Large Format Printer Market to Witness Huge Growth by Key Players: Canon, Hewlett-Packard, Epson, Mimaki Engineering and Others.
The Global Research report titled “Large Format Printer Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 179 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.
Major Vendors profiled in the Large Format Printer Market include are Hewlett-Packard (HP) (US),Canon (Japan),Epson (Japan),Mimaki Engineering (Japan),Roland (US),Ricoh (Japan),Durst Phototechnik (Italy),Xerox (US),Konica Minolta (Japan),Agfa-Gevaert (Belgium),Electronics for Imaging (EFI) (US),Kyocera (Japan),Lexmark (US),Mutoh (Japan),ARC Document Solutions (US).
The Large Format Printer Market is expected to grow from USD 8.37 Billion in 2017 to USD 10.59 Billion by 2023, at a CAGR of 4.00% between 2017 and 2023.
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“Large format printer market for raster image processor (RIP) software is expected to grow at the highest rate during the forecast period”
Raster image processor (RIP) software offering for large format printer is the fastest-growing segment. It helps in effective processing of files, which makes large format printers work faster and more consistently, which is very important for printing on different materials such as plastics, textiles, and others. With a dedicated RIP program, which is capable of processing larger files, the print management tasks become much easier; it enables people to multitask, thereby increasing process efficiency.
“The large format printer market for ink-based (inkjet) printer technology is expected to grow at the highest rate during the forecast period”
The market for ink-based (inkjet) printer technology is expected to grow at the highest rate during 2017 and 2023. One of the major reasons for the higher growth of the market for inkjet printers is the increasing use of inkjet large format printers for technical and CAD printing. Inkjet printer provides reduced running costs for large format printing, which has led to the widespread adoption of inkjet printers in this industry.
“Large format printer market in APAC is expected to grow at the highest rate between 2017 and 2023”
APAC is one of the prospective markets for this technology. Countries such as Japan and South Korea are already developed economies, and China had been the fastest-growing economy in the world for the last 2 decades. There is likely to be a tremendous demand for large format printers in the region during the forecast period because of high growth in graphic printing, apparel & textile printing, and CAD and technical printing. APAC produces a large amount of apparels and textiles, and this sector is expected to grow steadily in this region.
Competitive Landscape of Large Format Printer Market:
2 Ranking Analysis of the Market Players, 2016
3 Competitive Situations and Trends
3.1 Product Launches and Developments
3.2 Agreements, Partnerships, and Contracts
3.4 Mergers & Acquisitions
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