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 autumn 2022, in accordance with the newest launch of the Worldwide Knowledge Company (IDC) Worldwide Industrial Printer Tracker.

“Huge format digital printers make up the majority of business printer shipments and This autumn 2023 was a powerful quarter for broad format shipments,” mentioned Tim Greene, analysis director, Hardcopy Options at IDC. “We additionally noticed good development in a number of different segments – shipments within the direct-to-shape and label & packaging markets had been additionally up considerably, each sequentially and 12 months over 12 months. We additionally noticed development in a lot of the main geographic markets, with Western Europe and North America main the way in which in This autumn.”

Worldwide Industrial Section Highlights for Q4 2023

• Giant 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 economic textile section noticed shipments decline 1.6% in comparison with what was a powerful Q3 2023, whereas shipments within the Direct-to-garment (DTG) section 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 development of twenty-two.6% in This autumn in comparison with what was a really delicate Q3 2023.
• North America noticed complete cargo development of 10.2% in This autumn 2023 in comparison with the prior quarter.
• Shipments within the Central & Jap European market grew nearly 10% sequentially in This autumn.
• The Asia/Pacific area, plus China, was basically flat in This autumn in comparison with Q3 2023 however confirmed power in comparison with This autumn 2022.

IDC’s Worldwide Quarterly Industrial Printer Tracker offers complete market dimension and vendor share for 5 main market classes: massive format, label and packaging, direct to garment, industrial textile, and direct to form. Along with items, cargo worth, and ASP, the Tracker additionally offers market outcomes for every product class by ink sort, media dimension, {hardware} class, or main software throughout 9 geographic areas and 90 international locations.

About IDC Trackers

IDC Tracker merchandise present correct and well timed market dimension, vendor share, and forecasts for lots of 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 knowledge expertise, telecommunications, and client expertise markets. With greater than 1,300 analysts worldwide, IDC presents world, regional, and native experience on expertise, IT benchmarking and sourcing, and trade alternatives and developments in over 110 international locations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding neighborhood to make fact-based expertise choices and to attain their key enterprise goals. Based in 1964, IDC is a completely owned subsidiary of Worldwide Knowledge Group (IDG), the world’s main tech media, information, and advertising and marketing 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 trade information and insights.

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