According to Future Market Insights (FMI), the global pad printing machine market size is estimated to be US$ 1,136.7 million in 2023. The global sales of pad printing machines are expected to record a CAGR of 5.3% between 2023 and 2033, reaching US$ 1,897.8 million by the end of the assessment period.
Pad printing machines are increasingly used for marking and printing various products within the healthcare industry. The rising demand for printing machines that can lay down the simple single-color image or multicolored complex graphics efficiently may result in high pad printing machine sales.
Pad printing is used to print delicate and complex designs on various consumer goods packaging. It is used to print labels on textiles and apparel, also to print turn signal indicators, panel controls, and handlebars for the automotive industry, and print over several other goods in industrial and electronic industries. However, the prime end-user for pad printing is the pharmaceutical and medical devices sector which uses the technique to print syringes, pills, surgical instruments, catheter tubes, and contact lenses, among many others.
The pad printing machines market is expected to register high growth as the focus on technological innovations surges. Pad printing machine demand has increased consistently to effectively print on complex shapes and a wide range of substrates. To optimize the process further, manufacturers are looking for cost-effective and more efficient systems for printing. Various industries are showcasing a higher preference for pad printing instead of digital printing. This is fueling the demand for pad printing machines.
Due to the outbreak of the pandemic from 2020 to 2021, most of the markets registered sluggish demand and production, which dampened growth in the global market. Pharmaceutical and medical devices however have helped the pad printing machine market to stay afloat despite the challenges. Driven by various advantages of pad printing and economical printing, the pad printing machine market is expected to register high growth during the forecast period. According to FMI analysis, the market reached a value of US$ 1098.83 million in 2022.
Country-wise Insights
The Growing Equipment and Machinery Continue Driving the United States Pad Printing Machines Market
Numerous companies manufacture equipment and machinery in the United States Most of these manufacturers are small and medium enterprises (SMEs). However, the United States also boasts the presence of many large conglomerates and multinational American companies that do business on a global scale. Most of the pad printing machine manufacturers are based in the United States.
Machinery is manufactured in almost every state in the country but production is mostly concentrated in the industrial areas of the Midwest, California, and Texas. According to the United States government, more than 1.1 million American citizens are employed in the equipment and machinery manufacturing sector, driving the growth of the machinery and equipment sector in the United States. The expanding equipment and machinery sector in the United States presents a conducive environment for the pad printing machines market growth in the country.
Why is Germany Pad Printing Machine Market Considered Attractive?
Germany is a key manufacturer of machines and equipment in Europe. Pad printing is continuously finding applications in the industrial sector, which is driving the growth of the Germany pad printing market. The increasing efficiency of materials and seamless designs are a few perks offered by pad printing, and they act as a boon for the manufacturing sector in Germany.
Siemens, in Berlin, made a breakthrough in 2017 by successfully testing gas turbine blades that were 100% produced by additive manufacturing. The company aims to build a prototype for the same that is almost 90% faster than the typical turbine blades using 3D printing and additive manufacturing. It is expected to have a positive impact on the growth of pad printing in the country.
