USD 8.8 billion
Large Format Printers Market Size, Share, Growth Analysis, By Offerings(Printers, RIP Software), By Technology(Ink-Based (Inkjet) Printers, and Toner-Based (Laser) Printers), By Ink Type(Aqueous ink, Solvent ink), By Print Width(Up to 24”, 24-36”), By Application(Apparel & Textile, Advertising) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2086 |
Region:
Global |
Published Date: February, 2024
Pages:
256
|
Tables:
150 |
Figures:
78
Large Format Printers Market Insights
Large Format Printers Market size was valued at USD 8.8 billion in 2019 and is poised to grow from USD 9.28 billion in 2023 to USD 14.13 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).
A large format printer is a computer-controlled printing machine that can print rollers with widths between 18" and 100". Instead of printing on separate pieces of paper, this printer prints on a sizable single sheet. These are used for projects like banners, posters, car wraps, architectural drawings, trade fair graphics, and murals that necessitate printing at a wider width. Due to the big format display's popularity as a display choice for conferences, trade fairs, public events, and art exhibitions, these are widely used in companies as a powerful communication and marketing tool.
The availability of mobile advertising and printing facilities that offer customers the ability to print documents directly using their mobile phone or any other wireless device, as well as the rising demand for large format printing across a variety of industries like textile, packaging, and advertising, are the main factors propelling the market. The growing popularity of these printers due to features like a large color touchscreen that facilitates the configuration of connectivity options in printers, as well as the increasing acceptance of UV curable ink for large format printers in order to print robust images that could be used in a variety of substrates including foam board, glass, wood, and cardboard, are driving the growth of the market. The market is affected by the usage of these printers, particularly in workplaces with employees who have poor vision or lack knowledge of printing technology. These printers are simple to use and understand, and they have the performance capacity to print in the required quantity and withstand harsh environmental conditions without fading. The market is further benefited by the growing significance of digital document production in commercial printing applications, a range of pricing options, and a higher incidence of CAD and technical printing applications.
US Large Format Printers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Signage
Fastest Growth
Signage
Growth Rate
5.4% CAGR
Global Large Format Printers Market ($ Bn)
Country Share for North America Region (%)
Global Large Format Printers Market By Application ($ Bn)
Global Large Format Printers Market By Application (%)
To get more reports on the above market click here to Buy The Report
Large Format Printers Market Segmental Analysis
Global Large Format Printers Market is segmented on the basis of Offerings, Technology, Ink Type, Print Width, Application, and region. By Offerings, the market is segmented into Printers, RIP Software, and After-sales services. By Technology, the market is segmented into Ink-Based (Inkjet) Printers, and Toner-Based (Laser) Printers. By Ink Type, the market is segmented into Aqueous ink, Solvent ink, UV-cured ink, Latex ink, and Dye sublimation ink. By Print Width, the market is segmented into Up to 24”, 24-36”, 36-44”, 44-60”, 60-72”, 72” and above. By Application, the market is segmented into Apparel & Textile, Advertising, Cad & Technical Printing, Signage, Décor. The market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America as according region.
Large Format Printers Market Analysis by Print Width
According to the use in CAD applications, signage, as well as other areas, large format printer with width ranging from 24" to 36" are projected to have the biggest share in 2021, with a value of 32.2%. With a variety of features like high-speed printing, wireless printing from anywhere, created ram, compatibility with mobile devices, and efficient ink cartridges, printers with a 24"–36" size are technologically up to date. The 24" sure Color SC-P7530 and 44" sure Color SC-P9530, two new Sure Color P-Series printers with amazing color accuracy and brilliance, are announced to launch in EPSON India in October 2020. For applications in photographs, fine arts, graphic design, and proofing, it is ideal.
Large Format Printers Market Analysis by Application
Due to its increased use in advertising and marketing, the signage segment is expected to experience rapid expansion during the forecast period, growing at a rate of 28.2% in 2021. The need for large format printers is growing as more indoor and outdoor signage boards are needed to print advertisements, warning signs for highways, and other signage. By attracting clients' attention, signage can increase sales of products and services. Due to the lightweight, washable, and long-lasting fabrics in use in soft signage, demand for it is currently relatively high. As a response, manufacturers are focusing on expanding their brand portfolio.
Global Large Format Printers Market By Application, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Large Format Printers Market Regional Insights
Due to the growth of the advertising and signage markets and the substantial investment made in indoor and outdoor signs by businesses in the region, North America currently controls the majority of the global market. The presence of well-known companies in the region, like Videojet Technologies, Inc., Xerox Corporation, Inkjet Inc., and KEYENCE CORPORATION, is also a significant growth driver. Due to an increase in drug stores, the United States currently dominates the region of North America.
During the forecast period, the APAC market is expected to grow. The presence of major laser printer manufacturers in the region is one of the main causes of APAC's dominance. Major different locations including China, India, and Japan are very well known by these vendors. The fierce competition in the market has forced the ASP of laser printers in APAC to fall, which is positively driving the market growth. The market in APAC is expected to grow as a consequence of the growth prospects of the textile industry as well as the increased adoption rates of direct-to-fabric printers. Many vendors decided to increase their presence in APAC as a result of the region's increasing demands for printers. As an instance, FUJIFILM India announced the launch of the Acuity Ultra, a new super wide format system, in 2021. It is a chemical-free, UV-curable roll-to-roll printer that uses Uvijet GS ink. From the quick setup of the material to the intelligent vacuum management and operation through newly designed output software, the printer's distinguishing features make it extremely efficient.
Global Large Format Printers Market By Region, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Large Format Printers Market Dynamics
Large Format Printers Market Drivers
Increasing customers use UV-curable inkjet printers
- The growth of the market has indeed been driven by rise in use of UV curable inkjet printers. A 3D object can be created from a 2D digital image using a UV Inkjet printer and UV digital printing technology. Along with increasing productivity, it produces images of top quality. Used in printers, UV-Curable Ink provides a high-speed, quick-dry, low-energy, and environmentally friendly solution. It is employed extensively across a wide range of industries, such interior design, promotion, and electronics. On resin, glass, and metal, direct printing is possible using a UV-Inkjet printer.
Growing use of large size printers for vehicle graphics and home furnishings
- The growing use of digitally printed curtains, wall hangings, cushions, and bed covers has accelerated the use of large format printers in home décor. For fast and accurate printing of high-quality images, large format printers are used. Due to their ability to produce brighter colors, dye-sublimation printers are being used in applications for home décor.
Large Format Printers Market Restraints
High operating and investment costs
- Installing and maintaining a large format printer necessitates a significant initial investment, which restrains the market growth. Maintaining a large-format printer demands a lot of consumables, especially costly inks. These printers also have a high electricity consumption. As a result, it is concluded that one of the main obstacles to market growth over the forecast period is high operational costs.
Request Free Customization of this report to help us to meet your business objectives.
Large Format Printers Market Competitive Landscape
Market players are using both organic and inorganic growth strategies to compete in the fragmented large format printers market. Among the top market players are Agfa-Gevaert NV, Canon Inc., FUJIFILM Holdings Corp., HP Inc., Kyocera Corp., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson Corp., Sony Corp., and Xerox Corp.
Large Format Printers Market Top Player’s Company Profiles
- HP Inc.
- Canon Inc.
- Epson America, Inc.
- Roland DG Corporation
- Mimaki Engineering Co., Ltd.
- Ricoh Company, Ltd.
- Konica Minolta, Inc.
- Xerox Corporation
- Mutoh Holdings Co., Ltd.
- Agfa-Gevaert Group
- EFI (Electronics for Imaging, Inc.)
- Seiko Epson Corporation
- Fujifilm Holdings Corporation
- Océ-Technologies B.V. (a subsidiary of Canon Inc.)
- Durst Phototechnik AG
- Inca Digital Printers Limited
- CET Color
- HP Latex Printers (a subsidiary of HP Inc.)
- KIP America
- HP DesignJet Printers (a subsidiary of HP Inc.)
Large Format Printers Market Recent Developments
- In March 2022, Third-generation inkjets from Roland DGA were introduced. large-format printer/cutters from the TrueVIS VG3 and SG3 series. Both printers/cutters are appropriate for a range of projects, including banners and signs, window graphics, labels, decals, floor graphics, car graphics, home furnishings, and clothes with heat transfers. These printers feature precise colour targeting, dynamic ink combinations, and unmatched print-and-cut precision, in addition to enabling users to optimise production.
- In May 2022, Large size inkjet printers from Mimaki's 330 Series have been introduced. Mimaki Weaving Dot Technology (MWDT) is a feature of the new 330 Series that alters the order of ink droplet placement according on the printing conditions to prevent streaks or uneven printing caused by print head or adjustment issues. The series also has Mimaki Remote Access (MRA), which makes equipment access and operation status monitoring easier for users by enabling remote access to the device. Both versions concentrate on the sizable indoor and outdoor graphic and signage markets. The JV330 Series is the only printing option available on the new models, whereas the CJV330 Series has print and cut capabilities.
Large Format Printers Key Market Trends
- The industries that most substantially increase global market revenue are packaging and textile. In a bid to assist them in their out-of-home advertising campaigns, numerous national and worldwide brands and corporations use large format printers. The media is additionally apparent from a distance due to its big size. The target audience is drawn to advertising through the use of giant hoardings, banners, signs, and building wraps, among other methods, which then boosts sales and revenue. Three packaging apps and having to cut folding cartons, flexible packaging, and label printing. Folding cartons add a few additional steps to the file preparation (structural CAD files), finishing, and printing processes (die-cutting, folding, gluing). Large format printers have evolved due to advancements in printer manufacturing in a number of ways. Making a high-quality print quickly is one of these factors. The market's players have been motivated to create printers with quick print speeds by the end-users' increased desire for quicker turnaround times. Additionally, the necessity for manual printing intervention has been removed in a number of printers by automated processes, which has reduced the entire printing process.
Large Format Printers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to global large format printers market analysis, the market is further benefited from the growing significance of digital document production in commercial printing applications, a range of pricing options, and a higher incidence of CAD and technical printing applications. Due to the growth of the advertising and signage markets and the substantial investment made in indoor and outdoor signs by businesses in the region, North America currently controls the majority of the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.8 billion |
| Market size value in 2031 | USD 14.13 billion |
| Growth Rate | 5.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Large Format Printers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Large Format Printers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Large Format Printers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Large Format Printers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Large Format Printers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Large Format Printers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
