Digital Textile Printing Machine Market Research, 2030
The global digital textile printing machine market size was valued at $191.90 million in 2020, and is projected to reach $522.92 million by 2030, growing at a CAGR of 10.4% from 2021 to 2030. Digital textile printing is the process in which the colorful designs are added into different kinds of fabric using the digital inkjet printing technology. The printing machines help and enable in adding faster designs. It is an ink jet-based method for the printing of the colorants. It is used for adding designs into different garments, promotional wear, dresses, T-Shirts, and printing larger designs into larger format rolls of textile. The digital textile printing machine can be used for various forms of printing such as specialty print, disperse print, acid print, reactive print, pigment print, resist print, discharge print, and direct print.
With the changes in consumer spending, rise in globalization, and growth in digital innovation have led to the growth in the fashion industry. The expansion in the fashion industry has given way to newer designs over different garments that are leading to the growth in demand for digital textile printing machine market. In addition, the efforts to preserve the nature is leading to eco-friendly solutions, for instance using natural dyes in order to enable the screen printing by using dyes such as indigo, sappan wood, and madder that are more ecofriendly and sustainable for different textiles owing to growth in demand for eco-friendly solutions that boost the digital textile printing machine market.
However, certain garments are made using a certain amount of chemicals that could lead to pimple acne, cracks, dry skin and itching, which could lead to biological, ergonomic, chemical, and physical hazards that limit the demand for textile printing machine.
Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of machines as well as their demand in the market, thereby restraining the digital textile printing machine market growth. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of digital textile printing machine companies at their full-scale capacities, which helped the market to recover by end of 2021.
On the contrary, the use of digital textile printing machine are increasing owing to surge in demand from different retailers and wholesalers to sell different kind of apparels including the printed garments that is required in bulk and the apparel market is growing which requires the machines in order to fulfill such larger amount of orders, hence creating new digital textile printing machine market opportunities.
The digital textile printing machine market is segmented on the basis of process type, application, and machine type. By process type, the market is divided into direct-to-garment and direct-to-fabric. By application, the market is fragmented into clothing &apparel, home furnishing, advertisement, and others. By machine type, the market is divided into single pass and multi pass. Region wise, the digital textile printing machine market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
On the basis of process type, in 2020, the direct-to-fabricsegment dominated the digital textile printing machine market, in terms of revenue, whereas the direct-to-garment segment is expected to witness growth at the highest CAGR during the forecast period. As per application, in 2020, the clothing & apparel segment led the market, however, the otherssegment is expected to exhibit highest CAGR in the near future. By machine type, the multi passsegment led the digital textile printing machine market share in 2020, in terms of revenue; however, the single pass segment is anticipated to register highest CAGR during the forecast period. Region wise, Europe garnered the highest revenue in 2020; however, Asia-Pacific is anticipated to register highest CAGR during the forecast period.
COMPETITION ANALYSIS
The major players profiled in the digital textile printing machine industry include Dover Corporation (MS PRINTING SOLUTIONS SRL), Durst Group, Electronics For Imaging, Inc., Konica, Minolta, Inc., Kornit Digital, Mimaki Global, GROUP ROQ, Sawgrass Technologies, Seiko Epson Corporation, SPG Prints Group.
Major companies in the market have adopted product launch, business expansion, and partnership as their key developmental strategies to offer better products and services to customers in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current market trends, estimations, and dynamics of the digital textile printing machine market forecast from 2020 to 2030 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the digital textile printing machine market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global digital textile printing machine market trends, key players, market segments, application areas, and market growth strategies.
Digital Textile Printing Machine Market Report Highlights
| Aspects | Details |
 By Machine Type |
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 By Process Type |
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 By Application |
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 By Region |
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 Key Market Players | Altra Motion, Comer Industries Spa (Walterscheid Powertrain Group), Dellner Bubenzer, Coremo Ocmea S.p.A., AKEBONO BRAKE INDUSTRY CO., LTD., Antec Group, carlisle brake & friction, SIBRE, ringspann gmbh, Eaton |
Analyst Review
In the digital textile printing machine market, the utilization of digital textile printers is expected to increase due to the surge in demand for printed textiles in less duration of time. In addition, flexibility of customization and personalization offered by these printing machines drive the market growth. Moreover, introduction of technological advanced printers such as single pass printers, multi pass printers, grand format printers, and others has fueled the growth of the market. Europe is projected to be the highest revenue contributor, whereas Asia-Pacific is expected to offer lucrative growth opportunities to the key players in this market.
According to the perspectives of CXOs of leading companies, rise in disposable income, lifestyle changes, technological advancements, and upsurge in consciousness toward fashion & benefits offered by digital textile printing globally drive the market growth. The key players have adopted various strategies such as acquisitions, product launches, partnerships, and collaborations to stimulate their businesses in the global market. For instance, EFI acquired Reggiani Machine to provide advanced digital printing technology with a wide variety of product portfolio. However, harmful effects associated with the use of digital textile printers impede the market growth. In addition, high preference for analogue printing methods as compared to digital textile printing is anticipated to hamper the growth of the market. On the contrary, high speed of textile printing machines and more productivity are expected to provide lucrative opportunities for the key players.
The digital textile printing machine market was valued at $191.1 million in 2020, and is expected to reach $523.1 million by 2030, registering a CAGR of 10.4% from 2021 to 2030.
The forecast period considered for the global digital textile printing machine market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
To get latest version of global digital textile printing machine market report can be obtained on demand from the website.
The top companies holding the market share in the global digital textile printing machine market report include Dover Corporation (MS PRINTING SOLUTIONS SRL), Durst Group, Electronics For Imaging, Inc., Konica, Minolta, Inc., Kornit Digital, Mimaki Global, GROUP ROQ, Sawgrass Technologies, Seiko Epson Corporation, SPG Prints Group.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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