76% of Growth to Originate from APAC for Large Format Printers Market: By Technology and Geography | Global Forecast to 2025 | Technavio

• Total Pages: 120
• Companies: 10+ – Including Agfa-Gevaert NV, Canon Inc., FUJIFILM Holdings Corp., HP Inc., Kyocera Corp., Ricoh Co. Ltd., Roland DGA Corp., Seiko Epson Corp., Sony Corp., and Xerox Corp. among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
• Segments: Technology (aqueous, solvent, UV-cured, and latex) 
• Geographies: APAC (China, Japan, South Korea), Europe (Germany), North America (US), South America, and MEA

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According to the recent market study by Technavio, the Large Format Printers Market Share in Technology Hardware, Storage & Peripherals Industry is expected to increase by USD 331.91 million from 2020 to 2025. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate of 76% among the other regions. China, Japan, and South Korea are the key markets for large format printers. Moreover, market growth in APAC will be faster than the growth of the market in other regions.

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Vendor Insights-

The large format printers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Agfa-Gevaert NV- The company offers wide range of large format printers such as hybrid printers, flatbed printers, roll-to-roll printers, and more.

Canon Inc.- The business segments of Canon Inc. involves Office, Imaging system, and Medical system. The company offers large format printers such as PlotWave 7500 printer with scanner express IV scanning unit and others.

FUJIFILM Holdings Corp.- The company offers wide range of large format printers such as OnsetX Series, SpyderX Series, and others.

Find additional highlights on the vendors and their product offerings. Download Free Sample Report

Regional Market Outlook

The large format printers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for large format printers market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of major laser printer manufacturers will facilitate the large format printers market growth in APAC over the forecast period. 

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends Driving the Market-

• Large Format Printers Market Driver:
• Growing adoption of UV-curable ink: 
  One of the primary growth drivers for this market is the rise in the adoption of UV-curable ink. UV curing offers efficient curing of inks using high-intensity UV light. The growth in the adoption rate can be attributed to advantages such as slow heat generation, a faster curing process, and the high durability of the UV-curable inks in outdoor conditions. These advantages of UV-curable inks resulted in high productivity and reduced ink consumption and operational costs. Considering different benefits offered by UV inks, multiple industries are adopting UV-curable inkjet printers.
• Large Format Printers Market Trend:
• Rising adoption of latex ink:
  The rising adoption of latex ink is another factor supporting the large format printers market share growth. HP was the first vendor to launch it in the market. Ricoh and Mimaki have also started adopting it. The latex ink is a water-based polymer that is bonded to the substrate by heat. Latex ink does not need air purification or solvent extraction. The output of the latex paint is odorless, which makes it suitable for indoor applications like wallpaper. Another advantage is outgassing, wherein the release of gas that was absorbed or trapped in the material can be avoided. The disadvantage of latex printers is pre-and post-print heating to cure the media, which leads to high energy consumption when compared with other inkjet technologies. Due to the high temperature, there are chances of damage to some substrates. Latex ink is a new ink and has a high chance to gain popularity in the market due to the advantages mentioned above.

Find additional information about various other market Drivers & Trends mentioned in our FREE sample report.

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