San Francisco, California, September 11, 2018: A recent market research report by TMR Research covers a thorough analytical account of the growth prospects of the global market for large format printers over the period between 2017 and 2025. The report is titled “Large Format Printers Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The market is likely to expand on a healthy growth pace over the said period.
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Some of the key factors expected to work in favour of the market are the increased demand for short-run print jobs and the rising adoption of UV-curable inks in several application areas. The market is also expected to be positively influenced by the vast developments observed over the years in the field of biological-solvent inks and the massive rise in applications set of the 3D printing technology.
The market is also expected to benefit from the vast technological advancements observed in the field of ink-level monitoring software and the incorporation of conventionally printed materials and products in digital media communication principles. Moreover, steady drop in prices of large format printers is also likely to bode well for the market, especially when it comes to foraying into cost-sensitive regional markets.
As the global demand for these products rises at a promising pace, the vendor landscape is also becoming increasingly competitive; companies are ploughing more resources into R&D activities to be able to introduce technologically advanced products and customized products suiting the specific needs of their consumers. Focus on the development of economical products offering premium quality of printing is also strong as companies seek to tap growth opportunities in relatively untapped and cost-sensitive regional markets with vast growth opportunities, such as Asia Pacific.
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Some of the leading companies operating in the market are Mimaki Engineering Co., Ltd., Canon, Inc., AFGA Graphics, Hewlett-Packard, Mutoh, Epson, Kyocera, and Konica Minolta.