USD 6.18 billion
Report ID:
SQMIG45D2115 |
Region:
Global |
Published Date: December, 2024
Pages:
187
|Tables:
0
|Figures:
0
Print On Demand Market size was valued at USD 9,395.60 Million in 2023 and is poised to grow from USD 11739.8 Million in 2024 to USD 55823.21 Million by 2032, growing at a CAGR of 24.95% during the forecast period (2025-2032).
With fast-changing fashion trends, improvements in printing technology and augmenting purchasing capabilities post pandemic, print on demand market size is forecast to register significant growth. POD services deliver several designs on clothes, shoes and other items based on the customer needs. E-commerce platforms, especially online places such as Shopify, Etsy and Amazon are growing rapidly and forcing other businesses and to follow this technology which enables them to manufacture products designed by themselves at home without inventory. Market revenue is also aided by the increasing e-commerce sales and high penetration of smartphones.
The growing innovations taking place in digital printing technologies including direct-to-garment (DTG) printing for apparel as well as premium quality printing will boost the overall product quality along with cost effectiveness of POD-enabled services. Moreover, the integration with design tools, third-party apps, and APIs is paving a path for paperless-order processing methods and enhancing workflow efficiency for sellers and platforms alike. Growing consciousness about environment causes clients to seek more sustainable and eco-friendly same day delivery items. This is influencing POD firms to utilize eco-friendly supplies, water-based inks and environmentally-conscious manufacturing processes.
Global Market Size
USD 6.18 billion
Largest Segment
Software
Fastest Growth
Service
Growth Rate
25.8% CAGR
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Global Print on Demand Market is segmented by platform, product, application, end user and region. Based on platform, the market is segmented into software (stand-alone, integrated) and service. Based on product, the market is segmented into apparel (t-shirts, hoodies, leggings), home decor (wall art, cushions, blankets), drinkware (mugs, bottles), accessories (bags, phone cases) and others (stationery, posters). Based on application, the market is segmented into commercial and personal. Based on end user, the market is segmented into individuals and businesses. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Platform
In 2023, the software segment held the largest print on demand market share and is projected to remain dominant during the forecast period. Software segment is seeing growth due to increasing technology investments by service providers in the print-on-demand market. Software solutions offered by service providers might include API and other design-making tools. The API provides a simple way for print on demand merchants to connect their online store with a print on demand platform. Availability of various third-party e-commerce platforms along with easy connectivity is one of the key factors boosting growth of segment. The demand of integrated solutions is also spurred by the benefits such as flexibility, improved computing power and cost-efficiency.
The service segment is expected to achieve the highest CAGR during the forecast period. This is due to many more service providers providing drop shipping and end-to-end fulfillment services. Service providers also provide marketing & branding services, custom packaging, package design, photography & graphic design. These services provide print-on-demand merchants and artists with convenience and options. This in turn really is allowing new players to enter the market all while also enabling smaller operations and helping the POD market grow and diversify as a whole.
Analysis by Product
In 2023, the apparel segment held the most significant revenue share and is expected to remain dominant throughout the print on demand market forecast period. This is owing to growing shift towards fashion wear, fast paced penetration of online retail in the space and demand for customized and unique products from younger generation. This is the reason why products related to decorated apparel including custom t-shirts, hoodies, and socks are universally appealing and act as a perfect blank canvas for expression both from individual consumers or businesses. This flexibility in terms of pace, production and shipping of clothes featuring custom designs is what makes this industry so appealing to the quicker consumer goods landscape.
The home decor segment is expected to be the fastest growing category during the forecast period. This is due to the increasing remote working culture worldwide after the pandemic this is because many people are homebound and they want to bring transformation to their home space. Moreover, growing availability of various product includes home & living category products like mats, cushions, posters etc. are provided an immense option to customers and fueling the sales. Moreover, home decor is also a viable gift option as people use it for personal purposes. Given the variety of products on offer, the POD market appeals to a wide range of customers, which means it can continue to grow and thrive with consumers changing behavior.
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North America dominated the print on demand market share with the largest revenue demand. This dominance can be attributed to a robust e-commerce ecosystem and high levels of digital literacy. Rising number of consumer preferences for personalized products and technological advancements in printing technology are the factors which is propelling the print on demand market growth for this region. With its well-organized logistics infrastructure, the region enables immediate and seamless product deliveries. In addition, it encourages a greater number of small businesses using POD platforms thus expanding the market. North America also benefits from its notable presence among a few key print on demand market players.
Asia Pacific is expected to hold the highest CAGR through the forecast period. This can be explained by rising smartphone usage, growing internet penetration, and large base of online shoppers are some of the major factors driving growth of the regional market. The regional demand is expected to benefit from the technological evolution and availability of many large textile factories, in the region. Southeast Asia has long been the host of a fast-growing e-commerce sector, with consumers turning to online shopping in record numbers. South Asia, comprising Bangladesh and India, has a large customer base with growing disposable incomes.
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Print on Demand Market Drivers
E-Commerce Boom to Drive Demand
Growing Demand for Personalized Products
Print on Demand Market Restraints
High Cost of Initial Setup
Lack of Trademarks and Copyrights
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The market is highly competitive with a mix of global and regional players who are constantly competing to expand their business footprints. Print on demand industry leaders are adopting strategies such as partnerships, collaborations, mergers & acquisition and agreements. In addition, service providers are investing significant amounts of money in research and development activities to enhance developed products and implement new technologies into their offering lines for gaining a competitive edge over other players in the market. Some of the key market players are Printful, Inc., Printify Inc., Zazzle Inc. and Vistaprint. Leading POD market players offer a wide selection of products, from apparel and accessories to home decor.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the print on demand industry is witnessing significant growth owing to the rising inclination towards fashion apparel and niche products as well as rise in disposable income. Moreover, the rising influence of the entertainment industry is driving the growth of print on demand market. This market is facing limited growth opportunities due to the lack of control owned by artists and creators along with transparency, additionally challenges in printing layer on many types of fabric. On the other hand, rising e-commerce requirements and an increase of internet penetration are expected to offer significant growth opportunities for the market throughout the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.18 billion |
Market size value in 2031 | USD 48.77 billion |
Growth Rate | 25.8% |
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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Customization scope | Free report customization with purchase. Customization includes:-
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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 Print On Demand 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 Print On Demand 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 Print On Demand Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Print On Demand Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45D2115
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