Print On Demand Market Size, Share, Growth Analysis, By Platform (Software and Service), By Product (Apparel, Home Decor, Drinkware, and Accessories), Technology (Digital Printing, Screen Printing) By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45D2110 |
Region:
Global |
Published Date: November, 2024
Pages:
187
|Tables:
0
|Figures:
0
Print On Demand Market Insights
Global Print On Demand Market size was valued at USD 7,519.49 Million in 2022 and is poised to grow from USD 9,395.60 Million in 2023 to USD 44,676.44 Million by 2031, growing at a CAGR of 24.95% in the forecast period (2024-2031).
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.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Print On Demand Market Segmental Analysis
The global print on demand market is segmented into platform, product, technology, and region. Based on platform, the market is segmented into software and service. Based on product, the market is segmented into apparel, home decor, drinkware, and accessories. Based on technology, the market is segmented into digital printing, offset printing, flexographic printing, screen printing. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & 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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Print On Demand Market Regional Insights
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.
- Largest
- Fastest
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Print On Demand Market Dynamics
Drivers
E-Commerce Boom to Drive Demand
- The Print on Demand (POD) market has been immensely driven by the fast-growing e-commerce sector. With the rise of online shopping, people are looking for one-of-a-kind and personalized items that PODs can provide. This allows businesses to sell personalized merchandise without the necessity of maintaining large inventories. POD platforms integrate smoothly with major e-commerce platforms.
Growing Demand for Personalized Products
- The appeal of fashion apparel and niche products are largely that they can be personalized, which suits well with the services offered by POD services to have them customized. In addition, social media and influencer marketing have increased the demand for unique products that are Instagram ready. Designers and influencers can create hype in their niche communities using POD services by creating limited release items.
Restraints
High Cost of Initial Setup
- The high initial cost of market setup presents a major constraint on the growth of Print on Demand. To set up a POD business, one needs to invest heavily in printing technology, software integration, and inventory management systems, which are barriers for startups and small businesses. These initial costs might act as a barrier of entry for new players to enter the market resulting in less competition and innovation.
Lack of Trademarks and Copyrights
- One of the key constraints on the market is that there are no transparency or control mechanisms in place for those creating pieces of art or content. The issue with this, though, is that the artists do not get a say on how good their final product looks and not everyone has access to the client list. Also the artists do not get paid until the end result is finished, which can make the clients unhappy. In such a scenario, they could explore the different options or alternatives at their disposal.
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Print On Demand Market Competitive Landscape
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
- Amplifier
- Apliiq
- CustomCat
- Gelato
- Gooten
- JetPrint Fulfillment
- Printed Mint
- Printify, Inc.
- Printsome
- Prodigi Group
- Redbubble Group
- T-Pop
- Teelaunch
- VistaPrint
- Zazzle Inc
Recent Developments
- In February 2024 Printful announced its expansion in Canada. The company opened a fulfillment center for localized production and faster delivery.
- In October 2023, TeeSpring launched it new line of sustainable apparels in Europe which will use the companies cutting edge eco-friendly printing solutions. The company plans to capture the growing demand for sustainable products in Europe.
- In May 2023, SATO Holding Corporations completed the acquisition of Stafford Press, a Washington based on-demand label and tab manufacturing company.
Print On Demand Key Market Trends
- Growing Trend for Sustainable Products: The trend for sustainability in print on demand is on the rise. Using sustainable materials and energy-efficient technologies can help businesses reduce their impact on the environment, win over environmentally conscious customers, and abide by regulations. It is good for the environment, reduces expenditures and creates an identity. It is this very plausibility that enables print on demand businesses to thrive in the sustainable market through audits, investments, certifications and transparency.
- Adoption of Technology in Designing and Retail: The AR technology is gradually penetrating the POD sector and this trend is expected to increase significantly during the forecast period. With the help of AR enabled retail services, online buyers can see what personalized products will look like before they buy them, enhancing the effect. This method boosts sales, as well as minimizes the chance of returns because expectations are in accordance with reality.
Print On Demand Market SkyQuest Analysis
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 7,519.49 Million |
| Market size value in 2031 | USD 44,676.44 Million |
| Growth Rate | 24.95% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Million |
| 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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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Print On Demand Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Print On Demand Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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