According to the research report titled ‘Global Cutting Plotter Market Size study, by Type (Roll to Roll, Flat Bed (UV), Others) by Application (Industrial, Commercial, Construction, Sports, Decorations, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global cutting plotter market is projected to record a substantial growth during 2020-2027.
 

Rising trends of using automated solutions in manufacturing sector in consort with surging demand from end-use industries for cutting plotter are the key factors driving the growth of the market. In addition, advancements in industrial Internet of Things (IIoT) and computer-aided systems is likely to influence the market size.
 

For those uninitiated, cutting plotters are integrated machines which utilize cut materials like mylar film, paper, vinyl film, and more into pieces. This material is kept on a flat surface area referred to as plotter, where the knives function according to the design integrated in the plotter.
 

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Cutting plotter has specialized cutting drawing & design computer software program, which in turn is fostering the demand for the product across the globe, thereby stimulating the industry outlook. However, easy availability cutting plotters on the online stores is projected to impede global cutting plotter market growth over the study period.
 

Based on type, global cutting plotter industry is divided into flat bed (UV) and roll to roll. Speaking of application spectrum, the market is categorized into decorations, sports, construction, commercial, industrial, and others.
 

Citing the regional landscape, worldwide cutting plotter market is segmented into North America, Asia-Pacific, Europe, Latin America and rest of the world. The country-level fragmentation consists of Canada, U.S., Italy, Spain, France, Germany, U.K., South Korea, Australia, Japan, India, China, Mexico, and Brazil among others.
 

The report states that North America currently holds major market share and is slated to grow substantially over the analysis period. The regional growth is credited to high adoption of cutting plotter technology.
 

Meanwhile, Asia Pacific cutting plotter industry is projected to record remunerative growth during 2020-2027. Rising disposable income, growing penetration of connected devices, and rapid digitalization are augmenting the regional demand for cutting plotters, which in turn is favoring the market outlook in Asia-Pacific.
 

Major companies that define the competitive terrain of global cutting plotter market are Oracover, CUTOK, The Faulhaber Group, Shenzhen Teneth Technology Co. Ltd., Roland DG Corp., Hybrid Services Ltd., Graphtec America Inc., MIMAKI Engineering Co., Ltd., and Esko.