Thursday 9 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Large Format Printer Market in the APAC Region: Canon Inc., HP Co., Ricoh Company Ltd., Roland Corp. and Seiko Epson Corp.
Other Prominent Vendors in the market are: Konica Minolta, Kyocera, Mutoh and Xerox.
Commenting on the report, an analyst from the report's team said: “The increased adoption of latex ink printers is a major trend upcoming in the market. Advantages offered by latex ink printers have prompted several buyers to adopt them. ”
According to the report, one of the key factors driving the market is the increased demand for direct-to-fabric printers. The growth of the Textile industry in the APAC region has increased the procurement of these types of LFPs, which are required to meet the demands for digital fabric printing.
Further, the report states that one of the factors hindering the growth of the market is high initial investment. Several end-users feel that the cost of LFPs is high, and, as such, it limits their investment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.