Lower Shipments, Modest Value Growth in Q3 2024 for Industrial Printer Market, According to IDC
NEEDHAM, Mass., December 17, 2024 – Shipments of industrial printers declined by 1.6% in Q3 compared to Q2 2024 according to the newest release from the International Data Corporation (IDC) Worldwide Quarterly Industrial Printer Tracker. “Total industrial printer shipments declined slightly in Q3, but gains in the Direct-to-Shape (DTS), Industrial Textile, and large format UV market drove growth of 1.1% in the total value of shipments, ” said Tim Greene, research director, Hardcopy Solutions at IDC. “We are seeing momentum in some of these smaller industrial printer segments that are offset by the modest declines in the large format printer markets. In several segments of the market we are going to need a strong Q4 for 2024 to match the shipment totals we saw in 2023.”
Worldwide Industrial Segment Highlights for Q3 2024
- Large format digital printer shipments declined by 1.8% compared to Q2 2024
- Direct-to-shape printer shipments grew 15.4% compared to Q2 2024
- Industrial textile printer shipments grew by 10.1% in Q3 2024
- Label & packaging printer shipments grew by 1.9% in Q3 compared to Q2
Regional Analysis for Q3 2024
- Japan and Latin America saw shipment growth in Q3. Shipments in Japan grew by 22.1% in Q3 while shipments in Latin America grew by 17.6%
- The European markets, Western Europe and CEMA, were soft in Q3 compared to Q2, with shipments of 14.8% and 6.6% respectively
- Shipments were also down in North America, declining 5.4% in Q3
- Shipments in PRC were almost exactly flat between Q3 and Q2
Worldwide Industrial Printer Shipments and Shipment Value Share and Sequential Growth, Q3 2024
| Product Category | 3Q24 Share of Shipments | 3Q24/2Q24 Shipment change | 3Q24 Share of Shipment Value | 3Q24/2Q24 Shipment Value Growth |
| Direct to Garment | 1.1% | +0.4% | 3.1% | 12.1% |
| Desktop Label | 8.8% | -4.1% | 3.1% | -6.6% |
| Direct to Garment | 1.1% | +6.6% | 2.8% | -6.3% |
| Direct to Shape | 1.6% | +15.4% | 3.1% | +17.0% |
| Industrial Textile | 0.8% | +10.1% | 10.3% | +18.9% |
| Label & Packaging | 0.5% | +1.9% | 14.5% | -8.5% |
| Large Format | 87.2% | -1.8% | 66.2% | +1.2% |
| Total | 100.0% | -1.6% | 100.0% | +1.1% |
Industrial Printer Tracker
IDC’s Worldwide Quarterly Industrial Printer Tracker provides total market size and vendor share for five major market categories: large format, label and packaging, direct to garment, industrial textile, and direct to shape. In addition to units, shipment value, and ASP, the Tracker also provides market results for each product category by ink type, media size, hardware class, or primary application across nine geographic regions and 90 countries.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC’s Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly Excel deliverables and on-line query tools.
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About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,200 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
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