Industrial printer shipments hit by pandemic in Q2 2020
Industrial printer shipments were significantly affected by the COVID-19 crisis worldwide in the second quarter of this year. Its market, comprising the large format, packaging & label, direct-to-shape, direct-to-garment and industrial textile printer segments, saw worldwide shipments decline by 46.8 per cent year on year (YoY) in the quarter, according to International Data Corporation (IDC).
The Asia-Pacific region showed the start of a recovery in the second quarter, with shipment growth compared to the first in the direct-to-shape, industrial textile, large format and label & packaging segments. Shipments in North America declined by over 20 per cent while those in Europe declined by almost 42 per cent compared to the first quarter, said IDC’s new Worldwide Quarterly Industrial Printer Tracker.
"While our research indicates many global manufacturers are rethinking supply chains to meet resilience and sustainability goals, those are longer-term initiatives. Shipments and hardware revenue across the large format and industrial printer market have declined due to near-term challenges such as government shutdowns and capital budget cuts," Tim Greene, research director, hardcopy peripherals at IDC, said in a press release..
Shipments in the direct-to-garment, direct-to-shape, label & packaging and large format printer segments respectively declined by over 20 per cent, over 26 per cent , 12.5 per cent and 25 per cent in the second quarter compared to the first.
Industrial Textile printer shipments contracted just 7 per cent compared to the first quarter, with growth in the Asia-Pacfic region offsetting declines in other regions.
IDC expects both units and shipment value will stabilise in the second half of 2020 as the different geographic regions go through different phases of recovery. 2021 is still expected to be a recovery year as IDC anticipates economic recovery and supply chain digitization to drive investments in more flexible manufacturing technologies such as industrial printing solutions.