic Corporation, Sharp Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., KIP Inc., Dilli Co. Ltd., ColorTrac Group, Neolt S. P. A, CET Color Inc., EFI Inc., Summa NV
Innovative Technology Launches Drive The Large Format Printer Market
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.
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Key Segments -
The large format printers market covered in this report is segmented -
1) By Technology: Ink-Based Technology, Toner-Based (Laser) Technology
2) By Ink Type: Aqueous, Solvent, UV-Curable, Latex, Dye-Sublimation
3) By Application: Apparel and Textile, Advertising, Décor, CAD and Technical Printing, Other Applications
4) By Offerings: Printers, RIP Software, After-Sales Services
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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Large Format Printers Market 2017
Market Research analysts forecast the global large format printers market to grow at a CAGR of 1.62% during the period 2017-2021.
The following companies as the key players in the global large format printers market: Canon, EPSON, HP, Mimaki, and Roland.
Other Prominent Vendors in the market are: Agfa Graphics, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh, and Xerox.
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