How Big is The Textile Printing Machine Market?
The latest intelligence report published by Report Ocean, titled “Textile Printing Machine Market”2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
According to a new report published by Report Ocean, titled,”Textile Printing Machines Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the textile printing machines market size was valued at $9.201 million in 2017, and is projected to reach at $13,988 million by 2025, growing at a CAGR of 5.5% from 2018 to 2025. Asia-Pacific is expected to be the leading contributor to the global textile printing machines market, followed by Europe and North America.
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How Expansive is the Textile Printing Machine Market?
Textile printing machines are used to print various decorative designs, styles, and patterns using inks onto fabrics. Increase in usage of digital textile printing, rise in demand for technical textile, development in fashion trends and increased spending on fashion apparels and others products are expected to drive the global textile printing machine market. However, harmful environmental impact of textile printing and high cost of production are expected to hamper the market growth. Conversely, various technological advancements in the hybrid and digital textile printing machines are expected to provide numerous growth opportunities for the textile printing machines market.
The rotary screen-printing machines segment accounted for the maximum revenue share in 2017, and is expected to generate maximum revenue during the forecast period in the overall textile printing machines industry, as they provide higher productivity and superior production speed. Moreover, these machines are lightweight in nature, leading to their high preference over other textile printing machines. Floral prints, funky slogans, memes, tribal, and other prints on garments, such as T-shirts, shirts, denims, and jackets are gaining increased popularity, which boosts the growth of the market. The textile printing machines deliver enhanced productivity and high-quality fine images on a garment, thereby guaranteeing high performance. Thus, clothing/garments printing applications segment is expected to witness highest CAGR of 6.7% during forecast period in the textile printing machines market.
The demand for textile printing machines is increasing rapidly, owing to surge in usage of digital textile printing. Moreover, speedy developments in fashion trends and rise in demand for technical textile contribute toward the growth of this market. Furthermore, technological developments and introduction of high-speed, single-pass large printers have led to the upgradation of conventional textile printing machines, which is expected to drive the market growth.
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However, high production cost and harmful environmental impact of textile printing are expected to hamper the market growth. On the contrary, various technological advancements in the hybrid and digital textile printing machines are expected to provide lucrative opportunities for market expansion.
Asia-Pacific accounted for a major share of the global textile printing machines market in 2017, owing to the availability of labor at cheaper costs and high government initiatives toward textile industries in India and China. Asia-Pacific is estimated to grow at the highest rate, followed by Europe due to high demand for customization of prints.
Key Findings of the Textile Printing Machines Market:
In 2017, the rotary screen-printing machine segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 5.2% during the forecast period.
The clothing/garment segment accounted for more than 40% of the textile printing machines market share in 2017.
Italy was the major shareholder in the Europe textile printing machines market, accounting for more than 31% share in 2017.
The key players profiled in the report include Agfa-Gevaert N.V, APSOM Technologies (India) Pvt. Ltd., Durst Group, Electronics for Imaging Inc. (EFI), J. Zimmer Maschinenbau GmbH, Konica Minolta, Inc. (Konica), Kornit Digital Ltd., MHM Siebdruckmaschinen GmbH, Ricoh Company, Ltd., ROQ International, Sawgrass Technologies Inc., Seiko Epson Corporation (Epson), SPGPrints B. V., and the M&R Companies.
Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the textile printing machines market.
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Market Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Market Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Market Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Market Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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