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 of IDC’s Hardcopy Solutions research director said, “The global market is still limited by supply chain issues and other disruptive international events.” While we are seeing strong development that indicates strength on the demand end, there is no guarantee that all products will be available. This is an issue that could impact the market for industrial printers in 2022.
Q2 2022 Highlights
- The worldwide shipment of large format digital printers fell almost 2.5% compared with Q1 2022.
- When compared to previous quarters, 2Q22 saw a 22% increase in direct-to–garment (DTG). System value saw solid increases due to higher end unit growth.
- 2.2% increase in direct-to-shape printing shipments in Q22, 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 with 1Q22
Regional Analysis
Greene stated that it was more than any one industry or segment of technology, but regional market changes which drove the quarter’s total shipment lower. These are the highlights of 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 saw a 13% decline in 1Q22.
- The quarter ended with more than 12 percent growth in North American shipping (US + Canada).
- Modest growth in Western Europe, Latin America, and the Middle East & Africa regions helped offset some of the declines in other regions.
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Shipments from Worldwide Industrial Printers and Shipment Value Sharing and Sequential Growth Q2 2022 |
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Categories |
Part of 2Q22 Shipments |
Shipment Growth in 2Q22/1Q22 |
2Q22 Shipment Value Share |
2Q22/1Q22 Shipment Growth |
|
Garment direct |
1.4% |
+28% |
6.5% |
+52% |
|
Straight to Form |
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% |
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Source: IDC Worldwide Quarterly Industrial Printer Tracker September 2022 |
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Outlook Please see the following: The SEcond Half 2022
In the market for industrial printers, uncertainty continues to dominate. While global supply chain issues have improved significantly in the second quarter but global events still affect the industrial printer market. The outlook for 2022’s second half is still clouded by inflation and possible recession. The positive demand drivers have helped to offset some of these market disruptions.
IDC’s Worldwide Quarterly Industrial Printer Tracker gives market share and total market size for five market segments: large format and label packaging, industrial textile and direct-to-form. 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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