USD 3.87 billion
Report ID:
SQMIG25K2090 |
Region:
Global |
Published Date: February, 2024
Pages:
271
|Tables:
88
|Figures:
76
Custom T-shirt Printing Market size was valued at USD 3.46 billion in 2022 and is poised to grow from USD 3.80 billion in 2023 to USD 7.97 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024-2031).
Increasing usage of custom designed t-shirts by various global companies to promote their brands, products, and offerings around the globe is the key major factor expected to drive the growth of the global custom t-shirt printing market during the forecast period. Moreover, a shift in consumer preferences towards stylish and customized t-shirts and clothing is also likely to fuel the growth of the global market at a significant pace over the forecast period.
Furthermore, rising use of various types of customized t-shirts to create social awareness and support a cause coupled with the increasing prevalence from various industries such as logistics, hospitality, construction, and medical to provide custom printed t-shirts to their workers and employees as a brand promotion and marketing technique is further anticipated to boost the global market overt the forecast period.
In addition, an extensive rise in the demand from several sports clubs and teams due to the rising government initiatives and providing a unique appearance and visibility of every team is contributing significantly to the rising demand and growth of the market over the coming years. For instance, in 2019, UK Sports, an UN-based government body for several major events announced the investment of USD 55.56 billion into the UK bids for hosting the 2025 Women’s Rugby World Cup coupled with the 2026 Tour de France Grand Depart.
US Custom T-shirt Printing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.87 billion
Largest Segment
Commercial
Fastest Growth
Personal
Growth Rate
11.1% CAGR
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Global custom t-shirt printing market is segmented on the basis of printing technique, sales channel, end-use, and region. By printing technique, the market is segmented into screen printing, digital printing, and plot printing. By sales channel, the market is categorized into offline and online. By end-use, the market is bifurcated into commercial and personal. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Custom T-shirt Printing Market Analysis by Printing Technique
By printing technique, the screen-printing segment dominated the market and accounted for a significant revenue share in 2021. Increased adoption of these types of t-shirts due to various types of benefits like high colour vibrancy, enhanced print quality, and dark-coloured apparel are the major factors driving the growth of the segment market. Moreover, ability to print on several other synthetic fabrics such as polyester, silk, and viscose is also propelling the growth of the segment.
Furthermore, the digital-printing segment is projected to grow at fastest growth rate over the forecast period owing to the rise in popularity of digital printing among various t-shirt printing service providers due to easy processing and printing the artwork on product’s surface. In addition, high technological advancements with the growing number of innovations and new techniques around the globe is likely to fuel the growth of the segment over the coming years.
Custom T-shirt Printing Market Analysis by End-Use
By end-use, the commercial segment held the largest market share in 2021 and is projected to maintain its dominance throughout the forecast period. Continuously rising adoption of custom printed t-shirts in various end-use sectors such as media, hospitality, and retail to cater the growing demand for company branding with the help of logos printed on these t-shirts is the key factor expected to drive the segment market growth.
Moreover, the personal segment is likely to have a significant CAGR throughout the forecast period due to the rising popularity of these t-shirts among individuals, especially for various types of slogan printed t-shirts around the globe. However, increasing number of TV shows such as Game of Thrones, Suits, and Friends and their high fan base are fueling the demand for character-based t-shirts globally.
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Globally, Asia Pacific dominated the custom t-shirt printing market with a holding of healthy market revenue share in 2021 and is set to retain its position over the forecast period. Growing consumer preferences for fashionable apparel and high proliferation of e-commerce sector are major factors expected to drive the growth of the market in the region. According to our findings, total number of t-shirts sales in India is estimated to reach around 1448.9 million pieces by 2026 with a growth rate of nearly 8.71%.
Furthermore, North America is witnessing fastest CAGR during the forecast period owing to high technological advancements and increased consumer disposable income in the region. Additionally, increasing investments and presence of prominent market players such as Nike Inc and Carhartt Inc., are likely to have positive impact on the growth and rising demand for custom t-shirts market in the region over the next coming years.
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Custom T-shirt Printing Market Drivers
Customization Option to Benefit Market Leaders
Custom T-shirt Printing Market Restraint
Presence to Toxic Chemicals to Hamper Market Growth
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The global custom t-shirt printing market is moderately competitive with the existence of many well-known international and local market players operating around the globe. Major players of the global market are implanting on several business developing strategies like acquisition, merger, collaboration, and new technology development for strengthening their market reach and product expansion to cater the rising consumer demand from all over the world.
Custom T-shirt Printing Market Top Player’s Company Profiles
Custom T-shirt Printing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global custom t-shirt printing market is witnessing a significant growth over the forecast period owing to the extensive rise in the innovations, rapid growth in population, and technology advancements. In addition, government initiatives to promote various sporting events is also fueling the adoption of customized t-shirts across various regions. However, placement of the artwork and blurry fonts and typography are some major challenges expected to restrain the global market growth in the near future.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.46 billion |
Market size value in 2031 | USD 7.97 billion |
Growth Rate | 9.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Custom T-shirt Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Custom T-shirt Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Custom T-shirt Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Report ID: SQMIG25K2090
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