Market Research Report
Dye Sublimated Apparel Market Size, Share & Trends Analysis Report By Product (T-shirts, Leggings), By Printing Technique (3D Vacuum, Small Format Heat Press), By Distribution Channel, And Segment Forecasts, 2020 - 2027
|Dye Sublimated Apparel Market Size, Share & Trends Analysis Report By Product (T-shirts, Leggings), By Printing Technique (3D Vacuum, Small Format Heat Press), By Distribution Channel, And Segment Forecasts, 2020 - 2027|
Published: November 27, 2020
Grand View Research, Inc.
Content info: 97 Pages
Delivery time: 2-10 business days
The global dye sublimated apparel market size is anticipated to reach USD 8.4 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.5% from 2020 to 2027. Increasing popularity of customized designer apparel with digital printing and photo works on clothes is one of the major factors driving the growth of the market. The entertainment industry is also contributing to the market growth. Dye sublimated apparel with a specific printed quotation and studded design are also gaining popularity.
Over the past few years, the e-commerce sector has grown by leaps and bounds owing to increasing Internet penetration in various economies, mainly in Asia Pacific countries. The emergence of non-banking players in the payment industry has further facilitated this growth. Retailers worldwide are venturing into online retail as numerous consumers in both emerging and developed countries prefer virtual marketplaces to purchase products.
Asia Pacific emerged as the largest regional market in 2019. China is one of the key markets in the region and is the largest producer and exporter of textiles and apparel in the world. Increasing awareness about the latest fashion trends and the growing popularity of these apparel continue to support product sales in the region. The market is largely fragmented, with both domestic and international players sharing the space. Merger & acquisition and new product development are the key strategies deployed by market players to gain a higher market share.