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What is the current size of the global large format printer market

The large format printer market is projected to grow from USD 9.3 billion in 2020 to USD 11.2 billion by 2025; it is expected to grow at a CAGR of 3.8% from 2020 to 2025. Key factors fueling the growth of this market include surging demand for large format printing in the textiles, advertising, and packaging industries; growing adoption of UV-curable inks in outdoor advertising, CAD, and technical printing applications; and the increasing importance of digital document production in commercial printing applications.

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What is the current size of the global large format printer market

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  1. MarketsandMarkets Presents Large Format Printer Market by Offering (Printers, RIP software, Services), Ink Type (Aqueous, Solvent, UV Curable, Latex, Dye Sublimation), Printing Technology, Printing Material, Print Width, Application, and Geography - Global Forecast to 2025 The large format printer market is projected to grow from USD 9.3 billion in 2020 to USD 11.2 billion by 2025; it is expected to grow at a CAGR of 3.8% from 2020 to 2025. 

  2. MarketsandMarkets Presents “The large format printer market for printer accounted for the largest share in 2019.” Printers held the largest share of the large format printer market in 2019. Large format printers support a print roll width between 18" and 100". Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=523 These printers are widely used for applications such as printing banners, posters, trade show graphics, wallpapers, vehicle image wraps, architectural drawings, large artworks, signage, and backdrops for theatrical and media sets. Large format printers are used for various applications, including printing banners, posters, trade show graphics, wallpapers, vehicle image wraps, architectural drawings, construction plans, and backdrops for theatrical and media sets.

  3. MarketsandMarkets Presents “Based on printing technology, Ink-based (inkjet) printers is projected to grow at a high CAGR during the forecast period.” Ink-based (inkjet) printers are projected to grow at a high CAGR during the forecast period. Inkjet printer manufacturers have started providing faster inkjet printers with reduced running costs for large format printing, which has led to the widespread adoption of inkjet printers in this industry. The reason behind the decreasing demand for the toner-based printer is the replacement of these printers with inkjet printers due to their benefits such as low cost and low maintenance.

  4. MarketsandMarkets Presents “The market for large format printers with a print width ranging from 60” to 70” is projected to grow at a high CAGR during the forecast period.” The market for large format printers with a print width ranging from 60” to 70” is expected to grow at the highest CAGR during the forecast period. Printers in this category are known as grand format printers. These printers are mostly used in large-scale commercial applications, such as banners, large vehicle graphics, and advertisements. They offer an output with great details and high quality.

  5. MarketsandMarkets Presents The key players operating in the large format printer are Hewlett Packard (US), Canon (Japan), Epson (Japan), Mimaki Engineering (Japan), Roland (US), Ricoh (Japan), Durst Phototechnik (Italy), Xerox (US), Konica Minolta (Japan), Agfa-Gevaert (Belgium), and Electronics for Imaging (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, expansions, agreements, partnerships, joint ventures, collaborations, mergers, and acquisitions to strengthen their position in the market.

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. AashishMehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441

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