Press release
Digital Textile Printing Market will Record Rapid Growth, Emerging Trend, Industry Analysis till 2028 with COVID-19 Impact | Mimaki, Kornit, SPGPrints, Konica Minolta, Atexco, Dover Corporation (MS Printing Solutions Srl)
Digital Textile Printing Market
New study report" Digital Textile Printing Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview:
The global digital textile printing market size is estimated to reach USD 311.7 million by 2028 and exhibit a CAGR of 10.1% during the forecast period. The market stood at USD 147.4 million in 2020 and is expected to reach USD 159.1 million in 2021.
The report on the Digital Textile Printing Market is designed by proficient analysts with the motive to serve on table as an ultimate guide for investors, stakeholders, and people in business to make decisions to augment the growth of the Digital Textile Printing market. The report holds market statistics, values, and other factors that can influence the Digital Textile Printing market. The market is studied for the forecast period of 2022 to 2028. An in-depth study on the market has been performed to prepare a report maintaining high degree of accuracy thought out. The report details qualitative and quantitative analysis of the Digital Textile Printing market. The market overview section elaborates on drivers and constraining factors of the market. Additional causes that are anticipated to cast an impact on the market are also discussed in the report. Our market researchers have meticulously studied the market dynamics to deliver an accurate content-rich report.
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2028. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Digital Textile Printing market are revealed. The study of the Digital Textile Printing market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2028.
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Key Industry Development:
September 2020: Amazon Inc, a multinational conglomerate organization, has collaborated with digital textile printer manufacturer Kornit. The collaboration is a part of a joint venture of the companies named Print on Demand services. Under the collaboration, Amazon will invest US$ 400 million in the products and services offered by Kornit digital.
August 2019: MS Printing, one of the prominent manufacturers of textile printing machines, has introduced the fastest digital textile scanning printer, which will increase the traction of textile printing manufacturers towards digital products in the global market. Digital textile printing is a compact design, impressive speed, and products with remarkable quality.
List of Companies Covered in the Digital Textile Printing Market Report:
Mimaki
Kornit
SPGPrints
Konica Minolta
Atexco
Dover Corporation (MS Printing Solutions Srl)
MS Printing
Robustelli
Kaiyuan
SPG Prints B.V.
Covide-19 Impact:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Method of Research:
Fail-safe, modern research methodologies are employed for the Digital Textile Printing market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Driving Factors:
Growing Consumer Awareness for Trending Fashion Apparel to Fuel Market Growth
Digital printing machines help businesses to improve profitability by reducing operational costs and enhancing print quality. Additionally, the automation of the process helps to cut down the human resource requirements at the facility. The overall cost advantage of digital printing machines is anticipated to bolster the global digital textile printing market growth. Additionally, the development of advanced digital printers by key manufacturers is likely to boost the growth of the market.
Segmentation:
On the basis of operations, the market is bifurcated into multi pass and single pass. On the basis of application, the market is segmented into clothing and apparel, soft signage, home décor, and others. Geographically, the market is classified into five major regions- North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Regional Insights:
Asia Pacific to Gain the Largest Share due to Growing Needs for Printed Fabrics
Asia Pacific is anticipated to hold the largest portion in the global digital textile printing market share. India and China are expected to be the leading regions in the market. The ever-increasing population and the growing needs for printed fabrics are likely to bolster the growth of the market.
North America is expected to witness considerable growth due to the substantial imports of textiles.
Europe is projected to gain steep growth in the coming years due to the increasing use of digital printing in the soft signage segment. The market possesses significant untapped growth potential.
The surging urbanization and the expanding imports of textiles are anticipated to drive the growth in the Middle East and Africa.
Competitive Landscape:
Vital Players Bolster their Market Positions Through New Product Launches
The crucial players in the market are fixated on strengthening their operations and logistical networks that were impacted by the coronavirus pandemic. They adopt various ingenious growth tactics such as collaborations, acquisitions, mergers, and others to garner growth and improve their market positions. The key players aim to diversify their product portfolios through new product launches and technological developments. For instance, in February 2020, Mimaki launched a hybrid digital textile printer called the Tx300P-1800 Mkll. The new printer is capable of performing transfer printing with interchangeable platens.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Digital Textile Printing Market Analysis, Insights and Forecast, 2022-2028
North America Digital Textile Printing Market Analysis, Insights and Forecast, 2022-2028
Europe Digital Textile Printing Market Analysis, Insights and Forecast, 2022-2028
Asia Pacific Digital Textile Printing Market Analysis, Insights and Forecast, 2022-2028
Middle East and Africa Digital Textile Printing Market Analysis, Insights and Forecast, 2022-2028
Latin America Digital Textile Printing Market Analysis, Insights and Forecast, 2022-2028
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
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Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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