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.
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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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