by The global 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. Industrial screen printing is a process used to print high-quality graphics and textiles on various substrates such as glass, ceramics, plastics, metals, and textiles. The market for industrial screen printing is driven by the increasing demand for printed graphics and textiles in industries such as advertising, automotive, electronics, and packaging.
Market Key Trends:
Adoption of Technological Advancements in Industrial Screen Printing
The key trend in the industrial screen printing market is the adoption of technological advancements to improve the printing process. With the introduction of advanced screen printing machinery and equipment, manufacturers are able to achieve higher productivity, precision, and quality in the printing process. Technological advancements such as automated screen printing machines, digital screen printing technology, and UV curing systems have revolutionized the industrial screen printing industry.
These advancements have led to increased efficiency, faster turnaround time, and cost-effectiveness in the printing process. Additionally, the integration of digital technologies such as computer-aided design (CAD) software and digital imaging has further enhanced the capabilities of industrial screen printing. The adoption of these technological advancements is expected to drive the growth of the industrial screen printing market in the coming years.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the industrial screen printing market is relatively low. This is due to the high capital requirements and technical expertise needed to set up a screen printing operation. Additionally, established players in the market benefit from economies of scale, making it difficult for new entrants to compete.
Bargaining power of buyers: The bargaining power of buyers in the industrial screen printing market is moderate. While buyers have the ability to negotiate on price and quality, their options are limited due to the specialized nature of screen printing. Additionally, established players often have long-term relationships with buyers, giving them some power in negotiations.
Bargaining power of suppliers: The bargaining power of suppliers in the industrial screen printing market is relatively low. This is because there are multiple suppliers of screen printing equipment and materials, giving buyers a wide range of options. Additionally, the high volume of demand for these supplies gives buyers the ability to negotiate on price and terms.
Threat of new substitutes: The threat of new substitutes in the industrial screen printing market is low. Screen printing is a well-established and widely-used technique for printing on various materials, and there are limited alternative printing methods that can replicate its versatility and quality.
Competitive rivalry: The competitive rivalry in the industrial screen printing market is high. There are several key players in the market, each vying for market share and looking to differentiate themselves through innovative products and services. Price competition is also common in the market, as players try to attract and retain customers.
Key Takeaways
The Global Industrial Screen Printing Market Demand is expected to witness high growth, exhibiting a CAGR of 15.7% over the forecast period. This growth is primarily driven by the increasing demand for screen printing in various industries such as automotive, electronics, and textiles. Screen printing offers advantages such as durability, versatility, and cost-effectiveness, which make it a preferred choice for printing on different materials.
In terms of regional analysis, Asia Pacific is expected to be the fastest growing and dominating region in the industrial screen printing market. This can be attributed to the rapid industrialization and increasing manufacturing activities in countries like China and India. Additionally, the presence of a large number of automotive and electronics manufacturers in the region further contributes to the demand for screen printing.
Key players operating in the industrial screen printing market include 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), and Thieme GmbH & Co. KG. These players have a strong market presence and offer a wide range of screen printing equipment and solutions to meet the diverse needs of customers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
