Portland, OR -- (SBWIRE) -- 10/13/2017 -- Increase in usage of digital textile printing, development in fashion trends, rise in demand for technical textile, and growth in technological advancements are expected to drive the global textile printing machine market. Various technological advancements in the hybrid and digital textile printing machines are expected to provide lucrative opportunities for the textile printing machine market.

Global textile printing machine market was valued at $7,309 million in 2016 and is projected to reach $10,220 million by 2023, growing at a CAGR of 5.0% from 2017 to 2023. Textile printing machines are electronic machines used to print various decorative designs, styles, and patterns using inks onto fabrics such as cotton, silk, wool, polyester, and other materials.

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The report segments the global textile printing machine market on the basis of type, application, and geography. Based on type, the market is divided into rotary screen textile printing, automatic flat screen printing, hand screen printing, dye sublimation transfer printing, digital textile printing, hybrid textile printing, and others.

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On the basis of application, it is classified into clothing/garment, household, display & others and technical textiles. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The digital textile printing machine is expected to grow at a fastest CAGR of 9.7% during the forecast period (2017-2023).

Textile Printing Machine Market Key Segments:

By Type

-Rotary screen textile printing
-Automatic flat screen printing
-Hand screen printing
-Dye sublimation transfer printing
-Digital textile printing
-Hybrid textile printing
-Others

By Application

-Clothing/Garment
-Household
-Display & others
-Technical textiles