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, Hardcopy Solutions at IDC) stated, “The worldwide market remains hindered by supply chains challenges and other disruptive international events.” “While there are some very strong developments that show strength on the demand side of the market, the availability across the board remains questionable. This is a factor that will impact the industrial printer market in 2022.”
Q2 2022 Highlights
- Globally, large format digital printer shipments fell by almost 2.5% in Q1 2022 compared with Q1 2022.
- When compared with the previous quarter, 2Q22 saw a 22% increase in direct-to–garment (DTG), printer shipment. System value saw solid gains 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 noted that total shipments for the quarter were lower than in any 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 shipped 17% less than 1Q22, while Japan shipped 13% less than 1Q22.
- Shipments to North America (US + Canada), increased by more than 12 percent compared with the previous quarter.
- 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 of Industrial Printers Worldwide and Shipment Val Share and Sequential Growth Q2 2022 |
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|
Product Type |
2Q22 Share of Shipments |
2Q22/1Q22 Shipment growth |
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 many of the global supply chain problems improved in the second quarter however, the industry is still affected by global events. The outlook for 2022’s second half is still clouded by inflation and a possible recession. These global concerns are causing market disruption but some demand drivers have been positive, which has helped to offset some of it.
IDC’s Worldwide Quarterly Industrial Printer Tracker shows total market size and vendor share in five key market segments: 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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About IDC
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