Industrial Printers Market Insights
Updated: 28 June 2024
Strong Q1 2024 for Industrial Printer Shipment Value, According to IDC
NEEDHAM, Mass., June 28, 2024 –Q1 2024 saw industrial printer shipments declined 3.3% compared to Q1 2023 while shipment value increased +5.6% during the same period according to the newest release from the International Data Corporation (IDC) Worldwide Quarterly Industrial Printer Tracker. "Wide format digital printers have consistently shown resilience and adaptability by maintaining a strong market presence and responding dynamically to the diverse needs of large-scale printing requirements.” said Phuong Hang, research director, research director, Program Director at IDC. "We also saw double-digit year-over-year growths in label & packaging market, +25% for unit shipments and 51% for shipment value.”
Worldwide Industrial Segment Highlights for Q1 2024
- onlyAllowedOnIdcGlobalLarge format digital printer shipment value grew 1.7% compared to Q1 2023
- onlyAllowedOnIdcGlobalDirect-to-shape printer shipments grew 2.7% compared to Q1 2023.
- onlyAllowedOnIdcGlobalIndustrial digital label & packaging printer shipments grew by 25.3% in Q1 2024.
- onlyAllowedOnIdcGlobalThe industrial textile segment grew by 13.9% compared to Q1 2023
Worldwide Industrial Printer Shipments and Shipment Value Share and Sequential Growth, Q4 2023
| Product Category | 1Q24 Share of Shipments |
1Q24/1Q23 Shipment change |
1Q24 Share of Shipment Value |
1Q24/1Q23 Shipment Value Growth |
|---|---|---|---|---|
| Direct to Garment | 1.1% | -11.4% | 2.8% | -8.6% |
| Direct to Shape | 1.3% | +2.7% | 2.8% | -4.0% |
| Industrial Textile | 0.7% | +13.9% | 6.7% | +10.2% |
| Label & Packaging | 0.4% | +25.3% | 17.1% | +51.1% |
| Large Format | 90.6% | +0.8% | 68.5% | +1.7% |
| Desktop Label | 5.9% | -41.5% | 2.0% | -48.1% |
| Total | 100% | -3.3% | 100% | +5.6% |
Source: IDC Worldwide Quarterly Industrial Printer Tracker, March 2024
Industrial Printer Tracker
IDC's Worldwide Quarterly Industrial Printer Tracker provides total market size and vendor share for six major market categories: large format, label & packaging, direct to garment, industrial textile, desktop label, and direct to shape. In addition to units, shipment value, and ASP, the Tracker also provides market results for each product category by ink type, media size, hardware class, or primary application across nine geographic regions and 90 countries.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.
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