Large Format Printers Market – 76% of Growth to Originate from APAC | Driven by Growing Adoption of UV-curable Ink | Technavio
NEW YORK, May 20, 2022 /PRNewswire/ — The Large format printers market size is set to grow by USD 331.91 million from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 1% according to the latest market report by Technavio. 76% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for large format printers market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The presence of major laser printer manufacturers will facilitate the large format printer market growth in APAC over the forecast period.
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Large Format Printers Market 2021-2025: Scope
Our large format printers market report covers the following areas:
- Large Format Printers Market size
- Large Format Printers Market trends
- Large Format Printers Market industry analysis
Large Format Printers Market 2021-2025: Vendor Analysis
The large format printers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Agfa-Gevaert NV, Canon Inc., FUJIFILM Holdings Corp., HP Inc., Kyocera Corp., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson Corp., Sony Corp., and Xerox Corp. are some of the major market participants.
- Canon Inc. – The company offers large format printers such as PlotWave 7500 printers with scanner express IV scanning unit and others.
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Large Format Printers Market 2021-2025: Drivers & Challenges
The primary growth driver for this market is the rise in the adoption of UV-curable ink. UV curing offers efficient curing of inks using high-intensity UV light. The growth in the adoption rate can be attributed to advantages such as slow heat generation, a faster curing process, and the high durability of the UV-curable inks in outdoor conditions. These advantages of UV-curable inks resulted in high productivity and reduced ink consumption and operational costs. Considering different benefits offered by UV inks, multiple industries are adopting UV-curable inkjet printers.
However, the emergence of digital substitution will be a major challenge for the large format printers market during the forecast period. As of 2019, most of the work is done online, which was earlier done with the help of the printers. Posters and banners have become digitized. This substitution is happening because it is less time-consuming, low cost, and fast. In addition, with the increased market of online retailing and advertising, the printing market is losing its share. Earlier, advertisers used to spend on printing pamphlets, paper ads, posters, and banners, but currently, most of the advertisement is done through the television or projectors that are used instead of banners or posters, which will hinder the adoption of LFPs.
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Large Format Printers Market 2021-2025: Segmentation & Revenue Generating Segment
- North America
- South America
The large format printers market share growth by the aqueous segment will be significant for revenue generation. Aqueous large formant printer uses water-based ink for printing. Several buyers are shifting toward aqueous ink LFPs from solvent ink LFPs to reduce the environmental hazards caused by solvents. Aqueous ink LFPs offer high standards of print quality with better efficiency compared with solvent inks.
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The competitive scenario provided in the Large Format Printers Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don’t wait, Make a strategic approach & boost your business goals with our Large Format Printers Market Forecast Report – Buy Now!
Large Format Printers Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist large format printers’ market growth during the next five years
- Estimation of the large format printers market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the large format printers market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of large format printers market vendors
- The predicted growth for the 3D printing materials market share from 2021 to 2026 is USD 3.18 billion at a progressing CAGR of 21.07%. Download a sample now!
- The computer integrated manufacturing market share is expected to increase by USD 8.72 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.93%. Download a sample now!
Large Format Printers Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 1%
Market growth 2021-2025
USD 331.91 million
YoY growth (%)
Performing market contribution
APAC at 76%
Leading companies, competitive strategies, consumer engagement scope
Agfa-Gevaert NV, Canon Inc., FUJIFILM Holdings Corp., HP Inc., Kyocera Corp., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson Corp., Sony Corp., and Xerox Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Aqueous – Market size and forecast 2020-2025
- Solvent – Market size and forecast 2020-2025
- UV-cured – Market size and forecast 2020-2025
- Latex – Market size and forecast 2020-2025
- Market opportunity by Technology
- Customer landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2020-2025
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Agfa-Gevaert NV
- Canon Inc.
- FUJIFILM Holdings Corp.
- HP Inc.
- Kyocera Corp.
- Ricoh Co. Ltd.
- Roland DGA Corp.
- Seiko Epson Corp.
- Sony Corp.
- Xerox Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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