The Large Format Printer Market Size was valued at USD 8.2 billion in 2023 and is expected to reach USD 12.20 billion by 2031, growing at a CAGR of 4.9% over the forecast period 2024-2031.
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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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.
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
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
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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.
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
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
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 8.2 Billion |
| Market Size by 2031 | US$ 12.20 Billion |
| CAGR | CAGR of 4.9% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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. |
The Large Format Printer Market size was valued at USD 8.2 billion in 2023.
The Large Format Printer Market is growing at a CAGR of 4.9% over the forecast 2024-2031.
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
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