Between 2023 and 2033, the Oceania digital textile printer market is projected to grow rapidly at a CAGR of 4.3%. The market is expected to reach a value of $150 million in 2033. The market’s value will likely surpass US$ 98,4 million by 2023.
Future Market Insights projects that the expansion of e-commerce will increase demand for digital printing in Oceania. Thanks to ecommerce, small and medium-sized producers of textiles can easily reach out to a wider audience.
E-commerce distribution has been most beneficial to people who live in rural or underserved regions. On-demand printing is becoming more popular, and digital textile print technologies can fill this demand.
You can download a PDF sample of the report. https://www.futuremarketinsights.com/reports/sample/rep-gb-17074
The textile industry has seen a rise in demand for customisation and personalization due to the e-commerce. The internet has made it easier for users to access more options.
The modern consumer prefers specialized, personalized products that can be produced using flexible digital textile print techniques.
E-commerce sites are also fueling the demand for sustainable fabrics as consumers become increasingly aware of their impact on the environment.
It is now a standard in the industry to use less water, and reduce energy and chemicals. Comparing digital textile printing to traditional textile printing, it is much more eco-friendly.
The stiff competition in the market has led to an increase in demand for printing options that are versatile and affordable. The stiff competition in this market has encouraged small and medium businesses to adopt digital printing technology for textiles at a faster pace. This trend will continue to drive market growth in the future.
Oceania Digital Textile Printers: Market Study Key Takeaways
- The Oceania digital textile printer industry is anticipated to reach a valuation of US$ 98.4 million by the end of the year 2023.
- The market is expected to reach a total size of US$ 150 million by the end of the forecast period 2023 to 2033.
- The CAGR for the market during 2023 to 2033 is projected to be at 3%.
- Clothing & Apparels End Use segment is anticipated to offer an impressive absolute dollar opportunity of US$ 25.4 million Between 2023-2033.
- Australia is anticipated to be the largest market for digital textile printers across Oceania accounting for a total market valuation of US$ 71.6 million in 2023.
“Oceania is experiencing a rapid expansion of digital textile printing due to the region’s growing need for affordable, on-demand textile printing. Automation, eco-friendly dyes and direct-to fabric printing have made it possible to produce textiles with excellent quality at an affordable price. Digital textile printing is becoming more popular as a result from the expansion of e-commerce distribution. This is expected to provide small and medium-sized textile manufacturers with access to a larger consumer base and satisfy the increased demand for customization and personalisation.” – says an FMI analyst.
Digital Textile Printing Market Landscape and Competitive Landscape
Oceania’s digital textile printing industry is marked by the adoption of numerous strategies. Consolidation is one of the major strategies, but there are also other moves such as acquisitions, mergers, and product innovation.
HP Inc., Brother International Corporation, Seiko Epson Corporation, Konica Minolta, Inc., Colorjet Group, The M&R Companies, Mimaki Engineering Co., Ltd., Aeoon Technologies GmbH, HGS Machines, Ricoh Company, Ltd, Electronics for Imaging, Inc., Kornit Digital, and others are prominent players in the digital textile printing market. Digital textile printers are a fragmented market. Tier 1 players have a 20-25% market share.
As an example
- In October 2021, Kornit Digital announced a new partnership with Amazon, which will allow Amazon sellers to access Kornit’s digital textile printing technology to create and sell customized printed apparel.
Request Report: https://www.futuremarketinsights.com/askus/rep-gb-17074
Oceania Digital Textile Printer Market By Category
By Printer Type
- Direct to Garment (DTG), Printer
- Direct to Fabric Printer
By Substrate
- Cotton
- Silk
- Rayon
- Linen
- Polyester
- Polyamide
- Wool
- Other Substrates
By Ink:
- Reactive
- Acid
- Disperse
- Pigment
By Printer Type:
- Industrial Printer
- Desktop Printer
By Sales Channel:
- Manufacturers Direct Sales
- Distributors/ Suppliers
- Buy it Now
- E-Commerce
By End Use
- Clothing & Apparels
- T-shirts
- Pants
- Leggings
- Caps
- Sweatshirts
- Hoodies
- Shorts
- Golf shirts
- Others (Jackets, Tie, etc.)
- Household
- Bed Linens
- Carpets & Curtains
- Others (Napkins, Towel, etc.)
- Technical Textiles
- Others (Flags & Banners)
By Country
- Australia
- New Zealand
- Papua New Guinea
- Fiji
What FMI is
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It reveals opportunities for market growth by segment based on source, application, sales channel and end use over the next decade.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Check out the latest Market Reports. https://www.futuremarketinsights.com/reports