Aug 14, 2023
Digital Textile Printer Market Flourishes as Home Décor and Furnishings Embrace Advanced Printing Technology
NEWARK, Del, July 13, 2023 (GLOBE NEWSWIRE) -- As per Future Market Insights (FMI), the Global Digital Textile Printer Industry is estimated to reach US$ 2,212.9 million in 2023 . Over the forecast
NEWARK, Del, July 13, 2023 (GLOBE NEWSWIRE) -- As per Future Market Insights (FMI), the Global Digital Textile Printer Industry is estimated to reach US$ 2,212.9 million in 2023 . Over the forecast period 2023 to 2033, global sales of digital textile printers are expected to rise at 9.8% CAGR . This is projected to take the total market valuation to US$ 5,304.3 million by 2033 .
Growth in the market is driven by continuously changing fashion trends, a high need for advanced printing technologies, and increasing demand for customized & personalized home décor.
The market for custom textiles in the home décor and furnishing sector is experiencing rapid growth. Nowadays, people prefer fast fashion and exclusive products that can be customized and personalized according to their specific demands.
Customers are willing to pay premium prices and actively seek out platforms and brands that cater to their custom home décor needs. This trend is particularly evident due to the increasing purchasing power of Gen Z, who are more inclined towards online shopping.
There is a strong demand for printed materials used in furniture. Consumers are increasingly looking for personalized and one-of-a-kind home furnishings, including curtains, upholstery fabrics, bedding, and cushions. This, in turn, is encouraging the adoption of digital textile printers.
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Digital textile printers have emerged as ideal printing solutions, allowing for customization by enabling the printing of specific designs, patterns, colors, and even photographs on a wide range of home textile products. This personalization capability is significantly fueling the demand for digital printing within the home interior market.
Consumers shift to online shopping is another key factor driving the global digital textile printer industry .
Today's consumers have elevated expectations, seeking pleasant and personalized shopping experiences and affordable and high-quality clothing aligned with seasonal trends. Online shopping platforms fulfill these demands through attractive offerings, such as seasonal sales and diverse apparel selections.
The rising demand for fast fashion amplifies the importance of digital textile printers in the fashion sector, and the ongoing shift in customer preferences and choices toward online shopping is poised to accelerate market growth further.
Key Takeaways from the Digital Textile Printer Market Research Report:
“ Growing concerns over sustainability in the printing sector ha ve increased demand for digital textile printers. Digital textile printers offer design flexibility and faster production rates . As a result, they are being widely used globally. Key companies are looking to develop advanced printing equipment to expand their customer base.” - says a lead analyst at FMI
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Digital textile printing offers several advantages over traditional dyeing, starting with its ability to reduce waste and address the water pollution caused by dyeing, which is known as the second leading global water polluter.
Further, the agility & flexibility of digital production and textile printing allow manufacturers to efficiently handle both small boutique orders and large retail orders using the same equipment, making it an attractive option.
With a lower cost per print and the convenience of print-on-demand, fast production is possible, enabling profitability from orders of any quantity with just a single button push.
Digital textile printing provides designers with nearly limitless graphic and color capabilities, surpassing traditional printing technologies. This freedom allows designers to unleash their creativity and produce unique designs.
The benefits extend to the supply chain as well. Meeting production and shipping deadlines become easier with digital printing, thereby preventing overstocking. Designers can constantly produce new collections to keep up with ever-changing fashion trends, while customers can satisfy their desire for customized apparel, décor, and gift items.
Key Companies and Their Winning Development Strategies:
Following are the prominent Digital Textile Printer Manufacturers profiled in the report. The Tier 1 players in the market hold a 15% to 25% share in the digital textile printer industry.
Leading companies focus on developing new digital textile printing machines with enhanced features. Further, they are implementing various strategies, including mergers, partnerships, acquisitions, etc., to gain profits.
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Global Digital Textile Printer Market by Category
By Printing Process:
By Machine Type:
By Sales Channel:
By End Use:
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 LinkedIn | Twitter | Blogs | YouTube For Sales Enquiries : [email protected]Global Digital Textile Printer Industry US$ 2,212.9 million in 2023 at 9.8% CAGR US$ 5,304.3 million by 2033 Download the Sample Report to Explore Other Factors Driving the Global Digital Textile Printer Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-17495 . Key Takeaways from the Digital Textile Printer Market Research Report: “ Growing concerns over sustainability in the printing sector ha ve increased demand for digital textile printers. Digital textile printers offer design flexibility and faster production rates . As a result, they are being widely used globally. Key companies are looking to develop advanced printing equipment to expand their customer base.” - Receive a Customized Report for Deeper Insights : Key Companies and Their Winning Development Strategies: Recent Development: In Dec 2022 Engage with Our Analyst for Expert Insights: Global Digital Textile Printer Market by Category By Printing Process: By Ink: By Machine Type: By Substrate: By Sales Channel: By End Use: By Region: About the Packaging Division at Future Market Insights Explore Research Related Reports of Packaging: About Us : Contact Us: For Sales Enquiries :