Growth in the advertisement and packaging industry, increasing advertisement expenditure and surging demand for digital textile prints have spurred the market for large format printers in India. India’s large format printers market is still in its nascent stage; however, is poised to witness growth on account of growing consumer awareness and declining prices.
According to 6Wresearch, India Large Format Printer market is estimated to reach $31.0 million in 2015. In India large format printer market, Roll to Roll LFPs have prominently fueled the growth of the overall market. Usage of roll to roll printers across various applications such as print media, textile, architectural, banners, and signboards have led for their market dominance. In the forecast period, share of flatbed large format printers is expected to increase due to their adoption in the advertising and packaging industry.
In India, large format printers with resolution- 1200x1200, 1440x1440, 2400x1200 and 2880x1400 DPI are more popular, cumulatively these accounted for more than 70% of the overall market revenues. Amongst all, large format printers with resolution 2400x1200 captures key share of market pie.
India primarily imports large format printers from international market, but, with rising demand for large format printers players are expected to set up their manufacturing facilities in the country. Hewlett Packard has set up their plant to meet this rising demand in the Indian market. The key players in India’s large format printers market are namely- HP, Canon, Epson and Roland.
Amongst all regions, Southern region leads the market as the region is witnessing several infrastructure development activities and increasing advertisement spending. Karnataka, Andhra Pradesh and Tamil Nadu are the key revenue generating states in the Southern region. Over the next six years, higher growth in western and northern regions is exhibited due to surging textile and construction activities, especially in Gujarat, Maharashtra, Delhi, Punjab and Haryana.
“India Large Format Printer Market (2015–2021)”provides in-depth analysis of the report with 71 figures and 12 tables covered in 124 pages. The report estimates and forecast overall India Large Format Printer market by revenue & volume, by Large format printer types such as Flatbed and Roll to Roll printers, Large format printer market by print width such as 17”-24”, 24”-36” and so on, market by resolution and market by regions such as north India, western India, eastern India, southern India. The report also gives the insights on competitive landscape, market share by companies, price trends, company profiles, market drivers and restraints.