Textile Printing Machine Market: Global Industry Growing at a CAGR of 5.0% from 2017 to 2023 | Top Key Players: Agfa-Gevaert N.V, APSOM Technologies (India) Pvt. Ltd., Durst Group, Electronics for Imaging Inc.(EFI), Konica Minolta, Inc. and (Konica), Korn

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, the 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 the 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 as clothing/garment, household, display & others and technical textiles. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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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 top impacting factors for the global textile printing machines market are a surge in usage of digital textile printing, the high cost of production, the harmful environmental impact of textile printing, the 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 worker’s health.

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Technical textiles are used for non-aesthetic purposes and offer several advantages in their functional aspect of 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.

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, the trend for digital prints on t-shirts facilitates textile printing machinery market growth.

Key Benefits

• 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.

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