NEWARK, Del, Feb. 08, 2023 (GLOBE NEWSWIRE) -- In the year 2016, the net valuation of the global pad printing machine market size was a mere US$ 881 million. Over the years between 2016 and 2022, it registered a CAGR of 3.6% and reached up to US$ 1,098.83 million by end of 2022. The pad printing machine market report estimates to generate a revenue of US$ 1,136.7 million in the year 2023.
The demand for pad printing machines is getting driven by the need for a powerful printing device that offers high resolution at the lowest cost per print on any product surface. The necessity for machinery that can fit in little space, is inexpensive to maintain, and also requires less time, which has also increased the sales of pad printing machines these days.
Though the pad printing machine comes in a variety of models, the fully automatic type is the key contributing segment for the overall market. Typically, the medical equipment and automotive sectors employ pad printing machines and are the dominant end-users for the pad printing machine suppliers.
Unfortunately, some limitations prevent the emerging trends in the pad printing machine market. For instance, the quality of prints can be impacted by pressure and weather changes for which businesses now are concentrating more to get around this limitation.
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Key Takeaways
- Based on regions, the United States is the dominant country and captures a share of 17.8% on average of the revenue generated globally.
- Over the forecast years, the market valuation of the multi-color pad printing machine segment is anticipated to grow at a higher rate of 5.7% than the single-color pad printing machine segment.
- The rotary pad printing segment is anticipated to generate an additional potential of US$ 314 million over the next decade for technological advancements and other associated benefits.
- During the projected period the pharmaceutical and medical device industries are anticipated to remain the leading contenders for pad printing machines.
Competitive Landscape
Inkcups Now Corp., Printex USA, Illinois Tool Works Inc., Engineered Printing Solutions, Printa Systems, LLC, DECO Technology Group, Inc., AutoTran Inc., Winon USA, Tampoprint AG, Miedl & Schnall GmbH, Tamponcolor TC Druckmaschinen GmbH, Mascoprint Developments Limited, Comec Italia Srl, Teca-Print USA, and ESC Europa-Siebdruckmaschinen-Centrum GmbH & Co. KG among others are some of the leading players in the global pad printing machine market.
In order to extend their brand recognition by improving consumers' convenience, several market participants are concentrating on new product launches and sustainable items. Leading pad printing machine companies now can create printers that can deliver eco-friendly quality with easy deployment. Laser-guided consistency printing and high-accuracy robotic printing capabilities are two recent enhancements by pad printing machine market players.
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Recent Developments
- In August 2019, Inkcups Company introduced three new pad printers to its most popular pad printing machine lineup, including the ICN-200, 2200-DLI, and ICN-120.
- In May 2019, Inkcups also released the Helix Hi-Fi, which is a 6-color rotary digital pad printer with two additional color pockets that are capable of lifelike skin-tone hue.
Pad Printing Machine Market by Category
By Product Type:
- Single-color
- Multi-color
By Printer Type:
- Rotary
- Flatbed
By Output:
- High
- Medium
- Low
By End User:
- Pharmaceutical & Medical Devices
- Textile or Apparel
- Automotive
- Consumer Goods
- Others (Electronics, etc.)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa (MEA)
- Oceania
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Table of Content
1. Executive Summary | Pad Printing Machine Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
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