The industry of wide format printers begin in the early 1990s, and it gradually matures since then. If we talk about number of sales, lets fast forward to 2018 when the market was valued at $8.22 Billion. Just two decades or so, the wide format printers market changed rapidly.
Now, from a recent market research it was said that the industry is said to reach $11.58 Billion by 2026, growing at a CAGR of 4.45% from 2018 to 2026. If you also notice it, considering the given figures, we could say that each decade the market generates around $3 Billion, not exactly but more or less. In the past there were financial crisis but the market was still able to hit an unprecedented number of sales. This year we have the pandemic which surely impacts the market growth and revenue of wide format printers, and we’re not sure if they have taken that into account. But you know, the key players in the industry won’t just sit there and watch, they have new business strategies to commence for sure.
Just to give you an idea of who are those key players and some of the big names in the wide format printer market, here goes the list:
- Dust Group
- Konica Minolta
- Mimaki Engineering
- Seiko Epson
We’ve got wide format printers from most of those brands, so if you’re looking into buying one you can just visit our website and check out our selection. By the way, we also now offer virtual machine demonstration so you won’t have to visit our showroom, or us coming to your place for a demo. If that’s not enough and you have a better idea, give us a call and let’s discuss what you have in mind, we’ll see what we can do about it.
Along with the increased projected market value by 2026, we’ll be expecting changes in the wide format printing industry such as new product portfolios, machine trends and functions, pricing, brands acquiring one another, partnerships, or maybe a new dominant leader. In terms of production, revenue and growth rate, wide format printer market is primarily spread over the regions of North America such as United States, Mexico and Canada. That means we’re playing a big role in this projected market value, and we hope to get a big piece of the pie.