CAGR: 5.2%Current Market Size: USD 335.4 MillionFastest Growing Region: Europe
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global braille printing machine market is expected to grow from USD 335.4 million in 2022 to USD 503.1 million by 2030, at a CAGR of 5.2% during the Projection period 2023-2030. Because of advancements in machine connectivity technologies, the global braille printing machine market is rising steadily.
A braille printing machine produces tactile dots on heavy paper to make written documents intelligible or accessible to those who are blind. The braille characters printed on paper by the braille printing machine are similar to ink printers in that they promote tactile reading for blind individuals. It is utilized by a large number of end users in companies and at home. Braille printer technological advances, such as immediate content printing via better connectivity, most likely wireless connectivity, are fueling market expansion. It is utilized by a large number of end users in companies and at home. Braille printer technological advances, such as immediate content printing via better connectivity, most likely wireless connectivity, are fueling market expansion.
Sample Request: - Global Braille Printing Machine Market
Market Dynamics:
Drivers:
In many different languages around the world, Braille is utilized. The National Federation of the Blind (NFB) in Canada offers programs and resources to help adults and children learn braille; the program's scope also includes making learning fun. All of the NFB's activities and events are covered in "The Braille Monitor," which focuses on the difficulties that persons who are visually impaired experience when reading. The Braille Monitor can be accessed online, and subscribers may also choose to get it through email, fourteen-point ink print, a USB flash drive provided by the NFB-NEWSLINE program, or via podcast.
Restraints:
Braille printers usually utilize heavier paper and require more pages to print the same amount of information than normal printers do. They are additionally louder and slower. The braille on a page is embossed on both sides using Interpoint printers.
Opportunities:
Additionally, the European Union (EU) supported the "KW Special Project" through the Horizon 2020 program, which involved cross-border cooperation with the EU, to develop a desktop digital printer for Braille. As a result, increasing funding for the development and execution of various plans and initiatives is promoting the use of braille writing systems.
Challenges:
The quantity of braille produced by a braille printer directly affects its pricing. Braille printers range in price from $1,800 to $5,000 for small-volume printing to $10,000 to $80,000 for large-volume printing.
Segmentation Analysis:
The global braille printing machine market has been segmented based on connectivity, distribution channel, and region.
By Connectivity
The connectivity segment is wireless and wired. The wireless segment led the largest share of the braille printing machine market with a market share of around 58.32% in 2022. The expansion of the wireless braille printer market is being aided by the constant technological advancements occurring in a variety of industries. An integrated Braille keyboard is part of the IoT and Bluetooth technologies used for real-time networking. Braille printers that are wireless are affordable and have good coverage. For instance, the Focus 40 Blue printer from Freedom Scientific has a keypad for proofreading and is equipped with adaptive, assistive technology. This printer is being offered to let users create accurate-spelled books in braille and teach those with hearing and vision impairments how to use computers. The Index BrailleBox V5, Index Everest V5, and Index Basic-D V5 are just a few of the wireless braille printers that Index Braille offers.
By Product Type
The product type segment is embossers + monochrome ink, embossers + color ink, and embossers. The embossers segment led the largest share of the braille printing machine market with a market share of around 40.3% in 2022. Small, portable presses called embossers are frequently made of metal. You insert your paper between two flat plates. The debossed pattern on the plates will leave a raised impression on your stationery. Of course, embossing is not limited to paper; it is also possible with leather, metal, and textiles. On certain materials, however, a paper embosser cannot be used. Pattern-making artists frequently use various tool sets in addition to these materials.
Global Braille Printing Machine Market - Sales Analysis.
The sale of the braille printing machine market expanded at a CAGR of 4% from 2016 to 2022.
To make a written text intelligible or accessible to blind people, tactile dots are produced on heavy paper by a braille printing machine. Blind people's ability to read tactilely is improved by the braille characters produced by the braille printing machine onto paper. Many end users utilize it in their homes and at work. The industry is expanding due to technological developments in braille printers such as instant content printing via improved, most likely wireless connectivity.
These initiatives and programs aim to increase global literacy rates while giving visually impaired students, authors, and poets the tools they need to complete their work successfully. As a result, increasing funding for the development and execution of various plans and initiatives is encouraging the use of braille writing systems, which in turn is raising demand for braille printers. Iran has reported the most COVID-19 incidents among the Middle East and Africa (MEA) nations. Turkey, Saudi Arabia, the United Arab Emirates, Egypt, Morocco, and Kuwait are among the significant nations in this region that are dealing with the pandemic's economic effects. Due to the large and diverse client base in the retail and e-commerce sectors, the UAE represents a potential market for manufacturers of braille printing equipment.
Thus, owing to the aforementioned factors, the global braille printing machine market is expected to grow at a CAGR of 5.2% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the braille printing machine market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the braille printing machine market and held a 39% share of the market revenue in 2022.
Global Braille Printing Machine Market - Country Analysis:
Germany's braille printing machine market size was valued at USD 30.18 million in 2022 and is expected to reach USD 46.31 million by 2030, at a CAGR of 5.5% from 2023 to 2030. Many end users utilize it in their homes and at work. The industry is expanding due to technological developments in braille printers such as instant content printing via improved connectivity, most likely wireless connectivity.
China’s braille printing machine market size was valued at USD 20.9 million in 2022 and is expected to reach USD 31.8 million by 2030, at a CAGR of 5.4% from 2023 to 2030. The market size for braille printers in the region has been calculated using both primary and secondary data.
India's braille printing machine market size was valued at USD 16.09 million in 2022 and is expected to reach USD 24.32 million by 2030, at a CAGR of 5.3% from 2023 to 2030. The prevalence of rising government initiatives for the betterment of the market.
Key Industry Players Analysis:
To increase their market position in the global braille printing machine market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
5.2% |
Market Size |
335.4 million in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Connectivity, By Product Type, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
American Thermoform, Baumer HHS GmbH, Humanware Group, Index Braille, Nippon Telesoft Co. Ltd., Harp Sp. Zo.o., ViewPlus, Kanematsu USA, Electronic Brailler LLC, and Blista Brailletec. |
By Connectivity |
|
By Product Type |
|
Regional scope |
|
Scope of the Report
Global Braille Printing Machine Market By Connectivity:
Global Braille Printing Machine Market By Product Type:
Global Braille Printing Machine Market By Region:
Global braille printing machine market is expected to reach USD 503.1 million by 2030.
The braille printing machine market is projected to have a CAGR of 5.2%.
Leading market players active in the global braille printing machine market are American Thermoform, Baumer HHS GmbH, Humanware Group, Index Braille, Nippon Telesoft Co. Ltd., Harp Sp. Zo.o., ViewPlus, Kanematsu USA, Electronic Brailler LLC, Blista Brailletec among others.
Braille printer technological advances, such as immediate content printing via better connectivity, most likely wireless connectivity, are fueling market expansion.
Based on the connectivity, the braille printing machine market is segmented into wireless and wired.
Political Factors- Protests by pressure groups, social/environmental groups, and labor unions should be closely examined because they have a substantial impact on how policies are created. Close collaboration with these organizations may boost the braille printing machine market for community engagement and long-term company goals. Furthermore, a well-developed governance system and a democratic political atmosphere benefit multinational firms such as the braille printing machine sector. Bureaucracy and corruption have a negative impact on the business climate. The braille printing machine market in countries with high levels of corruption and inadequate law enforcement makes the business environment more unpredictable as public trust in corporate institutions and the entire political and economic system deteriorates.
Economic Factors- Economic development has a direct impact on organisational performance. Growing economies offer several opportunities for growth in the braille printing machine sector. Similarly, understanding the stage of the industrial lifecycle is crucial. Entering mature sectors may be more difficult than entering enterprises in the growth stage due to market saturation. Furthermore, the amount of money invested in necessary infrastructure development by the host country's government has an impact on the financial performance of the braille printing machine market. A well-developed infrastructure facilitates business, which also increases the potential expansion of the gold sector in the individual country. The ability of the braille printing machine market to achieve its long-term growth objectives will be determined by the rate of GDP growth.
Social Factors- The braille printing machine market must perform study on this topic in order to connect its marketing and communication strategies with the roles traditionally assigned to men and women. Traditional, patriarchal civilizations with well-defined gender roles would employ different marketing and human resource strategies than nations with fewer gender stereotypes. Culture is an important component for international marketing managers. Every civilisation has its own set of rules and values that influence how individuals behave as consumers. braille printing machine markets should form local alliances and teams to better understand local viewpoints and social mores in order to build marketing campaigns that are culturally appropriate.
Technological Factors- To stay ahead of the competition, the braille printing machine business must closely examine current technological breakthroughs. The potential for 5G to improve business outcomes by improving user experience, speed, and access should be continuously examined. Such technology developments have the potential to profoundly transform an industry and rewrite the rules of success for market actors. Furthermore, the stage of development and maturity of the technology in the relevant industry must be considered. By focusing on new technical advances, the braille printing machine market can increase its market share by entering sectors where technology is still in its infancy.
Environmental Factors- Green/eco-friendly products are growing more popular. To acquire the trust of stakeholders, the braille printing machine industry can embrace the opportunity and execute green business methods. Product innovation priorities are shifting as a result of regulatory organizations' emphasis on assuring compliance with environmental regulations. Instead of their traditional value propositions, the braille printing machine sector must place a larger emphasis on advertising their products' environmental friendliness. If the braille printing machine market wastes its resources, it may suffer criticism from the media, environmental organizations, customers, and the general public. The braille printing machine market must examine the country's special environmental standards to discover which resources (such as water, energy, etc.) are uncommon or which species are endangered.
Legal Factors- Because several countries have stringent labor safety regulations, the braille printing machine industry must follow the laws controlling employee/labor health and safety. The braille printing machine industry has an ethical and moral obligation to provide a safe working environment for its employees. Similarly, anti-discrimination laws (such as equal employment opportunity laws) must be carefully considered when developing human resource practices, as discriminatory lawsuits against employers harm the organizational image and have an impact on the organization's ability to attract and retain talent.
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