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Digital Textile Printing Market size is set to grow by USD 3.33 billion from 2024-2028, Increasing number of trade shows and exhibitions to boost the market growth, Technavio

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NEW YORK, July 5, 2024 /PRNewswire/ — The global digital textile printing market  size is estimated to grow by USD 3.33 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.2%  during the forecast period.  Increasing number of trade shows and exhibitions is driving market growth, with a trend towards increasing significance of UV-cured inks. However, shift from print media to digital media  poses a challenge. Key market players include aeoon technologies GmbH, AM Printex Solutions, d.gen Inc, Dazian LLC, DIC Corp., Dover Corp., DuPont de Nemours Inc., Durst Group AG, FUJIFILM Speciality Ink Systems Ltd., Hollanders Printing Systems, Huntsman International LLC, Kornit Digital Ltd., Marabu GmbH and Co. KG, Mimaki Engineering Co. Ltd., Ricoh Co. Ltd., Roland DG Corp., Seiko Epson Corp., SPGPrints, Totem Group Ltd., and Zhengzhou Hongsam Digital Science and Technology Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Disperse and sublimation inks, Reactive ink, Acid ink, and Pigment ink), Application (Clothing, Soft signage, Home textiles, Textiles, and Others), and Geography (Europe, APAC, North America, South America, and Middle East and Africa)

Region Covered

Europe, APAC, North America, South America, and Middle East and Africa

Key companies profiled

aeoon technologies GmbH, AM Printex Solutions, d.gen Inc, Dazian LLC, DIC Corp., Dover Corp., DuPont de Nemours Inc., Durst Group AG, FUJIFILM Speciality Ink Systems Ltd., Hollanders Printing Systems, Huntsman International LLC, Kornit Digital Ltd., Marabu GmbH and Co. KG, Mimaki Engineering Co. Ltd., Ricoh Co. Ltd., Roland DG Corp., Seiko Epson Corp., SPGPrints, Totem Group Ltd., and Zhengzhou Hongsam Digital Science and Technology Co. Ltd.

Key Market Trends Fueling Growth

The digital textile printing market is experiencing significant growth due to the increasing popularity of UV-cured inks. These inks offer several advantages, including faster drying time, lower volatile organic compound (VOC) content, and the ability to print on various materials such as glass, vinyl, metals, and wood. UV-cured inks do not get absorbed by textiles, eliminating the risk of smudging and the need for additional coatings. Their properties include scratch and abrasion resistance, enhanced chemical and solvent resistance, no emissions, superior bonding, superior durability in outdoor spaces, and enhanced gloss. Furniture manufacturers are adopting UV-cured inks to save production time and increase volumes. The higher density achieved with UV-cured inks results in improved physical properties. Consequently, the trend towards UV-cured inks is expected to continue, driving the expansion of the global digital textile printing market. 

The Digital Textile Printing Market is experiencing significant growth due to trends like high-quality prints, antimicrobial and UV protective properties, conductive functionalities, and smart textiles. Businesses prioritize textile safety, waste disposal, and chemical usage, driving innovation in technology. Young consumers seek personalized and customized products, fueling trends in customization, social media, and influencer marketing. Environmental concerns are a priority, leading to advancements in 3D printing technology and unique textile designs with intricate structures. Key players focus on print speeds, resolution, prototyping, and short run production for design flexibility. Traditional printing methods face competition from digital technologies offering wider color gamuts, textures, and finishes. The market includes various applications such as home textiles, signage, interior decoration, apparel, and promotional materials. High-quality labels, e-commerce platforms, online retail, and supply chain management are essential components. Advancements include laser printing, labels, lightweight components, complex geometries, custom implants, and prosthetics. The printing machinery market continues to evolve, offering high-resolution images and advanced technologies for the apparel market and beyond. 

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Market Challenges

The digital shift in media consumption poses a notable challenge for the global digital textile printing market. Traditional print media, including newspapers and magazines, are losing ground as consumers increasingly turn to digital platforms for content. Factors driving this trend include the widespread use of digital devices like smartphones and tablets, as well as the rise of social media for marketing. To stay competitive, digital textile printing companies must focus on innovation and differentiation. This could involve investing in new technologies, such as 3D printing or eco-friendly processes. Additionally, exploring niche markets and customized services, such as small business printing or personalized clothing, can help companies stand out. Despite these challenges, the digital textile printing market will continue to grow, albeit at a slower pace than previously anticipated.The Digital Textile Printing Market faces several challenges in various sectors. For substrates, ensuring compatibility with different textiles like cotton, silk, and polyester is crucial. Eco-friendliness is a significant concern, with the demand for sustainable, water-based piezo inks growing. Quality-based products are essential for clothing, households, technical textiles, and display industries. Fashion industries, including sportswear, require moisture control and excellent wash fastness. Dye-sublimation is popular for customized printing services, but its production cost and raw material expenses are high. Heat transfer paper and dye sublimation printers are key components, with automation and heat press processes streamlining production. Ink formulations, including reactive, acid, direct disperse, sublimation, pigment, and water-based inks, impact color vibrancy and print quality. Fashion designers and textile manufacturers collaborate to create innovative designs, while fashion brands and the apparel industry seek smarter production workflows, reducing errors and enhancing efficiency. Display devices, wearable electronics, and electronic circuits are emerging applications for digital textile printing. The Internet of Things and industrial printing further expand market opportunities.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This digital textile printing market report extensively covers market segmentation by

Type 1.1 Disperse and sublimation inks1.2 Reactive ink1.3 Acid ink1.4 Pigment inkApplication 2.1 Clothing2.2 Soft signage2.3 Home textiles2.4 Textiles2.5 OthersGeography 3.1 Europe3.2 APAC3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Disperse and sublimation inks-  The digital textile printing market is growing steadily due to its advantages over traditional methods. It offers faster production times, lower costs, and greater design flexibility. Brands and manufacturers are increasingly adopting digital textile printing for its ability to produce small batches and custom designs efficiently. Additionally, advancements in technology have improved print quality and color accuracy, making it a preferred choice for many in the textile industry.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

Digital textile printing is a cutting-edge technology that utilizes inkjet-based methods to print designs and patterns directly onto fabrics. This process eliminates the need for screens and allows for greater design flexibility and customization. The market for digital textile printing is growing rapidly due to the increasing demand for printed textiles in various industries, including fashion, home textiles, and advertising. Fabrics used in digital textile printing can range from cotton and silk to synthetic materials. Inks used in this process include water-based, pigment, and dye sublimation inks, each with its unique advantages in terms of color vibrancy and print quality. The digital printing process involves various stages, including steaming and heat treatment, to ensure the ink bonds properly with the fabric. Advanced machinery and skilled manpower are essential to ensure smarter production workflows and error reduction. The Internet of Things (IoT) is also transforming digital textile printing by enabling real-time monitoring and control of production processes. Digital printing materials include not only textiles but also bedsheets, banners, sports apparel, flags, vehicle wrapping, and interior textiles. Overall, digital textile printing offers numerous benefits, including faster production times, lower waste, and greater design flexibility, making it a preferred choice for various industries.

Market Research Overview

Digital textile printing is a cutting-edge technology that revolutionizes the textile industry by enabling the production of high-quality, customized, and unique textile designs. Inkjet-based method is the most common technique used in digital textile printing, which involves jetting ink droplets onto fabric using a digital printer. The fabric, which can be cotton, silk, or polyester, among others, is treated with inks, such as reactive, acid, direct disperse, sublimation, pigment, or water-based, depending on the specific application. Fashion trends, automotive sector, infants, and old people are among the numerous industries that benefit from digital textile printing. The technology allows for the production of printed textiles with vibrant colors, excellent print quality, and moisture control, making it ideal for clothing, households, and technical textiles. Moreover, digital textile printing enables the creation of smart textiles with conductive functionalities, antimicrobial properties, and UV protective properties. The technology also offers eco-friendly solutions with the use of water-based inks and automation, reducing errors and smarter production workflows. The digital textile printing market is continuously evolving, with advancements in technology such as hot melt printing, 3D printing, and dye-sublimation. The industry also faces challenges such as production cost, raw material cost, and waste disposal, which are being addressed through innovation and sustainability efforts. Fashion designers, textile manufacturers, fashion brands, and the apparel industry are key players in the digital textile printing market, leveraging the technology to produce high-quality prints, customized products, and personalized designs. The market is also influenced by factors such as print speeds, resolution, and the increasing popularity of social media and influencer marketing. As the digital textile printing market continues to grow, it is essential to consider environmental issues, such as chemical usage and textile safety, and the potential for unique textile designs and intricate structures using 3D printing technology. The young population’s preference for customization trends and the Internet of Things’ integration into textiles are also driving the market’s growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeDisperse And Sublimation InksReactive InkAcid InkPigment InkApplicationClothingSoft SignageHome TextilesTextilesOthersGeographyEuropeAPACNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Orion Innovation Names Brian Bronson Chief Executive Officer

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Technology Industry Executive and Leader to Drive Next Phase of Company Growth

EDISON, N.J., Nov. 15, 2024 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the appointment of Brian Bronson as Chief Executive Officer, effective immediately. With over 25 years of leadership experience across global technology sectors, Bronson will lead Orion’s next phase of growth and transformation, focusing on expanding the company’s digital capabilities and market presence. Brian succeeds Raj Patil, who will transition to an advisory role with the company and One Equity Partners.

“Brian’s impressive track record of driving profitable growth and leading large-scale organizational transformation makes him the ideal leader for Orion’s next chapter,” said Carlo Padovano, Partner at One Equity Partners and Lead Director of Orion Innovation. “His deep expertise in product engineering, GenAI adoption, and digital transformation perfectly aligns with our vision for Orion’s future.

On behalf of the Orion Board, I’d like to thank Raj for his leadership and dedication in helping develop Orion into a market leader. Raj will transition to an advisory role with the company and One Equity Partners.”

“I’m honored to take on this role and excited about the tremendous opportunities ahead for Orion,” said Bronson. “The company has built an impressive foundation with a blue-chip roster of clients, a global delivery platform, and a talented team with deep domain and engineering expertise. I look forward to working closely with our employees, clients, and partners as we deliver transformative solutions to our clients, drive innovation, and scale our capabilities.”

Before joining Orion, Brian served as EVP of US Telecom, Media, and Entertainment at Capgemini. Additionally, he led the integration and execution of Capgemini’s global engineering services business across the Americas and Asia. This included driving growth in many industries leveraging innovative capabilities tied to 5G, connectivity, and software product engineering. Previously, as President & CEO of Radisys, a leading provider of open telecom solutions, he led the company’s strategic transformation from a hardware company to a provider of cutting-edge software and enabling technologies for the telecom, technology, and medical industries. This transformation culminated in the sale of Radisys to Reliance Industries in 2018, marking a successful exit for the company.

About Orion Innovation

Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale, and maturity, its team of approximately 6,400 associates helps Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in North America, EMEA, India and Latin America, Orion serves clients across Telecom, Media & Technology, Sports & Entertainment, Professional Services, Financial Services, and Healthcare industries. For more information, visit www.orioninc.com

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

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Morrison Securities launches one of Australia’s first plug-and-play global trading to 15 countries with ViewTrade

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SYDNEY, Nov. 15, 2024 /PRNewswire/ — Equities clearing business Morrison Securities (“Morrison”) is launching one of Australia’s first plug-and-play global trading to 15 countries with trading technology provider ViewTrade.

This will mean Morrison’s 38,000+ active clients trading $30 billion annually will only need to go through KYC once and then will be provided unprecedented rapid global trading access.

Morrison will now also offer enhanced global equity and options trading, fixed income, ETFs, seamlessly integrate domestic and global trading, and choice between fully disclosed or omnibus operating models.

ViewTrade has calculated that implementation of solutions like this across all of Australia’s global trading could generate efficiencies of nearly $240 million annually.

A business the size of Morisson launching this solution is a watershed moment for enhancing global opportunities for Australia’s wealth management sector, according to ViewTrade.

Nigel Singh, CEO of ViewTrade International Australia, said: “We are excited to work with Morrison Securities. Together, we are unlocking a world of investment opportunities for Australians. By accessing global markets, firms can offer their clients more diversified portfolios, reducing risk and protecting wealth. This benefits both domestic and international clients. We invite other firms to join us in this partnership and unlock the potential of global market access.”

William Slack, CEO of Morrison Securities, said: “We’ve designed a solution that integrates global market access into our domestic offering for a superior customer experience. With our combined expertise, we’re confident in delivering an efficient, scalable solution tailored to the specific needs of our clients.”

Laksh Gangwani, Chief Revenue Officer – APAC and Middle East at ViewTrade, added: “We are thrilled about the partnership with Morrison Securities as they launch one of Australia’s first plug-and-play global trading solutions to 15 countries. Morrison’s integrated approach to technology, compliance, and operations is enabling investors to complete KYC once, while accessing multiple markets and asset classes with ease. This will ensure Australian investors can build diversified international portfolios with ease.”

ViewTrade (www.viewtrade.com) is a global leader in investment and trading infrastructure solutions that power cross-border investing for financial services firms throughout the world. ViewTrade provides the technology, support, and brokerage services that business innovators need to launch or enhance retail investing experiences. For more than 20 years, ViewTrade has partnered with over 300 clients – from technology startups to large banks, brokers and advisors – to deliver innovative investment solutions and exceptional customer service.

Morrison Securities (https://www.morrisonsecurities.com/) Established in 1985, Morrison Securities is an Australian Broking firm specialising in trading, execution, and clearing services tailored to advisory firms and wholesale clients. They partner with firms to navigate operational challenges and help them realise their full potential. Their comprehensive suite of solutions covers seamless international market access, advanced equities and options trading, capital raising and DVP settlement services, integrated APIs, and stock lending. With a platform-agnostic approach and enterprise-level client service, they prioritise operational excellence and long-term partnerships.

 

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SOURCE ViewTrade

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Australia’s least-favourite chores just got easier with Roborock’s Black Friday & Cyber Monday deals

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SYDNEY, Nov. 15, 2024 /PRNewswire/ — Roborock, the global best-selling robot vacuum brand[i], is thrilled to announce its exclusive deals for Black Friday and Cyber Monday 2024.

Starting from 21 November to 4 December 2024, Roborock is offering significant discounts on a wide range of popular models, with savings of up to $700 – including popular models such as the S8 MaxV Ultra, Qrevo MaxV, Q8 Max+, Qrevo Master, Qrevo S, and Flexi Pro.

In a recent survey conducted across Australia, Roborock found that 27% of Australians would happily skip cleaning their floors forever, with many Aussies also admitting to neglecting high-maintenance tasks such as vacuuming, mopping, and appliance cleaning. With these cleaning challenges in mind, Roborock is offering unbeatable savings on popular models across Black Friday and Cyber Monday, with savings of up to $700.

The deals are available at Robrock Australia’s Official Online Store, Roborock’s Amazon storefront and all authorised retailers.

 Black Friday & Cyber Monday Deals

S8 MaxV Ultra – (SAVE $700) – MSRP $2,999 / Promo: $2,299The S8 MaxV Ultra is the company’s most powerful one-stop cleaning solution, combining the company’s most sophisticated deep cleaning technology with user-friendly features. The model introduces a unique robotic arm and an extra mop that efficiently cleans challenging areas with complete corner cleaning capabilities. Newly launched.Qrevo Master – (SAVE $700) – MSRP $2,699 / Promo: $1,999Newly launched and the most advanced model in the mid-range Qrevo series, the Qrevo Master is built for those who seek top-of-the-line cleaning technology at a mid-range price point. With high-powered suction, deep corner cleaning capabilities, and complete self-maintenance features, it’s designed to tackle the toughest cleaning challenges effortlessly.

Qrevo MaxV – (SAVE $700) – MSRP $2,199 / Promo: $1,499Offers users a complete hands-free floor cleaning experience at the mid-range price point, taking both vacuuming and mopping off your plate while combining powerful cleaning functions, self-maintenance capabilities, and intelligent features such – as pet recognition from flagship models – into one convenient cleaning package.

Qrevo S – (SAVE $400) – MSRP $1,499 / Promo: $1,099Newly launched, the Qrevo S is ideal for those looking for their first robot vacuum that excels at both vacuuming and mopping with self-maintenance features. It blends cleaning performance with a streamlined design for everyday cleaning.

Q8 Max+ – (SAVE $500) – MSRP $1,299 / Promo: $799The Q8 Max+ delivers high-performance cleaning with enhanced navigation and automatic dirt disposal. It’s equipped with powerful suction and a flagship roller brush system making it perfect for homes with mainly hard floors, ensuring a deep and thorough clean.

Flexi Pro – (SAVE $300) – MSRP $999 / Promo: $699 (Available starting 14th November)The Flexi Pro is a versatile handheld vacuum option designed for deep floor cleaning and tight spaces. Capable of handling both wet and dry messes, and the ability to clean itself after every clean-up, the Flexi Pro tackles all types of messes with ease.

According to Roborock’s recent survey, garages are the dirtiest spaces in Australian homes, with 46% of respondents admitting they need more attention. Other problem areas include bathrooms (41%), kitchens (38%), and even kids’ playrooms (32%). Given the demands of busy lives, it’s easy to see why some chores fall through the cracks.

With these exclusive Black Friday and Cyber Monday offers, Roborock makes it easier than ever for Aussies to maintain a clean and comfortable home – without the hassle. Whether it’s tackling neglected garages, high-traffic kitchens, or hard-to-reach corners in the bathroom, Roborock’s innovative products are ready to take on the task.

For more information on Roborock products, please visit https://au.roborock.com  

-ENDS-

Notes to Editors: 

The Roborock survey was conducted by TGM Research and involved 1,028 nationally representative respondents across Australia. The survey aimed to understand the cleaning habits, preferences, and challenges faced by Australians ahead of the launch of Roborock’s Qrevo Master, Qrevo S and H5. 

About Roborock     

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches liveswith its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries.  Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://au.roborock.com/.    

[i] [1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.

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SOURCE Roborock

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