Large Format Printer Market Projected to Reach USD 13.42 Billion by 2030

●Global Large Format Printer Market Poised for Robust Growth

The global large format printer (LFP) market is on an upward trajectory, driven by increasing demand across various industries such as advertising, textiles, and packaging. In 2023, the market was valued at approximately USD 9.24 billion and is projected to reach around USD 13.42 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.48% during the forecast period.

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●Competitive Landscape

The LFP market is characterized by the presence of several key players who are continually innovating to maintain their competitive edge:

HP Inc.: Leading the market with a 32% share of global large format printer shipments.

Canon Inc.: Holding a 22.5% share in shipments, with a 13% share in shipping value, attributed to its production-oriented product portfolio.

Seiko Epson Corporation: Maintaining a 17.8% share in global shipments.

Other notable companies include Agfa-Gevaert N.V., Durst Phototechnik AG, Xerox Holdings Corporation, Konica Minolta Inc., Mimaki Engineering Co. Ltd., Mutoh Holdings Co. Ltd., The Ricoh Company Ltd., Roland DG Corporation, Fujifilm Holdings Corporation, and Kyocera Corporation.

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●Regional Demand Highlights

Asia-Pacific: This region is witnessing a surge in demand for large format printers, driven by developing economies, rising textile and apparel needs, and substantial growth in graphic design, advertising, and signage sectors. The significant presence of major regional printer manufacturers further bolsters this demand.

North America: The market in this region is expected to grow at a CAGR of 5.0% during the forecast period, with a volume surge to 1,181.9 thousand units in 2019.

Europe: The European market is experiencing growth due to increased demand in advertising, packaging, and textiles industries.

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●Country-Specific Developments

Vietnam: Opportunities in Large Format Printing

Vietnam's burgeoning advertising and textile industries present significant opportunities for the adoption of large format printers to meet the growing demand for high-quality prints.

Thailand: Growth in Advertising Sector Boosts Printer Demand

Thailand's expanding advertising sector is driving the need for large format printers to produce high-quality promotional materials.Japan: Technological Advancements Enhance Market Position

Japanese companies are leveraging technological advancements to produce innovative large format printers, strengthening their position in the global market.

South Korea: Integration of Advanced Features in Printing Solutions

South Korean manufacturers are integrating advanced features into large format printers, catering to diverse industry needs and enhancing market growth.

Singapore: Adoption of Large Format Printers in Architectural Sector

Singapore's architectural sector is increasingly utilizing large format printers for detailed blueprints and designs, driving market demand.

United States: Consolidation in the Printing Industry

The U.S. market is witnessing consolidation, with key players engaging in mergers and acquisitions to strengthen their market presence.

China: Rising Demand in Textile and Apparel Industries

China's growing textile and apparel industries are fueling the demand for large format printers to produce high-quality fabric prints.

Europe: Emphasis on Eco-Friendly Printing Solutions

European markets are placing greater emphasis on eco-friendly and sustainable printing solutions, influencing the adoption of advanced large format printers.

●Key Recent Developments

A significant development in the industry includes Xerox Holdings Corporation's agreement to acquire Lexmark International for $1.5 billion. This acquisition aims to enhance Xerox's market share, particularly in the Asia-Pacific region and the A4 segment, and boost its capability to serve over 200,000 clients across 170 countries

●Large Format Printer Market Segment
by Offering

Printers
RIP Software
After-Sales Services

by Printing Technology

Toner-Based (Laser) Printers
Ink-Based (Inkjet) Printers

by Ink Type

Solvent Ink
Aqueous Ink
UV-Cured Ink
Dye Sublimation Ink
Latex Ink

by Application

Advertising
Apparel & Textile
Decor
Signage
Cad and Technical Printing

● Large Format Printer Market Key Players
1. Canon
2. Mimaki Engineering
3. Epson
4. Hewlett-Packard (HP)
5. Ricoh
6. Durst Phototechnik
7. RoLAnd
8. Konica Minolta
9. Xerox
10.HP
11.Agfa-Gevaert
12.Kyocera
13.Electronics for Imaging (EFI)
14.Mutoh
15.Lexmark
16.Arc Document Solutions
17.Swissqprint
18.Seiko Instruments
19.Oki Electric Industry
20.MIMAKI ENGINEERING CO., LTD
21.Konica Minolta, Inc.
22.KYOCERA Corporation
23.Shenyang Sky Air-Ship Digital Printing Equipment Co.,Ltd

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