The Europe Large Format Printer Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 679.6 thousand units, showcasing a growth of 5.6% (2019-2022).
The large format printer market size is anticipated to grow significantly during the forecast period. Factors such as the increasing usage of these printers in textile and advertising industries, the growing popularity of dye-sublimation printing, and the rising adoption of UV-curable inkjet printers drive the growth of the market. Large and small-medium businesses use these printers to advertise their business and catch the attention of potential clients in their local area. These printers offer productivity, versatility, and flexibility with a direct-to-garment printer that allows consumers to print t-shirts on-demand and large, unique items to expand products and profitability.
However, high initial investments and operating costs are major restraints for market growth. In addition, an increase in adopting large-format printers in vehicle wrap and home furnishing applications is expected to create opportunities for the large-format printer industry. The demand for digital print on curtains, wall hangings, cushions, and bed covers are accelerating the adoption of these printers for home décor applications. The decorative sector is growing rapidly as homeowners and companies look to enhance and customize their homes, workplaces, and brands. Whether for a teenager's bedroom, an office creative space, or a hotel lobby, today's generation is focused on solutions that offer adaptable, personalized services and environmentally responsible products.
There has been a growing emphasis on sustainable printing practices in Europe. As per the International Trade Administration, the additive manufacturing sector in France had a turnover of approximately $580 million in 2021, which is 3% of the global additive manufacturing sector. The average expected sector development in France is estimated to be 7% per year for the coming years. They are essential for rapid prototyping in additive manufacturing. They permit the fast and cost-effective production of prototypes, enabling companies to iterate and refine their designs before full-scale production. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Large Format Printer Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $760.7 million by 2030. The UK market is exhibiting a CAGR of 4.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Large Format Printer Market will Hit $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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