Large Format Printer Market size is Projected to Reach $13.70 Billion by 2030 | Registering a CAGR of 4.2%.
Large Format Printer Market: Global Opportunity Analysis and Industry Forecast, 2021–2030
PORTLAND, OREGON, UNITED STATES, September 15, 2023/EINPresswire.com/ — Allied Market Research published a report on the Large Format Printer Market by Offering (Printer, Software, and Service), Printing Technology (Inkjet Printing and Toner Based Printing (Laser Systems)), Print Width (11″ TO 24″, 24″ TO 36”, 34″ TO 44″, 44″ TO 60″, 60″ TO 72″, and Above 72″), Ink Type (Aqueous, Solvent, UV-Curable, Dye Sublimation, Latex, and Others), and Application (Apparels & Textiles, Signage, Advertising, Décor, CAD & Technical Printing, Construction, and Others): 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 $13.70 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030.
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A large format printer is a machine, which enables to print materials between 12 and 100-plus inches and give a good range to create a variety of different promotional materials. These printers are durable and more powerful than traditional office printers. Large format printers are also designed for high-production capacity and offer rapid function compared to other types of professional-grade printers. Large format uses are very practical and their capabilities 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.
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The research report presents a complete judgment of the large format printer market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. Also, these research report provides accurate economic, global, and country-level predictions and analysis, size and share analysis, market dynamics, segmental analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities
Competitive Analysis:
The large format printer industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global large format printer market include,
AGFA-GEVAERT (Belgium)
Canon Inc. (Japan)
Durst Group AG (Italy)
Epson Corporation (Japan)
HP Development Company, L.P. (U.S.)
Konica Minolta (Japan)
Mimaki Engineering (Japan)
Ricoh (Japan)
Roland (U.S.)
FUJIFILM Holdings Corporation (Japan)
Top Impacting Factors
The 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, increasing adoption of large format printer in vehicle wrap and home furnishing applications is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect large format printer industry during the forecast period.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international large format printer market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
1) The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
2) This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
3) Major countries in each region are mapped according to their revenue contribution to the global market.
4) Porter’s five forces analysis illustrates the potency of the buyers and the large format printer market share of key vendors.
5) The report includes major large format printer suppliers along with the company overview, business segments, product portfolio, and key strategic moves and development in the market.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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Allied Analytics LLP
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