Large-Format Printer Market Expected to Hit $11.6 Billion by 2026

The large-format printer market is growing. According to a new report from B2B research provider MarketsandMarkets, the market for production equipment is projected to reach $11.4 billion by 2026 from $8.8 billion in 2021, increasing at a compound annual growth rate (CAGR) of 5.4%.

North America is large-format printing’s largest market, as it’s home to major manufacturers such as Hewlett-Packard, Electronics for Imaging, Xerox Corp. and Lexmark, according to MarketsandMarkets. Growth in the region is predominantly driven by large-scale investments by companies, high demand for large-scale prints and technological advancements.

The report also included a COVID-19 impact analysis by offering, connectivity (wired, wireless), printing material (porous, non-porous), technology (ink-based, toner-based), print width, ink type, application and geography. While another coronavirus outbreak is expected to affect the large-format printer market, a steady recovery is expected in 2022.

In technology, the ink-based segment is expected to grow at the highest rate. This is primarily due to the increased use of inkjet large-format printers for technical and CAD printing applications. Whereas some industries traditionally preferred laser printers for this, inkjet printer manufacturers have started providing faster options with reduced running costs, which has led to their widespread adoption. This has also created less of a demand for toner-based printers, according to the report.

Additionally, the demand for UV-cured ink is expected to increase and the segment is projected to hold the largest market share during the forecast period. The reports states that in many cases, UV-cured inks are replacing solvent options due to their near instant dry time, UV resistance, low environmental impact and ability to be applied to a range of surfaces — including uncoated and rigid textures.

Read more at MarketsandMarkets.

The post Large-Format Printer Market Expected to Hit $11.6 Billion by 2026 appeared first on Signs of the Times.

Published first here: https://signsofthetimes.com/large-format-printer-market-expected-to-hit-11-6-billion-by-2026/

Published by

Anaheim Signs

Orange County Sign Company providing, Lighted Building Letters, 3D Building sign letters, Custom Business Signs. A California Electric Sign Contractor #490521 Since 1982. Contact Us Today! Anaheim Signs 18571 E. Tango Ave. Anaheim California 92807 (714) 270-0322 https://anaheimsigns.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s