Core Viewpoint - The digital inkjet printing equipment industry is experiencing significant growth driven by advancements in technology and increasing market demand, with a shift from traditional printing methods to digital solutions [1][5][7]. Group 1: Industry Definition and Classification - Digital inkjet printing equipment utilizes digital technology to directly spray ink onto textiles or other materials, creating precise patterns without the need for traditional plate-making [2][5]. - The equipment can be categorized based on technology (thermal, piezoelectric, continuous), application (textile, UV, industrial), scale (desktop, industrial), and ink type (water-based, solvent-based, UV, latex) [2][5]. Group 2: Industry Development Status - The digital inkjet printing technology combines textile printing with digital inkjet printing, offering advantages such as fine patterns, rich colors, eco-friendliness, and suitability for small batch production [5][7]. - In China, the installed capacity of digital inkjet printing equipment increased from 5,300 units in 2015 to 11,800 units in 2021, followed by a decline to 5,420 units in 2022 due to economic downturns [7]. - The installed capacity is projected to recover to 7,600 units in 2024, with a significant portion being transfer digital printing equipment [1][7]. Group 3: Industry Value Chain - The industry value chain includes upstream suppliers of ink, print heads, and mechanical components; midstream manufacturers of digital printing equipment; and downstream applications in textiles, home decor, and advertising [9][11]. - The ink used in digital inkjet printing is crucial, with China's consumption expected to reach approximately 20 tons in 2024 [11]. Group 4: Competitive Landscape - The digital inkjet printing industry in China has over 20 years of development, with increasing numbers of suppliers and improved manufacturing capabilities [15][17]. - Major companies include Honghua Digital Technology, Hangzhou Yisheng, and others, with Honghua Digital being a leading player with a market share of approximately 21-22% in 2024 [15][17][20]. Group 5: Industry Development Trends - Digital inkjet printing is characterized by its pollution-free, small-batch, and personalized production capabilities [25]. - The integration of digital printing with internet technologies and ongoing improvements in key technologies are expected to enhance production efficiency and reduce costs [25].