MarketsandMarkets: Global Large Format Printer (LFP) Market worth $12.5 Billion by 2016
DALLAS, January 30, 2012 /PRNewswire/ –
According to a new market research report, “Global Large (Wide) Format Inkjet Printer
Market Forecast by Width, Hardware, Media and Ink 2011 – 2016″ published by
MarketsandMarkets (http://www.marketsandmarkets.com), the total LFP market is expected to
reach $12.5 billion by 2016 at a CAGR of 5.7%.
Browse 63 tables and in-depth TOC on “Global Large (Wide) Format Inkjet Printer Market
Forecast by Width, Hardware, Media and Ink 2011 -2016″.
Early buyers will receive 10% customization of reports.
Large format printing has taken a huge toll in recent times, after the recession
occurred in the year 2008-09. In current scenario, more and more companies are striving
for marketing and advertisement of their product line at a competitive price. Here comes
the role of large format printer.
Large format printer offers varieties of applications such as banners, hoardings,
indoor and outdoor signage. Speed, flexibility, cost effectiveness and customer reach are
the key drivers of large format printer market. Companies are now striving for cost of
ownership in large format printing by using economical and eco-friendly ink type, so that
companies can save more cost by choosing suitable ink type.
Compared to earlier consumer-oriented color printers, inkjets have a number of
advantages. They are quieter in operation than impact dot matrix or daisywheel printers.
They can print finer, smoother details through higher printhead resolution, and many
consumer inkjets with photographic-quality printing are widely available.
In comparison to more expensive technologies like thermal wax, dye sublimation, and
laser printing, inkjets have the advantage of practically no warm up time, and lower cost
per page. However, low-cost laser printers can have lower per-page costs, at least for
black-and-white printing, and possibly for color.
For some inkjet printers, monochrome ink sets are available either from the printer
manufacturer or from third-party suppliers. These allow the inkjet printer to compete with
the silver-based photographic papers traditionally used in black-and-white photography,
and provide the same range of tones – neutral, “warm” or “cold”. When switching between
full-color and monochrome ink sets, it is necessary to flush out the old ink from the
print head with a cleaning cartridge. Special software or at least a modified device
driver is usually required, to deal with the different color mapping.
The revenue for the global Large Format Printer Market [
] is expected to reach to $ 12.5 billion in 2016 at an estimated CAGR of 5.7%.
Moreover, North America will remain leaders in overall LFP market and APAC will remain
market leader in large format textile printing market.
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