‘Deepfake’ Components
Global Citizenship: Our Strength Comes From Working Together
Global Sourcing Spotlight: The Importance of Cooperative PartnershipsIndustrial 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
Creative Materials Presents Reliable Solutions: 110-19(SD) and 129-50LS-2, Offering Alternatives to Legacy Materials
10/02/2024 | Creative Materials, Inc.Creative Materials Inc., a leader in the development and manufacturing of advanced materials proudly announces the launch of two products,
Real Time with… SMTA Guadalajara 2024: Viscom's Approach to Automation
10/02/2024 | Real Time with... SMTA GuadalajaraNolan Johnson speaks with Juan Briceno, Vice President of Sales for Viscom, about the current state of the Mexican electronics market. Briceno reports that while the automotive and contract manufacturing sectors in Mexico remain strong, the industry as a whole is preparing for more purchases in late 2024 and early 2025. Briceno emphasizes the growing need for automated solutions and AI technologies to address the challenge of finding qualified personnel in the Americas.
Jabil Posts Q4, Fiscal Year 2024 Results
09/30/2024 | JabilJabil Inc., reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2024.
HBM3e 12-Hi Faces Yield Learning Curve and Customer Validation Challenges; 2025 HBM Supply Outlook Remains Uncertain
09/30/2024 | TrendForceConcerns over a potential HBM oversupply in 2025 have been growing in the market. TrendForce’s Senior Vice President of Research, Avril Wu, reports that it remains uncertain whether manufacturers will be able to ramp up HBM3e production as planned next year.
IDC Finds Global Gaming PC Market Recovered in Q2 2024, Fueled by Notebooks and Monitors
09/30/2024 | IDCAt approximately 10.6 million units shipped, gaming PCs saw a modest year-over-year recovery of 2.4% in the second quarter of 2024 (2Q24).