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

Large Format Printers Market size was valued at USD 8.8 billion in 2019 and is poised to grow from USD 9.28 billion in 2023 to USD 14.13 billion by 2031, growing at a CAGR of 5.4% in 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. 'HP Inc.', 'Canon Inc.', 'Epson America, Inc.', 'Roland DG Corporation', 'Mimaki Engineering Co., Ltd.', 'Ricoh Company, Ltd.', 'Konica Minolta, Inc.', 'Xerox Corporation', 'Mutoh Holdings Co., Ltd.', 'Agfa-Gevaert Group', 'EFI (Electronics for Imaging, Inc.)', 'Seiko Epson Corporation', 'Fujifilm Holdings Corporation', 'Océ-Technologies B.V. (a subsidiary of Canon Inc.)', 'Durst Phototechnik AG', 'Inca Digital Printers Limited', 'CET Color', 'HP Latex Printers (a subsidiary of HP Inc.)', 'KIP America', 'HP DesignJet Printers (a subsidiary of HP Inc.) '

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 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 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.