Pad Printing Machine Market: Segmentation and Company Analysis
Pad Printing Machine Market: Key Players
- Kent Pad Printer Canada Inc.
- Hanky & Partners (Taiwan) Ltd.
- Luen Cheong Printing Equipment Ltd.
- Howell Print Technology Limited
- Finecause Enterprise Company Limited
- Printa Systems, LLC
- Navitas Co., Ltd.
- Diversified Printing Techniques, Inc.
Pad Printing Machine Market: Dynamics
Changing lifestyles of the consumers’ result in the need for convenient and small equipment which can fulfill all the demand with less spending, this boosts the pad printing machine market. The potential of the pad printing machine to print on any object which can also include hollow objects and mechanically sensitive objects drives the market for pad printing machine. Need for high resistance of printing inks and the capacity to offer high-resolution printing help in rising pad printing machine market.
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Innovations in pad printing technology include precision robotic printing capabilities and laser-guided accuracy measurement. Pad printing machine also provides a variety of ink depending on the type of surface. There are many advantages of using a pad printing machine, but some restraints can hinder the overall growth of this market. Changing climate and pressure can affect the quality of prints, which low the profit sales. Companies are focusing on creating improved products which can overcome this restraint.
Pad Printing Machine Market: Key Developments
Many key players in the market are focusing on product launch and acquisition to produce new sustainable products for consumer’s convenience and to increase their product portfolio. This is helping to raise the market for pad printing machine. Companies are now able to produce printers which can provide the best quality of printing with fast processing.
- On 15 August 2019, Inkcups announced the expansion of its current pad printer portfolio with the release of three pad printers which includes- ICN-200, 2200-DLI and ICN-120
- On 7 May 2019, Inkcups released a 6-color rotary digital printer which can deliver photorealistic skin-tone matching with the addition of two new color pocket called Helix® Hi-Fi.
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Pad Printing Machine Market: Segmentation
On the basis of type, the pad printing machine market has been segmented into:
- Oil Cup Type
- Oil Pan Type
On the basis of end use, the pad printing machine market has been segmented into:
- Consumer Goods sector
- Electronic Industry
- Automotive industry
- Medical industry
Pad Printing Machine Market: Regional Outlook
The country like the U.S. in the North America region; China, India, and Japan in the Asia Pacific region and Germany, France and Italy in the European region and the have the largest number of printing industries; and therefore, the market for pad printing machine is expected to rise. The pad printing machine market in developed countries such as the U.S., Italy, and the UK is expected to have positive growth during the forecast period. It attributed to the high demand for pad printing machine incorporate in the furnishing of buildings. The increasing demand for a high quality of printing resolution, which is also cheap and fast drives the pad printing machine market in developing countries such as India, China, etc.
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