NEEDHAM, Mass., June 14, 2022 – Industrial printer shipments declined 2.1% year over year in the first quarter of 2022 (1Q22), according to new data from the International Data Corporation (IDC) Worldwide Quarterly Industrial Printer Tracker.
Tim Greene (research director at Hardcopy Solutions, IDC) stated that “shipments started out relatively soft” at the start of the year. The market faces supply chain problems, war and pandemics that can all lead to inconsistent supply-demand cycles.
International Highlights in the Industrial Segment for Q1 2022
- The bulk of industrial printers were shipped in large format and the shipments fell by less than 2 percent between Q4 2021 and 1Q22.
- In spite of strong numbers at high-end markets, dedicated direct-to-garment printer (DTG), shipments fell again in the 1Q22. Dedicated DTG printers are being replaced by aqueous direct to film printers.
- Direct-to-shape printer shipments declined 12.5% quarter over quarter in 1Q22.
- Digital label & packaging printer shipments declined 8.9% sequentially in 1Q22.
- Exports of industrial textile printers were up 4.6% in the world compared with Q4 2021
Analyse Regional
- The war in Ukraine caused a drop in shipping volumes in Central Europe by nearly 25%. Numerous industrial printer producers have stopped operating in this region.
- Japan saw the strongest growth, with shipments increasing more than 20% annually.
- For the quarter, North America shipped 4.5% more than Western Europe.
- As the Asia/Pacific region continued to face high levels of pandemic, the decline was more than 5%.
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The Worldwide Industrial Printer Shipment share, Sequential Shipment Growth and Shipment Value Share are Q1 2022. |
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Categories |
1Q22 Part of Shipments |
1.Q22/4.Q21 Shipment Growth |
1Q22 Part of Shipment Value |
1Q22/4Q21 Shipment Growth |
|
Garment directly |
1.7% |
-13.5% |
6.6% |
-2.9% |
|
From the Source |
1.2% |
-12.5% |
2.8% |
-11.3% |
|
Industrial Textile |
0.5% |
4.6% |
6.9% |
-4.8% |
|
Label & Packaging |
0.3% |
-8.9% |
11% |
-20.3% |
|
Large format |
96.3% |
1.7% |
72.8% |
-8.6% |
|
Total |
100% |
3.2% |
100% |
-9.5% |
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Source: IDC Worldwide Quarterly Industrial Printer Tracker June 2022 |
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Outlook For 2022
Industrial printers saw their activity drop in several key areas due to supply chain issues, ongoing pandemic, as well as the Russia-Ukraine War. Trade shows resumed, sustainable textile printing is being pursued, as well as reopening retail, are all driving the demand.
IDC’s Worldwide Quarterly Industrial Printer Tracker shows total market sizes and vendor shares for five main market sectors: large format, label, packaging, direct, garment, textile, and direct-to shape. Tracker data includes shipment values, units and average selling prices (ASP). It also shows market trends for each product type by ink type and media size. The Tracker can be used to determine primary applications across nine countries and 90 regions.
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