Global Textile digital printing machine Market to reach USD 12140.3 million by 2025 | CAGR: 5.8%
Global Textile digital printing machine Market is valued USD 7309 million in 2016 is anticipated to grow USD 12140.3 million with the compounded annual growth of 5.8% over the forecast period 2017-2025.
New York 18 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Textile digital printing machine industry is poised to raise USD 12140.3 million by 2025. Some key components for the market development will be; usage of digital textile printing, development in fashion trends, the rise in demand for technical textile, and growth in technological advancements and Various technological advancements in the hybrid and digital textile printing machines are expected to provide lucrative opportunities for the textile printing machine market.
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Global Textile digital printing machine Market Size study, by Type (sublimation inkjet printing, direct to fabric printing, direct to garment printing), by an application (proofing print, small volume production, design teaching), and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include AGFA-GEVAERT N.V., APSOM technologies Pvt. Ltd., durst group, electronics for imaging Inc., Konica Minolta Inc., and so on. Other market players discussed in the report include kornit digital Ltd., ricoh company Ltd., ROQ international, spgprints B.V., the M&R companies. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the largest market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Rise in technological advancements, rapid evolution in fashion trends will increase the demand for technical textiles.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Sublimation inkjet printing
- Direct to fabric printing
- Direct to garments printing
- Proofing print
- Small volume production
- Design teaching
- North America
- Asia Pacific
- Latin America
- Rest of the World