Escalation in the Utilization of UV LED Printer for Package Printing to foster the Growth of UV LED Printer Market in future“UV LED Printer Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”
The global UV LED printer market is segmented into application such as plastic printing, metal printing, ceramic printing, wood printing, glass printing and others. Among these segments, plastic printing segment is expected to occupy the top position in the market. Plastic UV LED printing segment is anticipated to grow on the back of growing packaging and label market. Moreover, development of technologically advanced UV LED printers such as 3D printing is expected to garner the growth of plastic printing market.
Global UV LED printer market is expected to grow at a noteworthy CAGR over the forecast period. Moreover, the global UV LED printer market is projected to attain significant revenue growth during the forecast period. The market is expected to expand owing to the wide scale utilization of UV LED printers.
Asia Pacific captured the largest market share of global UV LED printers in 2016. Furthermore, Asia Pacific grabbed more than 60% share in overall UV LED printer market. In Asia Pacific, China is the prominent market of UV LED printers. Additionally, export of UV LED printers to European Union and other countries is growing the market of China UV LED printers.
Wide Scale Application of UV LED Printers
Factors such as rising utilization of UV LED printers for packaging printing, label production and others is one of the key factors driving the growth of the global UV LED printers market. Further, versatility of UV LED printers such as durable imprints on wood, glass, metal, stone, plastic, fabric, vinyl and other substrates is envisioned to bolster the growth of the UV LED printers globally.
Technological Advancement of UV LED Printers
Development of advanced UV LED printers such as small size flatbed UV LED printer is expected to fuel the demand for the UV LED printers during the forecast period. Recently, 3D UV LED printers have been developed which further, is expected to substantially raise the demand for UV LED printers during the forecast period.
Although, high cost of UV LED printer and Eurozone economic crisis are some of the factors that are likely to inhibit the growth of the UV LED printer market in the near future.
The report titled “UV LED Printer Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global UV LED printer market in terms of market segmentation by application, by price range, by ink system and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global UV LED printer market which includes company profiling of Impression Technology, Roland DGA Corporation, Shenzhen Maxcan Printing Machinery Equipment Co. Ltd., MeiTu Digital Indusrty Co., Ltd., Direct Color Systems, Sun Innovations, Gateway Technology Industry Co., Ltd., Axis Enterprises, Techwin Technology Co., Ltd., YOTTA UV Printers. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global UV LED printer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.