Global Large-Format Printer Market Shows Healthy Gains; HP Remains Leader

HP Designjet Z5600

The Worldwide Quarterly Large Format Printer Tracker from International Data Corporation (IDC) found that large-format printer (LFP) shipments and revenue grew by more than 4 percent year-over-year in 2016.

“The mix of printers continues to change as the technology and the needs of end users evolve,” commented Tim Greene, research director of Hardcopy Solutions at IDC. “The need to invest in the latest technology, to expand their business, to improve their bottom line, and even just to remain competitive is one of the defining characteristics of the large format digital printing market.”

Note that in its research, IDC IDC tracks A2-A0+ devices in the LFP market. The LFP market includes single-function printers, as well as multifunctional systems (MFPs).

Segment Highlights

Shipments in the large-format CAD (computer assisted design)/technical-printing printer market segment grew by 4.4 percent for the year, with a particularly strong performance in the large-format toner-based printer segment.

Shipments on the graphics-printing side were up by 3.8 percent for the year, with a strong showing from UV-curable, eco-solvent, Latex, and dye-sublimation printers.

Vendor Highlights

The top five suppliers in terms of shipments, in order were HP Inc., Canon (when combined with Canon-owned Oce), Seiko Epson, Roland DG, and Mimaki.

  • According to IDC, HP continues to lead the large-format market overall with leading, if not dominant positions, in the large format CAD market, and, with its latex-ink printers. HP’s overall share slipped, however, as there was growth in areas like dye-sublimation and in the Asia/Pacific market, where HP is not as strong. HP’s share of revenue grew though, as the company’s PageWide XL and high-speed UV-curable ink printers continue to do well in the market.
  • Canon, when combined with the Oce organization, maintained its number two position among worldwide large-format printer manufacturers for 2016. Canon’s push on toner-based systems and its leading position in UV-curable inkjet and highly competitive aqueous inkjet printers gave it a strong share in both the CAD and graphics markets.
  • Epson, the third-largest supplier in terms of shipments, saw solid growth in the dye-sublimation inkjet market and some recovery in the eco-solvent market late in the year, but continues to see declining shipments in the low-end aqueous inkjet market segment.
  • Roland DG is the fourth-largest worldwide supplier and has almost 30 percent share of the worldwide eco-solvent market.
  • Mimaki is the number-five supplier of large-format printers worldwide in 2016. Mimaki is strong in the eco-solvent, dye-sublimation, and UV-curable inkjet printer markets worldwide.
Worldwide Large Format Printer Shipment Value, Market Share, and Year-Over-Year Growth, Q4 2016
Vendors4Q16 Shipment Value ($M)4Q16 Market Share4Q15 Shipment Value ($M)4Q15 Market Share4Q16/4Q15 Growth
1. HP Inc$246.9425.0%$237.0725.3%4.2%
2. Canon+Oce$119.6312.1%$140.4315.0%-14.8%
3. Epson$75.017.6%$62.306.6%20.4%
4. Mimaki$56.305.7%$51.195.5%10.0%
5. Roland$50.105.1%$50.685.4%-1.1%
Others$440.8344.6%$396.7642.3%11.1%
Total$988.81100.0%$938.43100.0%5.4%
Source: IDC Worldwide Quarterly Large Format Printer Tracker, March 2017

Worldwide Large Format Printer Shipments Value, Market Share, and Year-Over-Year Growth, 2016
Vendors2016 Shipment Value ($M)2016 Market Share2015 Shipment Value ($M)2015

Market Share

2016/2015 Growth
1. HP Inc$975.1125.1%$882.1923.8%10.5%
2. Canon+Oce$467.2112.0%$502.0413.5%-6.9%
3. Epson$277.147.1%$260.447.0%6.4%
4. Mimaki$218.225.6%$210.125.7%3.9%
5. Roland$207.355.3%$197.045.3%5.2%
Others$1,733.6644.7%$1,660.0244.7%4.4%
Total$3,878.69100.0%$3,711.85100.0%4.5%
Source: IDC Worldwide Quarterly Large Format Printer Tracker, March 2017

Other Highlights

The interest in dye-sublimation printer continues: the IDC Tracker shows 13 percent year-over-year growth in dye-sublimation inkjet printer shipments.

Eco-solvent inkjet printer shipments grew 8.5 percent year over year in 2016. The resilience of eco-solvent printers is largely driven by the growth of Chinese suppliers in that segment and primarily in the domestic Chinese market.

UV-curable inkjet printers are another bright spot, with UV-curable inkjet printer shipments up 15 percent year-over-year in 2016.

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