✅ Large Format Printer Market Size, Share, Growth Drivers, Trends, Opportunities To 2028
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The global #largeformatprinter market was valued at USD 8.1 billion in 2023 and is projected to reach USD 10.4 billion by 2028, registering a CAGR of 5.0%
By Ink Type: UV cured ink is projected to grow at the highest CAGR during the forecast period.
The projected growth of UV-cured ink is driven by its environmentally friendly characteristics, rapid drying capabilities, versatility, exceptional durability, vivid color output, adaptability for customization, and continuous technological advancements. Together, these elements synergistically promote the growing adoption of UV-cured ink within the #printing and graphic arts industry.
By Technology: Ink-based technology accounted for the largest market share during the forecast period.
In 2022, the ink-based technology segment dominated the large format printer market, and this prevailing trend is expected to continue in the forecast period. Ink-based technology is experiencing growth in the context of large format #printers because of its versatility, adaptability to diverse applications, reduced waste, and a notably higher growth rate.
By Application: The décor application is projected to grow at the highest CAGR during the forecast period.
The Décor segment is expected to grow at the highest CAGR during the forecast period. The demand for large format printers in decor applications arises from their superior image quality, optimal document size, versatility, and expanding role in home furnishing and decor use cases. Moreover, the rising demand for digitally printed products, including curtains, wall hangings, cushions, and bed covers, is increasing the adoption of large format printers for home decor applications.
The major players in the large format printer market include
HP Development Company, L.P. (US), Canon EMEA Inc. (Japan),
Seiko Epson Corporation (Japan), Brother Industries, Ltd. (Japan),
MIMAKI ENGINEERING CO., LTD. (Japan), Roland DGA Corporation (Japan), Ricoh (Japan), Durst Group AG (Italy), Xerox Corporation (US),
KONICA MINOLTA, INC. (Japan), Agfa-Gevaert S.A. Group (Belgium).
#printingtechnology #digitalprinter #inkjetprinter #printer
Client-Endorsed Marketing & Advertising Executive with a focus on field marketing, retail marketing, QSR, CPG, franchising and e-commerce
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