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Global digital textile printing machine market to reach $1,248 m by 2024

A recent report by Allied Market Research reveals, the global digital textile printing machine market is expected to reach $1,248 million by 2024, growing at a CAGR of 10.0 per cent from 2018 to 2024.Surge in consciousness toward fashion and trends among consumers and growing adoption of sustainable and eco-friendly printing methods will drive market growth.

The direct-to-garment (DTG) segment is expected to grow at the fastest CAGR of 10.3 per cent from 2018 to 2024 due to high efficiency of DTG printers for short-run orders and their extensive use in the production of customised garments such as sportswear, pillow covers, tees, bottom wear, tops, and others.

However, the direct-to-fabric (DTF) segment is expected to remain dominant through the forecast period. This is because of the ability of DTF printers to print on a variety of materials such as cotton, rayon, silks, polyester blends, and others. Enhanced speed, higher print quality, and superior color gamut provided by DTF printers offer lucrative prospects for growth.

Europe contributed about 37 per cent of the total market share in 2017, while Asia-Pacific is expected to grab the largest market share by 2024, registering the fastest CAGR of 12.8 per cent from 2017 to 2024.

 

 
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