Large Format Printers Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43001
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The large format printers market share is expected to increase by USD 331.91 million from 2020 to 2025, at a CAGR of 1%.

This large format printers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers large format printers market segmentation by technology (aqueous, solvent, UV-cured, and latex) and geography (APAC, North America, Europe, South America, and MEA). The large format printers market report also offers information on several market vendors, including 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. among others.

What will the Large Format Printers Market Size be During the Forecast Period?

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Large Format Printers Market: Key Drivers, Trends, and Challenges

The growing adoption of UV-curable ink is notably driving the large format printers market growth, although factors such as the emergence of digital substitution may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the large format printers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Large Format Printers Market Driver

One of the primary growth drivers 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.

Key Large Format Printers Market Trend

The rising adoption of latex ink is another factor supporting the large format printers market share growth. HP was the first vendor to launch it in the market. Ricoh and Mimaki have also started adopting it. The latex ink is a water-based polymer that is bonded to the substrate by heat. Latex ink does not need air purification or solvent extraction. The output of the latex paint is odorless, which makes it suitable for indoor applications like wallpaper. Another advantage is outgassing, wherein the release of gas that was absorbed or trapped in the material can be avoided. The disadvantage of latex printers is pre-and post-print heating to cure the media, which leads to high energy consumption when compared with other inkjet technologies. Due to the high temperature, there are chances of damage to some substrates. Latex ink is a new ink and has a high chance to gain popularity in the market due to the advantages mentioned above.

Key Large Format Printers Market Challenge

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

This large format printers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global large format printers market as a part of the global IT spending market.  Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the large format printers market during the forecast period.

Who are the Major Large Format Printers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.

 

This statistical study of the large format printers market encompasses successful business strategies deployed by the key vendors. The large format printers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Canon Inc. - The company offers large format printers such as PlotWave 7500 printers with scanner express IV scanning unit and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The large format printers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Large Format Printers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the large format printers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the large format printers market includes the following core components:

  • Research and development
  • Developers or manufacturers
  • Sales and distribution
  • End-users

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Large Format Printers Market?

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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 printers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Large Format Printers Market?

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The large format printers market share growth by the aqueous segment will be significant during the forecast period. 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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the large format printers market size and actionable market insights on post COVID-19 impact on each segment.

 

Large Format Printers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 1%

Market growth 2021-2025

$ 331.91 million

Market structure

Fragmented

YoY growth (%)

1.88

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 76%

Key consumer countries

US, China, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Large Format Printers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive large format printers market growth during the next five years
  • Precise estimation of the large format printers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the large format printers industry across APAC, North America, Europe, South America, and MEA
  • A thorough 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

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • 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

    • Customer landscape

    Geographic 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

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The large format printers market growth will increase by $352.65 million during 2019-2024.
    The large format printers market is expected to grow at a CAGR of 1.44% during 2019-2024.
    Technavio has segmented the large format printers market by technology (Aqueous, Solvent, UV-cured, and Latex) ,application (Semiconductors, Life sciences, Material sciences, and Nanotechnology) , and geographic (APAC, North America, Europe, and South America).
    Agfa-Gevaert NV, Canon Inc., FUJIFILM Holdings Corp., HP Inc., Kyocera Corp., Ricoh Co. Ltd., Roland DG Corp., Seiko Epson Corp., Sony Corp., Xerox Corp. are a few of the key vendors in the large format printers market.
    APAC will register the highest growth rate of 76.74% among the other regions. Therefore, the large format printers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • Japan
    • Germany
    • South Korea (Republic of Korea)
    The key factors driving the large format printers market growth are:
    • Growing adoption of UV-curable ink
    • Adoption of latex ink
    The large format printers market vendors should focus on grabbing business opportunities from the aqueous segment as it accounted for the largest market share in the base year.
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