| Status : Published | Published On : Jan, 2024 | Report Code : VRSME9095 | Industry : Semiconductor & Electronics | Available Format :
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Page : 250 |
Global Large Format Printer Market – Analysis and Forecast (2025-2030)
Industry Insight by Offering (Printers, RIP Software, and After-Sales Service), By Material (Porous Materials and Non-Porous Materials), By Print Width (11 to 24 inches, 24 to 36 inches, 36 to 44 inches, 44to 60 inches, 60 to 72 inches, and Greater), By Ink Type (Latex, Solvent, Aqueous, UV-Curable and More), By Printing Technology (Inkjet Printing and Laser Printing), By Application (Advertising and Signage, Apparel and Textiles, Technical and CAD Printing, Décor and Constructions and More) and By Geography (North America, Europe, Asia-Pacific, Middle East, and Rest of the World)
Industry Overview
The Global Large Format Printer Market is poised for substantial growth, projected to increase from USD 8.86 billion in 2023 to an estimated USD 12.7 billion by 2030. This represents a notable CAGR of 5.5% during the forecast period spanning from 2025 to 2030.
These large printers are usually more advanced than regular printers. It allows printing on large rolls with widths often ranging from 18 to 100 inches. These are innovative solutions to print matters on a single and large sheet of paper, much unlike traditional printing solutions.
A few common applications of these large printers include printing murals, vehicle wraps, posters, banners, and other displays of larger formats. A lot of businesses use such printers today as a marketing tool to produce large displays to communicate to a larger audience in public events, conferences, seminars, and exhibitions.
There is an increasing demand for these printers in the textile, packaging, and advertising industries resulting in the growth of the larger format printer market.
Market Segmentation
Insight by Offering
The worldwide large format printer market has three categories based on its offerings, such as printers, after-sales service, and RIP software. Out of these, the RIP Software segment is expected to expand significantly since there is a growing demand for integration and automation across industries. This helps them to streamline their operations.
Insight by Material
Porous and non-porous materials are two segments of the global large-format printer market. Out of these, the former has a larger market share in comparison not only because of its intriguing 3D printing but also for printing on a bigger surface area with minimum material requirements. It also provides additional advantages.
Insight by Print Width
The large format market is divided as per print width, such as 11 to 24 inches, 24 to 36 inches, 36 to 44 inches, 44to 60 inches, 60 to 72 inches, and greater than it. Out of all these, the 24 to 36 inches segment has a larger share of the market. This is due to its advanced features like integrated RAM, high speed, wireless capability, mobile compatibility, better ink cartridges, and continual development.
Insight by Ink Type
The printers use different types of inks and therefore have different categories accordingly. These are latex, solvent, aqueous, UV-curable, and more. Out of these, the UV-curable segment dominates the market despite high cost due to its ability to dry fast and UV resilience. It is an environmentally friendly solution that needs less energy and can be used on different rigid surfaces.
Insight by Printing Technology
Inkjet printing and laser printing technology are the two sectors of the large format printer market. However, the inkjet printing market segment is divided into other subheads, such as thermal, electrostatic, crystal-based, and more. This segment will grow pretty fast in the future because it is adopted by more and more industries for CAD printing and other technological printing jobs. Also, the low cost, low maintenance requirement, and manufacturers trying to design products to support larger print layouts result in market growth.
Insight by Application
Depending on the variety of applications, the market is divided into advertising and signage, apparel and textiles, technical and CAD printing, décor and constructions, and more. Out of these, the signage market is expected to grow more than others in the forecast period due to extensive adoption in the marketing and advertising industry.
Global Large Format Printer Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 8.86 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 12.7 Billion |
|
Growth Rate |
5.5% |
|
Segments Covered in the Report |
By Offering, By Material, By Print Width, By Ink Type, By Printing Technolgy and By Application |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Industry Trends
Large format printers play a significant role in enhancing the visibility of a brand and its product or service. It allows advertising through different media such as posters, banners, hoardings, and billboards with vivid and detailed images.
Growth Drivers
The benefits offered by these large printers are the factors that influence their market growth. A few of these benefits include enhanced and vivid images, prominent document display, use of UV-curable inks that boost outdoor advertising, CAD applicability that facilitates prominent packaging labels, availability in different types and price tags, and growing adoption and importance in digital document manufacturing in commercial applications, advertising, and textile industries. A few other significant growth factors are dye-sublimation printability essential for photo booths and photography, quick turnaround time, cost-effectiveness, and diverse printability.
Restraints
The high initial investment and operational costs, extensive growth of digital advertising, and limitations in applicability are a few major challenges. However, the newer models have been successful in overcoming these hindrances to the growth of this market.
Opportunities
However, despite the challenges, the market will grow significantly in the forecast period due to greater adoption in décor, home furnishing, vehicle image wraps, and more. This will result in better product inventions to meet diverse needs. All these will create more openings for the major players in the industry to expand the market.
Geographic Overview
North America dominates the market due to the high demand for such printing works and higher corporate investments. The existence of major players like HP, Xerox, and others, and the use of advanced technologies are the results of such dominance, despite the significant impact of COVID-19.
On the other hand, the Asia-Pacific countries are also expected to grow rapidly in the forecast period. This is due to the thriving economic conditions and growing adoption of larger printing materials in advertising and retail graphics.
Key Players of the Market
Some of the players in the large format printer industry 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.
Recent Development by Key Players
Canon U.S.A., Inc.(a leader in digital imaging and printing solutions) received Buyers Lab (BLI) 2023-2024 Pacesetter Award in Production Print Applications: Color Embellishments Large Format based on comprehensive research which was conducted across the Western European markets and North American. Canon came out as a key solution provider for low to mid-end graphics art PSPs that aimed to diversify their portfolio and meet the unique challenges of this industry.
Konica Minolta Business Solutions U.S.A. installed its AccurioJet KM-1e LED UV Inkjet Press at BPI Media Group (BPI). This commercial printer utilizes wide format, digital, offset and digital roll capabilities to provide online storefronts, design services, POP signage, mailing services and more.
The Large Format Printer Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Offering
- Printers
- RIP Software
- After-Sales Service
- By Material
- Porous Materials
- Non-Porous Material
- By Print Width
- 11" To 24"
- 24 To 36”
- 34" To 44"
- 44" To 60"
- 60" To 72"
- Above 72"
- By Ink Type
- Aqueous
- Solvent
- UV-Curable
- Dye Sublimation
- Latex
- Others
- By Printing Technology
- Inkjet Printing
- Thermal Inkjet Technology
- Electrostatic Inkjet Technology
- Crystal-Based Technology
- Others
- Toner-Based Printing (Laser Systems)
- Inkjet Printing
- By Application
- Apparel and Textile
- Signage
- Advertising
- Décor
- CAD and Technical Printing
- Construction
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Large Format Printer Market