Industrial Printer Shipments Deliver Solid Growth in the Fourth Quarter of 2023, According 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 fall 2022, in keeping with the most recent launch of the Worldwide Knowledge Company (IDC) Worldwide Industrial Printer Tracker.
“Extensive format digital printers make up the majority of business printer shipments and This fall 2023 was a powerful quarter for huge 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 12 months over 12 months. We additionally noticed progress in many of the main geographic markets, with Western Europe and North America main the way in which in This fall.”
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 fall 2023.
- The economic 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 techniques.
Regional Evaluation for Q4 2023
- Industrial printer shipments in Western Europe noticed cargo progress of twenty-two.6% in This fall in comparison with what was a really gentle Q3 2023.
- North America noticed complete cargo progress of 10.2% in This fall 2023 in comparison with the prior quarter.
- Shipments within the Central & Jap European market grew virtually 10% sequentially in This fall.
- The Asia/Pacific area, plus China, was primarily flat in This fall in comparison with Q3 2023 however confirmed power in comparison with This fall 2022.
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Worldwide Industrial Printer Share of Shipments, Share of Cargo Worth, and Sequential Development, This fall 2023 (share of shipments in models) |
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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 offers complete market measurement and vendor share for 5 main market classes: giant format, label and packaging, direct to garment, industrial textile, and direct to form. Along with models, cargo worth, and ASP, the Tracker additionally offers market outcomes for every product class by ink sort, media measurement, {hardware} class, or major utility throughout 9 geographic areas and 90 international locations.
About IDC Trackers
IDC Tracker merchandise present correct and well timed market measurement, vendor share, and forecasts for a whole bunch of expertise markets from greater than 100 international locations 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 purchasers in user-friendly Excel deliverables and on-line question instruments.
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About IDC
Worldwide Knowledge Company (IDC) is the premier world supplier of market intelligence, advisory providers, and occasions for the data expertise, telecommunications, and client expertise markets. With greater than 1,300 analysts worldwide, IDC gives world, regional, and native experience on expertise, IT benchmarking and sourcing, and business alternatives and traits in over 110 international locations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding group to make fact-based expertise selections and to realize their key enterprise goals. Based in 1964, IDC is an entirely owned subsidiary of Worldwide Knowledge Group (IDG), the world’s main tech media, information, and advertising providers firm. To be taught extra about IDC, please go to www.idc.com. Observe IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Weblog for business information and insights.
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