|By Business Wire||
|June 20, 2014 08:30 AM EDT||
The worldwide large format printer (LFP) market recorded positive year-over-year results in both units (7.4%) and shipment value (3.7%) in the first quarter of 2014 (1Q14). This marks the third consecutive quarter of growth in both units and shipment value. According to the International Data Corporation (IDC) Worldwide Quarterly Large Format Printer Tracker, the worldwide LFP market recorded approximately 81,500 unit shipments in the first quarter of 2014.
"Shipments of UV-curable inkjet devices have been growing steadily over the past three years and IDC expects this trend to continue at a similar pace over the next 3 years," said Phuong Hang, Program Manager, Worldwide Large Format Printer Trackers.
- The technical segment increased 9.3% year over year to 49,500 units shipped and 61% share of the total LFP market in the first quarter. All of IDC's regional markets experienced positive year-over-year growth in this segment with four out of eight showing double-digit growth, including Asia/Pacific (excluding Japan) (10.5%), Japan (14.1%), Middle East & Africa (15.4%), and the U.S. (11.8%). Shipment value for this segment also grew 1.4% to more than $301 million in 1Q14.
- The graphics application segment grew 4.6% year over year and at 32,000 units accounts for 39% of the total LFP market. Five out of eight regional markets recorded year-over-year unit growth in this segment with Japan leading the pack at 22.4%, followed by Middle East & Africa and Canada at 18.7% and 12.8%, respectively. Similar to the technical segment, shipment value in graphics also expanded 5.3% year-over-year to over $493 million.
- HP remained the undisputed leader in the global LFP market with 39.8% unit share. The vendor grew 5.5% year over year to 32,500 units in the first quarter. HP remains the clear market leader in its traditional area of strength, the technical market, with more than two times the share of its next competitor, Canon. HP is the number three ranked vendor in the graphics market, trailing market leaders Epson and Canon.
- Canon climbed up one spot from a year ago to the number 2 position in the LFP market overall. The vendor ranked second in both the CAD and graphics segments with double-digit unit growth year over year, 18.8% and 16.6%, respectively. Canon also enjoyed significant year-over-year growth in its biggest regional markets for technical and graphics printers, growing 22.5% in Western Europe in the technical segment and 30.3% in Japan in the graphics space.
- Trailing Canon by less than 1 point in unit shipment share, Epson was the number 3 ranked vendor in the global LFP market with nearly 17,000 units shipped. The vendor grew 4.4% year over year to 20% share. Epson is the top vendor in the graphic applications segment, with close to three times the share of the next vendor, Canon. While technical printers are only a small part of its LFP sales, Epson grew its shipments in this segment by 7.4% over the previous year.
- Roland, which holds a 3.4% share of the overall LFP market, was the number 4 ranked vendor in the worldwide market. Roland’s shipments increased 12.4% year over year. Roland’s strength is the graphics market, where it held the fourth position worldwide and grew 4.1% from a year earlier.
- Ricoh rounded out the top 5 vendors worldwide with a three percent share of the worldwide LFP market, and enjoyed 4.0% unit growth compared to a year earlier. The vendor holds the number 4 spot in the technical market, where it saw a 3.8% gain year over year.
Worldwide Large Format Printer Shipment Value, Market Share, and Year-Over-Year Growth, First Quarter 2014 (shipment values in millions of US$)
|Vendors||1Q14 Shipment Value||1Q14 Market Share||1Q13 Shipment Value||1Q13 Market Share||1Q14/1Q13 Growth|
Source: IDC Worldwide Quarterly Large Format Printer Tracker, June 2014
- IDC tracks A2-A0+ devices in the LFP market
- The LFP market includes single-function printers, as well as multifunctional systems (MFPs). Data for all vendors are reported for calendar periods.
In addition to the table above, an interactive graphic illustrating worldwide unit shipment market share for the top 5 LFP vendors for 1Q14 and 1Q13 is available here. Instructions on how to embed this graphic into online news articles and social media can be found by viewing this press release on IDC.com.
For more information about IDC's Worldwide Quarterly Hardcopy Peripherals Tracker, please contact Phuong Hang ([email protected]).
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
All product and company names may be trademarks or registered trademarks of their respective holders.
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