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The digital printing and dyeing machines market size is estimated to grow at a CAGR of 8.98% between 2022 and 2027. The market size is forecast to increase by USD 8.30 billion. The growth of the market depends on several factors, such as the growing global demand for textiles, the rise in demand for digital textile printing, and the rising demand for non-woven fabrics.
This report extensively covers market segmentation by distribution channel (OEM and indirect sales), type (digital printing machines and dyeing machines), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Digital Printing and Dyeing Machines Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
There is an increasing demand for digital printing and dyeing machines across developing economies such as India and China. One of the main factors that has contributed to the significant growth is the economic factor that has resulted in the demand for affordable options and environmental regulations. The main advantage of digital printing is that it has no limitations on the range of colors utilized during printing, minimizes time, and offers effective results, including photo-realistic effects in the case of special fabrics.
Moreover, another significant benefit is that digital printing does not include the discharge of chemicals and dyes, thus making it a pollution-free process. Hence, the increase in textile painting will increase the demand for digital printing which will positively impact the market. Therefore, it is expected to drive the market growth during the forecast period.
There has been an increase in demand for organic pigments in existing and developing application segments over the past decade. This trend is expected to continue due to factors such as technical properties and cost-effectiveness of these pigments in the end-user segments.
Moreover, there is an increasing demand for organic pigments across several end-users such as textiles and clothing manufacturers. Furthermore, some of the main properties of the organic pigments that are fuelling its adoption include non-toxicity, good color strength, and cost-effectiveness. Hence, such factors are positively impacting the market. Therefore, it is expected to drive market growth during the forecast period.
There is a significant shortage of skilled laborers in the textile industry. In addition, several end-user industries hesitate to provide the necessary in-house training to their existing employees due to the additional costs involved. In addition, it is essential for workers to carefully handle chemicals used in the textile industry at every stage of production.
Moreover, the shortage of skilled laborers results in shop-floor mishaps and delays in production. In addition, there is a significant shortage of support staff, such as electricians and pneumatic and hydraulic machinery technicians. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.
The OEM segment is estimated to witness significant growth during the forecast period. The main advantage of direct selling is that helps companies to avoid high overhead costs, reduce their advertising expenditures, and manage business operations more efficiently. Another significant benefit of direct selling includes the convenience and one-on-one attention to customers provided by having a team of direct sales personnel.
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The OEM segment was the largest segment and was valued at USD 8.23 billion in 2017. In addition, this segment has the significant advantage of generating more revenue and leads quickly. Several market players in the global digital printing and dyeing machines market approach the customers directly so they will be able to get their attention. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
Based on type, the segment is classified into digital printing machines and dyeing machines. There is an increasing popularity for digital printing due to its simplicity. The main advantage of digital printing is that it does not need pre-printing, halftone, and multi-stage printing techniques. In addition, the requirement of water for this segment is only one-third when compared to traditional printing methods. Furthermore, there is an increasing integration of this technology across the major textile-producing nations in Asia, such as China, India, and Pakistan, in order to enhance their production process. Also, several prominent textile units have become aware of this technology which is expected to fuel its adoption. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 57% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. One of the main factors that is significantly contributing to the growth of the digital printing and dyeing machines market in APAC is due to the presence of a large number of textile manufacturers in China, India, Japan, Pakistan, South Korea, and Bangladesh due to the availability of low-cost labor, a rural population that depends on farming, and favorable climatic conditions. China is one of the leading countries in APAC dominating the global textile and garment industry. Another significant market in India is due to the expected growth in organized retail and increased brand consciousness of consumers. Hence, such factors are expected to drive the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global digital printing and dyeing machines market witnessed a significant slowdown due to the halt in international as well as domestic transportation resulting in a disruption in the supply chain of digital printing and dyeing machines. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of manufacturing and supply chain operations. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acme Machinery Co. Pvt. Ltd: The company offers digital printing and dyeing machines such as Longway Board Printing Machine Single and Multi Colour.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Alliance Machines Textiles, Applied Separations Inc., Colorjet Group, Cubotex Srl, Flainox Srl, FONGS Europe GmbH, FUJIFILM Corp., HGS Machines Pvt. Ltd., J. Zimmer Maschinenbau GmbH, Konica Minolta Inc., Kornit Digital Ltd., La Meccanica Spa, Loris Bellini Srl, Mimaki Engineering Co. Ltd., Ricoh Co. Ltd., Roland DG Corp., Seiko Epson Corp., SPGPrints, and Xerox Holdings Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The digital printing and dyeing machines market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Digital Printing And Dyeing Machines Market Scope |
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Report Coverage |
Details |
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Page number |
158 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.98% |
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Market growth 2023-2027 |
USD 8.30 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
8.55 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 57% |
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Key countries |
US, China, India, UK, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Acme Machinery Co. Pvt. Ltd., Alliance Machines Textiles, Applied Separations Inc., Colorjet Group, Cubotex Srl, Flainox Srl, FONGS Europe GmbH, FUJIFILM Corp., HGS Machines Pvt. Ltd., J. Zimmer Maschinenbau GmbH, Konica Minolta Inc., Kornit Digital Ltd., La Meccanica Spa, Loris Bellini Srl, Mimaki Engineering Co. Ltd., Ricoh Co. Ltd., Roland DG Corp., Seiko Epson Corp., SPGPrints, and Xerox Holdings Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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