Tactile Printing Market Research Report and Outlook by 2028

The tactile printing industry was valued at approximately US$ 1,353.27 million in 2021 and is anticipated to grow to around US$ 2,257.92 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.6% from 2021 through 2028.

Companies involved in the tactile printing sector are currently facing a surge in demand for their offerings. Nevertheless, the high costs associated with commercial and industrial-grade tactile printing machines pose a significant challenge to market expansion. For instance, an industrial UV inkjet printer can increase capital expenditures by 40% to 300%, and the operational costs, particularly for UV ink systems, are notably high. The price of tactile printers can reach thousands of dollars per unit, depending on production scale. Additionally, these machines necessitate regular maintenance to ensure optimal functionality, which incurs ongoing expenses for users. Consequently, the cost factor is a major impediment to the growth of the tactile printing market, particularly for personal applications.

Geographically, the tactile printing market is divided into several regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2020, the Asia Pacific region accounted for the largest share of revenue, followed by North America and Europe. Furthermore, the Asia Pacific region is projected to experience the highest CAGR during the forecast period. The market is categorized based on application and end-user. In terms of application, the segments include packaging & labels, tactile graphics, and secure documentation, with the packaging & labels segment leading the market in 2020. Regarding end-users, the market is divided into Braille users, industrial sectors, and government & defense, with the Braille users segment expected to achieve the highest CAGR from 2021 to 2028.

The COVID-19 pandemic has negatively impacted numerous industries worldwide. Disruptions in supply and demand throughout the value chain have led to a decline in revenue and business growth for companies in the global tactile printing market. As a result, the pandemic somewhat hindered the overall market growth in 2020. However, due to the anticipated increase in demand from commercial and industrial users globally, the market is expected to stabilize starting in the third quarter of 2021 and continue to grow steadily from 2021 to 2028.

The overall size of the tactile printing market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast for the tactile printing market across all segments. Additionally, it offers insights and forecasts based on various segments across five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary interviews were also conducted with industry participants to validate the data and gain deeper analytical insights. Participants included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the tactile printing sector.

Several prominent players in the global tactile printing market include Altix, Konica Minolta, Inc., Rink Printing Company, Sturdy Print & Design Ltd, American Thermoform, Canon Inc., Index Braille, Kanematsu USA, ViewPlus Technologies Inc., and Roland DG Corporation.