Large Format Printer Market by Offering (Printers, RIP software, Services)Worth 10.59 Billion USD by 2023
The report "Large Format Printer Market by
Offering (Printers, RIP software, Services), Printing Technology (Inkjet,
Laser), Ink Type (Aqueous, Solvent, UV Cured, Latex, Dye Sublimation), Print
Width, Application, and Geography - Global Forecast to 2023", The large format
printer market is expected to grow from USD 8.37 Billion in 2017 to USD 10.59
Billion by 2023, at a CAGR of 4.00% between 2017 and 2023. The growth of the
large format printer market can be attributed to the increasing demand for
large format printing in the textile, advertising, and packaging industries;
the rising adoption of UV-curable inks in outdoor advertising, CAD, and
technical printing applications; and the growing importance of digital document
production in commercial printing applications.
Download PDF Brochure @
Early buyers will receive 10% customization on reports.
The market for UV-cured ink-based large format printers is
expected to grow at the highest rate between 2017 and 2023
UV-cured ink primarily consists
of acrylic monomers with a photo initiator. The main advantage of UV-cured ink
is that it dries quickly as soon as it is cured, and after that, it can be
applied to a wide range of substrates. It produces a robust image regardless of
the type of substrate. Owing to the high density, UV-curable inks are capable
of being printed on rigid substrates. This has increased the use of UV-curable
inks for printing on POS/POP, wood, metal, glass, and other such substrates.
The market for large format printers with a print width
ranging from 44” to 60” is expected to hold the largest share of the large
format printer market between 2017 and 2023
Large format printers with a
print width ranging from 44” to 60” is expected to hold the largest share of
the large format printer market between 2017 and 2023. These printers are
well-suited for high-quality indoor and outdoor applications. The other
applications of these printers include PoP/PoS exhibition, event graphics,
exterior signage, and floor graphics. Their secondary applications include
digital fine arts and photo printing.
The market for signage
applications expected to hold a major share of the large format printer market
in 2016
The large format printer market
for signage applications is expected to hold the largest share of the large
format printer market in 2016. Wide varieties and different uses of indoor and
outdoor signage, such as warning signs on highways and roads, large corporate
emblems, promotional signage, and window displays, contribute to the growth of
the large format printer market for signage applications. Signage prints are
carried out using wide format printers; the demand for signage applications is
expected to grow during the forecast period, thereby driving the demand for
large format printers.
Browse 68 market data Tables and 69
Figures spread through 181 Pages and in-depth TOC on "Large Format Printer Market - Global
Forecast to 2023"
Americas held the largest share of the large format printer
market in 2016
The Americas held the largest share of the large format printer
market in 2016. The signage and advertising sector in the Americas is growing
rapidly; companies in this region are investing more in outdoor advertising and
indoor signage. Retail giants such as Walmart and Carrefour are driving the
growth of the market for signage applications. The demand for large format
printers in the Americas is more for outdoor advertising and indoor signage
applications compared to other applications, such as apparels and tile murals.
Inquiry Before Buying @
The large format printer
ecosystem comprises hardware component manufacturers, prototype designers, and
original equipment manufacturers (OEMs); large format printer suppliers such as
HP Inc. (US), Canon Inc. (Japan), Epson (Japan), Roland DG Corporation (Japan),
Mimaki (Japan), Ricoh (Japan), Agfa Gevaert (Belgium), Konika Minolta
(Japan), and EFI Inc. (U.S.) among others.
No comments: