About large format printers
LFPs (also known as wide-format printers) are printers that support maximum print roll width of 18 inches to 100 inches. The major areas where LFPs find application include print banners, posters, backdrop for theaters, constructional designs, and different other large-format artworks. Most of the LFPs available currently are based on inkjet printing technology. Aqueous, solvent, dye sublimation, UV, and pen/plotters are the technologies used to transfer ink in LFPs.
Technavio’s analysts forecast the global large format printers market to grow at a CAGR of 1.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global large format printers market for 2017-2021. To calculate the market size, the report considers the revenue generated from the shipment of LFPs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Large Format Printers Market 2017-2021
Technavio recognizes the following companies as the key players in the global large format printers market: Canon, EPSON, HP, Mimaki, and Roland.
Other Prominent Vendors in the market are: Agfa Graphics, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh, and Xerox.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of latex ink. This is the new ink that has been adopted by the vendors. HP was the first vendor to launch it in the market. Ricoh and Mimaki have also started adopting it. The latex ink is a water-based polymer that is bonded to the substrate by heat. Latex ink does not need air purification or solvent extraction. The output of the latex print is odorless, which makes it suitable for indoor applications like wallpaper.”
According to the report, one of the major drivers for this market is growing adoption of UV-curable ink. UV curing offers efficient curing of inks using high-intensity UV light. Though it is not a new technology and has been in use in several industries, adoption of this technology for large-format printing is now increasing steadily.
Further, the report states that one of the major factors hindering the growth of this market is emergence of digital substitution. Digital substitution is growing at a rapid rate, cutting down the print market. As of 2016, most of the work is done online, which was earlier done with the help of the printers. Posters and banners have become digitized. This substitution is happening because it is less time-consuming, of low cost, and fast. In addition, with the increased market of online retailing and advertising, the printing market is losing its share.
Canon, EPSON, HP, Mimaki, Roland, Agfa Graphics, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh, Xerox.