Large Format Printer Market

Hewlett-Packard (HP) (US) and EPSON (Japan) are leading players in Large Format Printer Market

The large format printer market is projected to reach USD 11.4 billion by 2026 from USD 8.8 billion in 2021; it is expected to grow at a CAGR of 5.4% from 2021 to 2026. The growth of the large format printer market in North America is mainly driven by large-scale investments by companies as well as high demand for large format printers for large-scale prints. Moreover, the high adoption rate and technological advancements also drive the growth of the large format printer market in North America. The North American region is the largest market as the region is home to major players such as Hewlett-Packard (HP), Electronics for Imaging (US), Xerox Corporation (US), and Lexmark (US). The large share enjoyed by the region is due to the vast presence of various key players and improved advertising and décor demand. The outbreak of the novel coronavirus is expected to affect the large format printer market, but steady recovery is expected by 2022. Developing countries in APAC have vast growth potential as well as a favorable environment for product manufacturers. Countries such as Japan and South Korea are already developed economies, and China has been the fastest-growing economy in the world for the last 2 decades. Large format printers are likely to witness tremendous demand in the region during the forecast period because of high growth in graphics, apparel and textiles, and CAD and technical printing. APAC produces a large amount of apparel and textiles, and this sector is expected to grow steadily in this region. Significant growth in the market for large format printers is likely to be observed in advertising and signage applications in India, mainly due to the booming economy. Therefore, the large format printer market in APAC is expected to grow at the highest rate during the forecast period.

The prominent players operating in the large format printer market Hewlett-Packard (HP) (US), Canon (Japan), EPSON (Japan), Ricoh (Japan), Konica Minolta (Japan), Electronics for Imaging (EFI) (US), Xerox Corporation (US), Fujifilm Holdings Corporation (Japan), Kyocera Corporation (Japan), Lexmark (US), Roland Corporation (Japan), Mimaki Engineering Co. Ltd. (Japan), Agfa-Gevaert (Belgium), Mutoh (Japan), Durst Phototechnik (Italy), ARC Document Solutions (US), DILLI Illustrate (South Korea), swissQprint (Switzerland), Shenyang Sky Air-Ship Digital Printing Equipment Co. (China), Seiko Instruments Inc. (Japan), Oki Electric Industry Co. Ltd. (Japan), Soma Tech Intl (US), Floral Printing (China), Dover Digital Printing (US), and Sanyi Technology Development Co. Ltd (China).

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Top 2 Players in UV curing system Market:

Hewlett-Packard (HP)

Founded in 1939 and headquartered in California, US, Hewlett-Packard (HP) is one of the leading providers of various hardware components, such as laptops, desktops, printers, and scanners; software solutions; and related services. The company operates through five major segments—Personal Systems, Imaging & Printing, Services, HP Software, and Enterprise Servers, Storage, and Networking. HP is a global provider of personal computing and other access devices; imaging and printing products; and related technologies, solutions, and services. Its Printing segment offers solutions for large format printers.

The customer base of HP belongs to different verticals, including government, healthcare, education, manufacturing, and consumer electronics. It offers its products and services to individual customers and small- and large-scale industries. Its Printing segment provides LaserJet and enterprise solutions, inkjet and printing solutions, graphics solutions, printing solutions, and 3D printing solutions. Under its Imaging & Printing business segment, the company offers large format printers globally. HP offers a wide range of products, such as office multifunction devices (MFDs), laser multifunction printers (MFPs), laser printers, digital production printing systems, high-speed continuous feed printers, and large format printers, in the large format printer market. Its products feature high image quality, resolution, and speed to meet the large-scale commercial printing requirements.

EPSON

Epson develops, manufactures, sells, and provides products and services related to printing, visual communication, wearable and industrial, and various other businesses. The company operates through four segments—Printing Solutions, Visual Communications, Wearable & Industrial Products, and Others. The Printing Solutions segment provides printers, professional printing services, and other related services worldwide. In the field of professional printing, the company offers large format inkjet printers, industrial inkjet printing systems, printers for use in Point of Sale (PoS) systems, label printers, and related consumables.

Epson has production and R&D sites in 29 locations worldwide. A few of the company’s major subsidiaries are Epson America (US), Epson Europe (Netherlands), Epson (China), and Epson Singapore (Singapore).

Related Reports:

Large Format Printer Market with Covid-19 Impact Analysis by Offering, Connectivity (Wired, Wireless), Printing Material (Porous, Non-porous), Technology (Ink-based, Toner-based), Print Width, Ink Type, Application, and Geography - Global Forecast to 2026

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Large Format Printer Market Size,  Share & Growth Report
Report Code
SE 2735
RI Published ON
12/17/2021
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