Large Format Printer Market Outlook – 2030
The global large format printer market size was valued at $9.15 billion in 2020, and is projected to reach $13.70 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030. Large format printer refers to print materials that are too large to be printed on the most readily available sizes of commercial printing presses. Large format printing requires use of specialty production equipment that can accommodate bigger-than-normal print dimensions. It is most commonly designed as a flat wall-hanging, however, it can also be made to fold or in some cases made to be free-standing. Similar to an inkjet printer, it sprays ink onto the chosen materials to quickly produce quality prints with impeccable detail and accuracy. Large format printers are used for various applications, including printing banners, posters, trade show graphics, wallpapers, and vehicle image.
Furthermore, rise in popularity of dye-sublimation printing in event photography & photo booths pushes the large format printer market growth. Dye sublimation inks is a widely accepted and common application for high quality and brightly colored images and vivid designs. Sublimation printing requires special sublimation inks, which are made from dye particles. These inks are grounded and then suspended in a liquid that carries them without dissolving them. Dye sublimation ink is designed to deliver greater performance on different print-heads. These sublimation inks are made from high purity low energy disperse dyes. Thus, they offer excellent print-head performance and extended nozzle life.
The global large format printer market size is anticipated to witness significant growth during the forecast period. Factors, such as increasing usage of large format printers in textile and advertising industries, growing popularity of dye-sublimation printing, and increasing adoption of UV-curable inkjet printer drive the large format printer market growth. Large and small medium businesses use large format printers to advertise their business to catch the attention of potential clients in their local area. For this reason, demand for large format printers has never declined in popularity and is an integral part of any marketing plan for several business. These printers offer productivity, versatility, and flexibility with a direct-to-garment printer that allows to print t-shirts on-demand, as well as large, unique items to expand products and profitability.
However, high initial investments and operating costs is a major restraint for the global market growth. In addition, increase in adoption of large format printers in vehicle wrap and home furnishing applications is expected to create opportunities for the large format printer industry. Rise in demand for digital print on curtains, wall hangings to cushions, and bed covers is accelerating adoption of large format printers for home décor applications. The decorative market is growing rapidly as homeowners and businesses look to enhance and customize their homes, workplaces, and brands. Whether for a teenager’s bedroom, an office creative space, or a hotel lobby, today’s generation is focused toward solutions that offer adaptable, personalized services, and environmentally responsible products.
Segment Review
The global large format printer market is segmented on the basis of offering, printing technology, print width, ink type, application, and region. By offering, the market is divided into printer, software, and service. By printing technology, it is divided into inkjet printing, and toner-based printing (laser systems). The inkjet printing segment is further sub segmented into thermal inkjet technology, electrostatic inkjet technology, crystal-based technology, and others. On the basis of ink type, it is segregated into aqueous, solvent, UV-curable, dye sublimation, latex, and others. Depending on application, it is divided into apparels & textiles, signage, advertising, décor, CAD & technical printing, construction, and others.
Region-wise, the large format printer market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominates the large format printer market, due to high growth in advertising and signage sector and huge funding in indoor and outdoor signage by enterprises in the region.
Competitive analysis and profiles of the major large format printer market players, such as AGFA-GEVAERT (Belgium), Canon Inc. (Japan), Durst Group AG (Italy), Epson Corporation (Japan), HP Development Company, L.P. (U.S.), Konica Minolta (Japan), Mimaki Engineering (Japan), Ricoh (Japan), Roland (U.S.), and FUJIFILM Holdings Corporation (Japan), are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.
Top Impacting Factors
The prominent factors that impact the large format printer market growth are increasing usage of large format printers in textile and advertising industries, growing popularity of dye-Sublimation printing, and increasing adoption of UV-curable Inkjet printer. However, high initial investments and operating costs restricts the market growth. On the contrary, increasing adoption of large format printer in vehicle wrap and home furnishing applications is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect large format printer industry during the forecast period.
By Offering
Service segment is projected as one of the most lucrative segments.
Competition Analysis
Competitive analysis and profiles of the major large format printer market players, such as AGFA-GEVAERT (Belgium), Canon Inc. (Japan), Durst Group AG (Italy), Epson Corporation (Japan), HP Development Company, L.P. (U.S.), Konica Minolta (Japan), Mimaki Engineering (Japan), Ricoh (Japan), Roland (U.S.), and FUJIFILM Holdings Corporation (Japan), are focusing their investments on technologically advanced, cost-effective, and more secure products and solutions for various applications. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.
COVID-19 Impact Analysis
COVID-19 is having a large impact on both consumer and the economy. Electronics manufacturing hubs have been temporarily shut down to liming the COVID-19 spread among the individuals. This has majorly affected the supply chain of the market by creating shortages of materials, components, and finished goods. Lack of business continuity has ensured significant negative impacts on revenue and shareholder returns, which are expected to create financial disruptions in the industry.
By Application
Signage segment is expected to secure leading position during forecast period.
North America and Asia-Pacific dominate the market, in terms of number of manufacturers and consumers. Reduced supply chain operations in China significantly impacted on companies across the globe and disrupted electronics value chain. This created new opportunities for industries in other regions to garner high number of consumers. Moreover, the outbreak of corona virus constrained governments across the globe to force lockdown initiatives that reduced sales and production revenue, which, in turn, disrupted the global economy at a significant extent.
An important factor affecting the large format printers market is closed borders and national closures. Due to this, global distribution channels were disrupted while demand remained the same and even grew. When companies were unable to print and deliver cost-effectively overseas, or their parent printers are closed due to corona virus outbreaks, local automated print-on-demand, driven by intelligent algorithms, becomes an attractive alternative. As a result, domestic markets, manufacturers and suppliers are gaining an advantage over foreign competitors as they supply the bulk of the nation’s printing needs.
By Region
Asia-Pacific would exhibit the highest CAGR of 6.1% during 2021-2030
Key Benefits for Stakeholders
- This study comprises analytical depiction of the global large format printer market outlook along with the current trends and future estimations to depict the imminent investment pockets.
- The overall large format printer market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and large format printer market opportunities with a detailed impact analysis.
- The current large format printer market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the large format printer market share of key vendors.
- The report includes the market trends and the revenue share of key vendors.
Large Format Printer Market Report Highlights
| Aspects | Details |
 By Offering |
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 By Printing Technology |
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 By Print Width |
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 By Ink Type |
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 By Application |
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 By Region |
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 By Key Market Players |
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Analyst Review
The large format printer market holds high potential in advertising, textile, and vehicle wraps. Current business scenario has been witnessing an increase in demand for large format printer across various industry verticals, particularly in developed regions such as North America, Europe, and Asia-Pacific. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.
The large format printer market is expected to grow at the highest CAGR during the forecast period, owing to increase in use of large format printers in graphics printing, apparel, textiles printing, and computer-aided design (CAD) and technical printing applications. This region is a leader in the overall textiles industry. China and India are the largest suppliers of textiles. These countries constitute maximum number of textile printing owners and marketers and hold the most extensive base of textile manufacturers as well.
In addition, the fast-growing retail advertisement and graphic printing industry in emerging economies such as India is expected to contribute significantly toward growth of the large format printer market. Key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch and partnership are expected to be prominent strategies adopted by the market players.
Key players profiled in the report include AGFA-GEVAERT (Belgium), Canon Inc. (Japan), Durst Group AG (Italy), Epson Corporation (Japan), HP Development Company, L.P. (U.S.), Konica Minolta (Japan), Mimaki Engineering (Japan), Ricoh (Japan), Roland (U.S.), and FUJIFILM Holdings Corporation (Japan).
The large format printer market is estimated to grow at a CAGR of 4.2% from 2021 to 2030.
The large format printer market is projected to reach $13.70 billion by 2030.
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Increasing usage of large format printers in textile and advertising industries, growing popularity of dye-sublimation printing.
The key players profiled in the report include AGFA-GEVAERT (Belgium), Canon Inc. (Japan), Durst Group AG (Italy), Epson Corporation (Japan), and many more.
On the basis of top growing big corporations, we select top 10 players.
The large format printer market is segmented on the basis of offering, printing technology, print width, ink type, application, and region.
The key growth strategies of large format printer market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.
Service segment would grow at a highest CAGR of 6.7% during the forecast period.
North America region will dominate the market by the end of 2030.
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