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 giant format printers market  dimension is estimated to develop by USD 1.17 billion from 2024-2028, in keeping with Technavio. The market is estimated to develop at a CAGR of  2.91%  throughout the forecast interval.  Rising adoption of UV-curable ink is driving market progress, with a pattern in the direction of rising adoption of latex ink. Nevertheless, emergence of digital substitution  poses a problem. Key market gamers embody 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 Business 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 Traits Fueling Progress

The big format printers market is experiencing progress as a result of growing 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 embody avoiding outgassing and eliminating the necessity for air purification or solvent extraction. Nevertheless, excessive vitality consumption on account of pre- and post-print heating is an obstacle. Regardless of this, latex ink’s recognition is anticipated 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 resembling solvent, UV curable, and dye-sublimation are trending. These printers provide excessive decision and huge print sizes, making them very best for producing banners, posters, and different advertising and marketing supplies. Using inkjet know-how in giant format printers is growing, offering quicker print speeds and improved colour accuracy. Moreover, the mixing of software program options for distant printing and administration is a key pattern. Firms are additionally specializing in vitality effectivity and sustainability, with eco-solvent and latex inks gaining recognition. General, the Massive Format Printer market is dynamic and revolutionary, providing companies efficient options for his or her advertising and marketing 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 dropping favor. Time-consuming and dear printing processes for posters, banners, and pamphlets have been changed by quicker and cheaper digital options. The shift in the direction of on-line retailing and promoting additional diminishes the demand for giant format printers. Consequently, the worldwide giant format printers market is anticipated to expertise restrained progress throughout the forecast interval.
• The Massive Format Printer market faces a number of challenges. Print know-how is continually evolving, requiring printers to maintain up with the newest traits and developments. Value is a big problem, as giant format printers could be costly to buy and keep. Moreover, the market is very aggressive, with many corporations providing comparable merchandise. One other problem is the necessity for high-quality prints, as clients demand correct and vibrant colours. Lastly, sustainability is turning into a significant concern, with the trade beneath stress to cut back waste and use eco-friendly supplies. These challenges require printers to be revolutionary, cost-effective, and environmentally acutely aware to stay aggressive out there.

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Phase 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 on account of growing demand for high-quality graphics in promoting and signage industries. Companies are investing in giant format printers to supply eye-catching visuals for billboards, banners, and automobile wraps. These printers provide superior print decision and dimension capabilities, making them important instruments for advertising and marketing campaigns and occasions. Moreover, developments in printer know-how allow quicker manufacturing and improved colour 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 resembling 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, guaranteeing swift drying and vibrant colours. The Promoting trade depends closely on these printers for creating eye-catching Graphics for Commerce festivals, Cellular promoting, and Signage. Dye-sublimation printing is a well-liked approach for transferring designs onto numerous supplies, together with textiles and polyester. Moreover, Massive Format Printers are used for producing Wallpapers, Car photos, and Occasion images prints. These printers cater to numerous industries, providing versatility and adaptability in creating personalized Print supplies for numerous functions. Key applied sciences embody UV-curable inks, Dye sublimation inks, and Inkjet printers, guaranteeing high-quality, long-lasting prints.

Market Analysis Overview

The Massive Format Printers market encompasses printing applied sciences able to producing large-scale graphics, sometimes used for out of doors promoting and inside decor. These printers make the most of numerous applied sciences resembling roll-to-roll and flatbed, with UV and solvent inks. The market is pushed by the rising demand for giant format graphics in numerous industries, together with retail, actual property, and transportation. Moreover, developments in print know-how, resembling larger decision and quicker print speeds, are fueling market progress. The market is segmented by know-how, utility, and end-user. The applying section contains out of doors and indoor promoting, level of sale shows, and inside decor. The tip-user section contains retail, actual property, transportation, and others. The market is anticipated to develop considerably within the coming years as a result of growing recognition of huge format graphics and the continual developments in print know-how.

Desk of Contents:

1 Government Abstract
2 Market Panorama
3 Market Sizing
4 Historic Market Dimension
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 Traits
10 Firm Panorama
11 Firm Evaluation
12 Appendix

About Technavio

Technavio is a number one world know-how analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and supplies 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 reviews and counting, protecting 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising consumer base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions inside altering market situations.

Contacts

Technavio Analysis
Jesse Maida
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SOURCE Technavio