Developments in Touch Printing Method to Provide Growth Opportunities for Braille Printing Machines Market During 2021-2028
NEW YORK, USA, February 11, 2022 /EINPresswire.com/ — According to our latest market research on “Braille printing machine market Forecast to 2028 – Impact of COVID-19 and Global Analysis – By Connectivity and Product Type”, market was valued at US$332.44 million in 2020 and is projected to reach US$515.90 million by 2028; it is expected to grow at a CAGR of 5.86% from 2021 to 2028.
Report Cover Details
Market size value in US$332.44 million in 2020
Market size value of US$515.90 million by 2028
CAGR growth rate of 5.86% from 2021 to 2028
Forecast period 2021-2028
Base year 2021
Number of pages 147
No. Tables 56
Number of graphs and figures 70
Historical data available Yes
Segments Covered Connectivity; type of product
Regional scope North America; Europe; Asia Pacific; Latin America; AEM
Countries Covered USA, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
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Tactile impression is the process of inserting a raised surface into a substrate to generate a texture that is detected by touch. The growing demand for customized touch solutions is driving the global touch printing industry. Touch printing technology is deployed to create personalized products such as braille wristbands, braille pins, music cards, switches, location labels, street names, business cards, stickers (touch stickers cards), greeting cards, calculators, braille calendars, recorders and jewellery. Watermark Graphics deploys CLIQX embossing technology to create tactile print products on all kinds of substrates, from paper and card stock to polyplastics. Advances in touchscreen technology are expanding the reach of braille printing applications in the pharmaceutical and medical packaging industries.
The braille printing market in North America and Europe is expected to show significant growth during the forecast period. North America dominated the braille printing machine market in 2020. The market growth in the region is mainly attributed to the increase in US government expenditure for the development of braille printing and the concentration of ‘a number of leading manufacturers. American Thermoform is a world leader in the production and distribution of braille products and supplies for the blind and visually impaired; the company offers the highest quality, affordable braille paper and braille labels and is the world’s largest producer of both products. Asia-Pacific is expected to become the most attractive market for braille printing during the period 2021-2028.
Impact of the COVID-19 Pandemic on the Braille Printing Machines Market
The COVID-19 pandemic is expected to create tremors in various economies until mid-2021. Companies around the world are facing serious difficulties as they have had to either suspend operations or drastically reduce their activities. In addition, business closures, travel bans and supply chain disruptions have caused an economic downturn in 2020, which will continue in 2021. Countries in North America, Europe and APAC have implemented drastic measures and travel restrictions to limit the spread of COVID among citizens. Several countries represent an important market for the adoption and growth of braille printing machines due to the high purchasing power of individual customers and the stimulation of the e-commerce industry.
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Blind Education Programs and Projects Fuel Braille Printing Machine Market Growth
Braille is used worldwide in different languages. In Canada, the National Federation of the Blind (NFB) provides resources and programs to help adults and children learn using the braille writing system; The scope of the program also includes making learning enjoyable. The NFB’s “The Braille Monitor” covers all of its activities and events focused on the concerns of people with visual impairments when reading. The Braille Monitor is available online and it is also possible to subscribe by e-mail, in fourteen-point ink characters and on a USB key offered by the ONF-NEWSLINE program and by podcast.
In addition, the European Union (EU) has funded the “Special KW Project” under the Horizon 2020 initiative to develop a desktop digital printer for Braille and involves cross-border collaboration with the EU. Recently, the government of Pakistan approved a project worth $5.50 million for the establishment of a modern Braille printing press in Peshawar. These projects and programs aim to empower visually impaired students, writers and poets to carry out their work, while improving literacy rates in countries. Therefore, the increasing investment in the planning and implementation of different programs and projects is driving the deployment of braille writing systems.
Braille Printing Machines Market: Competitive Landscape and Key Developments
American Thermoform, Baumer hhs GmbH, Blista-Brailletec, Electronic Brailler LLC., HARPO, HumanWare Group, INDEX BRAILLE, Kanematsu USA (TactPlus), Nippon Telesoft Co., Ltd are some of the major players in the global braille printing machine market . Leading companies are focusing on expanding and diversifying their market presence and acquiring new customer base, thereby exploiting existing business opportunities.
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