(Weymouth, MA) August 30, 2005… InfoTrends/CAP Ventures’ worldwide projections for wide format solvent-based inkjet printers show that some segments of the market are in decline in revenue terms, due to increased competition from Asian suppliers and from UV-curable inkjet printers. New data projects total worldwide hardware revenues for this market to peak at $1.09 billion in 2007.
Figure 1: Worldwide Wide Format Solvent-Based Inkjet Printer Revenues ($Millions)
The two primary reasons for the hardware revenue peak in 2007 are the lower per-unit prices, and a purchasing shift from high-end wide format solvent-based inkjet printers to UV-curable inkjet technology that is environmentally safer and offers rigid substrate and roll-to-roll printing capability, as well as comparable outdoor durability.
To combat this trend, wider mid-range solvent systems that are very productive and less expensive are being introduced. These mid-range devices can be viewed as alternatives to the high-end systems, and they require half the investment and half the space of high-end systems. The low-end eco-solvent market is also showing promise. Their low prices and integrated cutting systems have made them one of the fastest growing wide format segments.
“We continue to see strong growth in mid-range and low-end solvent-based inkjet printing systems over the forecast period, despite intense competition for the revenue streams for ink and media products, and pressure from alternative printing technologies, especially UV-curable inkjet,” commented Tim Greene, Director at InfoTrends/CAP Ventures.
InfoTrends/CAP Ventures’ forecast entitled Wide Format Solvent-Based Inkjet Printer and Supplies Market Forecast: 2004-2009 provides detailed coverage of wide format solvent-based inkjet printing systems on a worldwide basis between 2004 and 2009. It includes product segmentation, annual shipments, installed base, average selling prices, and system revenues (hardware, ink, media, and services) for this important technology.
The forecast is available immediately to clients of InfoTrends/CAP Ventures’ Visual Communications Technologies Consulting Service. For more information about the report or to make a purchase, visit our online store or contact Alison Hipp at , ext. 126 or .
InfoTrends/CAP Ventures is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. We provide research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. Additional information about InfoTrends/CAP Ventures is available on the Web at www.infotrendsresearch.com.