According to IDC, Industrial Printer Shipments show a modest decline in Q2 2022
NEEDHAM, Mass., September 12, 20,22 – Industrial printer shipments declined 1.6% year over year in the second quarter of 2022 (2Q22), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Industrial Printer Tracker.
Tim Greene, IDC research director, Hardcopy Solutions, stated that “the worldwide market is still hindered supply chain challenges as well as other disruptive global events.” “While we are seeing strong developments on the demand-side, it is still difficult to find products, which is a problem for the industrial printers market in 2022.
Q2 2022 Highlights
- The worldwide shipment of large format digital printers fell almost 2.5% compared to Q1 2022.
- In 2Q22, direct-to-garment (DTG), printer shipments increased 22% compared to previous quarters. Solid gains in system value were achieved due to higher end unit growth.
- The shipments of direct-to shape printers increased 5.2% in 2Q22 as compared with 1Q22.
- Industrial digital label & packaging printer shipments grew 10.6% compared to the previous quarter.
- The 1Q22 decline in industrial textile printer sales was 28% lower than the 1Q22.
Regional Analysis
Greene noted that total shipments for the quarter were lower than in any industry or technology segment. Here are some highlights from the 2Q22 Regional Results:
- Shipments in the Central & Eastern European market were down nearly 45% as more global vendors limit their activities in the region due to the war in the Ukraine.
- China’s shipment declined 17% in 1Q22 and Japan’s declined 13% in 1Q22.
- The quarter ended with more than 12% growth in North America’s shipping (US + Canada).
- Modest growth in Western Europe, Latin America, and the Middle East & Africa regions helped offset some of the declines in other regions.
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Shipments of Industrial Printers Worldwide and Shipment Val Share and Sequential Growth Q2 2022 |
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Category of Product |
2Q22 Shipments |
2Q22/1Q22 Shipment Increase |
2Q22 Share of Shipment Value |
2Q22/1Q22 Shipment Growth |
|
Direct to Garment |
1.4% |
+28% |
6.5% |
+52% |
|
Direct to Shape |
1.2% |
+5.5% |
2.8% |
+4.7% |
|
Industrial Textile |
0.5% |
-30% |
7.0% |
-45% |
|
Label & Packaging |
0.3% |
+11.9% |
11.1% |
+25.5% |
|
Large Format |
96.3% |
-2.3% |
72.6% |
+2.2% |
|
Total |
100% |
1.9% |
100% |
+9.5% |
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Source: IDC Worldwide Quarterly Industrial Printer Tracker September 2022 |
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Outlook For The Second Half 2022
In the industrial printer market, uncertainty continues to be a dominant theme. Global events continue to impact the industry, despite the fact that many of the global supply chains issues have improved in this quarter. A potential recession and inflation continue to cloud the outlook for the future. These global concerns have caused some market disruption, but many demand drivers are positive.
IDC’s Worldwide Quarterly Industrial Printer Tracker gives market share and total market size for five market segments: large format, label, packaging, direct-to-garment, industrial textile, and direct-to shape. The Tracker provides information on units, shipping value, average selling price (ASP) and market share for each product category, by ink type, media sizes, hardware classes, primary applications, across nine geographical regions and 90 countries.
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