Large format printers have the capability to support maximum print roll width of between 18" and 100". It has been widely adopted by many applications such as advertising, textile packaging, wallpaper, trade show graphics, stickers, electronic circuit schematics, and architectural drawings. Large format printers make use of inkjet and toner-based technology to produce clear and sharp images that are visible from a longer distance. Apart from that, large format printers function in the extreme environmental conditions without fading and print documents which are comparatively larger than the standard A4 prints. A
Epson India Pvt Ltd., a well-known leader in the large format printer market, developed sure color F series named “SC F9330” which consists of expertise printing technology that helps to exhibit high performance and quality output. In addition, Canon India Pvt. Ltd. launched a product called “image PROGRAF iPF671” for Computer Aided Design (CAD) and Geographic Information System (GIS), which is compact in size with high accuracy, allows cloud sharing and supports high volume continuous printing.
The large format printer market is expected to witness growth from 2019 to 2026 due to increase in demand for home décor furnishing and vehicle wrap applications. New technologies are emerging day by day in the printer market, such as thermal, inkjet, toner, and others, to offer easy to use features and efficient performance to users. Increase in adoption of UV curable ink helps in producing robust images, ability to distinguish between text and images, eliminate wastages, and provides high clarity image resolution, which further is expected to propel the demand for large format printers in the near future.
Factors such as increasing demand for advertising media tools such as large format hoardings and banners and rising demand for UV curable inks in technical printing applications such as CAD and GIS are the major key drivers for the large format printer market. However, high initial investments, operating cost, and increase in budget for advertising and marketing act as major restraints that are expected to hamper the market growth. Increase in demand for large format printers in the residential and automotive sectors for home furnishing and vehicle wrapping, respectively and growing demand of digital advertising media provides lucrative opportunities for the market to spur globally.
The large format printer market is segmented on the basis of ink type, application, technology, end use, and region. By ink type, the market is classified into solvent ink, latex ink, UV cured ink, dye sublimation ink, and aqueous ink. By application, the market is analyzed into décor, vehicle wrap, CAD, GIS, theatrical, and medical sets. On the basis of technology, the market is categorized into thermal inkjet technology, toner-based technology, electrostatic inkjet technology, droplet technology, and crystal-based technology. By end use, the market is segregated into healthcare, architecture & construction, entertainment, advertising & marketing, and manufacturing. By region, the market is divided into North America, Europe, Asia- pacific, and LAMEA.
Key players in the large format printer industry include Arc Document Solutions, Konica Minolta, Canon, Mimaki Engineering, Epson, Lexmark, Kyocera, Electronics for Imaging, RoLAnd, and Hewlett Packard (HP). These key players focus on R&D in technological advancements and ink types to produce clear and high-resolution images. They have adopted various key strategies such as collaboration and partnerships with top firms to penetrate and increase their revenue in the market.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the global large format printer market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities.
- The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Ink Type
- Solvent Ink
- Latex Ink
- UV cured ink
- Dye Sublimation ink
- Aqueous ink
- Vehicle Wrap
- Theatrical and medical sets
- Thermal inkjet technology
- Toner -Based technology
- Electrostatic inkjet technology
- Droplet technology
- Crystal based technology
By End Use
- Architecture & Construction
- Advertising & Marketing
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East