Based on the data from IDC, all segments of the industrial printer market began to recover from the COVID-19 crisis in the last third quarter.
Worldwide Market Segment Highlights:
l Compared with 2Q20, large format printer shipments grew 53% in the last third quarter.
l New direct-to-shape printer shipments increased rapidly (44%) in 3Q20 compared to 2Q20.
l Shipments in the direct-to-garment segment increased (22%) in 3Q20 compared to 2Q20.
l Label & Packaging printer shipments grew more than 34% quarter over quarter in 3Q20.
l Industrial Textile printer shipments slight grew (13%) in 3Q20 compared to the previous quarter in 2020.
l Europe, the Middle East, and Africa (EMEA) showed the strongest signs of recovery in 3Q20 with unit shipments growing 40% compared to 2Q20
l In North America market, industrial printer shipments increased 36% in 3Q20 compared to the previous quarter in 2020.
l Shipments in Asia/Pacific (excluding Japan) continued the recovery that began in 2Q20 with quarter-over-quarter growth of 24%
l Total industrial printer shipments in Japan grew 28% in 3Q20 compared to 2Q20
“After consecutive quarters of steep declines due to the economic impact from the pandemic, we saw important signs of recovery in the third quarter,” said Tim Greene, research director, Hardcopy Solutions at IDC. “The digital printing products included in the Industrial Printer Tracker are playing a role in combatting the pandemic and in creating products that will help global economies get back on track. This includes products that enable on-demand garment production, high-speed inkjet equipment that accelerates time to market for consumer packaged goods, and the creation of social distancing markers for safer retail shopping experiences. These products will be more in demand as companies re-evaluate their supply chains to respond to market demands faster.”