New York, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Market Size & Overview:
The digital textile printing equipment market is anticipated to achieve a market value of approximately USD 2.67 billion in 2023, with a projected growth trajectory to reach USD 7.55 billion by 2030. This expansion is forecasted to occur at a robust compound annual growth rate (CAGR) of 14.9%.
The increasing demand for printed fabric materials and textiles has prompted manufacturers to embrace digital textile printing equipment market technology, offering enhanced speed and efficiency in fabric printing. The emergence of compact, swift, and lightweight printers is garnering increased interest among consumers for printed fabric clothing products.
Anticipated advancements in digital textile printing are expected to fuel market expansion in the years ahead. Companies operating in the digital textile printing sector are actively prioritizing technological advancements and making substantial investments in research and development to diversify their product portfolios and secure a competitive edge.
The evolution of environmentally friendly printing systems and the integration of digital printers with advanced software are facilitating the creation of innovative designs, vibrant color schemes, and improved image sharpness. This technological progression is poised to contribute significantly to the growth of the industry in the foreseeable future.
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Market Scope:
| Report Coverage | Details | |
| Market Revenue 2023 | USD 2.67 billion | |
| Estimated Revenue 2030 | USD 7.55 billion | |
| Growth Rate - CAGR | 14.9% | |
| Forecast Period | 2023-2030 | |
| No. of Pages | 319 Pages | |
| Market Segmentation | Printing Type, Consumable Ink, Application, Fabric, Sales Channel, Region | |
| Regions Covered | North America, Latin America, Europe, APAC, MEA | |
| Key Companies Profiled | Seiko Epson Corporation, DCC PRINT VISION LLP, Mimaki Engineering Co., Ltd., Kornit Digital Ltd. Konica Minolta, Inc., MUTOH HOLDINGS CO., LTD., Dover Corporation,SPGPrints B.V. | |
Top 6 Trends in Digital Textile Printing Equipment Market:
- Innovative Printing Technologies: The digital textile printing equipment market is witnessing a surge in innovative printing technologies, such as direct-to-fabric printing and dye-sublimation printing. These technologies offer enhanced precision, color vibrancy, and versatility, driving the demand for cutting-edge equipment.
- Sustainability Focus: A growing emphasis on sustainable practices is influencing the digital textile printing equipment market. Manufacturers are developing eco-friendly printers, inks, and processes to address environmental concerns. This trend aligns with the broader industry shift towards more sustainable and responsible manufacturing practices.
- Integration of Automation: Automation is becoming a key trend in digital textile printing equipment, streamlining processes and improving efficiency. Automated features, such as color calibration, fabric feeding, and print head maintenance, are being integrated into printers to enhance reliability and reduce manual intervention.
- Expansion of Printable Materials: The market is witnessing an expansion in the range of printable materials. Digital textile printers are now capable of handling a variety of fabrics, including natural fibers, synthetics, and blends. This versatility allows manufacturers to cater to diverse customer preferences in terms of fabric types.
- Customization and Personalization: There is a growing demand for customized and personalized textiles, and digital printing equipment is playing a crucial role in meeting this demand. The ability to quickly and cost-effectively produce small batches of customized designs is becoming a significant driver for the adoption of digital textile printing.
- Rapid Advancements in Software Integration: The integration of advanced software solutions is a notable trend in the digital textile printing equipment market. Software advancements enable seamless design processing, color management, and pattern manipulation, providing designers and manufacturers with more tools to create intricate and high-quality prints.
In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at: https://www.persistencemarketresearch.com/market-research/digital-textile-printing-equipment-market.asp
Product Insights:
High-Speed Digital Printers: The market is witnessing a demand for high-speed digital textile printers that can cater to the requirements of large-scale production. Manufacturers are investing in the development of printers capable of delivering fast printing speeds without compromising on print quality.
Compact and Portable Printers: There is a growing preference for compact and portable digital textile printers, especially among small and medium-sized businesses. Compact printers offer flexibility in terms of space utilization and are suitable for on-demand printing, making them an attractive option for businesses with varying production needs.
Multi-Color Printing Systems: Digital textile printing equipment is increasingly incorporating multi-color printing systems to enhance the range and depth of colors in printed fabrics. This capability allows for the creation of more intricate and detailed designs, meeting the demand for vibrant and visually appealing textiles.
Dye-Sublimation Printing Systems: Dye-sublimation printing technology is gaining prominence in the digital textile printing equipment market. This method involves transferring dye onto the fabric using heat, resulting in high-quality prints with excellent color durability and wash resistance. Dye-sublimation printers are particularly popular for sportswear and soft signage applications.
Integration of UV Printing Technology: Some digital textile printing equipment is integrating UV printing technology, offering advantages such as quick drying and the ability to print on a broader range of materials. UV printing is known for its durability and resistance to fading, making it suitable for outdoor applications.
Enhanced Software Solutions: The focus on product development extends to the software side, with an emphasis on user-friendly interfaces, advanced color management, and seamless integration with design software. Enhanced software solutions contribute to improved workflow efficiency and better control over the printing process.
Hybrid Printing Systems: Hybrid printing systems that combine digital and traditional printing methods are emerging in the market. These systems aim to leverage the benefits of both technologies, allowing for greater flexibility in production and accommodating different customer needs.
Mergers and acquisitions (M&A):
Technology Integration: Companies may seek to acquire or merge with others to integrate complementary technologies. For instance, a digital textile printing equipment manufacturer might acquire a company specializing in advanced software solutions to enhance their product offerings and provide a more comprehensive solution to customers.
Expansion of Product Portfolio: To diversify their product portfolios, companies may consider acquiring businesses with expertise in specific areas. This could include acquiring companies that produce a broader range of digital printing equipment or those specializing in different printing technologies.
Global Market Expansion: Mergers and acquisitions offer a strategic pathway for companies to expand their presence in new geographical markets. Acquiring a company with an established customer base in a region where the acquiring company has limited market share can provide instant market access and distribution channels.
Access to New Customer Segments: Companies might pursue mergers or acquisitions to gain access to new customer segments. For example, a company focused on industrial textiles may acquire a business with expertise in fashion textiles, allowing them to diversify their customer base and cater to different industries.
Cost Efficiency and Synergies: Mergers can create operational efficiencies and cost savings through synergies. This could involve streamlining production processes, consolidating supply chains, or optimizing research and development efforts, leading to overall cost reduction.
Vertical Integration: Companies may consider vertical integration by acquiring businesses along the supply chain. For instance, a digital textile printer manufacturer may acquire a company involved in fabric production or ink formulation to ensure a seamless and integrated supply chain.
Market Consolidation: Mergers and acquisitions can contribute to market consolidation, especially in a rapidly evolving industry. Larger companies may acquire smaller competitors to strengthen their market position and eliminate potential competition.
Access to Intellectual Property (IP): Acquiring companies with valuable intellectual property, including patents and proprietary technologies, can provide a competitive advantage. This strategy is particularly relevant in industries where innovation is a key driver of success.
Recent Developments:
Industry News Websites: Websites dedicated to textile industry news or broader technology and manufacturing news may have updates on recent developments, product launches, mergers, and other relevant information.
Company Press Releases: Check the official websites of key companies in the digital textile printing sector. Companies often publish press releases to announce new products, partnerships, acquisitions, or other significant developments.
Industry Reports: Market research reports and industry analyses can provide insights into the latest trends, challenges, and opportunities in the digital textile printing market.
Trade Publications: Magazines and publications focusing on printing technologies, textiles, and related industries may feature articles on recent advancements and trends.
Conferences and Events: Proceedings and announcements from conferences, trade shows, and industry events can offer a glimpse into the latest technologies and innovations in digital textile printing.
Social Media: Follow relevant companies, industry experts, and organizations on social media platforms for real-time updates and discussions on recent developments.
Official Statements: Regulatory bodies, industry associations, and governmental agencies may release official statements or reports that provide insights into the current state of the digital textile printing industry.
Some majors Players in the Digital Textile Printing Equipment Market:
- Seiko Epson Corporation
- DCC PRINT VISION LLP
- Mimaki Engineering Co., Ltd.
- Kornit Digital Ltd.
- Konica Minolta, Inc.
- MUTOH HOLDINGS CO., LTD.
- Dover Corporation
- SPGPrints B.V.
- Electronics for Imaging, Inc.
- HGS Machines
- Shenzhen HOMER Textile Tech Co., Ltd
Digital textile printing equipment Market: Segmentation
Printing Type:
Direct to Fabric: This printing type involves printing directly onto the fabric, allowing for high precision and vibrant colors. It is commonly used for producing intricate designs on various fabric types.
Direct to Garment (DTG): DTG printing involves printing directly onto garments like T-shirts. It is suitable for small batches and offers the advantage of detailed designs on apparel.
Consumable Ink:
Sublimation: Sublimation inks are often used in digital textile printing for transferring designs onto fabrics using heat. This method provides excellent color vibrancy and durability.
Reactive: Reactive inks are used for natural fibers like cotton and linen. They form a permanent bond with the fabric through a chemical reaction, resulting in vibrant prints.
Acid: Acid inks are typically employed for silk and wool fabrics. They create a strong bond with protein-based fibers, resulting in vivid and colorfast prints.
Pigment: Pigment inks are known for their versatility, suitable for various fabric types. They provide good colorfastness and are often used in applications requiring durability.
Application:
Consumer Clothing: Digital textile printing is widely used in the production of personalized and custom-designed consumer clothing, ranging from everyday wear to high-end fashion.
Industrial & Technical Textile: In industrial applications, digital printing is utilized for technical textiles such as automotive textiles, medical textiles, and other specialized fabric products.
Soft Signage: Soft signage involves printing on flexible materials for advertising and promotional purposes, commonly used in retail settings, trade shows, and events.
Sportswear: Digital textile printing is extensively used in the sportswear industry to create customized and high-performance athletic apparel with intricate designs.
Fabric:
Woven: Digital printing on woven fabrics is employed for a variety of applications, including fashion apparel, upholstery, and home textiles.
Knit: Knitted fabrics are often used in sportswear and casual clothing, and digital printing allows for detailed and flexible designs on these materials.
Non-Woven: Non-woven fabrics are used in applications such as disposable medical textiles, and digital printing enables customization and branding on these materials.
Sales Channel:
Online Shops/Sales: With the rise of e-commerce, many digital textile prints are sold through online platforms, allowing for easy accessibility and customization.
Offline: Traditional brick-and-mortar stores and physical outlets continue to play a role, especially in areas where customers prefer a hands-on experience or immediate availability of products.
Regions:
North America, Europe, MEA, East Asia, South Asia, Oceania, Latin America: These regions represent different markets where digital textile printing technology is applied, each with its own unique demands, preferences, and industry dynamics.
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