Tactile Printing Market Size, Share, Global Trends, Major Key Players and Geographical Forecast Till 2028

The Tactile Printing Market was valued at US$ 1,353.27 million in 2021 and is projected to reach US$ 2,257.92 million by 2028; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.

The players operating in the tactile printing market are experiencing significant demand for their products. However, for commercial and industrial grade tactile printing machines, cost is considered as a restraining factor for market growth. An industrial-scale UV inkjet printer can add 40% to 300% in capital expenses, while operating costs are high-especially for UV-based ink systems. Tactile printers may cost thousands of dollars per unit, depending on the scale of production. Moreover, they require regular maintenance for optimum performance that also involves the recurring costs for the users. Thus, the cost factor significantly hinders the tactile printing market growth, especially for personal usage.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00027190?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. Altix
2. Konica Minolta, Inc.
3. Rink Printing Company
4. Sturdy Print & Design Ltd
5. American Thermoform
6. Canon Inc
7. Index Braille
8. Kanematsu USA
9. ViewPlus Technologies Inc
10. Roland DG Corporation

In this report, the market has been segmented on the basis of:

Application (Packaging & Labels, Tactile Graphics, and Secure Documentation)
End User (Braille Users, Industrial, and Government & Defense)

Access full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/tactile-printing-market

In terms of geography, the tactile market is segmented into North America, Europe, APAC, MEA, and SAM. Asia Pacific held the largest revenue share in 2020, followed by North America and Europe. Further, Asia Pacific is expected to witness the highest CAGR during the forecast period. The tactile printing market is segmented on the bases of application and end-user. Based on application, the market is segmented into packaging & labels, tactile graphics, and secure documentation. The packaging & labels segment led the overall market in 2020. Based on end-user, the tactile printing market is segmented into Braille users, industrial, and government & defense. The Braille users segment is expected to register the highest CAGR during 2021-2028.

The COVID-19 outbreak crisis is adversely affecting the most of the industries across the world. Due the disruptions in supply and demand across the value chain, companies operating in the global tactile printing market are witnessing decline in revenue and business growth. Therefore, the outbreak restrained the overall growth of the market in 2020 to some extent. However, owing to the expected rise in demand from commercial and industrial users globally, the market growth is expected to normalize from third quarter of 2021 and continue to grow at a steady rate from 2021 to 2028.

Order a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00027190?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.