Textile Printing Machine Market Overview:
Global textile printing machine market was valued at $7,309 million in 2016 and is projected to reach $10,220 million by 2023, growing at a CAGR of 5.0% from 2017 to 2023. Textile printing machines are electronic machines used to print various decorative designs, styles, and patterns using inks onto fabrics such as cotton, silk, wool, polyester, and other materials.
Increase in usage of digital textile printing, development in fashion trends, rise in demand for technical textile, and growth in technological advancements are expected to drive the global textile printing machine market. Various technological advancements in the hybrid and digital textile printing machines are expected to provide lucrative opportunities for the textile printing machine market.
The report segments the global textile printing machine market on the basis of type, application, and geography. Based on type, the market is divided into rotary screen textile printing, automatic flat screen printing, hand screen printing, dye sublimation transfer printing, digital textile printing, hybrid textile printing, and others. On the basis of application, it is classified into clothing/garment, household, display & others and technical textiles. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The digital textile printing machine is expected to grow at a fastest CAGR of 9.7% during the forecast period (2017-2023).
Key players profiled in the global textile printing machine market are Agfa-Gevaert N.V, APSOM Technologies (India) Pvt. Ltd., Durst Group, Electronics for Imaging Inc.(EFI), Konica Minolta, Inc. (Konica), Kornit Digital Ltd., MHM Siebdruckmaschinen GmbH, Ricoh Company, Ltd. ROQ International, Sawgrass Technologies Inc. Seiko Epson Corporation (Epson), SPGPrints B. V., and The M&R Companies.
The region wise analysis of the global textile printing machine market covers North America, Europe, Asia-Pacific, and LAMEA. Various countries covered under each region are studied and analyzed to identify the major trends demonstrated by these respective regions. Asia-Pacific dominated the textile printing machine market in 2016, followed by Europe.
Global Textile Printing Machine Market, by Region, 2016 (%)
Top Impacting Factors
The top impacting factors for global textile printing machines market are surge in usage of digital textile printing, high cost of production, harmful environmental impact of textile printing, rise in technological advancements, rapid evolution in fashion trends, and growth in demand for technical textiles. The textile and clothing industry has a negative impact on the environment as companies make use of chemicals to bleach and color textiles that further damages the environment and a workers health. Moreover, dyes are the most important pollutants that disturb the wildlife and landscape. Therefore, chemical companies are now developing less harmful textile-processing chemicals.
Rise in Demand for Technical Textiles
Technical textiles are used for non-aesthetic purposes and offer several advantages in their functional aspect for improving health & safety. They have applications ranging from simple use in agriculture, clothing, packaging, and furnishing to more complicated applications in automotive, filtration, construction, and environmental protection.
Development in Fashion Trends
Rapid urbanization has increased consumer expenditure in the market and constant need for change in fashion trends. Significant growth in and fast-changing retail and online clothing market present major growth opportunities for foreign and domestic players in the Asia-Pacific region. Moreover, trend for digital prints on t-shirts facilitates textile printing machinery market growth.
Improvement in Economic Conditions/growth in Disposable Income
Improvement in economic condition and growth in disposable income are the two key factors that propel the market growth for luxury goods. After the 2009 Europe economic crisis and China economic crisis, the world economy witnessed a standstill. However, the world has revived from the impact of the crisis, which is evident from the constant rise in GDP growth rate since 2010. Strong economic growth, especially in the developing economies, has led to increase in disposable income among the middle-income groups, consequentially adding to the middle-class population. In addition, disposable income of individuals in North America and Asia-Pacific has increased, thus majorly driving the textile printing machine market.
Top Impacting Factors of Textile Printing Machine Market
- The report provides an in-depth analysis of the global textile printing machine market to identify the potential investment pockets.
- The key drivers, restraints, and opportunities are provided in the report.
- Porters Five Forces model helps analyze the potential buyers and suppliers and the competitive sketch of the global textile printing machine market, which is expected to guide the market players to develop strategies accordingly.
Textile Printing Machine Market Key Segments:
- Rotary screen textile printing
- Automatic flat screen printing
- Hand screen printing
- Dye sublimation transfer printing
- Digital textile printing
- Hybrid textile printing
- Display & others
- Technical textiles
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Middle East
Key Market Players
- AGFA-GEVAERT N.V.
- Apsom Technologies (India) Pvt. Ltd.
- Durst Group (Durst Phototechnik AG)
- Electronics for imaging Inc.
- Konica Minolta Inc.
- Kornit Digital Ltd.
- MHM Siebdruckmaschinen GmbH
- Ricoh Company, Ltd. (Anajet)
- ROQ International
- Sawgrass Technologies Inc.
- Seiko Epson Corporation
- Spgprints B. V.
- The M&R Companies