Posted March 11th, 2021 for IDC
KUALA LUMPUR, March 12, 2021 - In the second half of 2020, Malaysia graphic large format printer shipped 399 units, growing by over 90% semi-annually, and over 10% year over year (YoY), according to the IDC's Worldwide Quarterly Industrial Printer Tracker 2020Q4. Malaysia is one of the ASEAN countries which shows positive YoY growth despite experiencing a full-scale economic lockdown.
High semi-annual growth is seen in all ink types. Latex recorded the highest semi-annual growth at 286%, followed by UV at 129%, dye-sublimation at 119%, eco-solvent and solvent at 90% and 59% respectively and lastly aqueous at 34%. The Movement Control Order (MCO) and the new norm has caused drastic change in business landscape in 2020H1. Malaysia experienced its worst shipment in 2020H1, but is quick to return to growth in 2020H2. Businesses are quick to pivot, changing their business model and strategy especially the food & beverage industries and small medium enterprise (SME).