Wide Format Printers Market Size By Product (Inkjet Printers and Laser Printers), By Application (Residential and Commercial), By Geographic Scope And Forecast
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Wide Format Printers Market Size By Product (Inkjet Printers and Laser Printers), By Application (Residential and Commercial), By Geographic Scope And Forecast
Wide Format Printers Market Size And Forecast
Wide Format Printers Market size was valued at USD 17954.29 Million in 2024, and is estimated to reach USD 28171.63 Million by 2031, registering a CAGR of 6.39% from 2024 to 2031.
The rising applications of such printers in advertising, packaging, and textile industries have boosted the wide format printer market. The Global Wide Format Printers Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Wide Format Printers Market Definition
Wide-format printers are popularly employed since the 1990s to print banners, posters, backdrops for theaters, construction designs, and various other large-format artworks. They support maximum paper roll width ranging between 18″ to 100″. The majority of the wide format printers are based on inkjet printing technology. Wide-format printers utilize aqueous, , , UV, and pen/plotters technologies to transfer ink. Advances in technology across various components of wide format printers such as ink and ink-level monitoring software have enhanced their efficiency and productivity.
Today, wide format printers are capable of more than creating outdoor signs, construction drawings, and blueprints. Some state-of-the-art wide-format printers can print on almost anything, as long as the media fits within the dimensions of the printer hardware itself, and therefore such printers are used in sectors such as advertising, textile, and vehicle wraps.
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Global Wide Format Printers Market Overview
The growth of the wide format printer market is largely dependent on the advertising industry. Wide-format signs and graphics are used as potential tools to direct consumers, capture attention, and generate excitement at the point of sale. The rising applications of such printers in advertising, packaging, and textile industries have boosted the wide format printer market. Furthermore, numerous wide format printer providers have expanded their offerings to penetrate new and emerging market segments like vehicle wrap, home furnishing, and décor applications, therefore providing a promising future for the wide format printer market over the forecast period. However, with the growing popularity of digital advertising media and digital signage the printing market is gradually losing its market share, therefore affecting the growth of a wide format printer market.
Global Wide Format Printers MarketSegmentation Analysis
The Global Wide Format Printers Market is segmented based on Product, Application, and geography.
Wide Format Printers Market, By Product
- Inkjet Printers
- Laser Printers
Based on Product, the market is bifurcated into Inkjet Printers and Laser Printers. Inkjet Printers accounted for the largest market share in 2018 and is projected to grow at a CAGR of 4.54% during the forecast period. Inkjet printers have applications in commercial as well as industrial settings. These printers are the basic type of printers that work on technology which enables the fine spreading of droplets of ionized ink on the paper sheet.
Wide Format Printers Market, By Application
- Residential
- Commercial
On the basis of Application, the Global Wide Format Printers Market has been segmented into Residential and Commercial. Commercial accounted for the largest market share in 2018. Large or wide format printers are used for the advertisements at in-house promotion or firm that focuses on advertising for multiple clients. Companies worldwide advertise their merchandise on banners, posters, signage boards, billboards, and hoardings.
Wide Format Printers Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of regional analysis, the Global Wide Format Printers Market is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share in 2018 followed by Asia-Pacific. North America has emerged as a prominent region for the market with heavy demand for digital printing owing to favorable government regulations and compliance.
Key Players
The “Global Wide Format Printers Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as HP Inc., Canon Inc., Epson, FujiXerox, Agfa-Gevaert, Konica Minolta, and Others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- HP launched two new wide-format printers namely the PageWide XL 5100 and DesignJet T1700 in India
- Canon Europe launched a new line of large-format inkjet printersthe image PROGRAF TX-2000, TX-3000, and TX-4000, and which are made available to the consumers in 24-inch, 36-inch and 44-inch sizes.
- Trigon Imaging Solutions Opens Epson Certified Solution Center in Cincinnati Area.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | HP Inc., Canon Inc., Epson, FujiXerox, Agfa-Gevaert, Konica Minolta, and Others. |
Segments Covered |
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Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Wide Format Printers Market Infographic
Global Wide Format Printers MarketResearch Methodology
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
Customization of the Report
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