NEEDHAM, Mass., December 5, 2023 – World shipments of business printers declined 2.4% yr over yr within the third quarter of 2023 (3Q23), based on new knowledge from the Worldwide Information Company (IDC) Worldwide Quarterly Industrial Printer Tracker. Nevertheless, the market contraction seems to be slowing as 3Q23 shipments had been down 1.2% in comparison with the earlier quarter (2Q23).
“The third quarter noticed an actual mixture of exercise,” stated Tim Greene, analysis director, Hardcopy Options at IDC. “We had softness within the direct-to-garment market, which offset progress within the direct-to-shape, industrial textile, and label & packaging markets. Geographically, a slowdown in Western Europe and Latin America offset robust numbers in North America and the Asia/Pacific (excluding Japan and China) area this quarter.”
Worldwide Industrial Section Highlights for Q3 2023
- Massive format digital printer shipments declined 1.1% on a worldwide foundation in comparison with Q2 2023.
- Direct-to-garment (DTG) printer shipments fell by nearly 20% in comparison with the earlier quarter.
- Direct-to-shape printer shipments grew 4.5% in comparison with Q2 2023.
- Shipments within the industrial textile phase grew 17% sequentially within the quarter.
- Industrial digital label & packaging printer shipments grew by 2% in comparison with Q2 2023.
Regional Evaluation for Q3 2023
- North America noticed whole cargo progress of 4% in Q3 2023.
- Central & Jap Europe had the very best regional progress price with shipments up by 14% in Q3 2023.
- Shipments in China declined barely (2.9%) after a really robust Q2 2023.
- Western Europe noticed cargo decline of 11.3% in 3Q23 in comparison with 2Q23.
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Worldwide Industrial Printer Shipments and Cargo Worth Share and Sequential Progress, Q3 2023 |
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Product Class |
3Q23 Share of Shipments |
3Q23/2Q23 Cargo Progress |
3Q23 Share of Cargo Worth |
3Q23/2Q23 Cargo Worth Progress |
|
Direct to Garment |
1.3% |
-19.8% |
3.1% |
-15.6% |
|
Direct to Form |
1.4% |
+4.5% |
3.0% |
+4.5% |
|
Industrial Textile |
0.7% |
+17.1% |
7.3% |
+34.3% |
|
Label & Packaging |
0.3% |
+2.1% |
14.8% |
+4.4% |
|
Massive Format |
96.4% |
-1.1 |
71.7% |
-0.5% |
|
Complete |
100% |
-1.2% |
100% |
+1.7% |
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Supply: IDC Worldwide Quarterly Industrial Printer Tracker, December 2023 |
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IDC’s Worldwide Quarterly Industrial Printer Tracker gives whole market dimension and vendor share for 5 main market classes: giant format, label and packaging, direct to garment, industrial textile, and direct to form. Along with models, cargo worth, and ASP, the Tracker additionally gives market outcomes for every product class by ink kind, media dimension, {hardware} class, or major software throughout 9 geographic areas and 90 nations.
About IDC Trackers
IDC Tracker merchandise present correct and well timed market dimension, vendor share, and forecasts for tons of of expertise markets from greater than 100 nations across the globe. Utilizing proprietary instruments and analysis processes, IDC’s Trackers are up to date on a semiannual, quarterly, and month-to-month foundation. Tracker outcomes are delivered to purchasers in user-friendly Excel deliverables and on-line question instruments.
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About IDC
Worldwide Information Company (IDC) is the premier international supplier of market intelligence, advisory companies, and occasions for the knowledge expertise, telecommunications, and client expertise markets. With greater than 1,300 analysts worldwide, IDC presents international, regional, and native experience on expertise, IT benchmarking and sourcing, and trade alternatives and tendencies in over 110 nations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding neighborhood to make fact-based expertise choices and to attain their key enterprise aims. Based in 1964, IDC is an entirely owned subsidiary of Worldwide Information Group (IDG), the world’s main tech media, knowledge, and advertising and marketing companies firm. To study extra about IDC, please go to www.idc.com. Observe IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Weblog for trade information and insights.
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