Asia/Pacific Large Format Printer Market Fell Sequentially and Annually in 2012 Q3, Reports IDC
11 Dec 2012
Singapore and Hong Kong, December 11, 2012 - IDC's results show that the Large Format Printer (LFP) market in the Asia/Pacific excluding Japan (APEJ) region declined 12.9% sequentially, and 12.2% year-on-year in 2012 Q3 to reach about 14,000 units, the lowest since year 2010. Most of the countries were largely impacted by the uncertainties of the global economy during the quarter, except for Thailand and Malaysia that managed to experience some growth, which was driven by the infrastructure development plan by the Thai Government, and a strong vendor-driven activity that boosted the channels sales in Malaysia.
The technical market dropped 10.3% sequentially in 2012 Q3, mainly due to a drastic dip in Australia and India markets. The construction and manufacturing industries' performance in Australia and India have been falling for 2 quarters since 2012 Q1, which has caused businesses to become very vigilant and more tensed with a lower business confidence that resulted in a decelerated market.
On the other hand, the graphic market fell 14.8% from 2012 Q2 to 2012 Q3. Most of the Asia/Pacific countries were facing a decline or pretty stagnant market. The demand on graphic printings such as banners for elections and signage for retail outlets are still increasing, however, due to the economic slowdown, most of the graphic print service providers have been conservative on their budget, and holding back their spending in purchasing or changing their large format printers.
"As comparing to the shipment during global financial crisis in 2008 Q3, we are seeing a slowdown in 2012 Q3. Nevertheless, moving forward, we expect the overall market to start picking up with a healthier growth in the next 4 quarters, as there will be stimulus fund from the government in developing countries like Indonesia, Malaysia, and Thailand for the on-going implementation of infrastructure projects," says Sharon Cheng, Market Analyst of Asia/Pacific Imaging, Printing, and Document Solutions Research at IDC.
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