The large format printer market is experiencing significant growth, driven by advancements in printing technology and increasing demand across various industries. Valued at approximately USD 9.24 billion in 2023, the market is projected to reach nearly USD 13.42 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.48% from 2024 to 2030.
Large Format Printer Market Overview:
Large format printers are essential for producing high-quality graphics and signage, serving sectors such as advertising, retail, and construction. The adoption of these printers is propelled by the need for vibrant, large-scale visuals and the versatility they offer in printing on various materials.
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Large Format Printer Market Regional Insights:
Large Format Printer Market Emerging Opportunities in Vietnam:
Vietnam’s burgeoning advertising and textile industries present substantial opportunities for large format printer adoption. The country’s economic growth and increasing investments in infrastructure are expected to boost demand for large-scale printing solutions.
Large Format Printer Market Growth in Thailand:
Thailand’s retail and tourism sectors are significant contributors to the demand for large format printers. The need for eye-catching promotional materials and signage in these industries is driving market growth.
Large Format Printer Market Technological Advancements in Japan:
Japan remains at the forefront of technological innovation in the printing industry. Companies like Canon Inc. and Seiko Epson Corporation are continuously developing advanced large format printers, catering to both domestic and international markets.
Large Format Printer Market Industry Trends in South Korea:
South Korea’s emphasis on digitalization and smart technologies influences its printing industry. The integration of large format printers with digital platforms is a notable trend, enhancing efficiency and output quality.
Large Format Printer Market Consolidation in Singapore:
Singapore’s strategic position as a business hub has led to market consolidation, with companies like HP Development Company, L.P. establishing regional headquarters. This consolidation facilitates better service delivery and technological support across Southeast Asia.
Large Format Printer Market Industry Updates in United States:
The U.S. market is characterized by continuous updates and innovations in large format printing technology. Companies such as Hewlett-Packard Development Company, L.P. are leading in product development, focusing on sustainability and efficiency.
Large Format Printer Market Key Developments in Europe:
European countries are witnessing significant developments in the large format printer market, with a focus on eco-friendly printing solutions. Companies like Agfa-Gevaert Group are pioneering in sustainable printing technologies, aligning with the region’s environmental regulations.
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Large Format Printer Market Consolidation
The large format printer industry has seen notable mergers and acquisitions aimed at enhancing technological capabilities and expanding market reach. For instance, Canon Inc. acquired Oce N.V., a Netherlands-based printing company, to strengthen its position in the large format printing market.
Key Recent Developments:
Recent developments include the launch of innovative large format printers with improved speed and quality. Epson Corporation introduced a new series of eco-solvent printers designed for high productivity and reduced environmental impact.
Large Format Printer Market Segment Analysis:
by Offering
Printers
RIP Software
After-Sales Services
by Printing Technology
Toner-Based (Laser) Printers
Ink-Based (Inkjet) Printers
by Ink Type
Solvent Ink
Aqueous Ink
UV-Cured Ink
Dye Sublimation Ink
Latex Ink
With a revenue share of over 32.55% in 2023, Solvent Ink led the global large format printer market based on ink type. Its capacity to stick to non-absorbent materials is what’s responsible for this expansion. However, due to changing environmental regulations, increased awareness, and a stronger focus on improving the safety of packaged foods, the UV-curable category is expected to show the greatest CAGR of 6.97% from 2024 to 2030.
by Application
Advertising
Apparel & Textile
Decor
Signage
Cad and Technical Printing
In 2023, the Signage segment gained the largest revenue share in the market for large format printers by application. The best marketing tool is signage, which increases demand for large format printers for a range of uses such as retail promotional ads, giant corporate insignia, and interior and outdoor signage for highway and road warning signs. Furthermore, the fastest compound annual growth rate (CAGR) of 6.7% is anticipated in the décor sector between 2024 and 2030. This allows homes and business owners to enhance and customize their environments, brands, and organizations.
by Print Width
17–24”
24–36”
36–44”
44–60”
60–72”
72” and Above
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Large Format Printer Market Key Players:
1. Canon
2. Mimaki Engineering
3. Epson
4. Hewlett-Packard (HP)
5. Ricoh
6. Durst Phototechnik
7. RoLAnd
8. Konica Minolta
9. Xerox
10.HP
11.Agfa-Gevaert
12.Kyocera
13.Electronics for Imaging (EFI)
14.Mutoh
15.Lexmark
16.Arc Document Solutions
17.Swissqprint
18.Seiko Instruments
19.Oki Electric Industry
20.MIMAKI ENGINEERING CO., LTD
21.Konica Minolta, Inc.
22.KYOCERA Corporation
23.Shenyang Sky Air-Ship Digital Printing Equipment Co.,Ltd
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