By 2030, the global large format printer market will reach 13.7 billion dollars. According to the latest research, the growth in the popularity of dye sublimation printing, UV curing ink-jet printers and the use of large format printers in the textile and advertising industries are driving the growth of the global large format printer market.
According to a report of Allied Market Research, the global large format printer industry will generate 9.15 billion US dollars in 2020, and is expected to generate 13.7 billion US dollars by 2030. From 2021 to 2030, the compound annual growth rate (CAGR) will be 4.2%, “Large format printer market (printers, software and services), printing technology (ink-jet printing and toner based printing (laser system)), printing width (11″ to 24 “, 24″ to 36 “, 34″ to 44 “, 44″ to 60 “, 60″ to 72 “and above), ink type (water-based, solvent, UV curing, dye sublimation, latex, etc.), And applications (clothing and textiles, signage, advertising, decoration, CAD and technical printing, architecture and others): analysis of global opportunities and industry forecasts from 2021 to 2030. “
Key determinants of growth
According to the report, the popularity of dye sublimation printing, the popularity of UV curing ink-jet printers and the increase in the use of large format printers in the textile and advertising industries have driven the growth of the global large format printing market.
“However, the high initial investment and operating costs have hindered market growth. On the other hand, the increased application of large format printers in automotive packaging and household applications has brought new opportunities for the next few years.
COVID-19
“The outbreak of the COVID-19 has led to the global blockade and the temporary closure of manufacturing facilities, which has hindered the growth of the global large format printer market. In addition, the epidemic has disrupted the entire supply chain and caused shortages of materials, components and finished products. However, once the blockade is completely ended, the market will recover.
Post time:Oct-22-2022