Increased usage of digital methods in textile printing, development in fashion trends and the rise in demand for technical textile will drive the global textile printing machine market. Lucrative opportunities for the textile printing machine market will be provided by various technological advancements.
THE BUSINESS RESEARCH COMPANY VALUED THE PRINTING MACHINERY AND EQUIPMENT MANUFACTURING MARKET AT $26 BILLION in 2017
North America was the largest geographic region accounting for nearly three-tenths of the global market, and the USA was the largest country accounting for more than 65% of the global printing machinery and equipment manufacturing market.
The chart below shows the year-on-year growth of the global printing machinery and equipment manufacturing market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, printing machinery manufacturers are using industrial internet of things (IIoT) for faster production and delivery of industrial machinery to customers. IIoT is a technology in which sensors, computers, networks interact with their environment to generate data and improve industrial processes. IIoT streamlines the flow of information and enables real-time decisions. This leads to enhanced production efficiency, minimal machine breakdowns and lower manufacturing costs.
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Goss International was the biggest player in the printing machinery and equipment manufacturing market in 2017, with revenues of $212 Billion in 2016. Goss International embarked on a strategic acquisition program to complement its organic growth. Their strategy is to leverage the capabilities of companies that can enhance their service and aftermarket portfolio, including becoming a total-support, total-solution provider for their customers.
The printing machinery and equipment manufacturing market comprises establishments primarily involved in manufacturing printing and bookbinding machinery and equipment, such as printing presses [offset printing presses (sheetfed presses, & web fed presses), flexo presses], & other presses, typesetting machinery, and bindery machinery.
Printing Machinery and Equipment Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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