According to a new report by researcher Markets and Markets, growing demand for large-format printers for home furnishing & decor and vehicle wrap applications is creating ‘huge growth opportunities for players in the large-format printing market The report titled Large Format Printer Market by Offering (Printers, RIP software, Services), Printing Technology (Inkjet, Laser), Ink Type (Aqueous, Solvent, UV Cured, Latex, Dye Sublimation), Print Width, Application, and Geography – Global Forecast to 2025, says the global large-format printing market was worth $US8.7 billion in 2018 and is projected to grow at a CAGR (compound annual growth rate) of 4 percent from 2019 to reach $US11.4 billion by 2025.
The report mentions some key manufacturers of printers, printheads and others in the market such as Hewlett-Packard (HP) (US), Canon (Japan), EPSON (Japan), Mimaki (Japan), Roland (Japan), RICOH (Japan), Durst Phototechnik (Italy), Xerox (US), Konica Minolta (Japan), Agfa-Gevaert (Belgium), EFI (US), Kyocera (Japan), Lexmark (US), Mutoh (Japan), and ARC Document Solutions (US). The growth in the large-format printing market can also be attributed to increase in demand in the domains like textile, advertising, and packaging industries as well as rising adoption of UV-curable inks in outdoor advertising, CAD and technical printing applications.
