Press release
Large Format Printers Market Demand, Growth Prediction, Segments And Outlook By 2032
Large Format Printers Market Analysis
The Business Research Company's Large Format Printers Global Market Report 2023 identifies rising demand for textiles, advertising, and packaging industries as the major driver for the large format printers market's growth in the forecast period. 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.
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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Major competitors in the large format printers 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.
A key trend in the large format printers market includes new technology launches. 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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The large format printers market 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
• 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.
The Business Research Company's "Global Large Format Printers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
…….
26. Africa Large Format Printers Market
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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