Global Wide Format Printer Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Wide Format Printer Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Large-format printers are printers whose printing width exceeds A2 (42 cm). The large-format printer breaks through the bottleneck of digital printing technology, and realizes a true one-page printing, no need for plate making, and full-color image completion at one time. It is a replacement product for traditional printing machines.

Market Overview:

The latest research study on the global Wide Format Printer market finds that the global Wide Format Printer market reached a value of USD 6846.96 million in 2023. It’s expected that the market will achieve USD 9390.12 million by 2029, exhibiting a CAGR of 5.41% during the forecast period.

The impact of the new coronavirus epidemic on the global large-format printer industry

Affected by the outbreak of the new coronavirus pneumonia in January 2020, the resumption of work of large-format printers around the world was delayed, and some employees were unable to arrive on time due to control requirements. Due to the delay in the resumption of work, upstream and downstream companies have lower operating rates compared with the same period in previous years; The COVID-19 epidemic is spreading rapidly overseas, and many countries and regions have adopted control measures such as suspending work and production, closing cities and countries, etc. to limit the spread of the epidemic. The above situation has had a certain impact on the procurement, production and sales activities of the large-format printer industry.

At the same time, the epidemic has caused a certain impact on the upstream industry of printers, and PCB circuit boards are facing the risk of transferring orders. PCB is widely used in consumer electronics and other industries. As long as there are circuits, PCB is basically required to be used, so it is called It is the mother of electronic products . However, there is a characteristic in the PCB industry. Due to the high degree of product customization, there are many participants and the industry integration is very low. As production and delivery times have been affected and customers have greater concerns about the safety and security of orders, compared with previous years, domestic and foreign market orders have shown a clear downward trend during the epidemic. Many customers have chosen to transfer orders to countries not affected by the epidemic. Carry out processing and production.

Therefore, most suppliers of large-format printers have been affected by the epidemic, and upstream companies have delayed their resumption of work, which has had a certain impact on the global supply of raw materials for large-format printers. However, as the epidemic has been effectively controlled, companies have fully resumed work and production. At present, the procurement of raw materials for large-format printers has returned to normal, which can meet the production and operation needs of the industry. With the global epidemic under effective control, large-format printers and related upstream and downstream companies have resumed work and production. Sales activity has now largely returned to normal.

The international political and economic situation is complex and ever-changing, and the stability of the supply chain and exchange rate remains to be seen.

Since January 2020, the epidemic has spread in more than 160 countries and regions in Asia, Europe, and North America. Due to the multiple mutations of the virus strain, it has not yet ended, hindering the recovery of the global economy and causing shortages of electronic components and other materials. . Even in the post-epidemic era of 2022, global economic recovery is highly uncertain, with recurring epidemics, geopolitical conflicts, confrontation and decoupling among major economies, and tensions in the high-tech sector. Against this background, if trade frictions escalate or geopolitical conflicts intensify, it will bring certain risks to the supply chain security and operations of large-format printers.

Higher initial investment and operating costs

Large format printers require a high initial investment to install and maintain. Large format printing also involves the use of a variety of printing materials. In addition, large format printers consume a lot of electricity every year. The design complexity and high ink costs of these printers are the main reasons for the high operating costs of large format printers. Although tier one manufacturers now offer large format printers at low prices, their high maintenance and operating costs are a major concern. Companies in the advertising industry, which are major end-users of large format printers, are currently shifting their focus from traditional printers to ultrawide printers due to the high costs associated with ultrawide printers. Hence, the requirement of initial investment is expected to hamper the growth of the large format printer market.

Region Overview:

Asia-Pacific has the highest growth rate of any region.

Company Overview:

Canon is one of the major players in the wide format printer market with a 26.77% share in 2023.

Since its establishment in 1937, Canon has always adhered to the corporate philosophy of symbiosis , aiming to create world-class products, and developing towards diversification and globalization. At present, Canon's business focuses on optical technology, covering printing business, imaging business, medical business and industrial and other businesses. The group headquarters in Tokyo is closely connected with the regional headquarters in the Americas, Europe, Asia and Oceania, building a business system that organically combines globalization and localization.

Epson is a global technology leader, headquartered in Japan, with global annual sales exceeding 1 trillion yen. Through original saving, small and precise technology and digital technology , Epson is committed to jointly creating a sustainable society that interconnects people, things and information, making the world a more harmonious and beautiful place. Continuously innovating in the fields of office and home printing, commercial and industrial printing, manufacturing, visual, lifestyle and other fields, Epson strives to achieve negative carbon emissions and zero consumption of underground resources by 2050 (eliminating the use of depletable underground resources such as oil and metals) .

Segmentation Overview:

Among different product types, the inkjet printer segment is expected to contribute the largest market share in 2028.

Application Overview:

From the perspective of application, the digital proofing segment will occupy the largest share from 2018 to 2022.

Key Companies in the global Wide Format Printer market covered in Chapter 3:

Roland DG Corporation
Epson
Mimaki
Durst
Mutoh
Ricoh
Agfa Graphics
Jingtu
Canon
HP
Electronics for Imaging
God of color

In Chapter 4 and Chapter 14.2, on the basis of types, the Wide Format Printer market from 2019 to 2030 is primarily split into:

Inkjet Printer
Laser Printer

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wide Format Printer market from 2019 to 2030 covers:

Apparel and Textile
Advertising
CAD and Technical Printing
Signage
Decor
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)