Digital Textile Printer Market Flourishes as Home Décor and Furnishings Embrace Advanced Printing Technology | Future Market Insights, Inc.
NEWARK, Del., July 13, 2023, (GLOBE NEWSWIRE), — According to Future Market Insights, the
Global Digital Textile Printer Industry
Estimates suggest that the number of people living in poverty will reach
US$ 2,212.9 Million
2023
. Global sales of digital textile printing equipment are expected to increase over the forecast period from 2023 to 2030
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9.8% CAGR
. It is estimated that the total value of the market will be
US$ 5,304.3 millions
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. Today, people are more interested in fast fashion as well as exclusive products which can be customized to meet their individual 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. The demand for unique and personalized home furnishings is increasing, such as curtains, upholstery fabrics and bedding. Digital textile printers are being used to meet this demand.
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Digital textile printers are ideal for printing customized designs, patterns, colours, or even photos on a variety of home textiles. Digital printing is gaining popularity in the home interiors market due to its personalization capabilities.
The global digital textile printer market is also driven by the shift of consumers to online shopping
.
The expectations of today’s consumer are high. They expect a personalized and pleasant shopping experience, as well as affordable, high-quality clothes that follow seasonal trends. These online platforms meet these expectations through their attractive offerings such as seasonal sales, diverse apparel choices and other appealing offers.
The growing demand for fast-fashion amplifies the importance digital textile printers have in the fashion industry. And the shift in customer preference and choice towards online shopping is set to accelerate further market growth.
The Key Takeaways
From 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.
- By 2033, the digital textile market in the United States is expected to reach US$ 568.0 millions.
- Demand for digital textile printers in India is expected to grow at a CAGR of 8.8% during the assessment period.
“
Concerns about sustainability in the print sector are growing.
The ve increased
Demand for digital textile printers. Digital textile printers allow for greater design flexibility, faster production rates and more.
. They are widely used around the world. Key companies are looking to develop advanced printing equipment to expand their customer base.” –
FMI analyst leads the way
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:
https://www.futuremarketinsights.com/customization-available/rep-gb-17495
Digital textile printing is a great alternative to traditional dyeing. It reduces waste and addresses the water pollution from dyeing which is the second most significant 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.
Print-on-demand and a lower price per print make it possible to produce quickly, with profits from any order.
Digital textile printing allows designers to create designs with virtually unlimited color and graphic options. This is a huge improvement over traditional printing techniques. This freedom allows designers the opportunity to express their creativity in creating unique designs.
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. The Tier 1 market players have a share of 15% to 25% in the digital printer industry.
- 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 COMPANY, LTD.
- Konica Minolta, Inc.
- Mutoh Holdings Co. Ltd.
- Dover Corporation
- HP Inc.
- Brother International Corporation
- Other than that, there are very few.
The leading companies are focusing on the development of new digital textile printers with enhanced features. To increase their profits, companies are also implementing different strategies such as partnerships, mergers and acquisitions.
Recent Developments:
-
In Dec 2022
ColorJet Group launched Metro NXT at India ITME-2022, a high quality and fast digital textile printer.
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https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-17495
Global Digital Textile Printer Market By Category
Printing process:
- Direct to Garment
- Dye-sublimation
- Direct to Fabric
By Ink
- Sublimation
- Reactive
- Acid
- Disperse
- Pigment
By Machine Type
- Single Pass Printer
- Grand Format Printer
Substrate
- Cotton
- Silk
- Rayon
- Linen
- 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
Future Market Insights’ Packaging Division
Future Market Insights’ packaging division provides a detailed historical analysis, projections for the coming ten years, and a competitive landscape in a dashboard-style view. From packaging materials and machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. The team’s repository contains 1,000+ reports and has analysed the global packaging industry in more than fifty countries. Contact us to learn more about how we can assist.
Find out more about packaging research:
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Digital Label Printing Market Development
Global demand for digital label printing is forecasted to be US$ 10,538.3 in 2022. It will then grow at a CAGR 5.3%, reaching US$ 17,662.6 from 2022 to 2030.
Market Demand for Digital Printing Packaging
The global digital packaging market is expected to reach US$ 17,760.7 million in 2022. This demand will grow at a 5.1% CAGR to US$ 29,206.9 million from 2022-2032.
Market forecast for Digital Printing Paper
For a variety of reasons, it is expected that the demand for digital print paper will continue to grow. The digital printing paper is used in various industries such as display packaging, food & beverages packaging.
Oceania Digital Textile Printer Market Segmentation
Recent market research has revealed that the Oceania market for digital textile printers is expected to reach US$ 98.4 millions in 2023. The market is predicted to grow at a CAGR between 2023 and 2033 of 4.3%.
About Us :
Future Market Insights, Inc., (an ESOMAR-certified, Stevie Award-winning market research organization, and member of the Greater New York Chamber of Commerce), provides detailed insights into the factors that are driving the demand for the market. The report reveals the opportunities that will drive the growth of the market in different segments based on Source, Application Sales Channel, and End Use for the next 10 years.
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