The Global Large Format Printer Market Growth at a rate of 3.20% in the forecast period 2022 to 2028
Market Analysis and Insights - Global Large Format Printer Market
The large format printer market is expected to witness market growth at a rate of approximately 3.20% in the forecast period of 2021 to 2028 and is expected to reach USD 12.31 billion by 2028. Data Bridge Market Research report on the large format printer market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand of large format printing in the advertising, packaging industries and textiles is escalating the growth of the large format printer market.
Large format printer refers to a computer controlled printing machine which assists in printing roll width ranging from 18" and 100". This printer is used for printing on a large single sheet of paper instead of individual papers. These are utilized in applications that require longer width printing including banners, posters, vehicle image wraps, architectural drawings, trade show graphics and murals. These are highly used in enterprises because of the large format display which acts as a powerful communication and marketing tool with a highly popular display option for conferences, trade shows, public events and art exhibitions.
The rise in the demand for large format printing at various industries such as textile, packaging and advertising and the availability of mobile advertising and printing facilities offering consumers the option to print documents directly using the mobile phone or any other wireless device acting as the major factors driving the large format printer market. The increasing acceptance of UV curable ink for large format printers in order to print robust images which could be applied to numerous substrates including foam board, glass, wood and cardboard and the rise in popularity of these printers as they provide features including large color touchscreen which helps in enabling the configuration of the connectivity options in printers accelerate the large format printer market growth. The adoption of these printers especially in workplaces with employees with poor eyesight or lacking the knowledge regarding the printing technology as these are easy to understand and operate and the performing capability of these products to print as per the required quantity and withstand extreme environmental conditions without the issue of fading also influence the large format printer market. Additionally, rise in importance of digital document production in commercial printing applications, several pricing options and high utilization of cad and technical printing applications positively affect the large format printer market. Furthermore, the increasing utilization in home furnishing and décor and vehicle wrap applications and product innovations to provide a variety of printers extend profitable opportunities to the large format printer market players in the forecast period of 2021 to 2028.
On the other hand, high initial investments and operating costs and rising popularity of digital advertising media are the factors expected to obstruct the large format printer market growth. The concerns regarding the rigidity and specific applications of these printers challenge the large format printer market in the forecast period of 2021-2028.
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The Global Large Format Printer Market Size
The large format printer market is segmented on the basis of type, offering, print materials, print width, ink type, printing technology and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the large format printer market is segmented into aqueous, solvent, UV-curable, latex and dye-sublimation.
On the basis of offering, the large format printer market is segmented into printers, RIP software and after-sales services.
On the basis of print materials, the large format printer market is segmented into porous/corrugated materials and non-porous materials.
On the basis of print width, the large format printer market is segmented into 17-24”, 24-36”, 36-44”, 44-60”, 60-72” and 72” and above.
On the basis of ink type, the large format printer market is segmented into aqueous, solvent, UV-curable, latex and dye-sublimation.
On the basis of printing technology, the large format printer market is segmented into ink-based (inkjet) printers and toner-based (laser) printers.
Global Large Format Printer Market Country Level Analysis
The large format printer market is analyzed and market size, volume information is provided by country, type, offering, print materials, print width, ink type, printing technology and application as referenced above.
The countries covered in the large format printer market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the large format printer market because of the growth in advertising and signage sector and huge funding in indoor and outdoor signage by enterprises in the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the presence of prominent key players, growing economy and adaptability in developing nations such as China, India and Japan and technological developments to produce better-quality printers with enhanced quality.
Global Large Format Printer Market Share Analysis
The large format printer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the large format printer market.
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Key Players Global Large Format Printer Market
The major players covered in the large format printer market report are HP Development Company, L.P., Canon India Pvt Ltd., Seiko Epson Corporation, MIMAKI ENGINEERING CO., LTD, Roland Corporation, Ricoh, Durst Phototechnik, Xerox Corporation, Konica Minolta, Inc., Agfa-Gevaert Group, Electronics For Imaging, Inc., KYOCERA Corporation, Lexmark International, Inc., MUTOH INDUSTRIES LTD, ARC Document Solutions, LLC, Dilli, swissQprint AG, Shenyang Sky Air-Ship Digital Printing Equipment Co.,Ltd, Seiko Instruments Inc., Oki Electric Industry Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Large Format Printer Market Report Answers the Following Questions:
How much revenue will the Global Large Format Printer Market generate by the end of the forecast period?
Which market segment is expected to have the maximum market share?
What are the influencing factors and their impact on the Global Large Format Printer Market ?
Which regions are currently contributing the maximum share of the overall Global Large Format Printer Market ?
What indicators are likely to stimulate the Global Large Format Printer Market ?
What are the main strategies of the major players in the Global Large Format Printer Market to expand their geographic presence?
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