Large Format Printesr Market Size, Share, Growth Analysis, By Offerings (Printers, RIP Software), By Technology (Ink-Based, Toner-Based), By Ink Type (Aqueous ink, Solvent ink), By Material (Porous, Non-porous), By Print Width, By Connectivity, By Application, By Region - Industry Forecast 2024-2031

Global Large Format Printer Market size was valued at USD 8.7 billion in 2022 and is poised to grow from USD 9.20 billion in 2023 to USD 14.1 billion by 2031, growing at a CAGR of 5.4% during the forecast period (2024-2031). 

Market players are using both organic and inorganic growth strategies to compete in the fragmented large format printers market. Among the top market players are 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. 'Hewlett-Packard (HP) Development Company, L.P. ', 'Canon Inc. ', 'Seiko Epson Corporation ', 'Ricoh Company, Ltd. ', 'Agfa-Gevaert N.V. ', 'Mimaki Engineering Co., Ltd. ', 'Roland DG Corporation ', 'Durst Group AG ', 'Fujifilm Holdings Corporation ', 'Konica Minolta, Inc. ', 'Kyocera Corporation ', 'Mutoh Europe N.V. ', 'Xeikon (part of Flint Group) ', 'Inca Digital Printers ', 'Océ Printing Systems GmbH (a Canon subsidiary) ', 'VersaTech Technologies ', 'Shenyang Sky Air-Ship Digital Printing Equipment Co., Ltd. ', 'Electronics for Imaging (EFI) ', 'HP Scitex (a division of HP) ', 'SwissQprint  '

The growth of the market has indeed been driven by rise in use of UV curable inkjet printers. A 3D object can be created from a 2D digital image using a UV Inkjet printer and UV digital printing technology. Along with increasing productivity, it produces images of top quality. Used in printers, UV-Curable Ink provides a high-speed, quick-dry, low-energy, and environmentally friendly solution. It is employed extensively across a wide range of industries, such interior design, promotion, and electronics. On resin, glass, and metal, direct printing is possible using a UV-Inkjet printer.

The industries that most substantially increase global market revenue are packaging and textile. In a bid to assist them in their out-of-home advertising campaigns, numerous national and worldwide brands and corporations use large format printers. The media is additionally apparent from a distance due to its big size. The target audience is drawn to advertising through the use of giant hoardings, banners, signs, and building wraps, among other methods, which then boosts sales and revenue. Three packaging apps and having to cut folding cartons, flexible packaging, and label printing. Folding cartons add a few additional steps to the file preparation (structural CAD files), finishing, and printing processes (die-cutting, folding, gluing). Large format printers have evolved due to advancements in printer manufacturing in a number of ways. Making a high-quality print quickly is one of these factors. The market's players have been motivated to create printers with quick print speeds by the end-users' increased desire for quicker turnaround times. Additionally, the necessity for manual printing intervention has been removed in a number of printers by automated processes, which has reduced the entire printing process. ​

Due to the growth of the advertising and signage markets and the substantial investment made in indoor and outdoor signs by businesses in the region, North America currently controls the majority of the global market. The presence of well-known companies in the region, like Videojet Technologies, Inc., Xerox Corporation, Inkjet Inc., and KEYENCE CORPORATION, is also a significant growth driver. Due to an increase in drug stores, the United States currently dominates the region of North America.