Industrial Printer Shipments Show Modest Decrease in Q2 2022, According to IDC
NEEDHAM (Mass.), September 12, 2022 – 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 (research director at IDC, Hardcopy Solutions), stated that “the worldwide market remains hindered” by supply chain problems and other disruptive global 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.
- In 2Q22, direct-to-garment printer (DTG), shipments increased 22% compared with the preceding quarter. Solid gains in system value were achieved due to the higher growth of end units.
- 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.
- The shipments of industrial textile printers fell 28% in 1Q22
Regional Analysis
Greene noted that total shipments for this quarter were lower than in any industry segment or particular technology. 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 shipped 17% less than 1Q22, while Japan shipped 13% less than 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.
|
Shipments from Worldwide Industrial Printers and Shipment Value Sharing and Sequential Growth Q2 2022 |
||||
|
Products |
Part of 2Q22 Shipments |
2Q22/1Q22 Shipment growth |
2Q22 Part of Shipment Value |
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% |
|
Source: IDC Worldwide Quarterly Industrial Printer Tracker September 2022 |
||||
Outlook For The Second Half 2022
The dominant theme of the industrial printer market is uncertainty. While many global supply chain problems improved during the second quarter of 2018, global events continue to impact the sector. A potential recession and inflation continue to cloud the outlook in the second half 2022. These global worries have caused some market disruption, but many demand drivers are favorable.
IDC’s Worldwide Quarterly Industrial Printer Tracker gives market share and total market size for five market segments: large format and label packaging, direct-to-garment, 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.
IDC Trackers
IDC Tracker products give accurate market sizes, vendors share and forecasts in hundreds of technology markets across more than 100 countries. IDC tracks are created with proprietary tools and processes and updated monthly. 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 complete suite of data tools and learn how to leverage them for your business growth.
IDC
International Data Corporation is the world’s leading provider of market information, advisory services and events in the areas of consumer and business technology. IDC is home to more than 1,300 experts worldwide in IT, IT benchmarking, sourcing and the latest industry trends. IDC’s insight and analysis help IT professionals and business executives as well as the investment community make informed technology decisions to meet their business goals. IDC, which was established in 1964, is a subsidiary of International Data Group (IDG), a world-leading tech media, data and market services company. For more information about IDC visit www.idc.com. Follow IDC Twitter @ @IDC LinkedIn. Get industry information and insight by subscribing to the IDC Blog
Any company or product name may be trademarked, registered trademark, or a trade dress of the respective owners.