Digital Textile Printing Equipment Market

However, the initial cost of setup associated with digital textile printing equipment is on the higher side. This may have a negative impact on investor confidence for investing in such advanced technology. Moreover, though it produces high quality print work, but mass production is not possible in the direct to garment printing method. It is believed that digital inks fade faster in comparison to offset inks, which may further derail the growth of the digital textile printing equipment market. But having said that, the advantages associated with digital textile printing technology surpass the disadvantages by a large margin. This sets up the table for significant growth in the demand of digital textile printing equipment in the near future.

Digital Textile Printing Equipment Market: Insights in Brief

The overall textile printing technology market has positive growth prospects, owing to the overall growth of the textile industry in economies of Europe, such as Italy and Spain. Moreover, increasing research and development investment in advancement of digital textile printing technology creates avenues for the growth of the digital textile printing equipment market in the near future. Increasing popularity of polyester as an alternative to cotton as a textile fabric further creates opportunities for digital textile printing equipment providers to augment their business in the near future. Attributing to such significant demand for digital textile printing technology, there is scope for manufacturers to augment their business in the near future.

Digital Textile Printing Equipment: Market Dynamics

Surge in Advertising through Printing on Garments and Apparels

Advertising agencies devise new methods for advertising from time to time. One of these methods is printing on garments and apparels. The direct to garment printing technology is gaining traction in many parts of the world for numerous applications. Moreover, the demand for digital textile printing is also witnessing incremental growth for use in household decor applications. This is anticipated to promote the growth of the digital textile printing market in the coming years. Moreover, digital textile printing offers an added advantage of flexibility of adapting to fashion designs and shortening of lifespan for the coloring operation. This is expected to further boost the demand for the digital textile printing method in the coming years.

Shift towards Sustainable Printing

The concept of sustainability is gaining traction and hence, is being applied and implemented to each and every domain, including textile printing. The demand for sustainable printing technology has grown significantly over the past few years. With the introduction of digital textile printing, cloth waste has reduced significantly. Moreover, the waste generated from the digital textile printing is also relatively less. Mostly importantly, textile digital printing offers energy savings and ink savings. With the emergence of E-commerce as a popular sales channel, the growth of the digital textile printing market is pegged to be on the higher side.

Digital Textile Printing Equipment Market: Key Players

Examples of some of the key players operating in the global digital textile printing market are Hollanders Printing Systems, DCC Print Vision Llp, Kornit Digital Ltd, Roland DGA Corporation, Mimaki India Private Limited, Monotech Systems Limited, CNT Expositions & Services LLP, Dover Corporation, D-Gen Inc., Konica Minolta, Seiko Epson, Shenzhen HOMER Textile Tech Co., Ltd, Digitex India Inc., Bordeaux Digital PrintInk, and HGS Machines.

Digital Textile Printing Equipment Market: Key Developments

• In 2016, Seiko Epson Corporation announced two new hub sites for developing digital textile printing products. The research lab focusing on ink technology is being developed in collaboration with For.Tex.
• In 2018, Kornit Digital announced the launch of HD printing technology for the avalanche series with an objective of drastically reducing the cost of printing

Digital Textile Printing Equipment Market: Key Opportunities

Shifting trend towards the use of energy-efficient printing technology, coupled with higher efficiency, is anticipated to ramp up the market in the coming years. This is expected to attract new investments in the market, which will further create opportunities for the players to augment their business in the coming years. Furthermore, the demand for vehicle wraps and home furnishing has increased substantially. This is expected to further create opportunities for market players to strengthen their revenue stream in the coming years.

Digital Textile Printing Equipment Market: Regional Outlook

Europe has a strong foothold in the digital textile printing equipment market. The region is expected to further experience substantial growth in the coming years, owing to the increasing growth of the printing industry. Digital printers are being developed at a significant rate in Europe to meet the demand for high quality data printing. Moreover, the textile industry in Asia Pacific is witnessing a rapid boom. This can be attributed to relatively low labor cost in the region, which is further accompanied by initiatives to augment the textile manufacturing capacity. The U.S. has fairly low dominance in the digital textile printing equipment market but growth prospects are positive for the near future.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate digital textile printing equipment market data covered in this report. A detailed market understanding and assessment of the nature, product type and end uses of the product segments covered in the study is followed by a demand-side analysis to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. A detailed analysis of textile printing market is done and conclusions are derived from that to reach a market size of the digital textile printing market. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.