SINGAPORE, March 13, 2023 – According to IDC Worldwide Industrial Printer Tracker, a total of 50.1 thousand units of large format graphics printer was shipped in 2022 for Asia/Pacific excluding Japan, with a sequential decline of 13.5% and an annual decline of 34.8%. Notably, China’s annual shipment plummeted by 47.9% to 31.7 thousand units, while the rest of the region had experienced a healthy growth at 14.6% in 2022.
The large format graphics market, like many other industries, was largely impacted by the COVID-19 pandemic and other unforeseen circumstances. Factors such as lockdowns, supply chain disruptions, inflation have contributed to the market’s uncertainty in year 2022.
Among all the ink types, UV printing has gained significant traction of 22.3% annually in 2022 throughout Asia/Pacific excluding Japan and China. Despite a low shipment volume of 1.8 thousand units, there is potential for UV printing to grow in the market.
“As UV printing technology continues to improve, with a growing number of players offering a wide range of offerings and prices, we are seeing a rise in demand coming from the print service providers,” said Sharon Cheng, Senior Market Analyst, Imaging Printing and Document Solution (IPDS), IDC Asia/Pacific. “UV printing has been gaining popularity due to the prints durability and flexibility, which allows the users to create more applications with variety of medias and substrates,” Cheng adds.
Besides the versatility, environmentally friendliness is also an advantage of UV printing for print service providers to adopt in the coming years. With many governments within the Asia/Pacific region implementing regulations that aim to promote sustainable printing practices, UV printing can help print service providers to comply with these regulations and reduce environmental impact.
“The Bureau of Indian Standards has a set of guidelines for environmentally friendly printing such as using eco-friendly inks and printing materials. These standards will further promote and encourage the adoption of UV printers for both indoor and outdoor signs and displays, since we’re seeing a high annual growth of shipment at 47.9% in India during 2022,” said Shivani Priyadarshini, Associate Market Analyst in IDC Asia/Pacific’s Imaging Printing and Document Solution (IPDS) Group.
To know more about the IDC Worldwide Quarterly Industrial Printer Tracker, please contact Sharon Cheng at scheng@idc.com or Shivani Priyadarshini at spriyadarshini@idc.com. For media inquiries, please contact Miguel Carreon at mcarreon@idc.com or Michael de la Cruz at mdelacruz@idc.com.
*Asia/Pacific excluding Japan
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