Latest News:- Large Format Printers Market: Aqueous is expected to lead the Technology segment during 2024-2028

Large Format Printers Market to grow at a CAGR of 2.91% during 2024-2028

The Large Format Printers Market is expected to grow at a CAGR of 2.91% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1177.3 million. In the Large Format Printer market, a significant shift is occurring with the adoption of Latex ink as the new standard. HP spearheaded this trend, followed by Ricoh and Mimaki. Latex ink is a water-based polymer that forms a durable bond with the substrate upon heating. Distinguishing features include odorless output, suitable for indoor applications like wallpaper, and a three-year lifespan. Additionally, Latex ink eliminates the need for air purification or solvent extraction, and reduces the issue of material outgassing, making it a cost-effective and eco-friendly solution for large format printing. 

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The Aqueous subsegment is expected to dominate the Technology segment during the forecast period 

Technavio analysts predict that the Aqueous subsegment will lead the Technology segment during 2024 and 2028 The Large Format Printer market exhibits significant growth potential, driven by increasing demand for high-quality graphics and signage applications. Key players in this industry include Canon, HP, and Epson, who continually innovate to meet customer needs. Technological advancements, such as improved print quality and faster production speeds, further boost market expansion. This sector's future looks promising, with continued investment in research and development expected to fuel growth.

Here are the various ways based on which the market is segmented: 

• Technology
  • Aqueous
  • Solvent
  • UV-cured
  • Latex
• Type
  • Ink-based
  • Toner-based
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish growing adoption of uv-curable ink

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Large Format Printers market encompasses a wide range of printing technologies, including dye-sublimation, photo booths, and inkjet printers. Dye-sublimation printing, utilizing dye-sublimation inks, is popular for its ability to transfer images onto various substrates, such as textiles for vehicle wraps and murals. Photo booths, a staple in event photography, use dye-sublimation printing for instant, high-quality prints. In the advertising industry, large format printers employ UV-curable inks and UV curing for quick-drying, vibrant signage, hoardings, and trade fair graphics. Aqueous inkjet printers and laser printing are also used for various applications, including architectural drawings, posters, banners, and rolls. Dye-sublimation and UV-curable inks have revolutionized the advertising industry, enabling high-impact, long-lasting advertising campaigns on various print materials. From car wraps and mobile advertising to wallpapers and murals, large format printers cater to diverse markets and applications.

Market Research Overview

The Large Format Printers market falls under the broader category of the Technology Hardware, Storage, and Peripherals sector. This market encompasses manufacturers of various hardware devices, including cellular phones, personal computers, servers, electronic computer components, printers, and other peripherals. According to Technavio's market analysis, the Technology Hardware, Storage, and Peripherals market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. The market's growth is anticipated to be driven by the increasing demand for data centers. With the COVID-19 pandemic leading to a surge in work-from-home technologies, there is a growing need for cloud services and digitization. Consequently, companies are investing in upgrading their digital infrastructure to adapt to the new business environment and support remote work arrangements.

The Large Format Printers Market is experiencing significant growth, fueled by the growing adoption of uv-curable ink. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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