What Factors Propelled The Growth Of The Large Format Printers Market In The Past?
The large format printers market has seen considerable growth due to a variety of factors.
• In recent times, there has been consistent expansion in the market size of large format printers. The market, valued at $9.58 billion in 2024, is projected to rise to $9.88 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.1%.
The previous growth can be traced back to factors such as the high demand for top-notch printing, the booming advertising and signage sector, the widespread appeal in graphic arts and photography, a diverse range of substrate compatibility, and the rise of textile and fabric printing.
What Is The Projected Growth And Market Size For The Large Format Printers Sector?
The large format printers market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience robust expansion in the future years, the market size of large format printers is projected to inflate to $12.65 billion in 2029, a climb that corresponds to a compound annual growth rate (CAGR) of 6.4%.
The development during the forecast period can be linked to a surge in promotional merchandise, a shift towards energy-saving printing solutions, enhanced usage in creating educational print materials, the prevalence of continuous feed printing systems, and global economic recovery. Essential trends during this forecast time comprise digital printing's supremacy, direct-to-object printing, the integration of 3D printing, automation of print and workflow solutions, improvements in print speeds and resolutions, and the rise of environmentally-conscious printing strategies.
What Factors Are Driving Growth In The Large Format Printers Market?
The increase in needs in the textile, advertising, and packaging sectors is significantly driving the expansion of the large format printer market. These large format printers play a crucial role in businesses, enhancing their brand visibility and facilitating the promotion or introduction of their latest offerings, thereby impacting a wider customer base. The textile industry has seen a surge in the usage of large format printers, as they seamlessly automate the process of printing on various textile formats. As per the India Brand Equity Foundation (IBEF), the Indian textile market is projected to surpass a value of $209 billion by 2029. Moreover, India's home textile exports experienced an impressive growth of 9% in 2021. Hence, the escalating demand in the textile, advertising, and packaging sectors is propelling the rise of large format printers in the foreseeable future.
What Are The Main Segments Of The Global Large Format Printers Market?
The large format printers market covered in this report is segmented –
1) By Technology: Ink-Based Technology, Toner-Based (Laser) Technology
2) By Ink Type: Aqueous, Solvent, UV-Curable, Latex, Dye-Sublimation
3) By Application: Apparel And Textile, Advertising, Décor, CAD And Technical Printing, Other Applications
Subsegments:
1) By Ink-Based Technology: Aqueous Inkjet, Solvent Inkjet, Eco-Solvent Inkjet, UV-Curable Inkjet, Dye-Sublimation Inkjet
2) By Toner-Based (Laser) Technology: Color Laser Printers, Monochrome Laser Printers
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What Emerging Trends Are Influencing The Growth Of The Large Format Printers Market?
The primary trend that large format printer businesses are following is the introduction of new technologies in the sector. In this competitive market, companies must introduce new products to differentiate themselves. For example, in September 2024, Canon Inc., a company based in Japan that supplies medical equipment, cameras, office multifunction devices, laser and inkjet printers, and lithography gear, unveiled its imagePROGRAF TZ-5320 and TX Series printers. These printers, furnished with advanced image processing technology and magenta ink, offer enhanced color reproduction and vibrant print quality, even on ordinary paper. This makes them suitable for many printing requirements, including architectural and engineering designs. Their high-speed printing capabilities increase productivity, while smart paper detection features reduce downtime. Additionally, their eco-friendly design reduces energy consumption and plastic waste.
Who Are the Key Players in the Large Format Printers Market?
Major companies operating in the large format printers market include:
• Agfa-Gevaert N. V.
• Canon Inc.
• Durst Phototechnik AG
• Seiko Epson Corporation
• Xerox Holdings Corporation
• Hewlett-Packard Development Company L. P.
• Konica Minolta Inc.
• Mimaki Engineering Co. Ltd.
• Mutoh Holdings Co. Ltd.
• The Ricoh Company Ltd.
• Roland DG Corporation
• Fujifilm Holdings Corporation
• Kyocera Corporation
• Lexmark International Inc.
• Shenyang Sky Air-Ship Digital Printing Equipment Co. Ltd.
• SwissQprint AG
• Oki Electric Industry Co. Ltd.
• Toshiba Tec Corporation
• Brother Industries Ltd.
• Panasonic Corporation
• Sharp Corporation
• KIP Inc.
• Dilli Co. Ltd.
• ColorTrac Group
• Neolt S. P. A
• CET Color Inc.
• EFI Inc.
• Summa NV
What Is The Most Dominant Region In The Large Format Printers Market?
North America will be the largest region in the large format printer market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large format printers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
