Analysts ReportsnReports claim the global market will grow at 1.62 percent per year until 2021.
The analysts stated that the market is expected to see a compound annual growth rate (CAGR) of 1.62 percent between 2017 and 2012, specifying that large-format or wide-format machines are “printers that support maximum print roll width of 18 inches to 100 inches”, with “major areas” of application including print banners, posters, “backdrop[s] for theatres”, construction designs and “different other large-format artworks”.
The report also noted that “most” wide-formats are “currently” based on inkjet printing technology, including “aqueous, solvent, dye sublimation, UV, and pen/plotters” as technologies used to “transfer ink” to media. It states that it aims to cover “the market landscape and its growth prospects over the coming years”, with a “discussion of the key vendors operating” in the market as well.
Focusing on the Americas, APAC (Asia-Pacific) and EMEA regions, the report notes that “the latest trend gaining momentum in the market is adoption of latex ink”, which it says is “the new ink that has been adopted” by OEMs. HP Inc “was the first vendor to launch it in the market”, while Ricoh and Mimaki “have also started adopting it”, with latex ink “a water-based polymer that is bonded to the substrate by heat” that “does not need air purification or solvent extraction”.
In turn, “the output of the latex print is odourless, which makes it suitable for indoor applications like wallpaper”. The report also aims to discuss the “present scenario and the growth prospects” of the market, calculating its size by considering “the revenue generated from the shipment” of devices, and prepared “based on an in-depth market analysis with inputs from industry experts”.
So-called “key vendors” were named as Canon, Epson, HP Inc, Mimaki and Roland, while “other prominent vendors” included Agfa Graphics, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh and Xerox. The report summary concluded by noting again that the “adoption of latex ink” was a market trend, while the “growing adoption of UV-curable ink” was a market driver, and the “emergence of digital substitution” a market challenge”.