Market research for transparency provides important insights into the world advanced printer market. In terms of sales, it is estimated that the global advanced printer market is expanding with a CAGR of ~3% over the forecast period due to numerous factors that TMR provides thorough insights and forecast on in its report on the Global Advanced Printers Market.
A printer is a device that transfers input from a computer onto a sheet of paper. There are several types of printers such as: B. inkjet, laser, thermal and dot matrix. Small and medium-sized printers are used for home and office printing applications. Large format industrial and commercial printers are used for industries such as signage, labeling, advertising and textiles. With the growing trend of textile or fabric printing and print advertising, the demand for these printers is increasing. Large format inkjet printers that can produce high resolution posters are mainly used in industries such as advertising and decor.
Expanded printer market: dynamism
Based on the application, the global advanced printer market has been divided into apparel and textile, signage, advertising and decoration, office and professional applications, CAD and engineering printing, and commercial and publication applications. With the advent of digital technology in the textile and clothing industry, digital textile printing is also growing. In addition, textile printing is increasing due to design flexibility, environmentally friendly process and reduced time.
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Increasing textile printing is driving the introduction of large textile printers, particularly large format inkjet printers. The global advertising industry is experiencing immense growth due to increasing spending on advertising in retail stores, multiplexes, restaurants, pubs and bars. This growing advertising trend and the increasing importance of visual and sign communication are fueling sign printing. Ultimately, this is what drives the demand for signage printers. Hence, the increasing demand for sign, textile and label printers is expected to significantly boost the global advanced printer market during the forecast period.
Advanced Printer Market: Prominent Regions
North America is a leading region of the global advanced printer market. The growth of the market in the region is due to the presence of leading manufacturers in the region. The textile industry plays an important role in a country’s economy as it is a major contributor to the country’s GDP. India, China, South Korea, the USA and the member countries of the European Union have important textile industries.
Governments are trying to drive the industry forward through various measures. In addition, the advanced printer market in Europe is expected to see significant growth during the forecast period due to the increasing demand for advanced printers, increasing urbanization, industrialization and investments in 3D printers in the region. The growth of the advanced printer market in the Asia-Pacific region is due to government efforts to advance the textile and apparel industries in the region. Elsewhere, demand for advanced printers depends on the growth of sectors such as industrial, IT & telecommunications, and healthcare.
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Advanced Printer Market: Key Players
Are major players in the global advanced printer market HP, Canon, Inc., Seiko Epson Corporation, Konica Minolta, Inc., SHARP CORPORATION, Kyocera Corporation, Lexmark International, Inc., SHARP CORPORATION, HP Inc. and Brother Industries, Ltd.