Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
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
Deutsche Aircraft Selects Honeywell to Provide High Frequency Radio System for the D328eco
11/21/2024 | HoneywellHoneywell has been selected by Deutsche Aircraft, a German aircraft manufacturer, to supply its Primus HF-1050 high-frequency (HF) radio system for the recently debuted 40-seater D328eco turboprop.
RTX's Pratt & Whitney and WZL2 Sign Letter of Intent for F100 Sustainment Work in Poland
11/21/2024 | RTXPratt & Whitney, an RTX business, signed a letter of intent with Wojskowe Zaklady Lotnicze Nr. 2 S.A., also known as WZL2, to explore expanded maintenance repair and overhaul capabilities for increased Polish Air Force needs.
Nano Dimension Posts Revenue of Revenue $14.9M in Q3 2024; Up 22% YoY
11/20/2024 | Nano DimensionNano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, today announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors.
Global Semiconductor Manufacturing Industry Records Strong Growth in Q3 2024
11/20/2024 | SEMIThe global semiconductor manufacturing industry in the third quarter of 2024 showed strong momentum with all key industry indicators performing positive quarter-on-quarter (QoQ) increases for the first time in two years.
Eltek Reports Q3 2024 Financial Results
11/20/2024 | PRNewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended September 30, 2024.