Worldwide Shipments of Industrial Printers Declined Slightly in Q3 2023, According to IDC

NEEDHAM, Mass., December 5, 2023 – International shipments of business printers declined 2.4% yr over yr within the third quarter of 2023 (3Q23), in line with new knowledge from the Worldwide Information Company (IDC) Worldwide Quarterly Industrial Printer Tracker. Nevertheless, the market contraction seems to be slowing as 3Q23 shipments had been down 1.2% in comparison with the earlier quarter (2Q23).

“The third quarter noticed an actual mixture of exercise,” mentioned Tim Greene, analysis director, Hardcopy Options at IDC. “We had softness within the direct-to-garment market, which offset development within the direct-to-shape, industrial textile, and label & packaging markets. Geographically, a slowdown in Western Europe and Latin America offset sturdy numbers in North America and the Asia/Pacific (excluding Japan and China) area this quarter.”

Worldwide Industrial Section Highlights for Q3 2023

• Giant format digital printer shipments declined 1.1% on a worldwide foundation in comparison with Q2 2023.
• Direct-to-garment (DTG) printer shipments fell by nearly 20% in comparison with the earlier quarter.
• Direct-to-shape printer shipments grew 4.5% in comparison with Q2 2023.
• Shipments within the industrial textile phase grew 17% sequentially within the quarter.
• Industrial digital label & packaging printer shipments grew by 2% in comparison with Q2 2023.

Regional Evaluation for Q3 2023

• North America noticed whole cargo development of 4% in Q3 2023.
• Central & Jap Europe had the best regional development price with shipments up by 14% in Q3 2023.
• Shipments in China declined barely (2.9%) after a really sturdy Q2 2023.
• Western Europe noticed cargo decline of 11.3% in 3Q23 in comparison with 2Q23.

IDC’s Worldwide Quarterly Industrial Printer Tracker gives whole market measurement and vendor share for 5 main market classes: giant format, label and packaging, direct to garment, industrial textile, and direct to form. Along with models, cargo worth, and ASP, the Tracker additionally gives market outcomes for every product class by ink sort, media measurement, {hardware} class, or major software throughout 9 geographic areas and 90 nations.

About IDC Trackers

IDC Tracker merchandise present correct and well timed market measurement, vendor share, and forecasts for a whole bunch of know-how markets from greater than 100 nations across the globe. Utilizing proprietary instruments and analysis processes, IDC’s Trackers are up to date on a semiannual, quarterly, and month-to-month foundation. Tracker outcomes are delivered to purchasers in user-friendly Excel deliverables and on-line question instruments.

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About IDC

Worldwide Information Company (IDC) is the premier international supplier of market intelligence, advisory providers, and occasions for the knowledge know-how, telecommunications, and client know-how markets. With greater than 1,300 analysts worldwide, IDC gives international, regional, and native experience on know-how, IT benchmarking and sourcing, and trade alternatives and developments in over 110 nations. IDC’s evaluation and perception helps IT professionals, enterprise executives, and the funding neighborhood to make fact-based know-how choices and to realize their key enterprise targets. Based in 1964, IDC is an entirely owned subsidiary of Worldwide Information Group (IDG), the world’s main tech media, knowledge, and advertising and marketing providers firm. To be taught extra about IDC, please go to www.idc.com. Observe IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Weblog for trade information and insights.

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