Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16 Billion | USD 29 Billion | 10.45% | 2023 |
The global dye sublimation printing market size was evaluated at $16 billion in 2023 and is slated to hit $29 billion by the end of 2032 with a CAGR of nearly 10.45% between 2024 and 2032.
Dye sublimation printing is an online printing procedure that can produce vibrant and long-lasting images on a slew of substrates. It involves printing, heat transfer, dye sublimation, and dye solidification. Key features of dye sublimation printing include durability, high-quality pictures, and versatility. It is used in various end-use sectors such as displays & signs, textiles, and hard goods.
Massive product penetration in the customized products sector to expedite the global market trends
Humungous demand for dye sublimation printing in personalized products and the use of digital printing in various end-use sectors, such as packaging, textiles, and ceramics, will drive the global dye sublimation printing market growth. Furthermore, constant innovations in dye sublimation technology have led to improvements in print quality and reduction in manufacturing costs, thereby bringing an upswing in the growth of the global market.
Apart from this, the flourishing e-commerce sector and sustainability trends will embellish the expansion of the market globally. Versatility of the applications of dye sublimation printing has enhanced its popularity across the globe.
Need for huge funds is anticipated to obstruct global industry growth in the years ahead
Huge initial investments and restricted substrate compatibility are predicted to hinder the expansion of the global dye sublimation printing industry. Furthermore, growing environmental concerns can put brakes on the sphere of growth of the global industry.
Focus on generating high-quality printing to produce new growth facets for the global market
Swift urbanization and industrialization in emerging economies are likely to open new growth avenues for the global dye sublimation printing market. Highlight on creating high-quality prints to improve the brand image of the firm is likely to augment the global market space. Firms are focusing on developing eco-friendly inks that reduce waste and environmental impact, thereby creating new facets of growth for the global market.
A surge in the equipment prices to challenge the expansion of the global industry over 2024-2032
An increase in the cost of equipment and materials, along with a supply chain blockade, can prove to be a huge challenge in the growth path of the global dye sublimation printing industry. Additionally, growing environmental concerns and tough competition from various other printing systems can obstruct the growth of the global industry.
Report Attributes | Report Details |
---|---|
Report Name | Dye Sublimation Printing Market |
Market Size in 2023 | USD 16 Billion |
Market Forecast in 2032 | USD 29 Billion |
Growth Rate | CAGR of 10.45% |
Number of Pages | 223 |
Key Companies Covered | Mitsubishi Electric Corporation, Mutoh Europe NV, Roland DGA Corporation, ColorJet Group, Seiko Epson Corporation, Mimaki Engineering Co. Ltd., Mimaki Engineering Co. Ltd., Epson America Inc., Agfa-Gevaert Group, ColorJet Group, Sawgrass Technologies Inc., HP Development Company LP, Broadcom Inc., Fujifilm Holdings Corporation, Roland DGA Corporation, Panasonic Corporation, and others. |
Segments Covered | By Product Type, By Application, By Substrate, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global dye sublimation printing market is divided into product type, application, substrate, and region.
In terms of product type, the dye sublimation printing market across the globe is segmented into dye sublimation printers and dye sublimation inks segments. The dye sublimation printers segment is likely to be a key segment during the analysis timeline. The swift expansion of this segment can be ascribed to the demand for high-quality output, the need for high print resolutions, and rapid print speeds.
On the basis of application, the global dye sublimation printing industry is bifurcated into textiles, hard goods, fine art reproduction, and industrial printing segments. Furthermore, the textiles segment is predicted to lead the growth of the global industry in the coming few years. The key growth factors of the segment are escalating demand for customized fabrics and extensive use of dye sublimation printing in apparel, home textiles, sportswear, and soft signage.
Based on the substrate, the global dye sublimation printing market is sectored into ceramics, plastics, fabrics, and metals segments. Moreover, the fabrics segment is likely to record the fastest growth rate over 2024-2032 subject to changing fashion trends, the use of personalized apparel, and the use of fabrics in various sportswear and textiles.
Asia-Pacific is projected to maintain a leading position in the global market over the forecast timeline
Asia-Pacific, which accounted for approximately 60% of the global dye sublimation printing market revenue in 2023, is projected to maintain number one status in the period from 2024 to 2032. Moreover, a humungous expansion of the market in APAC over the analysis timeline can be due to strong economic development, a flourishing textile sector, and a flourishing e-commerce sector.
Furthermore, an increase in fabric production in countries such as India and Bangladesh is projected to embellish the expansion of the market in Asia-Pacific. Demand for textile printing and the presence of key players in the region will propel the expansion of the market in the region.
The North American dye sublimation printing industry is set to record the highest CAGR in the forecast period. The industry expansion in North America can be attributed to the high focus of innovation & technology on research activities in the printing sector.
Furthermore, the strong demand for customized products, along with the need for improving dye sublimation printing capabilities, will embellish the growth of the industry in the region. The utilization of dye sublimation printing in home décor products and personalized fabrics will drive the industry trends in the region.
The global dye sublimation printing market profiles key players such as:
The global dye sublimation printing market is segmented as follows:
By Product Type
By Application
By Substrate
By Region
FrequentlyAsked Questions
Dye sublimation printing is an online printing procedure that can produce vibrant and long-lasting images on a slew of substrates.
The global dye sublimation printing market growth over the forecast period can be owing to constant innovations in dye sublimation technology that have led to improvement in print quality and reduction in manufacturing costs.
According to a study, the global dye sublimation printing industry size was $16 billion in 2023 and is projected to reach $29 billion by the end of 2032.
The global dye sublimation printing market is anticipated to record a CAGR of nearly 10.45% from 2024 to 2032.
The North American dye sublimation printing industry is set to register the fastest CAGR over the forecasting timeframe owing to high focus of innovation & technology on research activities in the printing sector. Furthermore, the strong demand for customized products, along with the need for improving dye sublimation printing capabilities, will embellish the growth of the industry in the region. The utilization of dye sublimation printing in home décor products and personalized fabrics will drive the industry trends in the region.
The global dye sublimation printing market is led by players such as Mitsubishi Electric Corporation, Mutoh Europe NV, Roland DGA Corporation, ColorJet Group, Seiko Epson Corporation, Mimaki Engineering Co. Ltd., Mimaki Engineering Co. Ltd., Epson America, Inc., Agfa-Gevaert Group, ColorJet Group, Sawgrass Technologies Inc., HP Development Company LP, Broadcom Inc., Fujifilm Holdings Corporation, Roland DGA Corporation, and Panasonic Corporation.
The global dye sublimation printing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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