NEEDHAM, Mass., September 12, 20,22 – Industrial printer shipments declined 1.6% year over year in the second quarter of 2022 (2Q22), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Industrial Printer Tracker.
Tim Greene, IDC research director, Hardcopy Solutions, stated that “the worldwide market is still hindered supply chain challenges as well as other disruptive global events.” “While there are some very strong developments that show strength on the demand side of the market, the availability across the board remains questionable. This is a factor that will impact the industrial printer market in 2022.”
Q2 2022 Highlights
- The worldwide shipment of large format digital printers fell almost 2.5% compared to Q1 2022.
- In 2Q22, direct-to-garment (DTG), printer shipments increased 22% compared to previous quarters. System value saw solid gains due to higher end unit growth.
- The shipments of direct-to shape printers increased 5.2% in 2Q22 as compared with 1Q22.
- Industrial digital label & packaging printer shipments grew 10.6% compared to the previous quarter.
- 28% decrease in industrial textile printer shipment compared to 1Q22
Regional Analysis
Greene noted that total shipments for the quarter were lower than in any industry or technology segment. Here are some highlights from the 2Q22 Regional Results:
- Shipments in the Central & Eastern European market were down nearly 45% as more global vendors limit their activities in the region due to the war in the Ukraine.
- China’s shipment declined 17% in 1Q22 and Japan’s declined 13% in 1Q22.
- Shipments to North America (US + Canada), increased by more than 12 percent compared with the previous quarter.
- Modest growth in Western Europe, Latin America, and the Middle East & Africa regions helped offset some of the declines in other regions.
|
Shipments from Worldwide Industrial Printers and Shipment Value Share, Q2 2022 |
||||
|
Product Type |
2Q22 Shipments |
2Q22/1Q22 Shipment growth |
2Q22 Share of Shipment Value |
2Q22/1Q22 Shipment Growth |
|
Direct to Garment |
1.4% |
+28% |
6.5% |
+52% |
|
Direct to Shape |
1.2% |
+5.5% |
2.8% |
+4.7% |
|
Industrial Textile |
0.5% |
-30% |
7.0% |
-45% |
|
Label & Packaging |
0.3% |
+11.9% |
11.1% |
+25.5% |
|
Large Format |
96.3% |
-2.3% |
72.6% |
+2.2% |
|
Total |
100% |
1.9% |
100% |
+9.5% |
|
Source: IDC Worldwide Quarterly Industrial Printer Tracker September 2022 |
||||
Outlook For The Second Half 2022
In the industrial printer market, uncertainty continues to be a dominant theme. Even though many of the global supply chains issues improved in Q2, global events continue to impact the industry. The outlook for 2022’s second half is still clouded by inflation and a possible recession. These global concerns have caused some market disruption, but many demand drivers are positive.
IDC’s Worldwide Quarterly Industrial Printer Tracker gives market share and total market size for five market segments: large format, label, packaging, direct-to-garment, industrial textile, and direct-to shape. In addition to units and shipping value (ASP), the Tracker also shows market results by product type, media size and hardware class. The Tracker can be used in nine countries and 90 regions.
IDC Trackers
IDC Tracker products provide market size, vendor share, forecasts, and other information for hundreds of technology markets across more than 100 countries. IDC Trackers are created using proprietary tools and research processes. They are updated every quarter, monthly, and quarterly. Clients receive Tracker results in easy-to-use Excel deliverables as well as on-line query tools.
Click here to find out more about IDC’s entire suite of data products, and how to leverage them to help grow your business.
About IDC
International Data Corporation (IDC), is the world’s leading provider of market intelligence and advisory services. It also hosts events and other information for the consumer and business technology markets. IDC has more than 1,300 analysts around the world and offers local, regional and global expertise in technology, IT benchmarking, sourcing, industry opportunities, and trends in more than 110 countries. IDC’s insights and analysis are invaluable to IT professionals, business executives, investors, and others who need to make fact-based technological decisions to help them achieve their core business objectives. IDC, which was established in 1964, is a wholly owned subsidiary to International Data Group (IDG), one of the most respected tech media, data and marketing services companies in the world. For more information about IDC, visit www.idc.com. Follow IDC Twitter @IDC LinkedIn. Subscribe to the IDC blog for industry news, insights, and more
All company and product names can be registered trademarks or trademarks of their respective owners.