PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1127425
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1127425
Cutting Plotter Market size was valued at USD 645.8 Million in 2021, growing at a CAGR of 8.2% from 2022 to 2028.
A piece of material (such as paper, mylar, or vinyl) lying on the flat surface of the plotter is sliced with cutting plotter knives. This is made possible by the cutting plotter's connection to a computer that contains specialized cutting design or drawing software. These computer software packages are in charge of transmitting the required cutting dimensions or designs so that the cutting knife can be instructed to produce the necessary project cutting requirements. A form of computer hardware typically used for sign making is a vinyl cutter plotter. Whether big or small, a vinyl letter machine may be used to cut out images and vinyl sign letters to create anything from bumper stickers to billboards. With a vinyl facing and adhesive backing connected to a paper liner, the vinyl utilized is similar to decal material. Some are stronger and designed to resist outdoor use. There is also heat-transferable vinyl that may be used with plotters to create items like T-shirts.
Cutting plotters, also known as die-cut machines, have gained popularity among home crafters of paper crafts, including cardmaking and scrapbooking in recent years. With the use of such instruments, desired card shapes can be cut out precisely and repeatedly with absolute consistency. Most automobile owners use window film and paint protection film to shield their vehicles from heat and keep them safe. Because the film is too thin or difficult to cut by hand, people used to cut it manually in the past, which took time and frequently resulted in material waste. Window films and paint protection film are easily handled by large-format cutting plotters, an easy fix. A cutting plotter can hold the film tightly and make quick, precise cuts at an affordable rate. Cutting Plotters probably cost between $200 and $2000. A desktop computer and printer can be utilized with some of the smaller vinyl cutting plotter models. These versions are reasonably priced and helpful for usage in homes, small enterprises, clubs, schools, and places of worship. Typing in text and adding images can be used to make signs, posters, displays, and wall art. Lettering and graphics can be created in-house without the dreaded stencil and spray paint signs that typically seem less than professional, saving you money on decoration and advertising.
The Global Cutting Plotter Market is segmented on the basis of Application and Region.
The market is divided into six categories based on application: Industrial, Commercial, Construction, Sports, Decorations, and Others. The industrial segment held the majority of the market share of nearly 42.3% in terms of revenue. The plotter comes with specialized cutting design and drawing software. The recent trend of automation in the manufacturing sector and the rising need for the end-use industry are expected to boost demand for these machines throughout the course of the forecast period. The rise of the market will also be assisted by the development of computer-aided systems and the industrial internet of things.
The global market for Cutting Plotter is made of a number of both international and local producers, making it a fairly competitive sector in the world. Some of the leading strategies adopted by corporations to expand their market share include new product launches, agreements, distribution network development, R&D spending, and mergers and acquisitions. For instance, in February 2022 Mimaki Engineering Limited released new cutting plotters with different cuttable areas. The products are named as "CG-60AR (cuttable area: 606 mm width)", "CG-100AR (cuttable area: 1,070 mm width)", and "CG-130AR (cuttable area: 1,370 mm width.
The scope of this report covers the market by its major segments, which include as follows: