Printing Innovation Asia Issue 10 2020
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Digital Textile Printing Equi CAGR Of 14.9% Rise in Value A new market study has revealed that the digital textile printing equipment market is expected to have a CAGR of 14.9% rise through to 2028. The study by Persistence Market Research (PMR) titled “Digital Textile Printing Equipment Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028”, includes a deep-dive analysis of the market. The report on the digital textile printing equipment market evaluates the dynamics along with key macroeconomic factors. It also discusses the trends in the global digital textile printing equipment market as well as analyses opportunities across the value chain of the digital textile printing equipment market. The EFI VUTEk 3r+ is a superwide LED roll-to-roll digital textile printer. The “plus” platform, which also includes the 204-inch wide VUTEk 5r+ model, drives greater value for signage and graphics professionals in high-volume, premium-quality close viewing applications. The 3r+ and 5r+ models deliver high-end imaging with superior ink coverage, high colour density and a wide colour gamut. Users also gain improved white printing with up to 30% faster throughput compared
to the original VUTEk 3r/5r models. The global market of digital textile printing equipment is estimated to be valued at US$563.0 million in 2018. It is further projected to grow at a value CAGR of 14.9% and attain a value of US$2,255.4 million by the end of the forecast period. Moreover, the digital textile printing equipment market is expected to create an incremental opportunity of US$1,692.4 million between 2018 and 2028. East Asia to remain attractive with a CAGR of 20.3% The future outlook of the digital textile printing equipment market is expected to remain lucrative, owing to the healthy growth of the textile industry in various regions. The textile industry is a prominent industry in terms of historical growth outlook. The East Asia digital textile printing market is pegged to be attractive, with a CAGR of 20.3% over the forecast period. Countries in East Asia include China, Japan, South Korea, and Hong Kong and Taiwan.
Additionally, China, India and Bangladesh are three emerging countries in the market witnessing healthy growth in terms of investments and adoption rate of digital textile printing equipment.
