10 Percent Growth Forecast for Wide-Format Inkjet Printing

Lightwords Imaging, a digital imaging market research, analysis, and consulting agency specializing in wide-format inkjet printing, has released its latest industry market forecasts.

Lightwords forecasts the worldwide wide-format digital inkjet market to grow at a compound annual growth rate of 10 percent during 2015 through 2018, exceeding $24 billion in 2018. The forecast indicates strong revenue growth of wide-format inkjet hardware and supplies for aqueous CAD, textile, latex, and UV-curable markets, with aqueous graphics and solvent inkjet market interests decreasing due to PSPs retiring older wide-format printers and investing in new inkjet technologies at an increasing rate, according to the release.

“It’s exciting times for the entire wide-format inkjet supply chain. From manufacturers to service providers, there are some very profitable opportunities emerging for those willing and able to diversify into new markets,” says Peter Mayhew, managing director, in the release. “… Anyone with a business interest in the wide-format inkjet market needs to understand how the applications that are driving demand are affected by new technology.”

Lightwords focuses on seven key graphics applications in the wide-format market: textiles, technical/computer-aided design (CAD), P-O-P, OOH, event graphics, directional signage, and decorative graphics. The wide-format inkjet market forecast is available in Microsoft Excel workbook format with more than 150 tables and 40 charts detailing the worldwide and regional wide-format hardware, media, and ink markets.