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North America Tactile Printing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Packaging & Labels, Tactile Graphics, and Secure Documentation) and End User (Braille Users, Industrial, and Government & Defense)

Code: TIPRE00023000 | Pages: 96 | Industry: Electronics and Semiconductor | Date: Jun 2021
Covid

Market Introduction

North America holds a major share of the tactile printing industry. The market growth in this region is mainly attributed to rise in demand for the food &beverages industry products. High product demand indicates increased production of labels and packages using tactile printing. For instance, Flair Flexible Packaging, a North American company, has launched Real Touch, which includes its tactile packaging program, to provide enhanced brand advantage and high-impact shelf differentiation. Real Touch is developed for food product packaging, and it provides visual impact by adding a tactile dimension to brand packaging designs. North America is home to renowned organizations and companies engaged in developing products and solutions for visually impaired people. Also, rising need for tactile graphics for better accessibility to visually impaired is the major factor driving the North America tactile printing market.

North America is one of the key regions in terms of adoption and development of new technologies due to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any impact on the growth of industrial and commercial sectors directly affects the economic growth of the region. Presently, the US is the one of the world’s most affected country due to COVID-19 outbreak. The printing, labeling, and packaging industries in the country have been witnessing negative impact due to the shortage of raw materials and demand disruptions. Also, various industries procure large quantities of raw materials from India and China, and the manufacturing sectors in these countries have shut down or scaled down their operations as a part of efforts to contain the COVID-19 spread. On the other hand, the demand for packaging is increasing owing to demand for more take-out deliveries, online orders, groceries, sanitary products, facial masks, and FMCG. Companies in North America are also opening to improve supply chain and critical supply of several critical products and services. However, the imposition of lockdown by several state governments has resulted in a labor shortage in the food &beverages, pharmaceuticals, medical, and chemicals industries, among others. Hence, suspension of operations and travel bans has led to reduction in companies’ operations across the tactile printing value chain. All these factors impacted the tactile market growth in early 2021 in a negative manner and are anticipated to have some effect in coming few quarters also. However, with continuous efforts by companies and industries to improve supply chains and daily business operations, the market anticipated to grow at a steady pace over the forecast period from 2021 to 2028. 

Market Overview and Dynamics

The tactile printing market in North America is expected to grow from US$ 375.73 million in 2021 to US$ 623.54 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.   The National Braille Press (Boston), LightHouse of San Francisco, and University of Alabama (Huntsville) formed the Accessible Graphics Consortium (AGC), in 2021, to form a collaboration of a community of university researchers, teachers, and organizations engaged in offering common and standardized tactile graphics for visually impaired people. The aim of the consortium is to confer greater tactile graphic literacy through curriculum development, research, and improved production methods. It would analyze, collect advance, and disseminate best practices to the visually disabled community while focusing on recognized program for training tactile graphics in the stream of science, technology, engineering, arts, math (STEAM). The AGC would also form an Advisory Group to support these initiatives. The new consortium will work together to bring a unified approach for producing, teaching, and learning tactile graphics. Furthermore, developing countries lack the facilities and access to technology to assist the visually impaired community. Thus, increasing awareness about the advantages of tactile printing would boost the manufacturing of tactile printers to generate tactile graphics for various sectors. Such initiatives are likely to provide improved access through tactile graphics to the community of visually impaired people, thereby providing new opportunities for the growth of tactile printing market players.     

Key Market Segments

The North America tactile printing market is segmented into application, end-user, and country. Based on application, the North America tactile printing market is segmented into packaging & labels, tactile graphics, & secure documentation. Packaging and labels segment held a substantial market share in 2020. Based on end-user, the North America tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the tactile printing market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are. American Thermoform; Canon Inc; Index Braille; Kanematsu USA; Konica Minolta, Inc.; Rink Printing Company; Roland DG Corporation; and ViewPlus Technologies Inc.

Reasons to buy report

  • To understand the North America tactile printing market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America tactile printing market.
  • Efficiently plan M&A and partnership deals in North America tactile printing market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America tactile printing market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Tactile Printing Market Segmentation

North America Tactile Printing Market - By Application

  • Packaging & Labels
  • Tactile graphics
  • Secure Documentation

North America Tactile Printing Market - By End Use

  • Braille Users
  • Industrial
  • Government & Defense

North America Tactile Printing Market - By Country

  • US
  • Canada
  • Mexico

North America Tactile Printing Market - Company Profiles

  • American Thermoform
  • Canon Inc
  • Index Braille
  • Kanematsu USA
  • Konica Minolta, Inc.
  • Rink Printing Company
  • Roland DG Corporation
  • ViewPlus Technologies Inc
 

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Tactile Printing Market – By Application

1.3.2        North America Tactile Printing Market – By End-user

1.3.3        North America Tactile Printing Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Tactile Printing Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Tactile Printing Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rising Need for Tactile Graphics for Better Accessibility to Visually Impaired

5.1.2        Surging Demand for Innovative Packaging across Various Sectors

5.2         Key Market Restraints

5.2.1        High Initial Cost and Maintenance Issues

5.3         Key Market Opportunities

5.3.1        More Efforts to Boost Acceptance of Tactile Graphics

5.4         Future Trends

5.4.1        Demand Rise of Technologically Enhanced Tactile Printers

5.5         Impact Analysis of Drivers and Restraints

6.           Tactile Printing Market – North America Analysis

6.1         North America Tactile Printing Market Overview

6.2         North America Tactile Printing Market –Revenue and Forecast to 2028 (US$ Million)

7.           North America Tactile Printing Market Analysis – By Application

7.1         Overview

7.2         North America Tactile Printing Market, By Application (2020 and 2028)

7.3         Packaging and Labels

7.3.1        Overview

7.3.2        Packaging and Labels: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Tactile Graphics

7.4.1        Overview

7.4.2        Tactile Graphics: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Secure Documentation

7.5.1        Overview

7.5.2        Secure Documentation: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Tactile Printing Market Analysis– By End-User

8.1         Overview

8.2         North America Tactile Printing Market, by End-User (2020 and 2028)

8.3         Braille Users

8.3.1        Overview

8.3.2        Braille Users: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Industrial

8.4.1        Overview

8.4.2        Industrial: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Government and Defense

8.5.1        Overview

8.5.2        Government and Defense: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Tactile Printing Market – Country Analysis

9.1         Overview

9.1.1        North America: Tactile Printing Market- by Key Country

9.1.1.1          US: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Tactile Printing Market- By Application

9.1.1.1.2          US: Tactile Printing Market- By End-user

9.1.1.2          Canada: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Tactile Printing Market- By Application

9.1.1.2.2          Canada: Tactile Printing Market- By End-user

9.1.1.3          Mexico: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Tactile Printing Market- By Application

9.1.1.3.2          Mexico: Tactile Printing Market- By End-user

10.        North America Tactile Printing Market- COVID-19 Impact Analysis

10.1      North America

11.        Industry Landscape

11.1      Overview

11.2      New Development

11.3      Merger and Acquisition

12.        Company Profiles

12.1      Konica Minolta, Inc.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Rink Printing Company

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      American Thermoform

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Canon Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Index Braille

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Kanematsu USA

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      ViewPlus Technologies Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Roland DG Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             North America Tactile Printing Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             US: Tactile Printing Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Tactile Printing Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada: Tactile Printing Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Tactile Printing Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Mexico: Tactile Printing Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico: Tactile Printing Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 8.               List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Tactile Printing Market Segmentation

Figure 2.           North America Tactile Printing Market Segmentation – By Country

Figure 3.           North America Tactile Printing Market Overview

Figure 4.           Packaging and Labels Segment Held the Largest Market Share in 2020

Figure 5.           Industrial End-user Held the Largest Market Share in 2020

Figure 6.           US was the Largest Revenue Contributor in 2020

Figure 7.           North America – PEST Analysis

Figure 8.           North America Tactile Printing Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        North America Tactile Printing Market: Impact Analysis of Drivers and Restraints

Figure 11.        North America Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Tactile Printing Market Revenue Share, By Application (2020 and 2028)

Figure 13.        North America Packaging and Labels: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Tactile Graphics: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Secure Documentation: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Tactile Printing Market Revenue Share, by End-User (2020 and 2028)

Figure 17.        North America Braille Users: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Industrial: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Government and Defense: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America: Tactile Printing Market, by Key Country – Revenue 2020 (US$ Million)

Figure 21.        North America: Tactile Printing Market Revenue Share, by Key Country (2020 and 2028)

Figure 22.        US: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Canada: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Mexico: Tactile Printing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.           Impact of COVID-19 Pandemic in North American Country Markets
  1. American Thermoform
  2. Canon Inc
  3. Index Braille
  4. Kanematsu USA
  5. Konica Minolta, Inc.
  6. Rink Printing Company
  7. Roland DG Corporation
  8. ViewPlus Technologies Inc
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America tactile printing market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America tactile printing market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the tactile printing market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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