Large Format Printer Market by Offering, Connectivity, Printing Material (Porous, Non-porous), Technology (Ink-based, Toner-based), Print Width, Ink Type, Application (Apparel & Textile, Signage & Advertising, Decor) and Region – Forecast to 2028
The global large format printer market size is projected to grow from USD 8.1 billion in 2023 to USD 10.4 billion by 2028; it is expected to grow at a CAGR of 5.0% from 2023 to 2028. The printing sector has experienced notable technological progress, leading to diverse printing choices. Digital printing, in particular, has gained popularity for its capacity to swiftly and effectively generate high-quality prints.
Large Format Printer Market Forecast to 2028
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Large Format Printer Market Dynamics
Driver: Increasing demand for large format printers in Textiles, E-commerce, and Retail
Large format printers empower textiles, e-commerce, and retail businesses to provide customized visuals and branding across various materials, from apparel and packaging to in-store presentations. This degree of customization resonates with consumers and differentiates businesses in a competitive market. Large format prints possess substantial visual influence. Within the retail and e-commerce sectors, captivating packaging, displays, and signs are necessary for drawing in customers and boosting sales. Large format prints empower businesses to craft attractive visuals that make a memorable mark. Companies in the textile industry use large format printers to print small designs onto garments such as T-shirts, dresses, and promotional wear. Within the e-commerce industry, online shopping heavily relies on visual elements. Large format prints play a crucial role in crafting attractive product listings, dynamic website banners, and engaging social media campaigns, all of which gain attraction for online shoppers, ultimately leading to higher conversion rates.
Restraint: High costs associated with initial investments and operations
Although the manufacturers are now offering large format printers at low prices, their high maintenance and operational costs are the major points of concern. The companies in the advertising sector, major end-users of large format printers, are shifting their focus from traditional printers to super-wide format printers in case the associated costs are high. Thus, the requirement for initial investment is expected to hamper the growth of the large format printer market size . Moreover, large format printers typically utilize specially formulated inks and consumables to provide durability, UV resistance, and precise color accuracy. These specialized ink solutions often come at a premium price compared to the inks used in smaller printers, which increases the overall operation cost.
Opportunity: Increasing demand for large format printers in the in-plant market
There is a high demand for printing posters, signage, and wall wraps from in-plant customers, and large format printers are used to fulfill these requirements. The rising need for large format printers in in-plant operations highlights the importance of having adaptable, budget-friendly, and versatile printing options readily accessible within a company. This pattern will persist as technology advances and organizations emphasize efficiency, customization, and cost-effective printing alternatives.
Challenge: Growing popularity of digital advertising media
The growing popularity of digital media is expected to lower the demand for large format printers in specific categories, such as directories and advertisements. Digital signage is used for various applications, such as providing public information, displaying a menu, advertising and brand building, influencing customer behavior, enhancing customer experience, and improving the ambiance. Advertising using large format printers incurs high costs and allows static information display only; all these factors pose a challenge for the players operating in the large format printer market share.
Large Format Printer Market Ecosystem
The prominent players in the large format printer market size are HP Development Company, L.P. (US), Canon Inc. (Japan), Seiko Epson Corporation (Japan), Brother Industries, Ltd. (Japan), MIMAKI ENGINEERING CO., LTD. (Japan). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.
Wired connectivity accounted for the larger market share during the forecast period.
The forecasted period is expected to grow significantly in the wired connectivity segment, primarily driven by industry demand. The preference for wired connectivity over wireless is due to its advantages in large format printing, which offers a more convenient and reliable printing experience. Wired printers are the preferred choice for extensive volume printing, as they mitigate the risk of data loss during transfer with wireless alternatives.
Porous printing material to account for the larger market share during the forecast period.
The utilization of porous materials as a printing base in large format printers is on the rise, driven by technological innovations like additive manufacturing and 3D printing. Porous printing material boasts a lightweight characteristic, rendering it suitable for applications that prioritize weight considerations, such as in constructing drones and other lightweight structures. Furthermore, incorporating multiscale, multifunctional porous materials plays a significant role in bolstering the expansion of the porous materials market within the large format printer industry.
Decor application is expected to grow at the highest rate from 2023 to 2028.
The decor segment is anticipated to exhibit the highest CAGR during the forecast period. Large format printers provide the necessary document size and enhanced image clarity for efficient printing on various media, making them perfect for producing high-quality images and graphic presentations.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
Asia Pacific is witnessing a surge in demand for large format printers due to factors like developing economies, rising textile and apparel needs, substantial growth in graphic design, advertising, and signage sectors, and a conducive environment for product manufacturers. The significant presence of major regional laser printer manufacturers primarily drives Asia Pacific’s market leadership. This intense industry competition has decreased the average selling price of laser printers in Asia Pacific, thereby supporting market expansion. Additionally, the potential for growth in the textile industry and the increasing popularity of direct-to-fabric printers are expected to further contribute to the market’s growth.
Large Format Printer Market by Region
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Top Large Format Printer Companies - Key Market Players:
The major players in the large format printer companies include HP Development Company, L.P. (US), Canon 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 Group (Belgium). These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the industry.
Large Format Printer Market Report Scope
Report Metric |
Details |
Estimated Market Size | USD 8.1 billion in 2023 |
Projected Market Size | USD 10.4 billion by 2028 |
Growth Rate | CAGR of 5.0% |
Market Size Availability for Years |
2019–2028 |
Base Year |
2022 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD) |
Segments Covered |
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Geographies Covered |
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Companies Covered |
HP Development Company, L.P. (US), Canon 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 Group (Belgium), Electronics For Imaging, Inc. (US), KYOCERA Corporation (Japan), Lexmark International, Inc. (US), FUJIFILM Holdings Corporation (Japan), ARC Document Solutions, LLC (US), Dilli (South Korea), Mutoh (Belgium), swissQprint AG (Switzerland), Shenyang Sky Air-Ship Digital Printing Equipment Co.,Ltd (China), Oki Electric Industry Co., Ltd. (Japan), SOMA TECH INTL (US), Floraprinter (China), Dover Corporation (US), Shenzhen Sanyi Technology Co., Ltd. (China) |
Large Format Printer Market Highlights
This research report categorizes the Large Format Printer Market size based on offering, technology, ink type, printing material, print width, connectivity, application, and region.
Segment |
Subsegment |
By Offering |
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By Technology |
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By Ink Type |
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By Printing Material |
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By Print Width |
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By Connectivity |
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By Application |
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By Region |
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Recent Developments in large format printer Industry
- In May 2023, HP Development Company, L.P. developed the HP Latex R2000 Plus Printer, a versatile hybrid printer suitable for rigid and flexible materials. The printer will showcase applications, including thermoforming samples, short-run packaging, and signage on various media.
- In February 2023, MIMAKI ENGINEERING C0., LTD. developed the TxF150-75, an inkjet printer capable of producing DTF print transfer sheets with a maximum printing width of 80 cm.
- In January 2023, Canon Inc. introduced the imagePROGRAF TC-20 to consumerize 24-inch large-format printing. This printer is tailored for compact spaces like home offices, small offices, schools, and temporary workspaces.
- In January 2023, Seiko Epson Corporation introduced the 44-inch SureColor F6470 and SureColor F6470H dye-sublimation printers. These printers are engineered to enhance productivity, swiftly delivering top-quality images suitable for various applications, including promotional products, apparel, home décor, soft signage, and more.
Frequently Asked Questions (FAQs):
What is the current size of the Global Large Format Printer Market?
The large format printer market is projected to grow from USD 8.1 billion in 2023 to USD 10.4 billion by 2028; it is expected to grow at a CAGR of 5.0% from 2023 to 2028.
Who are the winners in the Global Large Format Printer Market?
Companies such as HP Development Company, L.P. (US), Canon Inc. (Japan), Seiko Epson Corporation (Japan), Brother Industries, Ltd. (Japan), MIMAKI ENGINEERING CO., LTD. (Japan).
Which region is expected to hold the highest market share?
Asia Pacific is expected to dominate the large format printer market during the forecast period. There is a growing demand for apparel and textile applications, and the region holds a strong base of textile manufacturers and the increasing popularity of direct-to-fabric printers in the region.
What are the major drivers and opportunities for the large format printer market?
The surge in global demand for Increasing demand for large format printers in Textiles, E-commerce, and Retail. The surge in outdoor advertising boosting the large format printer market, Growing adoption of large format printers in home furnishing, decor, and vehicle wrap applications, and Increasing demand for large format printers in the in-plant market are some of the major drivers and opportunities related to the large format printer market.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and partnerships to strengthen their position in the large format printer market.
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The study involved four major activities in estimating the size of the large format printer market. Exhaustive secondary research has been conducted to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.
Secondary Research:
Revenues of companies offering large format printers have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.
Secondary research has been conducted mainly to obtain critical information about the market’s value chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from demand- and technology-oriented perspectives. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
Primary Research:
Extensive primary research has been conducted after understanding and analyzing the current scenario of the large format printer market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: North America, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.
After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:
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Market Size Estimation
The bottom-up procedure has been employed to arrive at the overall size of the Large Format Printer Market.
- Identifying applications that use or are expected to use large format printers.
- Analyzing major providers of large format printers and original equipment manufacturers (OEMs), studying their portfolios, and understanding different technologies used.
- Analyzing historical and current data pertaining to the market, in terms of volume, for each large format printer market technology.
- Analyzing the average selling price of large format printers based on different technologies used in different products.
- Arriving at the market estimates by analyzing companies' revenue and combining these figures to determine the market size.
- Studying paid and unpaid sources, such as annual reports, press releases, white papers, and databases, to gather the required information.
- Tracking the ongoing developments and identifying the upcoming ones in the market that include investments, research and development activities, product launches, collaborations, and partnerships undertaken, as well as forecasting the market based on these developments and other critical parameters.
- Carrying out multiple discussions with the key opinion leaders to understand the large format printer technologies and related raw materials, as well as products designed and developed to analyze the break-up of the scope of work carried out by the key companies' manufacturing panels.
- Verifying and cross-checking the estimate at every level through discussions with key opinion leaders such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts in MarketsandMarkets
The top-down approach has been used to estimate and validate the total size of the Large Format Printer Market.
- Focusing initially on the investments and expenditures being made in the ecosystems of various applications
- Calculating the market size considering revenues generated by major players through the cost of the large format printers.
- Segmenting each application of large format printer in each region and deriving the global market size based on region.
- Acquiring and analyzing information related to revenues generated by players through their key offerings.
- Conducting multiple on-field discussions with key opinion leaders in developing various large format printer offerings.
- Estimating the geographic split using secondary sources based on multiple factors, such as the number of players in a specific country and region and the types of large format printers technology used in apparel & and textiles, signage & and advertising, décor, CAD & technical printing.
Data Triangulation
After arriving at the overall size of the large format printer market through the process explained, the total market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. The market has also been validated using the top-down and bottom-up approaches.
Market Definition
Large format printing (LFP), also known as wide-format printing, is basically a type of printing done using wide/large format printers for printing documents that range from 17 inches to 72 inches in width. Printers that print over 72 inches are called super-wide or grand format printers. Images to be printed in a large format must have a resolution of 150 dots per inch (DPI) or more due to the size of the end product. Inkjet technology is more commonly used in wide-format printers than other technologies such as laser or dot matrix because of its lower initial cost, higher quality, and fine prints. The large format printer market is mainly consolidated with big players; however, the market for materials is fragmented.
Key Stakeholders
- Large format printer material and component suppliers
- Manufacturing Equipment Suppliers
- System Integrators
- Technology/IP Developers
- End users of printers, such as printing service providers and presses
- Investors (private equity, venture capital, and others)
- Original equipment manufacturers (OEMs)
- Large format printer and Material-related Associations, Organizations, Forums, and Alliances
- Venture Capitalists and Startups
- Research institutes and organizations
- Market research and consulting firms
- Distributors and Resellers
Report Objectives
- To define, describe, and forecast the large format printer market size by offering, connectivity, print width, printing material, ink type, and application in terms of value
- To describe and forecast the market size for the technology of large format printer market, in terms of value and volume
- To estimate and forecast the market size, in terms of value, for various segments across four regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To provide a detailed overview of the value chain pertaining to the large format printer ecosystem, along with the average selling prices of different types of large format printer
- To strategically analyze the ecosystem, Porter’s five forces, technology analysis, tariffs and regulations, patent analysis, trade analysis, key conferences and events, and case studies pertaining to the market under study
- To analyze the manufacturers of large format printers, their strategies, and new production plans to analyze the large format printer ecosystem/supply chain, which consists of suppliers of materials and components and product manufacturers
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market and provide a detailed competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market share analysis and ranking as well as core competencies
- To analyze competitive developments in the large format printer market, such as collaborations, contracts, partnerships, acquisitions, and product launches and developments
Available customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Growth opportunities and latent adjacency in Large Format Printer Market
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