Large Format Printer Market by Opportunities , Challenges , Print Width, Application, and Geography - Global Forecast to 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 2025", was worth USD 8.7 billion in 2018 and is projected to reach USD 11.4 billion by 2025, at a CAGR of 4% from 2019 to 2025.
Browse 68 market data Tables and 69 Figures spread through 181 Pages and in-depth TOC on "Large Format Printer Market - Global Forecast to 2025"
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The growing demand for large format printers for home
furnishing & decor and vehicle wrap applications, the increasing
demand for large format printing from the in-plant market, and the
availability of large format printers in different prices and varieties
are creating huge growth opportunities for the players in the large
format printer market. The growth of the large format printer market can
also be attributed to the increasing demand for large format printing
in the textile, advertising, and packaging industries; rising adoption
of UV-curable inks in outdoor advertising, CAD, and technical printing
applications; and growing importance of digital document production in
commercial printing applications.
Market for large format printer hardware expected to hold the largest market share during the forecast period
Large format printers are computer-controlled
printing devices that support print roll width ranging from 18 inch to
100 inch. Printers that support print roll width of over 100 inch are
considered as super-wide or grand format printers. Large format printers
are used for various applications, including printing banners, posters,
trade show graphics, wallpaper, vehicle image wraps, architectural
drawings, construction plans, and backdrops for theatrical and media
sets. Manufacturers such as Hewlett-Packard (HP) and Canon, provide a
variety of large format printers, such as large format printers-color
(used in color printing applications that do not strictly require a high
print quality), large format printers-black & white (used for black
and white printing requirements), and large format printers-graphics
(used for indoor and outdoor display graphic applications, such as
advertising, banners and posters, billboards, and wall frontage
displays, on various paper and plastic materials).
Ink-based (inkjet) printing technology expected to hold the largest market share during the forecast period
One of the major reasons for the higher market for
inkjet printers is the increasing use of inkjet large format printers
for technical and CAD printing. Traditionally, the architecture,
engineering, and construction (AEC) industry preferred laser printers as
these printers used lesser colors and ensured higher printing speed
than inkjet printers. However, with time, inkjet printer manufacturers
have started providing faster inkjet printers with reduced running costs
for large format printing, which has led to the widespread adoption of
inkjet printers in this industry.
The market for solvent ink-based large format printers accounted for the largest share in 2018
Solvent ink is comparatively cheaper than UV-curable
and water-based inks; this ink enable printing on various surfaces,
including corrugated boards, paper, flexible packaging materials, metal
foils, and plastic materials. This ink is flexible, waterproof, durable,
and therefore, does not require special over-coatings. It contains
pigments rather than dyes, unlike aqueous ink, which contains water.
Solvent ink is suitable for applications such as vehicle graphics,
banners, and billboards. Solvent ink-based printers are economical
compared with aqueous ink-based and UV-cured ink-based printers. These
printers enable printing on flexible, vinyl substrates and are largely
used in vehicle graphics, banners, and billboards applications.
Market for the large format printers with a print width ranging from 24” to 36” is expected to hold the largest share during the forecast period
These printers are mostly used in custom-apparel and
CAD applications. Printers with a print width ranging from 24” to 36”
can print pages in quick succession compared with other printers and are
good for low-volume environments. These printers have technological
features, including inbuilt RAM & storage and web connectivity,
along with Wi-Fi certification. Top tier manufacturers such as HP,
Roland, Epson, and Canon produce and provides a significant number these
printers in the market.
The market for signage applications expected to hold a major share of the large format printer market in 2019
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.
Americas held the largest share of the large format printer market in 2018
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. The market in the
Americas is more mature than the market in APAC and other regions. The
Americas is likely to contribute significantly to the growth of the
overall large format market during the forecast period.
The report profiles key players including
Hewlett-Packard (HP) (US), Canon (Japan), Epson (Japan), Mimaki
Engineering (Japan), Roland (US), Ricoh (Japan), Durst Phototechnik
(Italy), Xerox (US), and Konica Minolta (Japan).
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