$37B+ wide-format inkjet market predicted for 2009
Jul 27, 2005 5:10 PM
According to I.T. Strategies (Hanover, MA), the worldwide retail value of digitally printed wide-format graphics output reached $26 billion in 2004 and will grow to $37 billion by 2009, a compound annual growth rate of 7% (see below).
The majority of output is advertising related, such as point of purchase (POP) signage, trade show graphics and billboards. I.T. Strategies says that segment of the market is increasing incrementally and at the expense of screen and offset printing. Decorative applications, such as wall coverings, also are on the rise.
Consulting partner Marco Boer says the projected decrease in acqueous inkjet reflects the introduction of eco/lite solvent printers producing indoor and outdoor products, and the shift of much POP output from aqueous to flatbed printers.
Wide-format inkjet graphics: retail value of output by segment
In 2004, aqueous accounted for $18,544,001,762, or 73 percent of the market; solvent-based made up $6,492,988,656, 25 percent of the market; and flatbed was $481,564,522, or two percent of the market. By 2009, I.T. Strategies projects $16,907,097,630 aqueous, approximately 46 percent of the wide-format inkjet market; $17,159,912,266 solvent-based at 47 percent; and $2,306,081,591 flatbed at six percent.
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