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, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The industrial screen printing market involves printing designs, patterns, or images on various substrates using stencils made on polyester or metal frames. Screen printing is commonly used for textile printing, decorating ceramics and glass, circuit boards, wall murals, and signage. It offers benefits such as high production rates, ability to print on irregular and complex surfaces, durability of prints, and capacity to print with thick inks. The growing demand for screen printing in the textile industry for uniform printing on fabrics is a major factor driving the growth of the market.
Market key trends:
The digitization of screen printing through digital printing technologies is a key trend gaining traction in the market. Digital screen printing utilizes digital files and inkjet printing heads instead of screen meshes and squeegees. It provides benefits such as reduced set-up times, precise multi-color prints, versatile design changes, and eco-friendly water-based inks. The growing popularity of digital textile printing is augmenting the shift from analog to digital screen printing methods. Another trend includes introduction of UV-curable inks for screen printing. UV inks enable instant curing and do not require heat setting, thereby increasing productivity and reducing production time. They are increasingly used for applications such as ceramic tiles and flooring.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the industrial screen printing market is moderate as this industry requires high capital expenditures for equipment and infrastructure setup. However, new technological developments and customized solutions continue to disrupt the market.
Bargaining power of buyers: The bargaining power of buyers in the industrial screen printing market is high due to the presence of numerous established players and availability of substitutes. Buyers can negotiate on price and demand better quality and service.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are numerous raw material suppliers for industrial screen printing. However, suppliers of novel materials and technologies can negotiate on pricing.
Threat of new substitutes: The threat of new substitutes in the industrial screen printing market is moderate. While other printing technologies continue to emerge, screen printing continues to be favored for large volumes, detail work and multiple surface applications.
rivalry: Intense competition exists between industrial screen printing equipment manufacturers due to technological innovations.
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 for screen printed products from end-use industries such as textiles, electronics, automotive and others.
Regional analysis:
The North American region currently dominates the global industrial screen printing market due to strong presence of end-use industries. Asia Pacific region is expected to witness fastest growth in the market during the forecast period due to increasing FDI in China, India and other emerging countries for manufacturing sector.
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. M&R Printing Equipment has one of the largest market share in the global industrial screen printing equipment market.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
