Pad printing machine market exceeds US$1.8 billion thanks to growing use of multi-color machines: IMF


The latest IMF survey reveals hidden opportunities for pad printing machine market expansion. It provides an unbiased demand outlook analysis showcasing historical demand data (2016-2020) and forecast statistics for the period (2021-2031). It also studies the market growth prospects across various segments based on product type, printer type, output, and end-use over the next ten years.

DUBAI, WATER, December 13, 2021 /PRNewswire/ — Recent IMF Study Sees Global Pad Printing Machinery Market To Peak US$1.1 billion in 2021. With the increase in applications of pad printing machines in industries such as textile, automotive, and consumer goods, the market is estimated in total US$1.8 billion end of 2031.

The growing demand for advanced printing machines capable of efficiently creating complex images, graphics and designs is creating immense growth prospects in the market. For this reason, sales of pad printing machines are expected to increase by 5.4% CAGR over the forecast period 2021-2031, compared to the CAGR of 3.6% recorded between 2015 and 2020.

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Pad printing machines find a wide range of applications in the pharmaceutical and medical device industry. The demand is expected to increase exceptionally due to their ability to print any type of surface, such as flat, irregular, spherical and cylindrical.

It is also increasingly used for a variety of devices including contact lenses, surgical instruments, syringes, catheters, pills and others.

Therefore, the growing demand for the aforementioned products following the COVID-19 outbreak has boosted sales. Against this backdrop, according to the IMF, the pad printing machine market is expected to grow by 4.5% year-on-year in 2021.

Based on product type, the multi-color segment is expected to account for the maximum market share, growing at a CAGR of 5.7% through 2031. The convenience of printing, the ability to print complex designs, and the printing clear images on substrates are the attributes promoting the growth of the segment.

“Major manufacturers are emphasizing the introduction of new machines equipped with cameras and sensors to improve print quality by detecting errors and verifying machine setup calibrations. This is expected to drive the market in the coming years,” IMF analyst says.

Main takeaways from pad printing machine Market research

  • North America the market is expected to represent 16% of total sales in 2021, due to the presence of a large number of leading manufacturers in the United States
  • Germany should become a very attractive market in Europe, showing growth at one 3.7% CAGR over the evaluation period.
  • China should represent an important part of the East Asia market, thanks to a growing application in the automotive sector of the country.
  • Based on printer type, the flatbed printer segment is expected to hold a dominant market share, accounting for 62% of the total revenue share in 2021.
  • In terms of production, the medium segment is expected to register the fastest growth, accounting for nearly 42.5% of demand through 2031.

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Key factors

  • The increasing use of pad printing machines for printing various vehicle components such as rims, buttons, dashboard, indicator parts and door handles is propelling the demand in the automotive industry.
  • Rising demand for automated printing machines and integration of latest technology in pad printing mechanisms to increase efficiency is expected to drive the market growth.

Key Constraints

  • High installation and maintenance costs of pad printing machines are hampering sales in the market.
  • The inability to print an image size of more than 150mm in diameter and to use more than 6 colors for printing poses a challenge for the growth of the market.

Competitive landscape

According to IMF, the major players in the global pad printing machine market are estimated to account for almost 25% to 35% of sales in 2021.

Key companies are aiming for strategic collaborations and partnerships with manufacturers of cups and printing inks to meet the growing demand from the printing industry as a whole. Some of the players aim to launch new products to gain a competitive edge in the market. For example,

  • In April 2021, Marabu Company, a leading printing ink manufacturer, announced the launch of the world’s first water-based pad printing ink, MaquaPad MAP. The company states that the ink is suitable for all natural and synthetic fabrics such as cotton, artificial leather stretch fabric, coated and polyester fabrics.
  • In August 2019, Inkcups, a leader in pad printing and industrial inkjet printing equipment, has announced the launch of three new pad printers to expand its current portfolio of pad printers – ICN-200, 2200-DLI and ICN-120. These product launches will help the company strengthen its footprint in the market.

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Some of the key players operating in the market profiled by FMI are:

  • Inkcups Now Corp.
  • Printex United States
  • Illinois Tool Works Inc.
  • Technical printing solutions
  • Printa Systems, LLC
  • DECO Technology Group, Inc.
  • AutoTran Inc.
  • winon United States
  • Tampoprint SA
  • Miedl & Schnall GmbH
  • Tamponcolor TC Druckmaschinen GmbH
  • Limited Mascot Developments
  • Comec Italy Srl
  • Teca-Print United States
  • ESC Europa-Siebdruckmaschinen-Centrum GmbH & Co. KG

More valuable information about pad printing machine Marlet

A recent study by FMI provides an in-depth analysis of the global pad printing machines market, providing credible insights into the key factors driving the market for the next decade. The report also disclosed growth projections in the Pad Printing Machines market with detailed segmentation:

By product type:

By printer type:

Per output:

By end use:

  • Pharmaceutical and medical devices
  • Textiles / Clothing
  • Automotive
  • Consumer goods
  • Others (Electronics, etc.)

By region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa (SOUL)
  • Oceania

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Key questions covered in the report

  • The report provides an overview of the demand outlook for the pad printing machine market over the forecast period 2021-2031.
  • The market study also highlights the forecasted sales growth for the pad printing machines market between 2021 and 2031.
  • The Pad Printing Machines Market investigation identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current and forecast market size and technological advancements within Of the industry
  • Pad Printing Machines Market Share Analysis, covering key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. IMF is headquartered in dubai, and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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SOURCE Future Market Outlook

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