NEEDHAM, Mass., March 15, 2023 – Worldwide shipments of commercial printers declined 11.6% yr over yr to 78,500 items within the fourth quarter of 2022 (4Q22), in accordance with outcomes from the Worldwide Knowledge Company (IDC) Worldwide Quarterly Industrial Printer Tracker. Outcomes for the complete yr 2022 have been additionally down, with shipments declining 12.9% in comparison with 2021.
“The fourth quarter was mushy and concluded a down yr for the sector general,” stated Tim Greene, analysis director, Hardcopy Options at IDC. “For a lot of the commercial printing market China is a key manufacturing heart, so whereas the area is opening up now, for many of 2022 the market in China was sluggish and restricted worldwide progress. 2022 is a first-rate instance of how progress, pushed by digital transformation, will not be linear and may be disrupted by macro occasions.”
This fall 2022 Highlights
- Giant format digital printer shipments declined 1.6% in comparison with the earlier quarter (3Q22) and 11.7% yr over yr.
- Direct-to-garment (DTG) printer shipments grew 4.7% sequentially and eight.4% yr over yr in 4Q22.
- Direct-to-shape printer shipments noticed a modest decline of two.2% in comparison with Q3 2022 and 6.6% yr over yr.
- Worldwide shipments within the industrial textile section declined nearly 15% sequentially and almost 50% in comparison with the complete yr 2021.
- Industrial digital label & packaging printer shipments declined 15.9% in comparison with Q3 2022 and eight.9% yr over yr.
Regional Evaluation
- Shipments within the Central & Jap European and Western European markets have been brilliant spots with double-digit cargo progress for each areas in This fall 2022.
- China noticed shipments decline 21% in comparison with Q3 2022.
- The strongest progress was within the Center East and Africa area, which noticed cargo progress of 36% in comparison with Q3 2022.
- 4Q22 shipments in North America (US + Canada) have been down 6% in comparison with 3Q22.
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Worldwide Industrial Printer Cargo Share, Cargo Worth Share, and Sequential Development by Product Class, This fall 2022 |
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|
Product Class |
4Q22 Share of Shipments |
4Q22/3Q22 Cargo change |
4Q22 Share of Cargo Worth |
4Q22/3Q22 Cargo Worth Development |
|
Direct to Garment |
2.3% |
+4.7% |
4.4% |
+0.2% |
|
Direct to Form |
1.4% |
-3.2% |
3.0% |
+0.5% |
|
Industrial Textile |
0.5% |
-14.9% |
5.0% |
-1% |
|
Label & Packaging |
0.4% |
-15.9% |
14.9% |
-4.4% |
|
Giant Format |
95.4% |
-1.6% |
72.8% |
+0.3% |
|
Complete |
100% |
1.9% |
100% |
-0.5% |
|
Supply: IDC Worldwide Quarterly Industrial Printer Tracker, March 2022 |
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2022 Highlights
- Giant format digital printer shipments declined 12.9% on a worldwide foundation in comparison with 2021.
- Direct-to-garment (DTG) printer shipments fell 6.8% yr over yr pushed by slower shipments outdoors of North America.
- Direct-to-shape printer shipments fell 5% in comparison with 2021 totally on softness in China and Western Europe.
- The economic textile printer market, which is closely influenced by the market in China, noticed the steepest decline with shipments down 45% in comparison with 2021.
- Industrial digital label & packaging printer shipments declined 5.4% yr over yr in 2022.
Regional Evaluation
- Shipments within the Central & Jap European market have been down 35% in 2022 as international distributors restricted their actions within the area as a result of warfare within the Ukraine.
- Shipments in China declined by 46% for 2022 in comparison with 2021.
- Shipments in North America (US + Canada) have been successfully flat from 2021 to 2022.
- Shipments within the Center East and Africa areas grew 25% in 2022 in comparison with 2021.
- Shipments within the Asia/Pacific area (excluding Japan and China) grew 10% yr over yr in 2022.
IDC’s Worldwide Quarterly Industrial Printer Tracker offers whole market dimension and vendor share for 5 main market classes: giant format, label & 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 major utility 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 a whole lot 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 purchasers in user-friendly Excel deliverables and on-line question instruments.
Click on right here to find out about IDC’s full suite of knowledge merchandise and how one can leverage them to develop your enterprise.
About IDC
Worldwide Knowledge Company (IDC) is the premier international supplier of market intelligence, advisory providers, and occasions for the data know-how, telecommunications, and client know-how markets. With greater than 1,300 analysts worldwide, IDC affords 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 neighborhood to make fact-based know-how selections and to attain their key enterprise targets. Based in 1964, IDC is an entirely owned subsidiary of Worldwide Knowledge Group (IDG), the world’s main tech media, knowledge, and advertising providers firm. To be taught 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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Protection
Corporations Coated
IDC Worldwide Applied sciences Pledge Account,
LinkedIn Company
Areas Coated
Asia Pacific,
Canada,
China,
Japan,
Center East and Africa,
North America,
Ukraine,
United States,
Western Europe
Matters Coated
{Hardware},
Printers