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 ) — Future Market Insights’ (FMI) report indicates that 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 You can find out more about this at 9.8% CAGR. 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. 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.
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. These demands are met by online shopping platforms that offer attractive offers, like seasonal sales and a wide range of apparel options.
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.
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- By 2033, it is estimated that the global digital textile printing industry will reach a value of US$ 5,304.3million.
- The pigment segment, based on ink sales, is expected to grow at a CAGR between 11.1% and 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.
- The demand for digital textile printers is forecast to increase by 8.8% CAGR in India during the assessment period.
“Growing concerns about sustainability in printing haIncreased ve Digital textile printers are in high demand. Digital textile printers provide design flexibility and quicker production rates. They are widely used around the world. “Key companies are developing advanced printing equipment in order to increase their customer base.” – FMI analyst leads the way
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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 polluter.
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. Designers can now unleash their creativity to create unique designs.
Benefits are also extended to the supply chains. Digital printing makes it easier to meet production and shipping deadlines, which 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:
Here are some of the most prominent Digital Textile Printer Manufacturers that were profiled in this report. Tier 1 players hold between 15% and 25% of the digital textile printer market.
- 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 & CO., LTD.
- Konica Minolta, Inc.
- Mutoh Holdings Co. Ltd.
- Dover Corporation
- HP Inc.
- Brother International Corporation
- There are many others.
Leading companies concentrate on developing digital textile printing machines that have enhanced features. They also implement various strategies to increase profits, such as mergers, partnerships 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
Printing process:
- Direct to Garment
- Dye-sublimation
- Direct to fabric (DTF)
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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Oceania Digital Textile Printer Market segmentation: Recent research shows that the Oceania Digital Textile Printer market will reach US$ 98.4 Million in 2023. The market is predicted to grow at a CAGR between 2023 and 2033 of 4.3%.
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