Large Format Printer Market by Offering, Printing Technology, Ink Type, Application, Print Width, Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Large Format Printer Market size was valued at USD 9.24 Bn. in 2023 and the total Insulation revenue is expected to grow by 5.48 % from 2024 to 2030, reaching nearly USD 13.42 Bn.
Large format printer refers to a computer-controlled printing machine which helps in printing roll width ranging from 18" &100". Instead of printing on several sheets of paper, this printer prints on a sizable single sheet. These are used for projects like banners, posters, car wraps, architectural drawings, trade fair graphics, and murals that need for printing at a wider width.
The demand for large format printing really hasn't reduced despite the growth of digital media and advertising. Despite the fact that the COVID-19 pandemic briefly slowed the growth of the printer market due to the financial effects of lockdowns and a shift in resources to the healthcare business, 2023 is poised to signal the beginning of a rebound for the sector. The majority of the growth in the USA is due to key firms like Hewlett-Packard, Electronics for Imaging, Xerox Corporation, Lexmark, and others adopting technology breakthroughs in big format printing. The introduction of quicker inkjet printers with lower operating costs for large format printing has fuelled the desire for use in technical and CAD printing applications, even if laser printing was previously the preferred technique for industries including architecture, engineering, and construction.
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Large Format Printer by Shipment and Shipment Value Share 2023:
The common large format printers shipped are aqueous inkjet printers, so the leaders in the aqueous inkjet printer market like HP, Canon, and Epson-tend to dominate global market share in the large format segment. With 32% of all shipments of large format printers globally, HP Inc. leads the market overall. 22.5% of all large format printer shipments in Q4 2021 were from Canon. Based on the robust performance of the more production-oriented components of the Canon portfolio, its proportion of shipping value increased to 13%. With more than 17.8% of all large format printer shipments globally, Epson kept its third-place ranking.
Large Format Printer Market Research Methodology:
The MMR report on Large Format Printer Market is a comprehensive analysis that covers trends and highlights prevailing in the Large Format Printer Market, helping clients explore the opportunities and formulate strategies in the market. Analysis of key market players and new entrants is provided based on goods and services offered, revenue, financial status, portfolio, growth strategies, and regional presence. Recent developments regarding acquisitions and mergers, and the strategic stance of the companies with information on joint alliances give an accurate picture of the competitive landscape in the Large Format Printer Market. To understand the products and services of the Large Format Printer Market, segment-wise analysis is conducted by type, function and end-use industry equipped with factors affecting the market and current technological changes and innovations adopted. The report also explains in detail the drivers, challenges, restraints and challenges of the Large Format Printer Market. Regional analysis of the market focusing on the local, regional and global levels is provided to prove as a guide for market followers and entrants to develop pricing and marketing strategies.
Large Format Printer Market Dynamics:
The MMR report covers all the trends and technologies playing a major role in the growth of the Large Format Printer market over the forecast period. It highlights the drivers, restraints, and opportunities expected to impact the market growth during 2024-2030.
An Increase in The Use Of UV-Curable Ink:
Utilizing powerful UV light, UV curing delivers effective ink curing. The benefits of moderate heat generation, quick drying, and great outdoor durability of UV-curable inks can all be credited for the increase in adoption rate. Owing to the benefits of UV-curable inks, productivity was increased while ink usage and operating expenses were decreased. Numerous sectors are adopting UV-curable inkjet printers due to the numerous advantages UV inks offer.
Rapid Technical Advancement
Large format printers have evolved as a result of printer technology developments in a number of ways. Making a high-quality print in a short amount of time is one of these factors. The need for quicker turnaround times among end customers is growing, which has propelled industry participants to create printers with high print speeds. Additionally, numerous printers now print without the need for user intervention, which speeds up the printing process overall. For the organisation to continue growing and to attract new customers, constant technological developments are essential. Many businesses are working harder than ever to produce sophisticated printers. For instance, HP Inc. announced the introduction of the HP PageWide XL and HP DesignJet family of Large Format Printer in September 2021. These printers include quick media handling and an automatic roll feed, including the HP DesignJet Z6 Pro and Z9+ Pro. Additionally, the HP DesignJet Z9+ Pro lets customers to create print designs 46% faster on canvas and 18% faster on satin picture media. As a result, the market is growing as fast printers become more widely available.
Growing Demands Across Industries:
For internal marketing purposes or for an advertising agency with various clients, outdoor advertisements are printed on large/wide-format printers. Many companies throughout the world utilise large format printers to produce vibrant, eye-catching graphics for advertising banners, posters, signage boards, billboards, and hoardings. Banners and billboards need to have high-quality graphics that are clear and detailed in order to attract customers' attention and keep it. Marketers employ large format printers to produce visually stunning campaigns, such as posters and banner advertisements, for use in workplaces and public spaces.
Large Format Printers Demand a Significant Initial Expenditure:
Installing and maintaining large format printers requires a considerable upfront investment. A number of printing materials are required for large-format printing. Large format printers also use a lot of electricity annually. Large format printers' high operating expenses are mostly a result of their sophisticated design and expensive ink.
The Large Format Printer are now available from tier 1 manufacturers at competitive prices, but the high maintenance and operating expenses continue to be the main causes for worry. The advertising sector, which uses huge format printers extensively, is currently shifting its focus from conventional printers to super-wide format printers, which have substantial related costs.
Large Format Printer Market Segment Analysis:
Based on Ink Type, Solvent Ink dominated the global Large Format Printer market with a revenue share of more than 32.55% in 2023. This growth is attributed to its ability to adhere to non-absorbent materials. However, the UV-curable category is anticipated to exhibit the highest CAGR of 6.97% from 2024 to 2030 because of shifting environmental legislation, rising awareness, and a greater emphasis on enhancing the safety of packaged foods.
By Application, in 2023, the Signage segment acquired the highest revenue share in the Large Format Printer market. The greatest marketing tool is signage, which drives demand for large format printers for a variety of applications including indoor and outdoor signage for warning signs on roads and highways, large corporate insignia, and retail promotional advertisements. Additionally, the décor industry is expected to experience the fastest CAGR of 6.7% between 2024 and 2030. This is so that company owners and homeowners can improve and personalize their establishments, spaces, and brands.
Regional Analysis:
One of the most significant markets in the world for large format printers is the Asia Pacific. The major global share contributors from the region are China, India, and Japan. Additionally, it is expected that over the forecast period, the region will expand the fastest. The COVID-19 epidemic had a significant negative influence on the regional economies. In 2020, marketplaces were shut down entirely for many months, which resulted in significant changes in how consumers interacted with brands and products in the retail, automobile, and BFSI sectors, among others.
The development of digital commerce was another factor. The India Brand Equity Foundation estimates that the country's e-commerce market had a value of USD 47.2 billion in 2021 and will increase to USD 111.40 billion by 2025. As a result, it is projected that the region's market for big format printers will see some growth challenges due to the expanding digitalization across key countries in the Asia-Pacific region.
Top Vendors in The Global Large Format Printers Market:
| Company | Description |
| Canon | Canon manufactures and sells office MFDs, plain paper copying machines, inkjet printers, cameras, laser printers, and lithography equipment. Through independent distributors, it primarily sells goods to retailers and dealers under the Canon brand name. The business has invested extensively in product development operations and has a solid R&D foundation. |
| HP | HP provides computers, equipment for photography and printing, networking equipment, business server and storage technology, as well as multi-vendor customer support. Enterprise Group, printing, and personal systems are how the business makes money. |
| EPSON | Electronics, printers, and precision goods are all products that EPSON develops, produces, and sells. The business makes money in the sectors of sensing and industrial solutions, devices and precision products, information-related equipment, and LFP. |
In terms of unit shipments, the top four manufacturers of large format printers in the world are Canon, EPSON, Roland, and Mimaki, which together control more than 82.56% of the market. Vendors in the market are heavily investing in R&D to develop specialised and application-specific printers to meet the requirements involving various levels of complexity from the end-user sectors. Vendors in this market are concentrating on the development of big format printers with a balance between quality and affordability in order to enhance penetration in emerging economies.
The large format printer sector has seen a rise in product developments as a major trend. To obtain a competitive advantage, major businesses in the large format printer market are concentrating on product breakthroughs. Such as, Roland DGA introduced its third-generation inkjets in March 2022. TrueVIS's large-format printer/cutters from the VG3 and SG3 series. Both printers/cutters can be used for many different things, such as heat transfer clothing, window graphics, labels, decals, floor graphics, and vehicle graphics. These printers not only enable users to optimize output, but also provide precise colour targeting, dynamic ink combinations, and unmatched print-and-cut precision.
Large Format Printer Market Scope: Inquire before buying
| Large Format Printer Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 9.24 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 5.48% | Market Size in 2030: | US $ 13.42 Bn. |
| Segments Covered: | by Offering | Printers RIP Software After-Sales Services |
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| by Printing Technology | Toner-Based (Laser) Printers Ink-Based (Inkjet) Printers |
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| by Ink Type | Solvent Ink Aqueous Ink UV-Cured Ink Dye Sublimation Ink Latex Ink |
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| by Application | Advertising Apparel & Textile Decor Signage Cad and Technical Printing |
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| by Print Width | 17–24” 24–36” 36–44” 44–60” 60–72” 72” and Above |
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Large Format Printer Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Large Format Printer 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
Frequently Asked Questions:
1] What segments are covered in the Global Large Format Printer Market report?
Ans. The segments covered in the Large Format Printer Market report are based on Offering, Printing Technology, Ink Type, Application, Print Width
2] Which region is expected to hold the highest share in the Global Large Format Printer Market?
Ans. APAC region is expected to hold the highest share in the Large Format Printer Market.
3] What is the market size of the Global Large Format Printer Market by 2030?
Ans. The market size of the Large Format Printer Market by 2030 is expected to reach USD 13.42 Bn.
4] What is the forecast period for the Global Large Format Printer Market?
Ans. The forecast period for the Large Format Printer Market is 2024-2030.
5] What was the market size of the Global Large Format Printer Market in 2023?
Ans. The market size of the Large Format Printer Market in 2023 was valued at USD 9.24 Bn.