Digital Textile Printing Machine Market Witness Highest Growth in Near Future at 10.4% CAGR | Top Players M&R Company, Durst Group, SPG Prints B.V., Electronics for Imaging

Surge in consciousness towards fashion, sustainable and eco-friendly printing methods, and higher creativity and increased design flexibility drive the growth of the market. However, the harmful effects associated with digital textile printers and the never-ending competition from traditional printing methods restrict the growth. On the other hand, the high speed of producing products using printer provide lucrative opportunities for this market.

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.

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Key Players:

Leading market players analyzed in the research include the M&R Company, Durst Group, SPG Prints B.V., Electronics for Imaging (EFI), Inc., Seiko Epson Corporation, Sawgrass Technologies, Inc., Konica Minolta, ROQ International, Kornit Digital, and Mimaki. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry.

Growth Factor:

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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Digital Textile Printing Machine Market Segments:

By Type

Direct-to-garment
Direct-to-fabric

By Application

Clothing & Apparel
Home Furnishing
Advertisement
Others

By Machine Type

Single Pass
Multi-pass

Key Findings of the Digital Textile Printing Machine Market:

Based on process type, the direct-to-fabric segment generated the highest revenue in 2017.
Based on machine type, the multi-pass segment was the highest revenue contributor in 2017.
Based on application, the clothing & apparel segment was the highest revenue contributor in 2017.
Based on region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
Based on region, Europe contributed the highest market revenue in 2017, followed by Asia-Pacific, North America and LAMEA.

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This release was published on openPR.