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Report Scope & Overview:

Large Format Printer Market Size was valued at USD 9.40 billion in 2022 and is expected to reach USD 14.54 billion by 2030, growing at a CAGR of 5.6% over the forecast period 2023-2030.

Large format printer means large printable materials that can be printed in sizes that are readily available on commercial printing presses. Larger format printing requires the use of special production equipment that can handle larger print sizes than usual. It is largely designed to hang on a flat wall, however, it can also be folded or in some cases made to stand free. Similar to an inkjet printer, it sprays ink on selected items to quickly produce quality prints with pure details and accuracy. Large format printers are used for a variety of applications, including printing banners, posters, trade show graphics, wallpapers, and automotive photos.

Large Format Printer Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Multiple large-format printer variants are widely available.

  • Large format printers are in high demand in the textile, advertising, and packaging industries.

  • UV-curable inks are becoming more popular in outdoor advertising, computer-aided design (CAD), and technical printing applications.

  • Wireless large-format printers are in high demand.

RESTRAINTS: 

  • Initial and Operating costs are both high.

OPPORTUNITIES:

  • Wide-format printers are increasingly being used in commercial printing applications.

  • In-plant demand for large-format printers is increasing.

  • Large format printers are increasingly being used in home furnishing, decor, and vehicle wrap applications.

CHALLENGES:

  • Digital advertising media is becoming increasingly popular.

  • COVID-19 has caused a global manufacturing sector production slowdown.

IMPACT OF COVID-19:

The outbreak of the COVID-19 epidemic has led to the closure or partial closure of factories, warehouses, businesses, and institutions around the world. This is augmented by the introduction of closure measures, which include strict rules for the public, limited mobility, and limited access to public areas, restaurants, theme parks, theaters, and supermarkets. Globally, many industries have seen disruptions in supply chain operations and logistics-related services.

Consumer consumption and companies sending closure measures, and disruption of the supply chain have contributed to the growth of a large format printing market. The market is seeing a decline due to the closure of many SMEs, disruption, closure, and other problems due to the COVID-19 epidemic. The epidemic has forced governments around the world to shift their focus from spending to health care. Demand from end users is also declining sharply by 2020.

To date, Asia Pacific and North America continue to be the worst-affected regions due to the occasional re-emergence of COVID-19 cases. This has left many businesses experiencing lower-than-usual consumer spending, thus disrupting revenue. As a result, demand for large-format printers has remained short.

By Type, the large format printer market is segmented into solvent, aqueous, UV cured, dye sublimation, and Latex. Although printers based on aqueous ink and solvent ink have advantages in terms of cost and overall image quality, they do have some drawbacks. aqueous ink takes a lot of time to dry and usually does not absorb water. Furthermore, when exposed to UV light, this type of ink deteriorates. Solvent ink, although waterproof and resistant to ultraviolet (UV) light, produces highly harmful chemical fumes during the printing process and requires special ventilation. On the contrary, UV-cured ink has many benefits; this type of ink dries almost instantly, is not resistant to UV, and has no significant environmental impact. In addition, it can be used for a variety of open and solid surfaces. UV-cured ink is gradually replacing solvent ink despite the cost due to its aforementioned benefits. Therefore, the demand for UV-cured ink is expected to rise and hold the largest market share during the forecast period.

By Technology, The large format printer market is divided into two segments ink-based technology and toner-based technology. One of the main reasons for the high growth rate of the inkjet printers market is the increase in the use of large-format inkjet printers for CAD printing applications. However, over time, manufacturers of inkjet printers have begun to provide faster inkjet printers at a reduced cost of using large format printers, which has led to widespread acceptance of inkjet printers in these industries. The reason for the decrease in demand for toner-based printers is the replacement of these printers with inkjet printers due to their advantages such as low cost and low maintenance.

MARKET SEGMENTATION:

BY INK TYPE

  • Solvent

  • Aqueous

  • UV cured

  • Dye Sublimation

  • Latex

BY OFFERING

  • Printers

  • After-sales Services

  • RIP Software

BY TECHNOLOGY

  • Ink-based Technology

  • Toner-based Technology

By Application

  • Décor

  • Apparel and Textile

  • Signage and Advertising

  • CAD and Technical Printing

BY PRINT WIDTH

  • 17”-24”

  • 24”-36”

  • 36”-44”

  • 44”-60”

  • 60”-72”

  • 72” and above

Large Format Printer Market Segmentation Analysis

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REGIONAL ANALYSIS:

The market in APAC is expected to grow at a very high CAGR during the forecast period. Many leading suppliers of large format printers such as Canon and Epson are based in the region. APAC countries, especially India, Japan, and China, are expected to lead the largest format printing market in the coming years, depending on market conditions and size. APAC is a leader in the textile industry. China and India are major suppliers of textiles; these countries form the highest number of print fabric holders and retailers and hold the widest base of textile manufacturers as well. Countries like Japan and South Korea are already economically advanced, with China becoming the world's fastest-growing economy in the last two decades. Large format printers are likely to prove a great demand in the region at the time of forecasting due to the high growth of graphics, clothing, and textiles, as well as CAD and printing technology. APAC produces a large amount of clothing and textiles, and the sector is expected to grow steadily in the region. Significant growth in the large-format printer market may be reflected in advertising and branding programs in India, largely due to economic growth. APAC developing countries have great potential for growth and a conducive environment for producers. Therefore, the large format printer market in APAC is expected to grow at a very high rate during the forecast period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The key players in the large format printer market are EPSON, Fujifilm Holdings Corporation, Hewlett-Packard, Konica Minolta, Xerox Corporation, Kyocera Corporation, Roland Corporation, Mutoh, ARC Document Solutions, GFA-GEVAERT, Mimaki Engineering, Lexmark, Agfa-Gevaert, Durst Phototechnik, DILLI Illustrate, SwissQprint, Canon Inc., Ricoh & Other Players.

Fujifilm Holdings Corporation-Company Financial Analysis

Large Format Printer Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 9.40 Billion
Market Size by 2030 US$ 14.54 Billion
CAGR CAGR of 5.6% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Ink Type (Solvent, Aqueous, UV Cured, Dye Sublimation, Latex)
• By Offering (Printers, After-Sales Services, and RIP Software)
• By Technology (Ink-Based Technology, Toner-Based Technology)
• By Application (Décor, Apparel And Textile, Signage And Advertising, CAD And Technical Printing
• By Print Width (17”-24”, 24”-36”, 36”-44”, 44”-60”, 60”-72”, 72” and Above)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles EPSON, Fujifilm Holdings Corporation, Hewlett-Packard, Konica Minolta, Xerox Corporation, Kyocera Corporation, Roland Corporation, Mutoh, ARC Document Solutions, GFA-GEVAERT, Mimaki Engineering, Lexmark, Agfa-Gevaert, Durst Phototechnik, DILLI Illustrate, SwissQprint, Canon Inc., Ricoh and Other.
Key Drivers • Multiple large-format printer variants are widely available.
• Large format printers are in high demand in the textile, advertising, and packaging industries.
Restraints • Initial and Operating costs are both high.

Frequently Asked Questions

The Large Format Printer Market size was valued at USD 9.40 billion in 2022.

The Large Format Printer Market is growing at a CAGR of 5.6% over the forecast 2023-2030.

Multiple large format printer variants are widely available, Large format printers are in high demand in the textile, advertising, and packaging industries, UV curable inks are becoming more popular in outdoor advertising, computer-aided design (CAD), and technical printing applications, Wireless large format printers are in high demand.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Large Format Printer Market Segmentation, by Ink Type

8.1Introduction

8.2 Solvent

8.3 Aqueous

8.4 UV cured

8.5 Dye Sublimation

8.6 Latex

9. Large Format Printer Market Segmentation, by Offering

9.1 Introduction

9.2 Printers

9.3 After-sales Services

9.4 RIP Software

10. Large Format Printer Market Segmentation, by Technology

10.1 Introduction

10.2 Ink-based Technology

10.3 Toner-based Technology

11. Large Format Printer Market Segmentation, by application

11.1 Introduction

11.2 Décor

11.3 Apparel and Textile

11.4 Signage and Advertising

11.5 CAD and Technical Printing

12. Large Format Printer Market Segmentation, by Print Width

12.1 Introduction

12.2 17”-24”

12.3 24”-36”

12.4 36”-44”

12.5 44”-60”

12.6 60”-72”

12.7 72”and above

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14.Company Profiles

14.1 Hewlett-Packard

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 EPSON

14.3 Electronics

14.4 Fujifilm Holdings Corporation

14.5 Konica Minolta

14.6 Xerox Corporation

14.7 Kyocera Corporation

14.8 Roland Corporation

14.9 Mutoh

14.10 ARC Document Solutions

14.11 GFA-GEVAERT

14.12 Mimaki Engineering

14.13 Lexmark

14.14 Agfa-Gevaert

14.15 Durst Phototechnik

14.16 DILLI Illustrate

14.17 SwissQprint

14.18 Canon Inc.

14.19 Ricoh

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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