Tactile Printing Market
Tactile Printing Market to 2028 – Global Analysis – by Application (Packaging & Labels, Tactile Graphics, and Secure Documentation) and End User (Braille Users, Industrial, and Government & Defense)
Players in the tactile printing market have significant demand for their products. For both commercial and industrial grade tactile printers, however, market growth is impeded by high costs. A large-scale industrial UV inkjet printer will cost between 40% and 300% more in capital costs. However, operating costs can be high for UV-based inks systems. Based on the size of the production, tactile printers could cost thousands of dollar per unit. They require frequent maintenance to ensure optimal performance, which also means recurring costs for users. This is why the tactile printing market, especially for personal use, is severely constrained by the high cost factor.
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The five major market players in the global tactile printing industry are Kanematsu Corporation (Canon Inc.), Konica Minolta Group (Konica Minolta Group), Roland DG and American Thermoform Corp. Due to fragmented nature of global tactile printing market with presence of various regional and local players worldwide, this listing of five key players is derived by considering and giving weightage to following key parameters: overall revenue, segmental revenue, brand image & industry experience, current tactile printing portfolio and related products, innovative and advanced technology integration, customer base, geographical reach, research and development investments, patents, new product launches, partnerships, mergers & acquisitions and other market related activities.
Segmentation of the tactile printing market can be done based on end-user and application. Based on application, the tactile printing market can be segmented into packaging & labels, tactile graphics and secure documentation. Based on end-user, the tactile printing market is segmented into Braille users, industrial, and government & defense. The global tactile printing market is divided into five regions: North America, Europe and Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM), and Asia Pacific (APAC). APAC was the dominant region in the global tactile printer market, accounting for a share of 34.8% in 2020. APAC has seen a rise in demand for food that is free from contamination due to consumer awareness and changing lifestyles. The adoption of tactile printing technology is also being encouraged by the rapid pace of urbanization and industrialization.
The Tactile Printing Market List
Konica Minolta, Inc.
Rink Printing Company
Sturdy Print & Design Ltd
ViewPlus Technologies Inc
Roland DG Corporation
The COVID-19 epidemic crisis is affecting most industries around the globe. Companies operating in the global tactile printer market are seeing a decrease in revenue and increased business growth as a result of disruptions in supply/demand across the value-chain. In 2020, however, the overall market growth was somewhat hampered by the outbreak. Due to the anticipated rise in demand by industrial and commercial users globally, market growth should stabilize from the third quarter of 2021, and then continue at a steady pace from 2021-2028.
Both primary and secondary sources were used to calculate the overall market size for tactile printing. In order to begin the research process, extensive secondary research was done using both internal and outside sources to gain qualitative and quantitative information about the market. It also provides a comprehensive overview and forecast of the tactile printing market for all segments. It also provides the overview and forecast for market based on all the segmentation considered with respect to five major regions-North America, Europe, Asia Pacific, Middle East & Africa, and South America. Primary interviews were also conducted with industry professionals to validate data and gain deeper insights into the topic. Participants included industry experts like VPs, national sales managers, market intelligence managers and business development managers. Additionally, external consultants were used such as research analysts, valuation experts and key opinion leaders who specialize in tactile printing.
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This release was published by openPR.