Pad Printing Supplies Sales Market Size, Share, Growth, and Industry Analysis by Type (Inks, Pads, Plates, and Others) By Application (Consumer Goods, Electronics, Automotive, Medical, and Others) Regional Forecast From 2022 To 2028

Updated On: 20 November 2023

Pad Printing Supplies Sales Market  Report Overview

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The global pad printing supplies sales market size was worth US$ 216.5 million in 2021 and the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 7.4% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

An indirect photogravure technique called pad printing is used to apply a 2D picture to a 3D object. A flat plate has depressions engraved into it. A smooth silicone pad is used to pick up some ink from the plate and transfer it to the item. These depressions are filled with ink. This stamp, known as a pad, is what gave this printing technique its name. Pad printing is used to print on things that are challenging to print on in a variety of industries, including the automotive, medical, apparel, and electronics sectors as well as toys, sports equipment, and electronic appliances.

Many automobile parts and components, including as knobs, center console components, indicator parts, dashboard components, door handles, wheel rims, and automotive electronics plastics, are printed using the pad printing process. The automotive business is expanding quickly as a result of consumers' rising per capita incomes around the world. Throughout the automobile industry, both the economy and luxury car segments have shown consistent growth over the previous ten years. Also, the demand for electric and hybrid automobiles is increasing rapidly.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

Pad printing supplies sales are significantly impacted by a lockdown since it affects not only demand and pricing but also machine availability and import-export dynamics in the market. Sales have increased as a result of an increase in demand for the Pad printing supplies sales market following the COVID-19 epidemic. In light of this, the Pad printing supplies sales market is anticipated to increase by 4.5% annually in 2021, according to FMI.

LATEST TRENDS

"Expanding Automotive Sector to Boost Market Growth"

Pad printing machines are frequently used by those in the automotive sector to enhance the design and aesthetic appeal of minor parts. In order to differentiate the car from the competitors, this is typically done to improve the aesthetic aspect of the vehicle and introduce distinctive distinguishing elements. The Pad printing supplies sales market is expected to be driven in the near future by the steadily expanding automotive sector and expanding applications for pad printing solutions. The demand in the automobile sector is being driven by an increase in the use of pad printing equipment for printing of various vehicle components such as wheel rims, knobs, dashboard, indicator parts, and door handles. The Pad printing supplies sales market is anticipated to rise as a result of rising demand for automated printing equipment and the incorporation of the newest technology into pad printing mechanisms to boost productivity.

Pad Printing Supplies Sales Market Segmentation

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• By Type Analysis

As per the type, the market is classified as follows: Inks, Pads, Plates, and Others. Pads segment is leading the pad printing supplies sales market share.

• By Application Analysis

Based on application, the market is segmented as follows: Consumer Goods, Electronics, Automotive, Medical, and Others. Automotive segment is expected to dominate the pad printing supplies sales market share.

DRIVING FACTORS

"Automation and Industrialization to Facilitate Market Development"

The pad printing machine market is primarily driven by industrialization and disruptive intelligent automation. When using automatic machinery, repairs can be made right away if a mistake is found, such as an improper printing position. This helps to prevent the requirement for additional printing or replacement expenditures if the bulk amount is printed incorrectly. Every slowdown in global economic growth has a significant effect on the sales of pad printing machines since it affects not only pricing and demand but also machine availability and market import-export dynamics.

"Demand for Powerful Printing Equipment to Promote Industry Progress"

The demand for powerful printing equipment that offers excellent resolution at the lowest cost per print on any product surface is fueling the growth of pad printing supplies sales. Pad printing machines are becoming more in demand due to the need for equipment that takes up little space, requires little upkeep, and requires less labor. Although there are many other types of pad printing machines, the fully automatic type is the one that contributes the most to the pad printing supplies sales market as a whole. Pad printing machines are typically used in the medical and automotive industries, which also make up the majority of customers for the manufacturers of these machines.

RESTRAINING FACTORS

"High Installation and Maintenance Costs to Hinder Market Growth"

There are several restrictions that stop the Pad printing supplies sales market's rising trends. For instance, pressure and weather variations can affect print quality, thus businesses are increasingly focusing more on these issues to get past this restriction. The Pad printing supplies sales market is being hampered by their high installation and maintenance costs. Another barrier to the Pad printing supplies sales market's expansion is the inability to print images larger than 150 mm in diameter and to employ more than six colors.

Pad Printing Supplies Sales Market  Regional Insights

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"Increase in Demand to Propel Market Progress in Asia"

In terms of revenue, the Asia region held a commanding 40.0% share of the world Pad printing supplies sales market for in 2019. Due to rising demand for consumer products, medical supplies, and other items from growing nations like China and India, the area is anticipated to maintain its lead during the projection period. Also, it is projected that rising disposable income levels will support additional Pad printing supplies sales market growth.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• ITW (U.S.)
• INX International (Ruco) (Germany)
• Tampoprint (Germany)
• Printa Systems (U.S.)
• Engineered Printing Solutions (U.S.)
• Printcolor (Switzerland)
• Inkcups (U.S.)
• Printex (U.S.)
• Marabu (North America)
• Tokushu (Japan)
• JUJO (Japan)
• Kent (India)
• Padtec (Brazil)
• Comdec Incorporated (U.S.)
• Careprint (India)
• Teca-Print AG (Switzerland)
• Encres DUBUIT (France)
• Proell (Germany)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.