Digital Textile Printers’ demand is on the rise – Market to attain a value of US$ 2,255.4 Million by 2028
05 September 2020: Recent market survey titled “Digital Textile Printing Equipment Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” highlights some promising trends. According to the survey, released by Persistence Market Research (PMR), the global market of digital textile printing equipment is projected to grow at a value CAGR of 14.9% and attain a value of US$ 2,255.4 Million. The digital textile printing equipment market is expected to create an incremental opportunity of US$ 1,692.4 Million between 2018 and 2028.
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 report also notes that East Asia Digital Textile Printing Market to Remain Attractive With a CAGR of 20.3%. 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. Europe is estimated to dominate the global digital textile printing market in terms of revenue.
Digital textile printing equipment reduces textile waste as well as power consumption. Further, water wastage and ink consumption are also reduced by the use of digital textile printing equipment.
The direct to garment segment is pegged to be lucrative in the global digital textile printing equipment market and account for significant demand. This can be attributed to the growing penetration of customer-specific product offerings in the digital textile printing equipment market.
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.