Textile Printing Machine Market Growing at a CAGR of 5.0% - In -Depth Analysis of Top Impacting Factors with Leading Players Agfa-Gevaert N.V, APSOM Technologies (India) Pvt. Ltd., Durst Group, Electronics for Imaging Inc. (EFI), Konica Minolta, Inc. (Kon

Textile Printing Machinery by Product type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the textile printing machinery market was valued at $7,309 million in 2016, and is projected to reach at $10,220 million by 2023, growing at a CAGR of 5.0% from 2017 to 2023. Asia-Pacific is expected to be the leading contributor to the global textile printing machinery market, followed by Europe and North America.

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Increase in usage of digital textile printing, rise in demand for technical textile, development in fashion trends, and growth in technological advancements are expected to drive the global textile printing machine market. However, harmful environmental impact of textile printing and high cost of production are expected to hamper the market growth. Various technological advancements in the hybrid and digital textile printing machines are expected to provide numerous growth opportunities for the market.

In 2016, rotary screen printing machines, accounted for the maximum revenue share in the overall textile printing machinery market as they provide higher productivity and higher production speed. Moreover, these machines are lightweight in nature, leading to their high preference over other textile printing machines. The prints on garments, such as T-shirts, shirts, denims, and jackets, are quite diverse these days. Floral prints, funky slogans, memes, tribal, and other prints are gaining popularity, which boosts the growth of the textile printing machines market. This segment is expected to generate maximum revenue during the forecast period (2017-2023).

Asia-Pacific accounted for the major share of the global textile printing machinery market in 2016 owing to the availability of labor at cheaper costs and high government initiatives regarding textile industries in India and China. Asia-Pacific is estimated to grow at the highest rate followed by Europe due to high demand for customization of prints.

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The key players profiled in the textile printing machinery market include 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.

Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition to expand their foothold in the textile printing machinery market.

Analyst Review:

The textile printing machine market is projected to depict a prominent growth during the forecast period owing to various factors, such as increase in usage of digital textile printing, development in fashion trends, rise in demand for technical textile, and growth in technological advancements.

The textile printing machines are widely used in various applications such as clothing/garments, household, display & others, and technical textiles. Growth in preference of customers toward technical textiles and high demand for smart textiles, owing to its various benefits, such as connectivity, providing aid to health and safety, and protection purposes, fuel the market growth.

Technological advancements and value-added benefits associated with digital textile printing machines that provide higher productivity, minimal labor requirement, less printing time, and addition of various designs and styles onto the fabrics are expected to provide lucrative opportunities for the market. Moreover, growth in textile industry in Asia-Pacific, specifically in China and India, promotes the usage of textile printing machine.

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