Press release
Large Format Printers Market to Witness an Outstanding Growth by ‘2025’
In enterprise application, adoption of large format display is significantly growing with a high pace. As large format printing is a powerful communication and marketing tool, with their large size prints with highly popular display option for public events, conferences, trade shows, and art exhibitions. Moreover, the application of Large Format Printers which include vehicle wrap and home furnishing are boosting the demand of market.
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Large Format Printers Market: Drivers and Restraints
Availability of Large Format Printers in various price range is turning to be one of the major driving factors of the Large Format Printers market. Rising demand for large format display in industrial application is also turning to be another major factor of Large Format Printers market. Moreover, increasing usage of Large Format Printers in textile and advertising industries is another major factor driving growth in the Large Format Printers market in a positive manner.High initial investment cost is the major restraint, faced by most of the vendors in Large Format Printers market.
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Global Large Format Printers Market: Key Players
The major player operating in Large Format Printers market includes Canon Inc., Seiko Epson Corporation, Roland DG Corporation, Ricoh Company Ltd., Hewlett-Packard, Xerox Corporation, Konica Minolta, Inc., Electronics for Imaging, Inc., and Agfa-Gevaert N.V.
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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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