(Norwell, MA) February 17, 2004…According to a new CAP Ventures’ white paper, the large format UV-curable inkjet printer market is expected to grow from just a few hundred units shipped in 2002 to over 1,400 units in 2007, a compound annual growth rate (CAGR) of 56%. Recently introduced and soon-to-be introduced mid-volume units at lower price points will help propel the UV-curable inkjet hardware market into fantastic growth rates over the next few years.
The new white paper entitled, Large-Format UV-Curable Systems Poised for Takeoff examines the solutions and supplies for large format UV-curable inkjet printers on the market today, and forecasts the growth of UV-curable systems through 2007.
UV-curable inkjet systems encompass all the traditional advantages of digital printing systems, including cost effective shorter-run lengths, a streamlined work process with lower labor costs, and faster production time. UV-curing printing systems also offer the ability to print outdoor durable graphics on a wide variety of substrates while exhibiting low or no VOC emissions, which makes for a more environmentally sound product. Additionally, UV-curable inkjet allows users to expand their capability to produce industrial applications such as packaging or textile printing.
“Investment dollars are pouring into the UV-curable market from around the world. There are already about a dozen suppliers offering UV-curable inkjet solutions. Some of these companies are major screen printing suppliers, while others come from the large format digital market,” commented Tim Greene, an Associate Director at CAP Ventures. “Factor in sales of hardware and supplies, and UV-curable systems are by far the fastest growing aspect of the large format digital printing market. Clearly, UV-curable inkjet is the next big thing.”
CAP Ventures’ white paper is available immediately to clients of the Visual Communications Technologies Consulting Service. For more information about the report or to make a purchase, please contact Stewart MacDonald at (781) 871-9000, ext. 175 or via e-mail at [email protected]