The Industrial Screen Printing Market is estimated to be valued at US$ 7.87 billion in 2023 and is expected to exhibit a CAGR of 15.7% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Industrial screen printing is a printing technique where a mesh is used to transfer ink onto a substrate, except in areas made impermeable to the ink by a blocking stencil. It refers to creating designs on a wide variety of surfaces and materials. Industrial screen printing allows for mass production of printed parts in a highly economical manner. It is a very cost-effective way of decorating and labeling products such as textiles, cans, boards and more.
Market key trends:
Digitalization is boosting automation in the screen printing process. The increasing demand for customized and small batch printing is driving the demand for automated screen printing machines. Automation helps in enhancing productivity, reducing errors and improving quality and consistency of prints. Digital printing technologies are reducing reliance on manual screen preparation which requires repeated printing to get desired designs. Digital cutting plotters are used for stencil production which reduces manual errors. Integrating robotics for ink deposition, substrate handling and curing further automates the printing process. This trend is expected to continue in coming years to meet the needs of personalized and on-demand printing.
Porter’s Analysis
Threat of new entrants: Low capital requirements and availability of used equipment at lower costs pose a moderate threat of new entrants. However, established industry players with technology differentiation and brand loyalty create high barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of various suppliers. However, differentiated products and services limit switching ability.
Bargaining power of suppliers: Suppliers of raw materials like inks and screens have low bargaining power due to the availability of substitutes. Suppliers of specialized equipment have moderate power.
Threat of new substitutes: Substitutes like digital printing pose a moderate threat. However, screen printing maintains advantages for mass production and certain applications.
Competitive rivalry: High due to the significant number of players competing on factors like innovation, pricing and service quality.
SWOT Analysis
Strength: Automated processes improve productivity and quality. Wide applications in packaging, textiles and other industries drive steady demand.
Weakness: Requires significant initial investment and floor space. Manual processes are labor intensive. Environmental regulations increase compliance costs.
Opportunity: Growth of e-commerce is expanding applications in labels, shipping and retail. Advanced digital integration enhances customization.
Threats: Stricter regulations raise operating costs. Trade disputes impact export-driven players. Technology shifts to new printing methods affect long-term demand.
Key Takeaways
The global Industrial Screen Printing Market is expected to witness high growth, exhibiting CAGR of 15.7% over the forecast period, due to increasing demand from packaging, textiles and other end-use industries.
Regional analysis: North America dominates currently with a 35% share due to high domestic demand. Asia Pacific is projected to grow at the fastest pace, led by China, owing to low labor costs and government support for manufacturing.
Key players: Key players operating in the industrial screen printing market are M&R Printing Equipment, MHM Siebdruckmaschinen GmbH, Lawson Screen & Digital Products, Sakurai USA, SPS TechnoScreen GmbH, ATMA Champ Ent. Corp., Systematic Automation, DECO TECHnology Group, TOSH (Italy), Thieme GmbH & Co. KG.
Read More : https://www.newswirestats.com/future-outlook-of-3d-printing-in-industrial-screen-printing-industry/
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