Reportocean.com have announced the addition of a new report titled "Digital Textile Printing Machine Market and Forecast to 2025"
Delhi, India -- (SBWIRE) -- 11/25/2019 -- Based on the latest insights in the report title " Global Digital Textile Printing Machine Market by Process Type (Direct-to-garment and Direct-to-fabric), Application (Clothing & Apparel, Home Furnishing, Advertisement, and Others), and Machine Type (Single-Pass and Multi-pass): Global Opportunity Analysis and Industry Forecast, 2018-2025" by Report Ocean, the Market is estimated to reach USD 1,248 million by 2024 growing at a CAGR of 10.0%.
Digital textile printing machine is a type of mechanical machinery that helps in printing graphics or designs directly onto a fabric. This is done so using computer software and inkjet technology. Some of the key factors that are expected to drive the market growth is the rising awareness concerning fashionable clothing, surging demand for short run products, and rising per capital income of individuals. Additionally, it has been also reported that the ecological nature of digital textile printing aids in its market growth. The strict regulations imposed by the government to reduce pollutants and the improved standard of living has helped fuel the growth of the market and is expected to continue doing so in the coming years.
In recent years, technological advancements, lifestyle changes, and increasing disposable income has led to the growth of the global market. In the coming years, the surging demand for innovative as well as creative design options and a shifting inclination towards new and fresh color options are said to offer new opportunities for the market players and subsequently boost the market growth. However, unfavorable effects linked with these machineries can pose to be a challenge for the players functioning in the market and thus hamper its potential growth. The report revealed an anticipated growth of 10% for the global digital textile printing machine market over the forecast period of 2017-2014. The valuation of the digital textile printing machine market was stated to surpass its previous valuation of $647 million in 2017 and reach a projected figure of $1248 million by 2024.
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The global market for digital textile printing machine has been segmented in terms of process type, machine type, and applications.
By process type, the market includes Direct-to-fabric and Direct-to-garment. The direct-to-fabric segment of the market is anticipated to grow at a projected rate of 9.7% during the forecast period. The direct-to-fabric segment is positioned as the dominant holder of the market due to its high speed, prevalence usage, and high color gamut.
By application, the market comprises Advertisement, Clothing & Apparel, Home Furnishing, and others. The Clothing & Apparel segment of the market is anticipated to garner a CAGR of 8.9% during the forecast period.
By machine type, the market segments into Multi-pass and Single-Pass.
The market for digital textile printing machine is geographically distributed across the following key regions globally: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The market in Europe is said to be leading the standings in the coming years in terms of share percentage and revenue generation. However, the digital textile printing machine Asia Pacific market is expected to stand out with the highest CAGR over the forecast period.
The global digital textile printing machine comprises a host of key players. This includes names Konica Minolta, Mimaki, Durst Group, Sawgrass Technologies, Inc., Electronics for Imaging (EFI), Inc., SPG Prints B.V., Kornit Digital, ROQ International, Seiko Epson, and The M&R Company.
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