Large Format Printer Market by Printing Technology (Inkjet, Laser) Global Forecast to 2023
The report "Large Format Printer Market by Offering (Printers, RIP software, Services), Printing Technology (Inkjet, Laser), Ink Type (Aqueous, Solvent, UV Cured, Latex, Dye Sublimation), Print Width, Application, and Geography - Global Forecast to 2023",
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The large format printer market is expected to grow from USD 8.37 Billion in 2017 to USD 10.59 Billion by 2023, at a CAGR of 4.00% between 2017 and 2023. The growth of the large format printer market can be attributed to the increasing demand for large format printing in the textile, advertising, and packaging industries; the rising adoption of UV-curable inks in outdoor advertising, CAD, and technical printing applications; and the growing importance of digital document production in commercial printing applications.
The market for UV-cured ink-based large format printers is expected to grow at the highest rate between 2017 and 2023
UV-cured ink primarily consists of acrylic monomers with a photo initiator. The main advantage of UV-cured ink is that it dries quickly as soon as it is cured, and after that, it can be applied to a wide range of substrates. It produces a robust image regardless of the type of substrate. Owing to the high density, UV-curable inks are capable of being printed on rigid substrates. This has increased the use of UV-curable inks for printing on POS/POP, wood, metal, glass, and other such substrates.
The market for large format printers with a print width ranging from 44” to 60” is expected to hold the largest share of the large format printer market between 2017 and 2023
Large format printers with a print width ranging from 44” to 60” is expected to hold the largest share of the large format printer market between 2017 an