Multi-Client Study

SUMMARY

[2018 version of Inkjet Printing Market Forecast]

=Detailed analysis of hardware devices, inks, and printheads traded in growing

markets of textiles, commercial printing, and packaging printing=

June 2018

Data Supply Inc.

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<<Table of Contents>> A. Comprehensive Analysis 1. Overall shipment trend of industrial inkjet devices (2015 to 2021) ······································ 1 2. Digital applications versus analog applications of industrial inkjet devices ·························· 2 3. Market share of sales of industrial inkjet business by inkjet maker (2017) ··························· 3 4. Shipment trend of hardware device market (2015 to 2021) ················································ 4

1) Shipment volume 2) Shipment value 5. Shipment trend of inks ································································································ 6

5-1. Shipment trend by market (2015 to 2021) 5-2. Shipment trend by type of inks (2015 to 2021) 5-3. Trend of ink technology by market ········································································· 10 5-4. Trend of ink price by market ················································································· 11

6. Shipment trend of printheads (2015 to 2021) ································································· 12 1) Shipment value 2) Trend of printhead applications by market

7. Major M&A in industrial inkjet markets ······································································ 14 8. Comparison to other related markets ··········································································· 16

B. Inkjet Market B-1. Graphics and technical market ················································································ 17 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ··························· 17 2. Digital versus analog ······························································································· 18 3. Market share of sales of graphics and technical business by inkjet maker (2017) ··············· 19

4. Shipment trend by application of hardware devices (graphics / technical from 2015 to 2021) ········ 20 1) Shipment volume 2) Shipment value

3) Market share of shipment volume by maker (2017) (1) Overall (2) Graphics market (3) Technical market

5. Shipment trend by type of inks (water-based dye / water-based pigment from 2015 to 2021) ····· 23 1) Shipment volume 2) Shipment value 3) Trend of ink technology 4) Trend of ink price 6. Trend of printhead applications ················································································· 25 7. Trend of individual makers ······················································································· 26 [1] HP [2] Seiko Epson [3]Canon [4] Ricoh [5] Mutoh Industries

8. List of major devices of each maker (5 makers) ···························································· 29 B-2. Signage market ····································································································· 31 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ··························· 31

2. Digital versus analog ······························································································· 32 3. Market share of sales of signage business by inkjet maker (2017) ··································· 33 4. Shipment trend of hardware devices by type of inks (solvent / UV / latex from 2015 to 2021) ········ 34 1) Shipment volume 2) Shipment value 3) Market share of shipment volume by maker 5. Shipment trend by type of inks (solvent / eco-solvent / UV / latex from 2015 to 2021) ········· 37 1) Shipment volume 2) Shipment value 3) Trend of ink technology 4) Trend of ink price

6. Trend of printhead applications ················································································· 40 7. Trend of individual makers ······················································································· 41 [1] HP (USA) [2] EFI (USA) [3] Mimaki Engineering [4] Roland DG [5] Canon (Océ) [6] Seiko

Epson [7] Others [7]-1. Japanese makers (1) Mutoh Industries (2) OKI Data Infotech (3) Ricoh (4) Screen (Inca Digital Printers) [7]-2. Western makers (1) Agfa-Gevaert (2) Durst Phototechnik AG (3) SwissQprint AG [7]-3. Chinese makers (1) Beijing JHF Technology (2) Fei Yeung Union (3) Gongzheng Group (4) Shenzhen Runtianzhi Digital Equipment (FLORA) (5) Alpha Digital Technology (6) Anhui Liyu Computer Equipment Manufacturing (7) Beijing Kincolor Digital Technology (8) Bengbu Wan Lida Digital Color Printing Equipment (9) Blueprint Digital Technology (Kunshan) (10) DongGuang Wonder Digital Printing System (11) Gateway Technology Industry (12) Glitter International Trading (Beijing) (13) Grando Digital Technology (14) Guangzhou EGERI Digital Technology (15) Guangzhou Hong Ying Electronic Equipment (16) Guangzhou Jiecai Electronic Equipment (17) Guangzhou Nuocai Digital Products (18) Guangzhou Tosun Digital Technology (19) Guangzhou Xucheng Electronic Technology (20) Huizhou Houng Digital Equipment (21) Human Digital Technology (Shanghai) (22) Liaoning Zhongye Technology and Industry Development (23) Loly Digital Printing Machine (TAIMES) (24) Nanjing Forni Digital Technology (25) Nanjing Fortune-lit Digital Technology Industry (26) Nanjing KEDITEC

Digital Technology (KEUNDO China) (27) Oric Digital Technology (28) Pentum Industrial Printer (29) Raster Digital Technology (YASELAN) (30) Shandong Haibangda Electromechanical Technology (31) Shanghai ALLWIN digital technology (32) Shanghai Big Color Industrial Development (33) Shanghai Docan Tech (34) Shanghai Funsun Digital & Technology (35) Shanghai Gethray Digital Technology (36) Shanghai Huidi Digital Technology (37) Shanghai Smart Digital Technology (38) Shanghai Teckwin technology Development (39) Shanghai Wit-Color Digital Science & Technology (40) Shenzhen Kwinner Industry (41) Shenzhen Mootoom Engineering (42) Shenzhen Yishan Digital Technology (43) Shenzhen Yueda Printing Technology (44) Sky Air-ship Digital Printing Equipments (45) Universal Phaeton Digital Equipment (46) Wuhan Yili Electronics (47) Titanjet (48) Unis-zy (49) AOJET (50) GuangZhou JiHui Electronic Equipment Co., LTD

8. List of major devices of each maker (70 makers) ··························································· 56 B-3. Textile market ······································································································ 74 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ··························· 74 2. Digital versus analog ······························································································· 75 3. Market share of sales of textile business by inkjet maker (2017) ····································· 76 4. Shipment trend by type of hardware devices (DTF / sublimation transfer / DTG from 2015 to 2021) ··· 77

4-1. Overall 1) Shipment volume 2) Shipment value 4-2. Shipment trend of DTF & sublimation transfer printers by speed segment

1) Shipment volume 2) Shipment value 3) Market share of shipment volume by maker (2017) (1) DTF (MIF-based) (2) Sublimation transfer (shipment volume-based)

4-3. Shipment trend of DTG 1) Shipment volume 2) Shipment value 3) Market share of shipment volume by maker (2017) ① For mass production use ② For entry-level use

5. Shipment trend of inks by type (2015 to 2021) ····························································· 86 5-1. Shipment trend by type of hardware devices 1) Shipment volume 2) Shipment value

5-2. Shipment trend by type of inks ·········································································· 88 (reactive / dispersion / acid / sublimation transfer / pigment) 1) Shipment volume 2) Shipment value 3) Market share by ink maker ① DTF ink

② Sublimation transfer ink 4) Trend of ink technology 5) Trend of ink price 6. Trend of printhead applications ················································································· 92 7. Trend of individual makers ······················································································· 94

7-1. Major DTF printer makers ·················································································· 94 [1] MS Printing Solutions (Dover) [2] Reggiani (EFI) [3] Robustelli (Seiko Epson) [4] Konica Minolta [5] Durst [6] Aleph [7] La Meccanica (Mimaki) [8] Others

7-2. Major sublimation transfer printer ······································································· 99 [1] Seiko Epson [2] Mimaki Engineering [3] Others

7-3. Major DTG printer makers ················································································ 100 [1] Kornit Digital [2] Seiko Epson [3] Brother Industries [4] Ricoh/AnaJet [5] Mutoh Industries

8. List of major devices of each maker (43 makers) ························································· 102 8-1. DTF / sublimation transfer (28 makers) 8-2. DTG (15 makers)

B-4. Transaction market ····························································································· 111 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ························· 111 2. Digital versus analog ····························································································· 112 3. Market share of sales of transaction business by inkjet maker (2017) ···························· 113 4. Shipment trend by size (2015 to 2021) ······································································ 114

1) Shipment volume 2) Shipment value 3) Market share of shipment volume by maker (2017)

5. Shipment trend by type of inks (water-based pigment / water-based dye from 2015 to 2021) ····· 117 1) Shipment volume 2) Shipment value 3) Trend of ink technology 4) Trend of ink price 6. Trend of printhead applications ··············································································· 119 7. Trend of individual makers ····················································································· 120

[1] Canon (Océ) [2] Ricoh [3] HP [4] Screen [5] Kodak [6] Xerox 8. List of major devices of each maker (9 makers) ·························································· 123

B-5. Commercial printing market ················································································· 125 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ························· 125 2. Digital versus analog ····························································································· 126 3. Market share of sales of commercial printing business by inkjet maker (2017) ················ 127 4. Shipment trend by type of hardware devices (continuous-feed / sheet-feed from 2015 to 2021) ··· 128

1) Shipment trend by size 2) Shipment value by size 3) Market share of shipment volume by maker (2017)

(1) Continuous-feed (2) Sheet-feed 5. Shipment trend by type of inks (water-based pigment / UV from 2015 to 2021) ··············· 131 1) Shipment volume 2) Shipment value 3) Trend of ink technology 4) Trend of ink price 6. Trend of printhead applications··············································································· 133 7. Trend of individual makers····················································································· 134

[1] HP [2] Canon(Océ) [3] Kodak [4] Fujifilm [5] Konica Minolta 8. List of major devices of each maker (8 makers) ·························································· 137

B-6. Labels and packaging market ················································································ 138 1. Overall shipment value (hardware devices and inks from 2015 and 2021) ······················ 138 2. Digital versus analog ···························································································· 139 3. Market share of sales of labels and packaging business by inkjet maker (2017) ·············· 140 1) Overall 2) Label printing market 3) Packaging printing market 4. Shipment trend by application ················································································ 141

1) Shipment volume (labels / packaging from 2015 to 2021) 2) Shipment value 3) Market share of shipment volume by maker (2017)

(1) Labels market (2) Packaging market 5. Shipment trend by application and type of inks ························································· 144

1) Shipment trend by application (labels / packaging from 2015 to 2021): (1) Shipment volume (2) Shipment value 2) Shipment trend by type of inks (water-based pigment / UV from 2015 to 2021) (1) Shipment volume (2) Shipment value 3) Trend of ink technology (1) Label printing (2) Corrugated and folding carton printing

(3) Flexible packaging printing 4) Trend of ink price 6. Trend of printhead applications: Label printing / packaging printing 7. Trend of individual makers ···················································································· 150

7-1. Major label printer makers [1] Seiko Epson [2] Durst [3] Domino (Brother) [4] Xeikon [5] Others

7-2. Major packaging (corrugated, folding carton, and flexible packaging) printer makers [1] HP [2] Durst [3] Fujifilm [4] EFI [5] Heidelberger [6] Landa

8. List of major devices of each maker (15 makers) ························································ 155 1) Labels (8 makers) 2) Packaging (7 makers)

B-7. Marking and coding market ·················································································· 157 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ······················ 157 2. Digital versus analog ··························································································· 158

3. Market share of sales of marking and coding business by inkjet maker (2017) ·············· 159 4. Shipment trend by type of hardware devices (CIJ / DOD from 2015 to 2021) ················ 160

1) Shipment volume 2) Shipment value 3) Market share of shipment volume by maker (2017)

5. Shipment trend by type of inks (solvent / UV from 2015 to 2021) ································ 163 1) Shipment volume 2) Shipment value 3) Trend of ink technology 4) Trend of ink price 6. Trend of printhead applications ············································································· 165 7. Trend of individual makers ··················································································· 166

[1] Videojet Technologies [2] Markem-Imaje [3] Domino Printing Sciences [4] Hitachi Industrial Equipment Systems [5] Kishu Giken [6] Others

8. List of major devices of each maker (6 makers) ························································ 169

B-8. Ceramic tiles and building material market ····························································· 172 1. Overall shipment value (hardware devices and inks from 2015 to 2021) ······················· 172 2. Digital versus analog ···························································································· 173

3. Market share of sales of ceramic tiles and building material business by inkjet maker (2017) ······· 174 4. Shipment trend by application of hardware devices ·················································· 175

(ceramic tiles/building material from 2015 to 2021) 1) Shipment volume 2) Shipment value

3) Market share of shipment volume by maker (2017) 5. Shipment trend by type of inks (oil-based / water-based from 2015 to 2021) ·················· 178 1) Shipment volume 2) Shipment value 3) Trend of ink technology 4) Trend of ink price

6. Trend of printhead applications ············································································· 180 7. Trend of individual makers ··················································································· 181

[1] Sacmi [2] Durst [3] KERAjet [4] EFI Cretaprint [5] System Ceramics [6] SITI-B&T [7] Tecno Ferrari [8] Chinese makers ① Foshan Meijia Ceramic Equipment

② Hope Ceramic Machinery Equipment ③ Keda Clean Energy ④ Shanghai Tecwin technology Development ⑤ Shenzhen Runtianzhi Digital Equipment (FLORA)

8. List of major devices of each maker (12 makers) ······················································· 187 C. Inkjet Printhead Market ······················································································ 189

1. Changes in shipment value by maker (2015 to 2021) ··················································· 189 2. Breakdowns of total shipment value by market (2017) ················································ 190 3. Summary of each maker ························································································· 191

[1] Fujifilm Dimatix [2] Xaar [3] Kyocera [4] Seiko Epson [5] Ricoh [6] Konica Minolta [7] SII Printek [8] Toshiba TEC [9] Panasonic

4. List of devices by industrial inkjet printhead maker (9 makers) ···································· 200 D. Related Market D-1. Shipment trend of home- and office-use inkjet printers (2015 to 2021) ························· 205

1) Shipment volume 2) Shipment value 3) Market share of sales by maker (2017) D-2. Shipment trend of electrophotographic products (2015 to 2021) ·································· 208

1) Shipment volume 2) Shipment value 3) Market share of sales by maker (2017)

E. Individual Makers E-1. Business summary of 18 major makers ··································································· 211

[1] HP [2] Canon [3] Seiko Epson [4] Danaher [5] Dover [6] Fujifilm [7] EFI [8] Brother Industries [9] Mimaki Engineering [10] Ricoh [11] Roland DG [12] Agfa-Gevaert [13] Durst [14] Screen [15] Konica Minolta [16] Mutoh Industries [17] Kodak [18] Kornit

E-2. Overview of each maker ························································································ 229 E-2-1. Japanese makers ··························································································· 229

[1] Iwatsu [2] SII Printek [3] OKI Data Infotech [4] Kao [5] Kishu Giken Kogyo [6] Canon [7] Kyocera [8] Konica Minolta [9] Komori Corporation [10] Sakata INX [11] Shima Seiki [12] Screen Graphic Solutions [13] Seiko Epson [14] Seiren [15] DIC [16] Duplo [17] Toshiba TEC [18] Toshin Kogyo [19] Tokyo Kikai Seisakusho [20] Toyo Ink [21] Panasonic [22] Hitachi Industrial Equipment Systems [23] Fujifilm [24] Mimaki Engineering [25] Miyakoshi [26] Mutoh Industries [27] Ricoh [28] Roland DG

E-2-2. Overseas makers (in alphabetical order) ···························································· 243 [1] Agfa-Gevaert N.V. (Belgium) [2] Aleph (Italy) [3] Biporin (Indonesia) [4] Buskro (Canada) [5] Danaher (USA) [6] DGI (South Korea) [7] Dilli (South Korea) [8] Domino (UK) [9] Dover (UK) [10] Durst (Italy) [11] DyStar (Singapore) [12] Eastman Kodak (USA) [13] EFI (USA) [14] FUJIFILM Dimatix (USA) [15] FUJIFILM Specialty Ink Systems (UK) [16] Heidelberger (Germany) [17] Hollanders Printing Systems (Netherlands) [18] HP (USA) [19] Huntsman (USA) [20] Inca (UK) [21] Jetbest (Taiwan) [22] KERAjet (Spain) [23] Kornit Digital (Israel) [24] La Meccanica (Italy) [25] Landa (Israel) [26] Mark Andy (USA) [27] Markem-Imaje AG (Switzerland) [28] Matan Digital Printers (Israel) [29] MS Printing Solutions (Italy) [30] Océ (Netherlands) [31] Pitney Bowes (USA) [32] Reggiani (EFI) (Italy) [33] Robustelli (Epson) (Italy) [34] Sensient (USA) [35] SPGPrints (Netherlands) [36] SwissQprint (Switzerland) [37] Videojet Technologies (USA) [38] Xaar (UK) [39] Xerox (USA) [40] Zimmer (Austria)

E-3. Industrial inkjet-related makers ············································································ 257

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