Digital Textile Printer Market Flourishes as Home Décor and Furnishings Embrace Advanced Printing Technology | Future Market Insights, Inc.
NEWARK DE, JULY 13, 2023 (GLOBE NEWSWIRE), as per Future Market Insights. Global Digital Textile Printer Industry It is estimated that by 2025, the world population will be at US$ 2,212.9 millions 2023. Global sales of digital textile printing equipment are expected to increase over the forecast period from 2023 to 2030 Click here to learn more about the newest member of our team CAGR of 9.8%. The total market value is expected to reach US$ 5,304.3 Million By 2033.
Growth in the market is driven by continuously changing fashion trends, a high need for advanced printing technologies, and increasing demand for customized & personalized home décor.
The market for custom textiles in the home décor and furnishing sector is experiencing rapid growth. People today prefer exclusive and fast fashion products, which can be personalized and customized according to their needs.
Customers are willing to pay premium prices and actively seek out platforms and brands that cater to their custom home décor needs. This trend is a result of the growing purchasing power of Gen Z and their preference for online shopping.
The demand for printed furniture materials is high. Home furnishings such as curtains and upholstery fabrics are in high demand. The adoption of digital textile printing is a result.
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Digital textile printers offer a range of customization options, including the ability to print specific patterns, colors and designs on home textiles. The ability to customize is driving the digital printing market in the home decor industry.
The global digital textile printer market is also driven by the shift of consumers to online shopping.
Consumers today have high expectations. They want a pleasant, personalized shopping experience and clothing that is affordable and of good quality and aligned to seasonal trends. Online shopping platforms meet these expectations with attractive offerings such as seasonal sales, diverse apparel choices and other appealing offers.
Digital textile printers are expected to grow further in popularity as the demand for fast fashion increases. The shift in consumer preferences towards online shopping will also accelerate the market.
The Key Takeaways The cheapest way to buy a car is by using the Digital Textile Printer Market Research Report
- By 2033, it is estimated that the global digital textile printing industry will reach a value of US$ 5,304.3million.
- According to the ink segment, it is predicted that the pigment segment will grow at a rate of CAGR 11.1% until 2033.
- Direct-To-Garment is expected to have a market share around 50.2% by 2023.
- By end use, the clothing & apparel segment is projected to reach a valuation of US$ 3,474.0 million by 2033.
- In 2033, it is estimated that the United States digital textiles market will reach US$ 568.0 Million.
- The demand for digital textile printers is forecast to increase by 8.8% CAGR in India during the assessment period.
“Concerns about sustainability in the print sector are growing.The ve increased Digital textile printers are in high demand. Digital textile printers allow for greater design flexibility, faster production rates and more.. They are widely used around the world. The key companies are trying to develop advanced equipment for printing to expand their client base. – FMI analyst leads the way
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Digital textile printing has several advantages over traditional dying, including the ability to reduce waste, and the reduction of water pollution that dyeing causes, the second largest global water pollutant.
Further, the agility & flexibility of digital production and textile printing allow manufacturers to efficiently handle both small boutique orders and large retail orders using the same equipment, making it an attractive option.
Fast production is possible with a lower print cost and print-on demand convenience. Profitability can be achieved from orders in any quantity by pressing a single button.
Digital textile printing allows designers to create designs with virtually unlimited color and graphic options. This is a huge improvement over traditional printing methods. Designers can now unleash their creativity to create unique designs.
The benefits are also extended to the supply chains. With digital printing, meeting production and delivery deadlines is easier. This prevents overstocking. Designers can constantly produce new collections to keep up with ever-changing fashion trends, while customers can satisfy their desire for customized apparel, décor, and gift items.
Key The Winning Strategies of Companies:
The report profiles the following prominent Digital Textile Printer Manufacturers. Tier 1 players hold between 15% and 25% of the market share for digital textile printers.
- Seiko Epson Corporation
- Kornit Digital Ltd.
- Durst Group A
- Aeoon Technologies GmbH
- J. Zimmer Maschinenbau GmbH
- SPGPrints BV
- Ricoh Company, Ltd
- ATP COLOR S.R.L
- Electronics For Imaging, Inc.
- DCC Group
- MIMAKI ENGINEERING WORKS CO. LTD.
- Konica Minolta, Inc.
- Mutoh Holdings Co. Ltd.
- Dover Corporation
- HP Inc.
- Brother International Corporation
- Other than that, there are very few.
Leading companies concentrate on developing digital textile printing machines that have enhanced features. To increase their profits, companies are also implementing different strategies such as partnerships, mergers and acquisitions.
Recent Developments:
- In Dec 2022ColorJet Group has launched Metro NXT – a high-quality, high-speed digital fabric printer at India ITME 2022.
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Global Digital Textile Printer Market, by Category
By printing process:
- Direct to Garment (DTG).
- Dye-sublimation
- Direct to Fabric
By Ink
- Sublimation
- Reactive
- Acid
- Disperse
- Pigment
By Machine Type
- Single Pass Printer
- Grand Format Printer
By Substrate
- Cotton
- Silk
- Rayon
- Linen
- The use of Polyester
- Polyamide
- Wool
By Sales Channel:
- Manufacturers (Direct sales)
- Distributors/Suppliers
By End Use
- Clothing & Apparels
- T-shirts
- Pants
- Leggings
- Caps
- Sweatshirts
- Hoodies
- Shorts
- Golf Shirts
- Others (Jackets, Tie, etc.)
- Household
- Bed Linens
- Carpets & Curtains
- Others (Napkins, Towels, etc.)
- Technical Textiles
- Others (Flags & Banners, Décor, etc.)
By Region
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East & Africa
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Find out more about packaging research:
Digital Printed Cartons Market Overview According to FMI’s latest report, digital printed cartons are expected to grow at a rate of CAGR 6.5%-7% over the next decade.
Digital Label Printing Growth: The global digital label printing market is expected to reach US$ 10,538.3 million in 2022. This demand will grow at a 5.3% CAGR to US$ 17,662.6 million from 2022-2032.
Digital Printing Market Demand: In 2022, the global demand for digitally printed packaging is forecasted to reach US$17760.7 Million. The CAGR from 2022-2032 is forecast to be 5.1%.
Market forecast for Digital Printing Paper: For a variety of reasons, the demand for digital print paper is expected to continue growing. The digital printing paper is used in various industries such as display packaging, food & beverages packaging.
Oceania Digital Textile Printer Market: According to recent market research, the Oceania market for digital textile printers is expected to reach a value of US$98.4 in 2023. It is projected to continue to expand at a 4.3% CAGR over the forecast period of 2023-2033.
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