22
Mon, Jul

New report on digital textile printing kit market

Persistence Market Research has published a new report on the digital textile printing equipment market. It values the global market for digital textile printing equipment at $563m in 2018, projected to grow at a value CAGR of 14.9%.
Europe is estimated to dominate the global digital textile printing market in terms of revenue in 2018, and the trend is projected to continue. The East Asia digital textile printing market is pegged to be attractive, with a CAGR of 20.3%. Additionally, China, India and Bangladesh are seen as three emerging countries in the market witnessing healthy growth in terms of investments and adoption rate of digital textile printing equipment. By printing type, the direct-to-garment 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 customer-specific 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 $1,114.2m by the end of 2028. 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. The global market for digital textile printing equipment is highly consolidated. Seiko Epson Corporation is a prominent player with nearly a 25% share in the global digital textile printing equipment market.

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