Advanced Printer Market Research Report for Complete Analysis of Current Scenario March 09, 2022
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 highresolution posters, are used in industries such as advertising and décor.
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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, ecofriendly process, and reduced time. 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