A new market report believes the market will see 2.35 percent growth through to 2020.
In a press release, market analysts Absolute Reports predicted that the global wide-format market will grow at a compound annual growth rate (CAGR) of 2.35 percent between 2016 and 2020, noting that the report contains “analysis and in-depth research on market dynamics, trends, emerging growth factors and forecasts”. They calculated “the market size” by considering “both the direct revenue and the indirect revenue” of the OEMs involved in wide-format.
The analysts describe wide-format printers as those that “support print roll widths in the range of 18 to 100 inches”, and which are “used to print banners, posters, backdrop for theatres, constructional designs, and various other large-format artworks”, with most machines “based on the inkjet printing technology”. In turn, it looked at “several important factors” from the “basics to advanced market intelligence”, all of which “play a crucial part in strategising”.
Absolute Reports noted that “new project feasibility” is one area in which the market features opportunities”, and that it looked at “various details about the manufacturing process” including “market drivers, impact of drivers, market challenges and impact of drivers and challenges, market trends, vendor landscape analysis” and more. Among the “key players” were said to be Canon, HP Inc, Mimaki, Roland and Epson.
Additionally, “prominent” OEMs include Agfa, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh and Xerox. The report segmented the market into the America, APAC (Asia Pacific and China) and EMEA (Europe, Middle East and Africa), alongside “some important proposals” for the market as well as “an in-depth insight […] covering all important parameters”. A “market driver was said to be the “growing adoption of UV-cured ink”, while a challenge was the “emergence of digital substitutes”, and one key trend was identified as the “adoption of latex ink”.
Key questions that the report aimed to ask meanwhile included: “what will the market size be in 2020 and what will the growth rate be?”; “what are the key market trends?”; what is driving this market?”; “what are the challenges to market growth?”; “who are the key vendors in this market space?; “what are the market opportunities and threats faced by the key vendors?”; and “what are the strengths and weaknesses of the key vendors?”