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Digital Textile Printing Equipment Market to Witness
Digital Textile Printing Equipment Market to Witness CAGR Of 14.9% Rise in Value Share During the Period 2028
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.
Rise in Value Share During the Period 2028
Mass Personalization driving demand for Digital Textile Printing
Digital textile printing enables precise reproductions irrespective of design complexity. It also allows flexibility in production setting, and optimization of economic and environmental impact. These advantages facilitate the move from mass production to mass personalization and, in turn, are expected to propel the demand for digital textile printing equipment in the future.
The Canon Océ Colorado 1650 enables game changing matte and gloss flexibility without changing inks or paper. The 64” production printer incorporates Canon’s Océ FLXfinish technology, a new approach to LED curing which allows the user to choose between matte or gloss modes for each individual print. In addition, it works with a new version of Canon UVgel ink designed for maximum flexibility by increasing the ‘stretchability’ of each cured ink droplet. This results in output optimal for applications that require cutting, bending, creasing and folding without risk of cracking, such as in soft signage.
Digital textile printing equipment reduce textile waste as well as power consumption. Further, water wastage and ink consumption are also reduced by the use of digital textile printing equipment.
DTG and Sublimation segment to Remain Attractive on Basis of Printing Type and Consumable Ink, Respectively By printing type, the direct to garment (DTG) segment is pegged to be lucrative in the global digital textile printing equipment market and account for significant demand over the forecast period. This can be attributed to the growing penetration of customerspecific product offerings in the digital textile printing equipment market.
The segment is projected to grow at a value CAGR of 16.7% and reach a value of US$1,114.2 million by the end of 2028.
The Kornit Vulcan Plus is the nextgeneration system for DTG mass customization. It is able to deliver more than 2,000 retail-quality impressions in a 12-hour shift, and is an eco-friendly system. It represents the highestcapacity DTG print system in Kornit’s product portfolio and the broader marketplace.
It also utilises Kornit’s single-step process; depending on the job types and working hours involved, this translates to anywhere from 550,000 to more than one million impressions annually. Achieving approximately 50% higher throughput than Kornit Atlas, Vulcan Plus does compromise on application flexibility, requiring all eight of its pallets to be of the same type.
By consumable ink, the sublimation segment is projected to hold a prominent share in the global market for digital textile printing equipment, owing to the enhanced quality of the printed products and longer log life. Sublimation can only be used with polyester, which limits its usage for other materials.
Mimaki’s TS55-1800 is a 76.3-inch dye sublimation textile printer that offers industrial scale production. It includes high-speed one-pass printing at a high-resolution and high inkdensity, unattended printing with the new Mini Jumbo Roll and Mimaki’s Nozzle Check and Recovery System for continuous operation. It prints at a resolution of 480x600 dpi with a high ink density using one-pass printing at 140 square meters per hour.
The segment is expected to create a total incremental opportunity of US$1,068.8 million in the global digital textile printing equipment market by the end of 2028.
Digital Textile Printing Equipment Market: Competitive Landscape
The global market for digital textile printing equipment is highly consolidated and is a competitive landscape. Seiko Epson Corporation is a prominent player with nearly a 25% share in the global digital textile printing equipment market.
