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.
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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.
Initial and Operating costs are both high.
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.
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.
BY INK TYPE
Apparel and Textile
Signage and Advertising
CAD and Technical Printing
BY PRINT WIDTH
72” and above
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
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
|Market Size in 2022
|US$ 9.40 Billion
|Market Size by 2030
|US$ 14.54 Billion
|CAGR of 5.6% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• 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)
|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)
|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.
|• Multiple large-format printer variants are widely available.
• Large format printers are in high demand in the textile, advertising, and packaging industries.
|• Initial and Operating costs are both high.
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 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
8.4 UV cured
8.5 Dye Sublimation
9. Large Format Printer Market Segmentation, by Offering
9.3 After-sales Services
9.4 RIP Software
10. Large Format Printer Market Segmentation, by Technology
10.2 Ink-based Technology
10.3 Toner-based Technology
11. Large Format Printer Market Segmentation, by application
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
12.7 72”and above
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.4 Fujifilm Holdings Corporation
14.5 Konica Minolta
14.6 Xerox Corporation
14.7 Kyocera Corporation
14.8 Roland Corporation
14.10 ARC Document Solutions
14.12 Mimaki Engineering
14.15 Durst Phototechnik
14.16 DILLI Illustrate
14.18 Canon Inc.
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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