The New Chapter: The Benefits of Continuing Education
Marcy’s Musings: Boosting Your Inner Layer Precision and Production Outcomes
It’s Only Common Sense: You’ve Got to Hustle
Industrial Printer Shipments Were Flat Overall in Q2 2024 with Several Segments Showing Solid Growth
October 1, 2024 | IDCEstimated reading time: 1 minute
Worldwide shipments of industrial printers grew a modest 0.1% year over year in the second quarter of 2024 (2Q24). However, the market saw shipment growth of 1.0% compared to the first quarter of 2024, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Industrial Printer Tracker.
"While the large format segment grew less than 1% in the second quarter, other segments of the industrial printer market showed some promising growth," said Tim Greene, research director, Hardcopy Solutions at IDC. "We saw solid growth in both the direct-to-shape and industrial textile printer segments, and we continue to see the move from direct-to-garment (DTG) into direct-to-film (DTF), which is a subset of the large format printer numbers. The gains in these segments helped the overall market to remain effectively flat through the first half of 2024 compared to 2023."
Worldwide Industrial Segment Highlights for Q2 2024
- Large format printer shipments grew 0.2% compared to Q2 2023.
- Direct-to-shape printer shipments grew 10.1% year over year.
- Industrial textile printer shipments grew by 15.9% compared to Q2 2023.
- Label & packaging printer shipments grew 25.7% year over year.
Regional Analysis for Q2 2024
- North America saw total shipment growth of 3.8% compared to Q1 2024.
- Asia/Pacific declined 0.2% compared to the first quarter of 2024 with solid growth in China offsetting soft results in the rest of the region.
- Western and Eastern Europe both delivered solid growth compared to Q1 2024.
Share on:
Suggested Items
Boeing Commits to Expand South Carolina Operations
12/20/2024 | BoeingBoeing announced it plans to expand its operations in Charleston County. The company plans to invest $1 billion in infrastructure upgrades at its existing site and create 500 new jobs over the next five years.
Cicor Publishes Nine-month Results Report due to OEP Mandatory Offer
12/20/2024 | CicorCicor Group is publishing a nine-month report today. OEP has published a mandatory offer after it converted its Mandatory Convertible Bonds (MCNs) and thereby crossed the mandatory offer threshold.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
12/20/2024 | Nolan Johnson, I-Connect007Hey, wait a minute, this is the lead-up to the penultimate holiday week, so why is the news cycle so busy? Normally, this period of time—what with all the holiday distraction—is when companies either go quiet or publish press releases covering those throwaway news items. Instead, this week brought in so much important news that I had to be quite discerning in my choices. Newsletter subscribers definitely got a lot of news this week.
Siemens Extends Veloce Hardware-assisted Verification Support of EPGM Ethernet to 1.6 Tbps
12/18/2024 | SiemensSiemens Digital Industries Software announced today an extension of its Veloce™ hardware-assisted verification platform to support 1.6 Tbps Ethernet. As a core component of the Siemens software/hardware and system validation platform, Veloce delivers complete virtual models to support Ethernet Packet Generator and Monitor (EPGM) Ethernet port speeds up to 1.6 Tbps.