5627 GA Eindhoven
Persistence Market Research (PMR) has released a new market study titled “Digital Textile Printing Equipment Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028”.
The scope of study includes a deep-dive analysis of the global Digital Textile Printing Equipment Market for the next ten years. The report evaluates the dynamics along with key macroeconomic factors. It also discusses the trends in the global digital textile printing equipment market as well as analyses opportunities across the value chain of the digital textile printing equipment market.
The global market of digital textile printing equipment is estimated to be valued at $563.0 Million in 2018 and is further projected to grow at a value CAGR of 14.9% and attain a value of $2,255.4 Million by the end of the forecast period. Moreover, the digital textile printing equipment market is expected to create an incremental revenue opportunity of $1,692.4 Million between 2018 and 2028.
The future outlook of the digital textile printing equipment market is expected to remain lucrative, owing to the healthy growth of the textile industry in various regions, a prominent industry in terms of historical growth outlook. Further, it is anticipated to grow with a similar growth pattern during the forecast period. Europe is estimated to dominate the global digital textile printing market in terms of revenue in 2018, and the trend is projected to continue throughout the forecast period.
Further, the East Asia digital textile printing market is pegged to be attractive, with a CAGR of 20.3% over the forecast period. Additionally, China, India, and Bangladesh are three emerging countries in the market witnessing healthy growth in terms of investments and the adoption rate of digital textile printing equipment.
Courtesy to Chris Fernando, Print Pack MEA