HomeNewsLarge Format Printer market registers growth

Large Format Printer market registers growth

According to the IDC Asia -Pacific report, the large format printer (LFP) market in India grew 11.7 per cent quarter-on-quarter and 38.5 per cent year on year in Q1 2018, with shipments reaching at 2,954 units.

In the large format CAD/Technical printer market segment grew 17.7 per cent quarter-on-quarter and 55.2 per cent year-on-year, driven by strong growth in single-pass CAD inkjet printers in the large format aqueous-based printer segment. On the other hand, shipments on the graphics side were up by 7.6 per cent quarter-on-quarr and 28.3 per cent year-on-year. Though solvent printers dominate the total graphics market but aqueous, UV and Latex was key driver of this growth, the report said.

Demonetization, GSTs and RERA have affected the real estate market in 2017. As market is stabilizing in 2018 and further government has announced various infrastructure projects, this has fuelled shipment of CAD printers in India. HP remained market leader with unit market share of 68.5 per cent, followed by Canon and Epson.

Though solvent market dominates the graphics market in India by capturing over 40 per cent share in the market because of their low acquisition and running cost, however during the quarter high end Aqueous and UV market helped the overall graphics market to grow. While Aqueous market posted quarter-on-quarter growth of 72.8 per cent and year-on-year growth of 227.5 per cent, on the other hand UV market posted quarter-on-quarter growth of 48.9 per cent and year-on-year growth of 84.2 per cent. Among other offerings aqueous/dye-sublimation market posted strong year-on-year growth but declined sequentially.

In terms of vendors’ ranking Epson remained overall market leader in graphics segment, followed by HP. Among local vendors Colorjet maintained its market leader position followed by Astrojet and Monotech. Colorjet is also leader in UV segment followed by Monotech and Fujifim.

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