HOME › Press Releases › Large Format Printer Market worth 8.42 Billion USD by 2022
Large Format Printer Market worth 8.42 Billion USD by 2022
According to a new market research report "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 format printer 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.
Browse 70 market data Tables and 68 Figures spread through 156 Pages and in-depth TOC on "Large Format Printer Market - Global Trends & Forecast to 2022"
Early buyers will receive 10% customization on reports.
Signage is expected to lead the large format printer market in terms of volume
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.
The large format printer market for UV-Cured ink is expected to exhibit high growth during the forecast period
UV-cured ink consists of acrylic monomers with a photo initiator. As soon as the printing is done, the ink is exposed to ultraviolet (UV) light, which causes a chemical reaction, thus, making the ink solid. Unlike solvent and aqueous inks, the UV-cured ink does not evaporate. It gets set and dries up quickly on the exposure of UV light and can be sent to the next step of the production process. This makes them durable and suitable for printing on a wide range of flexible materials along with direct to rigid substrates. Due to these advantages of UV-cured ink, the large format printers for UV-cured ink have been adopted at the fastest rate by the end users.
The market in the APAC region is expected to grow at the highest rate during the forecast period
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 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).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India