12.01.21
According to a new report on digital printing published by Allied Market Research (AMR), “Large Format Printer Market by Offering, Printing Technology, Print Width, Ink Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global large format printer market size was valued at $9.15 billion in 2020, and is projected to reach $13.7 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030.
A large format printer enables materials to be printed between 12- and 100-plus inches. Large format uses are very practical and expand beyond posters. In addition to paper-based materials, some of these printers are designed to print on vinyl, wood, fabric, wallpaper, coated metal, ceramic, and foam.
In addition, advancements in technology across various components of printers such as ink and ink-level monitoring software have enhanced their efficiency and productivity.
Nowadays, large format printers can help in creating outdoor signs, construction drawings, and blueprints. Some printers can print almost anything as long as the media fits within dimensions of printer hardware itself, therefore, such printers are used in sectors such as advertising, textile, and vehicle wraps.
Prominent factors that impact the large format printer market growth are increasing usage of large format printers in textile and advertising industries, growing popularity of dye-sublimation printing, and increasing adoption of UV-curable inkjet printer. However, high initial investments and operating costs restricts the market growth.
On the contrary, rise in adoption of large format printers in vehicle wraps and home furnishing applications is expected to create lucrative opportunities for the market.
In 2020, the printer segment is projected to grow at a CAGR of 3.7% during the forecast period. The inkjet printing segment accounted for more than 50% of the large format printer market share in 2020. The solvent segment of the large format printer market is projected to grow at a CAGR of 2% during the forecast period.
A large format printer enables materials to be printed between 12- and 100-plus inches. Large format uses are very practical and expand beyond posters. In addition to paper-based materials, some of these printers are designed to print on vinyl, wood, fabric, wallpaper, coated metal, ceramic, and foam.
In addition, advancements in technology across various components of printers such as ink and ink-level monitoring software have enhanced their efficiency and productivity.
Nowadays, large format printers can help in creating outdoor signs, construction drawings, and blueprints. Some printers can print almost anything as long as the media fits within dimensions of printer hardware itself, therefore, such printers are used in sectors such as advertising, textile, and vehicle wraps.
Prominent factors that impact the large format printer market growth are increasing usage of large format printers in textile and advertising industries, growing popularity of dye-sublimation printing, and increasing adoption of UV-curable inkjet printer. However, high initial investments and operating costs restricts the market growth.
On the contrary, rise in adoption of large format printers in vehicle wraps and home furnishing applications is expected to create lucrative opportunities for the market.
In 2020, the printer segment is projected to grow at a CAGR of 3.7% during the forecast period. The inkjet printing segment accounted for more than 50% of the large format printer market share in 2020. The solvent segment of the large format printer market is projected to grow at a CAGR of 2% during the forecast period.