Global Market for Large Format Printer is Anticipated to grow at a Significant Pace i.e., USD 11.7 Billion during the Forecast Period 2021-2027

Published Date: Jan, 2022

The large format printer market is expected to witness a 5.5% CAGR during the forecast period. Large format printers are operated to print materials that are too large to be printed on the most commonly available sizes of commercial printing presses. Large format printing necessitates the use of specialized production equipment that can accept print dimensions that are larger than conventional. Banners, posters, trade fair graphics, wallpapers, construction plans, and vehicle images are just a few of the applications for large format printers. The rise in demand for large format printing in industries like textiles, packaging, and advertising, as well as the availability of mobile advertising and printing services that allow consumers to print documents directly from their phones or other wireless devices, are driving the large format printer market. Large and small-medium enterprises utilize large format printers to promote their business in order to attract potential customers in their local area. As a result, the need for large format printers has never decreased, and they are an important part of many businesses marketing strategies. With a direct-to-garment printer that allows for on-demand printing of t-shirts as well as large, unique goods to diversify products and profitability, these printers offer productivity, adaptability, and flexibility. Nevertheless, the increased prominence of dye-sublimation printing will create opportunities in the large format printer market.

Canon has introduced a new product in the large format printing industry in September 2021. PROGRAF GP Series Aqueous Pigment Fluorescent Pink Ink is the world's first Aqueous Pigment Fluorescent Pink Ink designed for high-value-added output and graphics applications.

The COVID-19 pandemic has reduced consumer and corporate spending, stringent lockdowns, disruption in the supply chain, closure of SMEs, declining demand from end-user verticals, resulting in hampering the growth of the large format printer market.

Browse 81 market data Tables and 51 Figures spread through 250 Pages and in-depth TOC on " Large Format Printer Market by Offering (Printers, RIP Software, and After-Sales Service), by Material (Porous Materials and Non-Porous Materials), by Print Width (11" To 24", 24 To 36”, 34" To 44", 44" To 60", 60" To 72", and Above 72"), by Ink Type (Aqueous, Solvent, UV-Curable, Dye Sublimation, Latex, and Others), by Printing Technology (Inkjet Printing (Thermal Inkjet Technology, Electrostatic Inkjet Technology, Crystal-Based Technology, and Others), and Toner-Based Printing (Laser Systems)), by Application (Apparel and Textile, Signage, Advertising, Decor, CAD and Technical Printing, Construction, and Others), and Region - Global Forecast to 2027"

By ink type, the UV curable ink is anticipated to have significant growth during the forecast period.

The growing acceptance of UV curable ink for large format printers in order to print robust images that can be applied to a variety of substrates such as foam board, glass, wood, and cardboard, as well as the prominence of these printers due to features such as large color touchscreens that aid in the configuration of connectivity options in printers are driving the growth of the large format printer market. The usage of these printers, particularly in workplaces with employees who have poor eyesight or lack knowledge of printing technology, is influenced by their ease of understanding and operating, as well as their performance capability to print in the required quantity and withstand extreme environmental conditions without fading.

Global Large Format Printer Market Segmentation Analysis

Segment

Categorization

Leading Category

Offering

Printers, RIP Software, and After-Sales Service

RIP Software (Significant Growth)

Material

Porous Materials and Non-Porous Materials

Porous Materials (Fastest)

Print Width

11" To 24", 24" To 36”, 34" To 44", 44" To 60", 60" To 72", and Above 72"

24 To 36” (Highest)

Ink Type

Aqueous, Solvent, UV-Curable, Dye Sublimation, Latex, and Others

UV-Curable (Largest)

Printing Technology

Inkjet Printing (Thermal Inkjet Technology, Electrostatic Inkjet Technology, Crystal-Based Technology, and Others), and Toner-Based Printing (Laser Systems)

Inkjet Printing (Highest)

Application

Apparel and Textile, Signage, Advertising, Decor, CAD and Technical Printing, Construction, and Others

Signage (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“APAC to have a significant growth during 2021-2027.”

APAC is anticipated to have significant growth during the forecast period owing to the presence of leading providers like Canon, Epson, Mimaki, etc., economic growth and adaptability in emerging economies like China, India, and Japan, Technological advancements to produce better quality printed having enhanced quality will propel the growth in the region. APAC also produces a significant amount of garments and textiles, which is predicted to continue to increase in this region. Large format printers are expected to see significant growth in advertising and signage applications in India, owing to the country's rising economy.

Some of the major players in the global Large Format Printer market include Seiko Epson Corporation, HP Development Company, L.P., Canon Inc., Ricoh USA, Inc., Konica Minolta, Inc., Agfa-Gevaert Group, Xerox Corporation, FUJIFILM Holdings Corporation, MIMAKI ENGINEERING CO., LTD., Oki Electric Industry Co., Ltd.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Offering, Material, Print Width, Ink Type, Printing Technology, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Seiko Epson Corporation, HP Development Company, L.P., Canon Inc., Ricoh USA, Inc., Konica Minolta, Inc., Agfa-Gevaert Group, Xerox Corporation, FUJIFILM Holdings Corporation, MIMAKI ENGINEERING CO., LTD., Oki Electric Industry Co., Ltd.

Global Large Format Printer Market Coverage

Offering Insight and Forecast 2015-2027

  • Printers
  • RIP Software
  • After-Sales Service

Material Insight and Forecast 2015-2027

  • Porous Materials
  • Non-Porous Material

Print Width Insight and Forecast 2015-2027

  • 11" To 24"
  • 24" To 36”
  • 34" To 44"
  • 44" To 60"
  • 60" To 72"
  • Above 72"

Ink Type Insight and Forecast 2015-2027

  • Aqueous
  • Solvent
  • UV-Curable
  • Dye Sublimation
  • Latex
  • Others

Printing Technology Insight and Forecast 2015-2027

  • Inkjet Printing
    • Thermal Inkjet Technology
    • Electrostatic Inkjet Technology
    • Crystal-Based Technology
    • Others
  • Toner-Based Printing (Laser Systems)

Application Insight and Forecast 2015-2027

  • Apparel and Textile
  • Signage
  • Advertising
  • Décor
  • CAD and Technical Printing
  • Construction
  • Others

Geographical Segmentation

Large Format Printer Market by Region

North America

  • By Offering
  • By Material
  • By Print Width
  • By Ink Type
  • By Printing Technology
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Offering
  • By Material
  • By Print Width
  • By Ink Type
  • By Printing Technology
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Offering
  • By Material
  • By Print Width
  • By Ink Type
  • By Printing Technology
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Offering
  • By Material
  • By Print Width
  • By Ink Type
  • By Printing Technology
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries