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Large Format Printers Market Competitive Scenario, Size, Share, Impressive CAGR Of Nearly 4% By 2027 And Emerging Trends || Agfa-Gevaert N.V., Canon Inc., Durst Phototechnik, Epson, Xerox Corporation, Hewlett-Packard (HP)
Large Format Printers Market
Large Format Printers Market Size, Growth Rate, And Forecast
The global large format printers market size grew from $9.13 billion in 2022 to $9.35 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The large format printers market size is expected to grow to $11.14 billion in 2027 at a CAGR of 4.5%.
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Large Format Printers Market Drivers
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.
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Large Format Printers Market Segments
• By Technology: Ink-Based Technology, Toner-Based (Laser) Technology
• By Ink Type: Aqueous, Solvent, UV-Curable, Latex, Dye-Sublimation
• By Application: Apparel and Textile, Advertising, Décor, CAD and Technical Printing, Other Applications
• By Offerings: Printers, RIP Software, After-Sales Services
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the large format printers market.
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Large Format Printers Market Key Players
Major competitors in the large format printer market are Agfa-Gevaert N.V., Canon Inc., Durst Phototechnik, Epson, Xerox Corporation, Hewlett-Packard (HP), Konica Minolta, Mimaki Engineering Co. Ltd., Mutoh Holdings Co., The Ricoh Company Ltd, Roland DG Corporation.
The Business Research Company's "Global Large Format Printers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Large Format Printers Market Include:
1. Executive Summary
2. Large Format Printers Market Characteristics
3. Large Format Printers Market Trends And Strategies
4. Large Format Printers Market - Macro Economic Scenario
5. Large Format Printers Market Size And Growth
………………
27. Large Format Printers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Large Format Printers Market
29. Large Format Printers Market Future Outlook and Potential Analysis
30. Appendix
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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.
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Other Prominent Vendors in the market are: Agfa Graphics, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh, and Xerox.
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