Worldwide Large-Format Printer Shipments and Revenue Continue at Steady Clip
Worldwide shipments of large-format printers increased 4 percent year-over-year, while large-format printer revenue grew 3 percent year-over-year in the second quarter of 2018 (2Q18), according to the International Data Corporation (IDC) Worldwide Quarterly Large Format Printer (LFP) Tracker. For the first half of the year, shipments were up 3.5 percent, while revenue is up over 5 percent compared to the first half of 2017.
Note that in its research, IDC tracks A2-A0+ devices in the LFP market. The LFP market includes single-function printers, as well as multifunctional systems (MFPs).
Large-format UV and large-format dye-sublimation inkjet printer shipments were both up by more than 1,000 units from second-quarter 2017.
IDC stated that, surprisingly, large format eco-solvent inkjet printer shipments were steady compared to the recent quarters, while Latex printer shipments were slightly lower in second-quarter 2018.
“New solutions, capabilities, and technologies continue to drive investment in large-format printing equipment on a worldwide basis,” commented Tim Greene, research director of IDC’s U.S. Large Format Printer Tracker. “While some regions and technologies are maturing, we also see that manufacturers and dealers are incentivizing new printer shipments with discounts, bundles, and aggressive promotions.
“A recovery in technology categories like eco-solvent and toner-based printers have run counter to some of the market trends over the past few quarters to create a bit of a surprisingly strong second quarter,” Greene added.
IDC stated that there was “nice growth in Latin America,” which grew 14 percent (more than 2,000 units) compared to the first half of 2017.
The Asia-Pacific region (including Japan), already the biggest geographical market, grew 3.9 percent while Europe, the Middle East and Africa (EMEA) saw shipments grow 7.2 percent over the first half of 2017.
Shipments in North America were down by about 3.5 percent from first-quarter 2017.
There was some movement among the top-five large-format printer suppliers in terms of shipments, with Mimaki overtaking Roland in the second quarter of 2018 to capture the number-four position worldwide. The top-five large format printer companies in second-quarter 2018 were HP Inc, Canon-Oce, Seiko Epson, Mimaki, and Roland DG.
HP extended its lead in the large-format digital printer market with nearly 35 percent of worldwide shipments in second-quarter 2018. HP saw good growth in the CAD segment with new 24-inch wide models within the DesignJet T-series.
Canon maintained its number-two position among large-format printer manufacturers and grew its share of the total market to more than 22 percent of total shipments. The company saw a strong performance from its imagePROGRAF CAD printers, especially with the new Canon TX-series.
Epson remained the number-three large-format printer supplier in terms of worldwide shipments, with popular units including its eco-solvent and latest aqueous inkjet printers.
Mimaki overtook Roland as the number-four supplier of large-format printers worldwide in the second quarter, as some of Mimaki’s new models and new distribution partners are ramping up around the world.
Roland DG fell to the number-five position in the worldwide large-format printer market in second-quarter 2018.
|Worldwide Large-Format Printer Shipments and Shipment Value Share, Q2 2018|
|Companies||2Q18 Shipment Unit Share||2Q18 Shipment Value Share|
|Source: IDC Worldwide Quarterly Large Format Printer Tracker, August 2018|
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC’s Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.
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