Large Format Printers Market size is set to grow by USD 1.17 billion from 2024-2028, Growing adoption of UV-curable ink to boost the market growth, Technavio

NEW YORK, June 21, 2024 /PRNewswire/ — The worldwide massive format printers market  measurement is estimated to develop by USD 1.17 billion from 2024-2028, in response to Technavio. The market is estimated to develop at a CAGR of  2.91%  in the course of the forecast interval.  Rising adoption of UV-curable ink is driving market progress, with a development in the direction of rising adoption of latex ink. Nonetheless, emergence of digital substitution  poses a problem. Key market gamers embrace Agfa Gevaert NV, ARC Doc Options Inc., Canon Inc., Durst Group AG, Electronics For Imaging Inc., FUJIFILM Corp., Hewlett Packard Enterprise Co., Konica Minolta Inc., KYOCERA Corp., Lexmark Worldwide Inc., Mimaki Engineering Co. Ltd., MUTOH INDUSTRIES LTD., Oki Electrical Trade Co. Ltd., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson Corp., Shenyang Sky Air Co. Ltd., Sony Group Corp., swissQprint AG, and Xerox Holdings Corp..

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Key Market Developments Fueling Development

The big format printers market is experiencing progress as a result of rising adoption of latex ink. HP, Ricoh, and Mimaki are among the many distributors adopting this water-based polymer know-how. Latex ink is odorless, appropriate for indoor functions, and has a three-year lifespan. Its benefits embrace avoiding outgassing and eliminating the necessity for air purification or solvent extraction. Nonetheless, excessive power consumption as a result of pre- and post-print heating is a drawback. Regardless of this, latex ink’s recognition is predicted to proceed, positively impacting the market’s progress. 

The Massive Format Printer market is experiencing vital progress, pushed by developments in know-how. Printing applied sciences corresponding to solvent, UV curable, and dye-sublimation are trending. These printers supply excessive decision and huge print sizes, making them perfect for producing banners, posters, and different advertising supplies. The usage of inkjet know-how in massive format printers is rising, offering quicker print speeds and improved shade accuracy. Moreover, the combination of software program options for distant printing and administration is a key development. Corporations are additionally specializing in power effectivity and sustainability, with eco-solvent and latex inks gaining recognition. General, the Massive Format Printer market is dynamic and progressive, providing companies efficient options for his or her advertising wants. 

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Market Challenges

• The digital shift is considerably impacting the big format printers market. With the rise of on-line work and promoting, conventional printing strategies are shedding favor. Time-consuming and dear printing processes for posters, banners, and pamphlets have been changed by quicker and more cost effective digital options. The shift in the direction of on-line retailing and promoting additional diminishes the demand for big format printers. In consequence, the worldwide massive format printers market is predicted to expertise restrained progress in the course of the forecast interval.
• The Massive Format Printer market faces a number of challenges. Print know-how is consistently evolving, requiring printers to maintain up with the newest tendencies and developments. Value is a big problem, as massive format printers could be costly to buy and preserve. Moreover, the market is extremely aggressive, with many firms providing comparable merchandise. One other problem is the necessity for high-quality prints, as prospects demand correct and vibrant colours. Lastly, sustainability is turning into a significant concern, with the trade underneath strain to cut back waste and use eco-friendly supplies. These challenges require printers to be progressive, cost-effective, and environmentally acutely aware to stay aggressive out there.

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Section Overview 

This massive format printers market report extensively covers market segmentation by

1. Know-how 

• 1.1 Aqueous
• 1.2 Solvent
• 1.3 UV-cured
• 1.4 Latex

• 2.1 Ink-based
• 2.2 Toner-based

• 3.1 APAC
• 3.2 North America
• 3.3 Europe
• 3.4 South America
• 3.5 Center East and Africa

1.1 Aqueous-  The Massive Format Printer market is experiencing regular progress as a result of rising demand for high-quality graphics in promoting and signage industries. Companies are investing in massive format printers to supply eye-catching visuals for billboards, banners, and car wraps. These printers supply superior print decision and measurement capabilities, making them important instruments for advertising campaigns and occasions. Moreover, developments in printer know-how allow quicker manufacturing and improved shade accuracy, additional enhancing their worth to companies.

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Analysis Evaluation

The Massive Format Printers market encompasses a variety of options designed for producing Rolls, Banners, Posters, Automobile wraps, Murals, and Hoardings. These printers make the most of superior applied sciences corresponding to UV-curable ink, Dye sublimation ink, Laser printing, and Aqueous inkjet printers for delivering high-quality prints. UV curing and UV-curable inks are important parts, making certain swift drying and vibrant colours. The Promoting trade depends closely on these printers for creating eye-catching Graphics for Commerce gala’s, Cellular promoting, and Signage. Dye-sublimation printing is a well-liked method for transferring designs onto varied supplies, together with textiles and polyester. Moreover, Massive Format Printers are used for producing Wallpapers, Automobile photographs, and Occasion pictures prints. These printers cater to numerous industries, providing versatility and suppleness in creating personalized Print supplies for varied functions. Key applied sciences embrace UV-curable inks, Dye sublimation inks, and Inkjet printers, making certain high-quality, long-lasting prints.

Market Analysis Overview

The Massive Format Printers market encompasses printing applied sciences able to producing large-scale graphics, usually used for out of doors promoting and inside decor. These printers make the most of varied applied sciences corresponding to roll-to-roll and flatbed, with UV and solvent inks. The market is pushed by the rising demand for big format graphics in varied industries, together with retail, actual property, and transportation. Moreover, developments in print know-how, corresponding to greater decision and quicker print speeds, are fueling market progress. The market is segmented by know-how, software, and end-user. The appliance section consists of out of doors and indoor promoting, level of sale shows, and inside decor. The top-user section consists of retail, actual property, transportation, and others. The market is predicted to develop considerably within the coming years as a result of rising recognition of enormous format graphics and the continual developments in print know-how.

Desk of Contents:

1 Govt Abstract
2 Market Panorama
3 Market Sizing
4 Historic Market Measurement
5 5 Forces Evaluation
6 Market Segmentation

• Know-how
• Aqueous
• Solvent
• UV-cured
• Latex
• Sort
• Geography
• APAC
• North America
• Europe
• South America
• Center East And Africa

7 Buyer Panorama
8 Geographic Panorama
9 Drivers, Challenges, and Developments
10 Firm Panorama
11 Firm Evaluation
12 Appendix

About Technavio

Technavio is a number one international know-how analysis and advisory firm. Their analysis and evaluation focuses on rising market tendencies and offers actionable insights to assist companies establish market alternatives and develop efficient methods to optimize their market positions.

With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 experiences and counting, overlaying 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising consumer base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to establish alternatives in current and potential markets and assess their aggressive positions inside altering market situations.

Contacts

Technavio Analysis
Jesse Maida
Media & Advertising Govt
US: +1 844 364 1100
UK: +44 203 893 3200
E mail: [email protected]
Web site: www.technavio.com/

SOURCE Technavio