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, IDC research director, Hardcopy Solutions, stated that “the worldwide market is still hindered supply chain challenges as well as other disruptive global events.” “While there are some very strong developments that point to strength on demand, the availability across the board remains questionable. This is a factor that will impact the market for industrial printers in 2022.
Q2 2022 Highlights
- Globally, large format digital printers shipments fell by almost 2.5% in Q1 2022 compared with Q1.
- When compared with the previous quarter, 2Q22 saw a 22% increase in direct-to–garment (DTG-printer) shipments. Solid gains in system value were achieved due to higher end unit growth.
- The shipments of direct-to shape printers increased 5.2% in 2Q22 as 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 to 1Q22
Regional Analysis
Greene stated that total shipments were less than in any one industry or technology segment. 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’s declined 13% in 1Q22.
- The North American Shipments (US + Canada), increased by more than 12 percent compared to the quarter before.
- 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 Share, Q2 2022 |
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Product Type |
2Q22 Share of Shipments |
2Q22/1Q22 Shipment Increase |
2Q22 Share of Shipment Value |
2Q22/1Q22 Shipment Growth |
|
Direct to Garment |
1.4% |
+28% |
6.5% |
+52% |
|
Direct to Shape |
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 for September 2022 |
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Outlook For The Second Half 2022
The dominant theme in the industrial printing market is uncertainty. While global supply chain issues improved significantly in the second quarter of 2018, global events continue to impact the industry. The outlook for 2022’s second half is still clouded by inflation and a possible recession. However, most of these demand drivers are positive which has helped to offset some of this market disruption.
IDC’s Worldwide Quarterly Industrial Printer Tracker shows total market size and vendor share in five key market categories: large format and label and packaging, direct, garment, industrial textile, shape, and industrial textile. The Tracker not only shows units and shipment values, but also the average selling price and ASP. Additionally, it provides market results by ink type, media sizes, hardware classes, primary applications, and across nine geographic regions, as well as 90 countries.
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