The new wide-format market reports—Wide-Format Aqueous Ink Jet Hardware, Ink, and Media: Worldwide Forecast, 2008–2015 and Wide-Format LED Hardware, Toner, and Media: Worldwide Forecast, 2008–2015—are based on key findings from Lyra’s 2011 Wide-Format Printing Advisory Service (WFS) Forecast 360. Wide-Format Aqueous Ink Jet Hardware, Ink, and Media: Worldwide Forecast, 2008–2015 discusses the aqueous ink jet printer market and the resurgence that it has experienced during the past 12 months. However, despite the market’s revival, major vendors’ shipment and revenue figures have yet to return to the pre-recession levels of 2008 in most aqueous market segments. Overall, shipments in the wide-format aqueous ink jet hardware market are expected to grow by a compound annual growth rate (CAGR) of 2 percent from 2010 to 2015 (see attached figure).
Although each market segment will perform differently over the forecast period, it is expected that all market segments will experience some growth in year-on-year shipments over the next two years (2011 and 2012). After 2012, the market is expected to decline as competition from lower-cost and better-performing alternative ink technologies, such as latex and UV-curable, intensifies. Revenue from the aqueous CAD market will be slightly more resilient to erosion than that of the aqueous graphics market because there is less pressure from alternative printing technologies on the CAD segment. Also, some CAD vendors have added innovative feature sets such as Internet connectivity and cloud printing to reflect changes in working practices in the construction industry.
Specifically, the report covers two application categories—computer-aided design (CAD) and graphic arts (graphics)—that are further broken down into four wide-format aqueous ink jet hardware segments:
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24–44–inch (61 to 112 cm) aqueous CAD printers
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A2/17–inch (43.2 cm) aqueous graphics printers;
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24–44–inch (61 to 112 cm) aqueous graphics printers; and
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44+ inch (112+ cm) aqueous graphics printers.
The report provides macro trends and shipment and revenue data from 2008 through 2015 for hardware, ink, and media in each market segment. The report also includes regional breakouts for North America; Latin America; Europe, the Middle East, and Africa (EMEA); and Asia Pacific. Installed base data, average sales prices, and a listing of representative products are included, as well as aftermarket ink jet shipments and market share for graphics printers. For more information on Wide-Format Aqueous Ink Jet Hardware, Ink, and Media: Worldwide Forecast, 2008–2015, please visit http://store.lyra.com/ProductDetails.asp?ProductCode=W1109A.
Wide-Format LED Hardware, Toner, and Media: Worldwide Forecast, 2008–2015 examines why the market for wide-format electrophotographic (LED) printers continued to decline during 2010. It discusses the anticipated return to worldwide growth for this market in 2011 and the forces that will enhance the market’s prospects across all regions. These forces include:
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the many new infrastructure-based construction projects that have been started as a result of government spending to stimulate economic growth;
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the shift in company printing practices from a centralized to a distributed model, driving demand for low-end hardware; and
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the need for more complex color output, which also will increase toner consumption and coated paper usage.
Overall, Lyra estimates that revenue for the wide-format LED segment will grow by a 5 percent CAGR from 2010 to 2015. The strongest market performance is expected for the Asia-Pacific and Latin American regions, where Lyra forecasts revenue to grow by a 7 percent CAGR. The lower printing costs of LED toner-based systems will remain attractive in these regions.
Specifically, the report covers low-end wide-format LED printers priced under $20,000, midrange wide-format LED printers priced between $20,000 and $50,000, and high-end wide-format LED printers priced over $50,000. It provides macro trends and shipment, average sales price, and revenue data from 2008 through 2015 for hardware, toner, and media in each market segment. The report also includes regional breakouts for North America, Latin America, EMEA, and Asia Pacific. Installed base data and aftermarket toner shipment figures are also included. For more information on Wide-Format LED Hardware, Toner, and Media: Worldwide Forecast, 2008–2015, please visit https://store.lyra.com/ProductDetails.asp?ProductCode=W1109B.
“The wide-format printer market has navigated its way through the recessionary downturn and emerged as a calmer market,” said Peter Mayhew, director for Lyra’s Wide-Format Printing Advisory Service. “Going forward, vendors in this market will endure difficulties as print service providers leave for lower-cost and better-performing alternative ink technologies such as latex and UV-curable. The wide-format aqueous and LED CAD printer segments will be more resistant because there will be less pressure from alternative printing technologies, and there will be a surge in printing needs among the architectural, engineering, and construction market and demand from emerging economies, in particular Asia Pacific.”
Lyra Research:
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