Overview and Scope
Large format printer refers to a printing device that can print images on huge paper or other media up to 87 inches (91 cm) in width. These are used to accommodate large print formats by using specialized printing equipment for printing posters, maps, large charts, store displays, banners, and others. It is also referred to as wide format printer and is used in a variety of applications including apparel and textiles, décor, and advertising.
Sizing and Forecast
The large format printers market size has grown steadily in recent years. It will grow from $9.41 billion in 2023 to $9.82 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to demand for high-quality printing, expansion of advertising and signage industry, popularity in graphic arts and photography, wide range of substrate compatibility, textile and fabric printing growth.
The large format printers market size is expected to see steady growth in the next few years. It will grow to $11.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to rise in promotional merchandise , energy-efficient printing solutions, increased use in educational materials printing, continuous feed printing systems, global economic recovery.. Major trends in the forecast period include digital printing dominance, direct-to-object printing, 3d printing integration, print automation and workflow solutions, increased print speeds and resolutions, green printing practices,
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Segmentation & Regional Insights
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
4) By Offerings: Printers, RIP Software, After-Sales Services
North America will be the largest region in the large format printer market in 2023. 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
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Major Driver Impacting Market Growth
Rising demand for textiles, advertising, and packaging industries is significantly contributing to the growth of the large format printer market. Large format printers help companies to increase their brands and help in promoting or launching their new products, which in turn helps in reaching many customers. There has been a rapid growth in the use of large format printers in the textile industry, as printing on different forms of textiles is now a completely automated belt-fed transport system. According to the India Brand Equity Foundation (IBEF), by 2029, the Indian textile market is expected to be worth more than $209 billion. India’s home textile exports grew at a healthy rate of 9% in the year 2021. Therefore, the rising demand for textiles, advertising, and packaging industries is driving the growth of large-format printers in the coming years.
Key Industry Players
Major companies operating in the large format printers market report are 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, Samsung Electronics Co. Ltd., LG Electronics Inc., KIP Inc., Dilli Co. Ltd., ColorTrac Group, Neolt S. P. A, CET Color Inc., EFI Inc., Summa NV
The large format printers market report table of contents includes:
1. Executive Summary
2. Large Format Printers Market Characteristics
3. Large Format Printers Market Trends And Strategies
4. Large Format Printers Market – Macro Economic Scenario
5. Global Large Format Printers Market Size and Growth
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26. South America Large Format Printers Market
27. Brazil Large Format Printers Market
28. Middle East Large Format Printers Market
29. Africa Large Format Printers Market
30. Large Format Printers Market Competitive Landscape And Company Profiles
Top Major Players:
- Agfa-Gevaert N. V
- Canon Inc.
- Durst Phototechnik AG
- Seiko Epson Corporation
- Xerox Holdings Corporation
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