Today’s Newsletter is focusing on overviews of the Textile Printing Machine Market and the Automotive Fabric Market. Both are based upon recent reports by Allied Market research and are commercially available.
Textile Printing Machine Market by Type (Rotary Screen Textile Printing, Automatic Flat Screen Printing, Hand Screen Printing, Dye Sublimation Transfer Printing, Digital Textile Printing, Hybrid Textile Printing, and Others) and Application (Clothing/Garment, Household, Display & Others, and Technical Textiles): Global Opportunity Analysis and Industry Forecast, 2018 – 2025. The report was published in March 2019 by Allied Market Research and is commercially available.
Textile Printing Machine Market Overview:
The global textile printing machine market size is expected to reach USD 13988 million by 2025 from USD 9201 million in 2017, growing at a CAGR of 5.5 % from 2018 to 2025.
Textile printing machine is an electronic machine used to print various embellished designs, styles, and patterns using inks onto fabrics such as cotton, silk, wool, polyester, and other materials. These machines require continuous maintenance, as the print heads are highly prone to ink drying and ink clogging, thus requiring proper cleaning.
They are widely used for customized printing on t-shirts using various technologies such as inkjet printing and others. Textile printing machine market share is occupied by companies such as Kornit Digital Ltd., Spgprints B. V., and other leading players.
The demand for textile printing machines is increasing rapidly, owing to surge in usage of digital textile printing. Moreover, speedy developments in fashion trends and rise in demand for technical textile contribute toward the growth of the textile printing machine market. Furthermore, technological developments and introduction of high-speed, single-pass large printers have led to the upgradation of conventional textile printing machines, which is expected to drive the textile printing machine industry growth. However, high production cost and harmful environmental impact of textile printing are expected to hamper the textile printing machine market growth. On the contrary, various technological advancements in the hybrid and digital textile printing machines are expected to provide lucrative opportunities for textile printing machine market expansion.
The report segments the global Textile Printing Machine Market on the basis of type, application, and region. Based on type, the textile printing machine market is divided into rotary screen textile printing, automatic flat screen printing, hand screen printing, dye sublimation transfer printing, digital textile printing, hybrid textile printing, and others. The textile printing machines market application is classified into clothing/garment, household, display & others, and technical textiles. The digital textile printing machine is expected to grow at the highest CAGR of 9.7 % during the forecast period.
Region wise, the textile printing machine market is analysed across North America, Europe, Asia-Pacific, and LAMEA. Various countries covered under each region are studied and analysed to identify the major trends demonstrated by these respective regions. The textile printing machines market share for Asia-Pacific dominated the market in 2017, followed by Europe.
Top Impacting Factors
The top impacting factors for global textile printing machine market are surge in usage of digital textile printing, high cost of production, harmful environmental impact of textile printing, rise in technological advancements, rapid evolution in fashion trends, and growth in demand for fabric printing machine. The textile and clothing industries have a negative impact on the environment, as companies make use of chemicals to bleach and color textiles that further damage the environment and workers’ health. Moreover, dyes are the key pollutants that disturb the wildlife and landscape. Therefore, chemical companies are now developing less harmful textile-processing chemicals.
Rise in demand for technical textiles
Technical textiles are used for non-aesthetic purposes, and offer several advantages in their functional aspect for improving health & safety. They have applications ranging from simple use in agriculture, clothing, packaging, and furnishing to more complicated applications in automotive, filtration, construction, and environmental protection. Thus, rise in demand for technical textiles has been witnessed in the recent years, which fuels the growth of the global textile printing machine market.
Development in fashion trends
Rapid urbanization has increased consumer expenditure in the textile printing machine market and constant need for change in fashion trends. Significant growth in and fast-changing retail and online clothing market present major growth opportunities for foreign and domestic players in the Asia-Pacific region. Moreover, trend for digital prints on t-shirts facilitates the growth of the textile printing machines market.
Improvement in economic conditions/growth in disposable income
Improvement in economic condition and growth in disposable income are the two key factors that propel the market growth for luxury goods. After the 2009 Europe economic crisis and China economic crisis, the world economy witnessed a standstill. However, the world has revived from the impact of the crisis, which is evident from the constant rise in GDP since 2010. Strong economic growth, especially in the developing economies, has led to increase in disposable income among the middle-income groups, consequentially adding to the middle-class population. In addition, disposable income of individuals in North America and Asia-Pacific has increased, thus majorly driving the growth of the textile printing machine market.
Competitive analysis and profiles of the major textile printing machines market players, such as AGFA-GEVAERT N.V., Apsom Technologies (India) Pvt. Ltd., Durst Group (Durst Phototechnik AG), Electronics for imaging Inc., J. Zimmer Maschinenbau GmbH, Konica Minolta Inc., Kornit Digital Ltd., MHM SIEBDRUCKMASCHINEN GmbH, Ricoh Company, Ltd. (Anajet), Roq International, Sawgrass Technologies Inc., Seiko Epson Corporation, Spgprints B. V., and the M&R are textile printing machine manufacturers covered in this report.Key Benefits for Textile Printing Machine Market
The report provides an extensive analysis of the current & emerging market trends and dynamics in the global textile printing machines market.
In-depth analysis is conducted by constructing market estimations for the key market segments between 2018 and 2025.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities in these geographies.
Key market players within the textile printing machines market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global textile printing machines market.
Textile Printing Machine Key Market Segments:
Rotary Screen Printing
Automatic Flat Screen Printing
Dye Sublimation Transfer Printing
Digital Textile Printing
Hybrid Printing Machines
Display & Others
Rest of Europe
Rest of Asia-Pacific
Apsom Technologies (India) Pvt. Ltd.
Durst Group (Durst Phototechnik AG)
Electronics for imaging Inc.
J. Zimmer Maschinenbau GmbH
Konica Minolta Inc.
Kornit Digital Ltd.
MHM SIEBDRUCKMASCHINEN GmbH
Ricoh Company, Ltd. (Anajet)
Sawgrass Technologies Inc.
Seiko Epson Corporation
Spgprints B. V.
The M&R Companies
The Automotive Fabric Market
Automotive Fabric Market by Fabric Type (Polyester, Vinyl, Leather, Nylon, and Others), Vehicle Type (Passenger Type and Commercial Vehicle), and Application (Floor Covering, Upholstery, Pre-assembled interior Components, Tires, Safety Belts, Airbags, and Others): Global Opportunity Analysis and Industry Forecast, 2018 – 2025. This report was published by Allied Market Research in February 2019 and is commercially available
Automotive Fabric Market Overview:
The global automotive fabric market was valued at USD 29839.9 million in 2017, and is projected to reach USD 37282.2 million by 2025, registering a CAGR of 2.9 % from 2018 to 2025. In 2017, Asia-Pacific accounted for the highest share in the global automotive fabric market.
Automotive fabrics are often used for auto upholstery & interiors of the vehicles, which include interior carpets, seat, headliners, dashboard, and others. These fabrics are designed to offer passengers with maximum comfort, safety, and security during the drive. Furthermore, they enhance interior ambiance offering attractive look to the vehicles. Leather, vinyl, nylon and polyester are four types of automotive fabrics primarily utilized in vehicles.
Rise in sale of vehicles; rapid economic improvement; implementation of stringent government safety standards for usage of airbags, safety belts, and others are the key factors that significantly contribute toward the growth of the global automotive fabric market. Moreover, upsurge in production of passenger vehicles in developing countries of Asia-Pacific is majorly characterized by rise in disposable income, which fuel the market growth. Thus, increase in adoption of fabric materials is directly related to the advancement in applications of the passenger vehicle segment.
The key players operating in the automotive fabric market include SRF Limited, Lear Corporation, Acme Mills Company, Suminoe Textile Co. Ltd., Adient Plc., Heathcoat Fabrics Limited, Seiren Co., Ltd., Toyota Boshoku Corporation, Martur Automotive Seating System, and Grupo Antolin Irausa, S.A.
Rise in sale of vehicles
In the recent years, the sale of automotive has been witnessed to increase considerably, due to improvement in manufacturing facilities in most of the emerging countries such as China, India, and Brazil. The global automotive sector ensures enhanced productivity and sales in the near future, as this sector consists of different segments, such as premium and four wheelers, which in turn drive profitability. This factor majorly influences prominent players of the automotive sector to invest and expand the business through different segments to gain better profitability. Moreover, increase in disposable income of consumers and surge in passenger vehicles sale across the globe have fueled the demand for automotive vehicle. India, China, and Brazil serve as the lucrative countries for the automotive sector, owing to increase in demand for vehicles, rise in population, rapid urbanization, large international trades, and supportive government initiatives. In recent years, consumers have shifted their interest to technologically advanced automobiles, requiring low cost and low maintenance vehicles, which have several interior applications. This in turn increases the overall use of fabrics in vehicles. Thus, such rise in the sales of automotive vehicles due to their advanced features is expected to create numerous opportunities for market expansion.
Increase in number of accidents
The number of road accidents and mishaps is increasing at higher rate. Being the cheapest way of transportation, the number of operating vehicles on roads has been witnessed to increase at a significant rate, which is the major factor for increase in incidence of road accident. A large share of road accidents is reported in the developing countries such as India, China, Indonesia, and Brazil. Rise in road accidents drives various car manufacturers to install different active and passive safety systems, thereby preventing road mishaps. Thus, car manufacturers are required to provide smart and crashworthy vehicles to curb the fatality on roads in developing countries where automobile safety regulations are more lenient than those in developed countries. Moreover, it has been noticed that 80 % of road traffic accidents occur in middle-income countries such as Russia, Mexico, China, Thailand, and India, which comprise 72 % of population but only 52 % of registered vehicles. Thus, rise in number of road accidents create additional demand for fabrics needed for the safety features in vehicles. This in turn drives the growth of the global automotive fabric market.
Stringent safety standards for usage of airbags, safety belts, and others
The automotive market is positively affected by safety regulations implemented by government for installation of airbags, seat belts, and anti-lock braking systems (ABS) in every vehicle. Europe and North America have been witnessed to follow these regulations more stringently as compared to Asia-Pacific and rest of the world. However, in developing countries, OEMs are providing airbags and ABS as standard features in vehicles, supporting the government to improve safety measures. This in turn increases the use of fabric materials needed for in-vehicle safety features. These safety systems need separate fabric materials for different component applications to function. Moreover, government of India is planning to set up its own safety authority Bharat National Car Assessment Programme (NCAP) that rates vehicle on the basis of safety features used inside the car. Such initiatives from various governments are creating awareness about the safety features, which boost the growth of the automotive fabric market.
Surge in raw material cost
Various raw materials such as steel, rubber, and leather are used to manufacture interior components. Therefore, increase in prices of these raw materials negatively affect the automotive interior vendors. The tariff on import of steel and aluminum is adversely affecting many players in the market. Growth in demand for fabric materials needed for airbags & different in-vehicle interior applications and addition of tariffs increased the steel prices by around 40% in the U.S. from 2017 to 2018. This rise in prices of raw materials is expected to hamper the growth of the automotive interiors market during the forecast period.
Harmful impact of increased use of leather
Leather production impacts the environment in a negative manner, as chemicals and toxins used on leather after manufacturing release harmful fumes that pollute water resources and increase air pollution. Furthermore, the use of different chemicals during leather processing produces wastes in solid, liquid, and gaseous forms. In addition, solid waste produced in leather industry include animal skin trims, animal hairs, flesh wastes, buffing dust, and keratin wastes. Increase in preference for natural material-based fabrics as compared to leather for use in vehicles restrains the growth of the market. Thus, brands such as Zara, Marks & Spencer, Prada, Hugo Boss, and Armani have been banned in Spain, and hence have focused on natural leather production. In addition, SLG manufacturer brands have focused on developing new eco-friendly systems for manufacturing leather.
Rise in demand for environment-friendly fabric material
Governments in Asia-Pacific and other regions are actively promoting environment-friendly leather or fabric material in their respective countries. Moreover, animal rights in several countries have become a major hurdle for natural leather manufacturers. Surge in awareness among consumers regarding animal killings owing to the programs run by organizations such as PETA, PAWS, WWF, and others has played a major role in fuelling the demand for other alternatives. Furthermore, the supply demand gap in the natural leather industry is another major factor, which is responsible for manufacturers opting for artificial alternatives. For instance, Marvel started offering variety in fabric materials for automotive applications, which are environment friendly. Such innovation and technological advances in the quality of the faux leather materials are creating lucrative opportunity for the automotive fabric market in the near future.
Upsurge in demand for low-weight automotive fabric to reduce vehicle pollution
Low weight automotive fabric materials such as broadcloth, velour, and vinyl are used majorly in automotive for interior & exterior applications. Advanced materials are essential for boosting the fuel economy of modern automobiles while maintaining safety and performance. Replacing traditional steel components with lightweight fabric materials such as high strength carbon fibre and polymer composites can directly reduce the weight of a vehicles body and chassis by up to 50 %, and therefore reduce a vehicles fuel consumption. For instance, the U.S. Department of Energys Vehicle Technologies Office (VTO) developed advanced materials that boost the fuel economy of modern vehicles, while maintaining safety and performance. Moreover, Audi R8 Spyder includes carbon-fiber-reinforced polymer (CFRP) in the rear section, including the convertible-top compartment lid that reduces the overall weight of the vehicle and increases performance efficiency. Such advancements in fabric materials and rise in demand in automotive are expected to create remunerative opportunity for market expansion during the forecast period.
Key Benefits for Automotive Fabric Market:
- This study presents analytical depiction of the automotive fabric market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.
- The current market is quantitatively analysed from 2018 to 2025 to benchmark the financial competency.
- Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Automotive Fabric Key Market Segments:
By Fabric Type
- Pre- assembled interior components
- Safety Belts
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Rest of Europe
Rest of Asia-Pacific