About Cutting Plotter
A cutting plotter is a large scale cutting device that produces ready-cut Mylar or vinyl lettering and graphics. Cutting plotter knives cut into a piece of material (paper, Mylar or vinyl) that is lying on the flat surface area of the plotter. It is achieved because the cutting plotter is connected to a computer, which is equipped with specialized cutting design or drawing computer software programs. Cutting plotters are useful in manufacturing a wide variety of items, including customized signs, billboards, posters, and vinyl sheets.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Cutting Plotter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
MIMAKI Engineering Co., Ltd. (Japan), Graphtec America, Inc. (United States), Roland DGA (United States), Esko-Graphics BV (Belgium), TENETH (China), Faulhaber (Germany), Lanitz-Prena Folien Factory GmbH (Germany), Dehnco Equipment & Supplies, Inc. (United States), GCC (Taiwan) and Cricut (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Brother (United States), InfoTEC CNC (Poland), Paras International (India), Anhui LIYU (China) and B.M. Sign Systems (India).
Segmentation Overview
AMA Research has segmented the market of Global Cutting Plotter market by Type (Paper, Mylar or Vinyl, Foam and Others), Application (Industrial, Commercial and Others) and Region.
On the basis of geography, the market of Cutting Plotter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operation Type, the sub-segment i.e. Automatic will boost the Cutting Plotter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Design Type, the sub-segment i.e. Roll to Roll will boost the Cutting Plotter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Cutting Plotters or Die-Cut Machine in Paper Crafts Such as Card Making and Scrapbooking
Market Growth Drivers:
Growing demand from stickers and label makers owing to high-end use applications and Rapid increase in industrialization in emerging countries are the key driving factor for the market. and Increasing Demand of Billboard and Sign Board across the Globe
Challenges:
Intense Competition among Industry Players
Restraints:
Lack of Skilled and Trained Workforce
Opportunities:
Growing demand from automobile and sports sector for graphics and apparel respectively will create lucrative opportunity over the forecast period.
Market Leaders and their expansionary development strategies
In September 2023, Graphtec, a manufacturer of cutting plotters, has introduced a new cutting plotter, the CE LITE-50. The new plotter features enhanced ARMS technology, which allows it to read registration marks on gold, silver, and metallic media.
In October 2023, Mimaki, a leading manufacturer of wide-format printers and cutting plotters, has announced the launch of its new entry-level cutting plotter, the CG-AR Series. The new plotter is designed for businesses that need a cost-effective and easy-to-use solution for cutting a variety of materials.
Key Target Audience
Cutting Plotter Manufacturers, Sign & Display Manufacturers, Automobile Companies and Industrial Bodies & Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.