Slight Decline for Wide-Format Printer Market

The worldwide large-format printer market decreased modestly in the third quarter of 2019 (3Q19) with shipments declining by roughly 0.5 percent compared to the previous quarter, according to the International Data Corporation (IDCWorldwide Quarterly Large Format Printer Tracker.

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).

“While the large-format printer market has been soft, there were some surprising areas of growth when we get into the breakdown by technology and region,” said Tim Greene, research director of IDC Hardcopy Solutions. “New products and aggressive marketing have driven growth in some technology segments, while application expansion continued to drive investments in UV and textile/soft signage printers.”

Regional Highlights

  • Shipments in North America increased more than 4 percent compared to 2Q19, driven largely by the U.S., which grew 9 percent quarter-over-quarter in 3Q19.
  • Japan and Central and Eastern Europe (CEE) both saw strong growth in 3Q19. The CEE growth largely offset declining shipments in Western Europe in the quarter while the growth in Japan made up for softer than expected shipments in the rest of the Asia/Pacific region.

Company Highlights

There was no movement among the top-three large-format printer manufacturers in terms of shipment market share with HP Inc., Canon Inc., and Epson all maintaining their positions on a worldwide basis.

  • HP Inc. was by far the overall large-format printer market leader in 3Q19 with 33.8 percent of all large-format printer shipments worldwide.
  • Canon had 19.4 percent of the total large-format printer market when its imagePROGRAF, the Oce line of technical printers, and Canon’s Arizona and Colorado are combined.
  • Epson is the number-three large format printer manufacturer worldwide with over 17 percent of total shipments. Epson is a leader in the low-end of the aqueous inkjet market, in the dye-sublimation segment, and increasingly in the eco-solvent market. In the third quarter, Epson introduced its first “eco-tank” large format printers, which the company says will reduce ink cost by 20 percent. This will be an important area to watch in 2020 and beyond, says IDC.
Worldwide Large Format Printer Shipment and Shipment Value Market Shares, Q3 2019
Companies Shipment Share Shipment Value Share
1. HP Inc. 33.8% 22.3%
2. Canon Group 19.4% 10.0%
3. Epson 17.1% 8.5%
4. Mimaki 3.0% 7.9%
5. New Century 2.4% 0.7%
Others 24.3% 50.6%
Total 100.0% 100.0%
Source: IDC Worldwide Quarterly Large Format Printer Tracker, December 11, 2019

Other Highlights

  • Large-format eco-solvent inkjet printer shipments were stronger in 3Q19 than at any time in the past two years.
  • Large-format toner-based printer shipments increased in 3Q19, boosted by new models particularly from KIP.

About IDC Trackers

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.

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