Industrial Printer Shipments Ship Strong Development within the Fourth Quarter of 2023, In response to IDC
NEEDHAM, Mass., March 8, 2024 – The fourth quarter of 2023 (4Q23) noticed industrial printer shipments develop 8.4% in comparison with Q3 2023 and 11.9% in comparison with This autumn 2022, in accordance with the newest launch of the Worldwide Information Company (IDC) Worldwide Industrial Printer Tracker.
“Large format digital printers make up the majority of commercial printer shipments and This autumn 2023 was a powerful quarter for broad format shipments,” stated Tim Greene, analysis director, Hardcopy Options at IDC. “We additionally noticed good progress in a number of different segments – shipments within the direct-to-shape and label & packaging markets have been additionally up considerably, each sequentially and yr over yr. We additionally noticed progress in a lot of the main geographic markets, with Western Europe and North America main the way in which in This autumn.”
Worldwide Industrial Phase Highlights for Q4 2023
- Massive format digital printer shipments grew 9.3% in comparison with Q3 2023.
- Direct-to-shape printer shipments grew 17% in comparison with the prior quarter.
- Industrial digital label & packaging printer shipments grew 5.8% sequentially in This autumn 2023.
- The commercial textile phase noticed shipments decline 1.6% in comparison with what was a powerful Q3 2023, whereas shipments within the Direct-to-garment (DTG) phase declined 6% as extra customers spend money on Direct-to-film (DTF) printing methods.
Regional Evaluation for Q4 2023
- Industrial printer shipments in Western Europe noticed cargo progress of twenty-two.6% in This autumn in comparison with what was a really tender Q3 2023.
- North America noticed whole cargo progress of 10.2% in This autumn 2023 in comparison with the prior quarter.
- Shipments within the Central & Jap European market grew virtually 10% sequentially in This autumn.
- The Asia/Pacific area, plus China, was basically flat in This autumn in comparison with Q3 2023 however confirmed energy in comparison with This autumn 2022.
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Worldwide Industrial Printer Share of Shipments, Share of Cargo Worth, and Sequential Development, This autumn 2023 (share of shipments in items) |
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Product Class |
4Q23 Share of Shipments |
4Q23/3Q23 Cargo Development |
4Q23 Share of Cargo Worth |
4Q23/3Q23 Cargo Worth Development |
|
Direct to Garment |
1.1% |
-6% |
2.8% |
-1.6% |
|
Direct to Form |
1.6% |
+17.6% |
3.0% |
+11.6% |
|
Industrial Textile |
0.7% |
-1.6% |
6.7% |
+2.9% |
|
Label & Packaging |
0.3% |
+5.8% |
16.1% |
+19.6% |
|
Massive Format |
96.3% |
+9.3 |
71.4% |
+11.9% |
|
Complete |
100% |
+8.4 |
100% |
+12.0% |
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Supply: IDC Worldwide Quarterly Industrial Printer Tracker, March 2024 |
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IDC’s Worldwide Quarterly Industrial Printer Tracker supplies whole market dimension and vendor share for 5 main market classes: giant format, label and packaging, direct to garment, industrial textile, and direct to form. Along with items, cargo worth, and ASP, the Tracker additionally supplies market outcomes for every product class by ink kind, media dimension, {hardware} class, or main software throughout 9 geographic areas and 90 nations.
About IDC Trackers
IDC Tracker merchandise present correct and well timed market dimension, vendor share, and forecasts for lots of of know-how markets from greater than 100 nations across the globe. Utilizing proprietary instruments and analysis processes, IDC’s Trackers are up to date on a semiannual, quarterly, and month-to-month foundation. Tracker outcomes are delivered to shoppers in user-friendly Excel deliverables and on-line question instruments.
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About IDC
Worldwide Information Company (IDC) is the premier international supplier of market intelligence, advisory providers, and occasions for the knowledge know-how, telecommunications, and client know-how markets. With greater than 1,300 analysts worldwide, IDC presents international, regional, and native experience on know-how, IT benchmarking and sourcing, and business alternatives and developments in over 110 nations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding group to make fact-based know-how choices and to realize their key enterprise targets. Based in 1964, IDC is an entirely owned subsidiary of Worldwide Information Group (IDG), the world’s main tech media, knowledge, and advertising providers firm. To study extra about IDC, please go to www.idc.com. Comply with IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Weblog for business information and insights.
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