Home / Knowledge / News / Textiles / Digital wide format printer growth seen at 7% CAGR
Digital wide format printer growth seen at 7% CAGR
25
May '15
Overall revenue growth of the global wide format and speciality print community from 2007 to 2015 was about 9 per cent CAGR for the overall business and 7 per cent for digital wide format.

This is one among the key findings of the FESPA Print Census, the most far-reaching global industry survey ever conducted by the organisation, exposing six overarching trends driving the global wide format and speciality print community.

“Over 1200 respondents worldwide fully completed the extensive survey between May 2014 and April 2015 and the survey is part of an ongoing collaboration between InfoTrends and FESPA, a FESPA press release informed.

50 per cent of respondents were from the Americas, 42 per cent from Europe and 8 per cent from the Asia Pacific region.

Respondents including screen and digital printers made up for 34 per cent of all respondents, commercial, quick printers and reprographic shops 15 per cent, sign makers 13 per cent, graphic designers 7 per cent, advertising agencies 5 per cent and others.

New to this survey were industrial manufacturers that made up 8 per cent of respondents, representing an emerging community of digital print users.

80 per cent of respondents are very optimistic or fairly optimistic for their businesses and this exceeds their optimism for the industry as a whole by 14 per cent.

“This indicates that respondents feel confident in their own business growth strategies, while remaining less sure of the industry’s broader ability to evolve,” FESPA averred.

Looking at responses from developed markets, average revenues have more than doubled over the same period, from €3 million in 2007 to over €6.25 million in 2015.

“This translates in to overall revenue growth from 2007 to 2015 of about 9 per cent CAGR for the overall business and 7 per cent for digital wide format,” FESPA explained.

Customer demands are driving continued efforts to improve efficiency, enabling faster job turnaround, just-in-time delivery, delivery to the point of need, and versioning or personalisation.

At least 70 per cent of respondents expect these four key customer trends to increase or stay the same, reinforcing the notion that today’s print businesses are now customer-service driven.

Adoption of digital processes, including production systems, workflow, automation and web-to-print is motivated by these expectations.

Banners 49 per cent, posters 40 per cent, signs 38 per cent and billboards 37 per cent remain the top four products being produced by respondents.

A dramatic growth being experienced is in textiles for garments, textiles for décor and packaging samples, with close to 80 per cent of respondents reporting an increase in demand for these applications.

Respondents report increased adoption of digital production for many of these products, with garments, decals and printed electronics most frequently predicted to migrate to digital in the future.


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search