Digital Textile Printing Machine Market Top Companies will Grow at a CAGR of 10.4% by 2030
Digital Textile Printing Machine Market Expected to Reach $392.3 Million by 2025
PORTLAND, OR, UNITES STATES, November 6, 2023 /EINPresswire.com/ — The global digital textile printing machine market was valued at $175.4 million in 2017, and is expected to reach at $392.3 million by 2025, growing at a CAGR of 10.4% during the forecast period. The direct-to-fabric segment accounted for more than half of the global digital textile printing machine market share in 2017 and is expected to witness significant growth during the forecast period.
Digital textile printing machine is a mechanical machine that prints graphics or designs directly on the fabric using computer software and inkjet technology. There is an increase in demand for the machine, owing to the increase in demand for fast and short run products, rise in sales of clothing and homecare products through e-commerce, and growth in its applicability in the lifestyle, promotional, and advertisement products.
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In addition, huge benefits offered by the machines and increased awareness about eco-friendly products are expected to propel the digital textile printing machine market growth. Analogue textile printers have high carbon footprints, which is majorly responsible for the degradation of environment.
In addition, printing of textiles requires washing, steaming, or pre-treatments, which pollutes the water bodies. However, the problems related to environment and water pollution got resolved with the advent of digital textile printers. This is expected to propel the global digital textile printing machine market during the forecast period.
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Moreover, vendors in global digital textile printing machine market are majorly adopting product launch strategies. For example, Durst Group in May 2019, launched the P5 350 and P5 210 new printing systems based on the P5 technology platform. It is designed and developed for printing on large format fabrics.
The aim of investment was to expand digital printed textile market in the European countries. Similarly, there has been growth in focus toward single pass machine type. For example, EFI in November 2018, launched next-generation, single pass EFI Reggiani BOLT textile digital printer at the EFI Reggiani facility in Bergamo, Italy. The printer offers high uptime and reliability, outstanding performance, superior printing uniformity with accuracy.
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Key Players:
The key players analyzed in global digital textile printing machine market are Dover Corporation (MS Printing Solutions Srl), Durst Group, Electronics for Imaging (EFI), Inc., Konica Minolta, Kornit Digital, Mimaki, ROQ International, Sawgrass Technologies, Inc., Seiko Epson Corporation, SPG Prints B.V., and The M&R Company.
David Correa
Allied Analytics LLP
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