Digital Textile Printing Machine Market is expected to witness significant growth from 2017 to 2024

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. In addition, huge benefits offered by the machines and increased awareness about eco-friendly products are expected to propel the market growth. However, enduring competition from traditional textile printing machines pose a threat to the market growth.

According to a new report published by Allied Market Research, titled, Digital Textile Printing Machine Market: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global digital textile printing machine market was valued at $647 million in 2017, and is expected to reach at $1,248 million by 2024, growing at a CAGR of 10.0% during the forecast period. The direct-to-fabric segment accounted for more than half of the market share in 2017 and is expected to witness significant growth during the forecast period.

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Increase in need for ecological & short run products and significant development of promotional merchandise to mark the presence of brands drive the growth of the digital textile printing machine market. Furthermore, the flexibility for high customization and diverse color alternatives offered by these machines provide significant growth potential for the global digital textile market. In addition, continuous inflow of new, innovative design offerings by the textile & fashion designers using digital textile printing machines offer lucrative opportunities for the market. However, intense competition from analogue textile printers hinder the growth of the market.

The clothing & apparel has the largest market share in the digital textile printing machine market during the forecast period. Its market share is expected to grow because of the new varying fashion trends, and increased demand for branded clothing by consumers. Furthermore, others such as industrial furnishing, corporate furnishing, and packaging in the application segment is expected to grow at the highest CAGR during the forecast period, owing to rise in demand for automotive textiles, packaging of products, corporate furnishing, and event management shows.

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Key Findings of the Digital Textile Printing Machine Market:
By process type, the direct-to-fabric segment dominated the market in 2017, in terms of revenue and is projected to grow at a CAGR of 9.7% during the forecast period.
The clothing & apparel segment generated the highest revenue in 2017, and is estimated to grow at the growth rate of 8.9%.
In 2017, Europe was the dominant region in terms of revenue; however, Asia-Pacific is anticipated to grow at the highest CAGR in the market.
In Europe, Italy accounted for more than one-fourth of the market share in 2017.

The key players profiled in this report are Durst Group, Electronics for Imaging (EFI), Inc., Konica Minolta, Kornit Digital, Mimaki, ROQ International, Sawgrass Technologies, Inc., Seiko Epson, SPG Prints B.V., and The M&R Company.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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