Textile Printing Machine Market Size | Market Includes Global Study on Technology and Applications by 2025
According to a report published by Allied Market Research, the global textile printing machine market generated $9.2 billion in 2017 and is expected to garner $13.9 billion by 2025, registering a CAGR of 5.5% during the forecast period, 2018-2025.
The rotary screen-printing machines segment accounted for the maximum revenue share in 2017, and is expected to generate maximum revenue during the forecast period in the overall textile printing machines industry, as they provide higher productivity and superior production speed. Moreover, these machines are lightweight in nature, leading to their high preference over other textile printing machines. Floral prints, funky slogans, memes, tribal, and other prints on garments, such as T-shirts, shirts, denims, and jackets are gaining increased popularity, which boosts the growth of the market.
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Textile printing machines are used to print various decorative designs, styles, and patterns using inks onto fabrics. Increase in usage of digital textile printing, rise in demand for technical textile, development in fashion trends and increased spending on fashion apparels and others products are expected to drive the global textile printing machine market.
Key Findings of the Textile Printing Machines Market:
o In 2017, the rotary screen-printing machine segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 5.2% during the forecast period.
o The clothing/garment segment accounted for more than 40% of the textile printing machines market share in 2017.
o Italy was the major shareholder in the Europe textile printing machines market, accounting for more than 31% share in 2017.
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Asia-Pacific accounted for a major share of the global textile printing machines market in 2017, owing to the availability of labor at cheaper costs and high government initiatives toward 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.
Top Leading Key Players:
Agfa-Gevaert N.V, APSOM Technologies (India) Pvt. Ltd., Durst Group, Electronics for Imaging Inc. (EFI), J. Zimmer Maschinenbau GmbH, 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.
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