Transparency Market Research delivers key insights on the global advanced printer market. In terms of revenue, the global advanced printer market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global advanced printer market.
A printer is a device that takes input from a computer and transfers it onto a piece of paper. Printers come in multiple types such as inkjet, laser, thermal, and dot matrix. Small- and medium-sized printers are used for home and office printing applications. For industries such as signage, label, advertising, and textile, large-formatted industrial and commercial printers are used. With the growing trend of textile or fabric printing and printing advertisement, the demand for these printers is on the rise. Mostly, inkjet printers of large format, which are capable of producing high-resolution posters, are used in industries such as advertising and décor.
Advanced Printer Market: Dynamics
Based on application, the global advanced printer market has been segmented into apparel & textile, signage, advertising & décor, office and professional applications, CAD & technical printing, and commercial and publication applications. Digital textile printing is also growing, with the advent of digital technology in the textile & apparel industry. Furthermore, textile printing is on the rise owing to design flexibility, eco-friendly process, and reduced time.
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Rising textile printing is propelling the adoption of large textile printers, especially large-format inkjet printers. The global advertisement industry is witnessing immense growth, due to the increasing spending on advertisements by retail stores, multiplexes, restaurants, pubs, and bars. This growing trend of advertisements and rising importance of visual and sign communication are boosting signage printing. This eventually propels the demand for signage printers. Thus, rising demand for signage, textile, and label printers is expected to significantly propel the global advanced printer market during the forecast period.
A unique research methodology has been utilized by TMR to conduct comprehensive research on the global advanced printer market and arrive at conclusions on future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.
Secondary research sources referred to by analysts during production of the report on the global advanced printer market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to the production of TMR’s study on the global advanced printer market as a primary research source.
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These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global advanced printer market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global advanced printer market with accuracy. The study also uses a top-down approach to assess numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global advanced printer market more reliable and accurate.
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