Large Format Printer Market by Ink Type (Aqueous, Solvent, UV-Curable, Latex, Dye Sublimation), Printing Technology (Inkjet, Laser), Print Width, Application and Geography - Global Trends & Forecast to 2022
The large formatprinter market is expected to be worth USD 8.42 Billion (in terms of value)
which includes both hardware and after- sales services, and is expected to
witness a shipment of 398.3 thousand units (in terms of volume) by 2022, at a
CAGR of 3.0% and 4.4%, respectively between 2016 and 2022. Growing demand for
advertising, décor, and textile printing applications is expected to drive the
market.
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73 market data Tables and 75 Figures spread through 178 Pages and in-depth TOC
on "Large
Format Printer Market - Global Trends & Forecast to 2022"
The key
players in the market are HP Inc. (U.S.), Canon (Japan), Epson (Japan), Roland
Dg Corp. (Japan), Xerox Corp. (U.S.), Mimaki (Japan), Ricohl (Japan), Konica
Minolta. (Japan), and Agfa Gevaert (Belgium), EFI Inc. (U.S.), and Durst
(Italy).
Signage refers to
the use of signs and symbols to communicate messages in an attractive way to a
specific group. It is one of the most widely used methods of marketing. Signage
has many applications such as in indoor signs, shop branding, indicators, large
corporate emblems, promotional signage, and window displays. Signage acts as an
influencer at the point of sale; as an attraction point in booth decoration
among others.
Although there has been a considerable penetration of digital
signage, the overall large format printer market is still expected to show a
steady growth in the retail graphics industry, particularly in the indoor PoS
signage. A major factor is growth of organized retail in emerging economies
such as India, which is leading to construction of large-scale retail outlets
such as hypermarkets and supermarkets where PoS and PoP signs are used
extensively.
http://www.marketsandmarkets.com/requestsample.asp?id=523
The market for
UV-cured ink is expected to grow at a higher rate compared to aqueous and
solvent ink types as they are increasingly replacing the other two. This is
largely because UV-curable ink printers provide high color image quality, dry
up instantaneously, and resistance to UV radiation.
Of all the
applications, the market for advertising and decor is expected to grow at the
highest rate during the forecast period due to the increasing usage of large
format printing in advertising and printing of tiles and murals across all
major regions since the rebound in economy in North America, coupled with solid
growth in the APAC region is pushing toward a greater outlay for spend on
outdoor advertising and home decor.
The market in APAC
(Asia-Pacific), which includes emerging economies of India and China as well as
developed countries such as Japan and South Korea, is expected to grow at the
highest CAGR between 2016 and 2022 because of the rapid growth of retail
graphics, signage and advertising in the region due to fast-growing economies
in countries such as India.
The market for the
printers offering print roll width of 24”–72”, within the print width segment
is expected to remain the largest in terms of shipment due to the fact that
they cover a very wide area of application which includes CAD & technical,
signage, and advertisement. The market for print width 72” and above is also
expected to witness significant growth as there is a growing demand for outdoor
advertisement for the super wide format printing.
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