Large Format Printers Market Size, Share, Growth Analysis, By Offerings(Printers, RIP Software, and After-sales services), By Technology(Ink-Based (Inkjet) Printers, and Toner-Based (Laser) Printers), By Ink Type(Aqueous ink, Solvent ink, UV-cured ink, Latex ink), By Print Width(Up to 24”, 24-36”, 36-44”, 44-60”), By Application(Apparel & Textile, Advertising, Cad & Technical Printing, Signage), By Region - Industry Forecast 2024-2031

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.

During the forecast period, the APAC market is expected to grow. The presence of major laser printer manufacturers in the region is one of the main causes of APAC's dominance. Major different locations including China, India, and Japan are very well known by these vendors. The fierce competition in the market has forced the ASP of laser printers in APAC to fall, which is positively driving the market growth. The market in APAC is expected to grow as a consequence of the growth prospects of the textile industry as well as the increased adoption rates of direct-to-fabric printers. Many vendors decided to increase their presence in APAC as a result of the region's increasing demands for printers. As an instance, FUJIFILM India announced the launch of the Acuity Ultra, a new super wide format system, in 2021. It is a chemical-free, UV-curable roll-to-roll printer that uses Uvijet GS ink. From the quick setup of the material to the intelligent vacuum management and operation through newly designed output software, the printer's distinguishing features make it extremely efficient.