The Asia Pacific Large Format Printer Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,162.0 thousand units, showcasing a growth of 6.2% (2019-2022).
The primary application of large format printers in 2020 will be the production of signage, contributing to market revenue. Signages are an essential component of corporations' and businesses' outdoor advertising strategies, serving as a highly effective means of promoting the organization's products, services, and offerings. The progression of technology has resulted in the creation of printers that provide enhanced printing speed and output. Consequently, the increasing demand from clients for expedited printing services is met by these printers with rapid processing times.
The escalating degree of industry localization led to a surge in the need for short-run packaging. This allows corporations to supply specialized product manufacturers or local retailers with niche packaging, empowering end users to penetrate untapped markets and augment their sales figures. Wide format packaging is where these printers are utilized in numerous industrial sectors, such as the food and beverage, electrical and electronic, leisure, and furniture industries. Increasing demand for products from these sectors and ongoing expansion are expected to support the demand for these printers throughout the forecast period.
The overall economic expansion in the Asia Pacific has contributed to increased business activities and investments. According to the Ministry of Industry and Information Technology, the country's 13,053 major apparel firms raked in 561.1 billion yuan (about $83.9 billion) in 2022, up 6.1 percent year-on-year. Large format prints are crucial in apparel companies' branding and visual merchandising strategies. This includes creating large-scale graphics for retail spaces, window displays, and in-store promotions. With the growth of e-commerce, apparel companies may use these printers to create visually appealing and branded packaging materials, enhancing the unboxing experience for online customers. Due to the aforementioned factors the market growth will drive in this region.
The China market dominated the Asia Pacific Large Format Printer Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $996.5 million by 2030. The Japan market is registering a CAGR of 5.7% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7% during (2023 - 2030).
Based on Technology, the market is segmented into Ink-based, and Toner-based. Based on Offering, the market is segmented into Printer, Software, and After-sales Services. Based on Print Width, the market is segmented into 24" to 36”, 36" to 44", 44" to 60", 17" to 24", 60" to 72", and 72" & above. Based on Application, the market is segmented into Signage & Advertising, Apparel & Textile, Décor, and CAD & Technical Printing. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Large Format Printer Market is Predict to reach $12.1 Billion by 2030, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HP, Inc., Canon, Inc., Seiko Epson Corporation, Brother Industries, Ltd., Mimaki Engineering Co., Ltd., Xerox Corporation, Konica Minolta, Inc., Agfa-Gevaert Group, Roland DG Corporation (Roland DGA Corporation) and Ricoh Company, Ltd.
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By Offering (Volume, Thousand Units, USD Billion, 2019-2030)
By Print Width (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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