Press release
Large Format Printers Global Market Report 2024 - By Report, Size, Share, Trends, Forecast To 2033
Large Format Printers
The Business Research Company offers in-depth market insights through Large Format Printers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The large format printers market size has grown steadily in recent years. It will grow from $9.41 billion in 2023 to $9.82 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to demand for high-quality printing, expansion of advertising and signage industry, popularity in graphic arts and photography, wide range of substrate compatibility, textile and fabric printing growth..
The large format printers market size is expected to see steady growth in the next few years. It will grow to $11.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to rise in promotional merchandise , energy-efficient printing solutions, increased use in educational materials printing, continuous feed printing systems, global economic recovery.. Major trends in the forecast period include digital printing dominance, direct-to-object printing, 3d printing integration, print automation and workflow solutions, increased print speeds and resolutions, green printing practices, .
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Market Segmentation:
The large format printers market covered in this report 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
Major Driver - Rising Demand In Textiles, Advertising, And Packaging Industries Boosts Large Format Printer Market
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.
Competitive Landscape:
Major companies operating in the large format printers market report are Agfa-Gevaert N. V., Canon Inc., Durst Phototechnik AG, Seiko Epson Corporation, Xerox Holdings Corporation, Hewlett-Packard Development Company L. P., Konica Minolta Inc., Mimaki Engineering Co. Ltd., Mutoh Holdings Co. Ltd., The Ricoh Company Ltd., Roland DG Corporation, Fujifilm Holdings Corporation, Kyocera Corporation, Lexmark International Inc., Shenyang Sky Air-Ship Digital Printing Equipment Co. Ltd., SwissQprint AG, Oki Electric Industry Co. Ltd., Toshiba Tec Corporation, Brother Industries Ltd., Panasonic Corporation, Sharp Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., KIP Inc., Dilli Co. Ltd., ColorTrac Group, Neolt S. P. A, CET Color Inc., EFI Inc., Summa NV
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Top Trend - Innovative Technology Launches Drive The Large Format Printer Market
New technology launches in the large format printer market are considered the key trend that is followed by many large format printer companies in the market. 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.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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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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