Braille Users Segment is Expected to be Fastest Growing During the Forecast Period for MEA Region
According to this research study titled “MEA Tactile Printing Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Application and End User,” the market is expected to reach US$ 99.19 million by 2028 from US$ 65.90 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The report provides trends prevailing in the MEA tactile printing market along with the drivers and restraints pertaining to the market growth. Upcoming of technologically and physically advanced tactile printers is the major factor driving the growth of the MEA tactile printing market. However, issues associated with high initial investments and maintenance costs hinders the growth of MEA tactile printing market.
The MEA tactile printing market is segmented into application, end-user, and country. Based on application, the MEA tactile printing market is segmented into packaging & labels, tactile graphics, & secure documentation. Packaging and labels segment held a substantial market share in 2020. Based on end-user, the MEA tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.
Major economies in the MEA that are facing challenges due to the COVID-19 outbreak include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait, among others. The region is anticipated to report a swift decline in the supply of raw materials and products, which are procured from various manufacturers in North America, Europe, and APAC; these regions have halted or scaled down their production activities, subsequently lowering the export of components and products to other regions. As per a 2021 report by Labels & Labeling, the pharmaceutical, healthcare, and hygiene products segment saw a multifold increase in demand in 2020. The demand for food and personal care labels remained unchanged, but the cosmetic sector saw a drop in demand. Thus, the region is witnessing a slight decline in the tactile printing market growth.
American Thermoform, Canon Inc, Index Braille, Kanematsu USA, Konica Minolta, Inc., Roland DG Corporation, and ViewPlus Technologies Inc are among the leading companies in the MEA tactile printing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Roland DG launched VersaUV LEC2-640 and LEC2-330 UV Printer/Cutters.
The report segments the MEA Tactile Printing Market as follows:
MEA Tactile Printing Market - By Application
MEA Tactile Printing Market - By End User
MEA Tactile Printing Market - By Country
The MEA tactile printing market is segmented into application, end-user, and country. Based on application, the MEA tactile printing market is segmented into packaging & labels, tactile graphics, & secure documentation. Packaging and labels segment held a substantial market share in 2020. Based on end-user, the MEA tactile printing market is segmented into braille users, industrial sector, and government & defense sector. Industrial segment held a substantial market share in 2020.
Major economies in the MEA that are facing challenges due to the COVID-19 outbreak include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait, among others. The region is anticipated to report a swift decline in the supply of raw materials and products, which are procured from various manufacturers in North America, Europe, and APAC; these regions have halted or scaled down their production activities, subsequently lowering the export of components and products to other regions. As per a 2021 report by Labels & Labeling, the pharmaceutical, healthcare, and hygiene products segment saw a multifold increase in demand in 2020. The demand for food and personal care labels remained unchanged, but the cosmetic sector saw a drop in demand. Thus, the region is witnessing a slight decline in the tactile printing market growth.
American Thermoform, Canon Inc, Index Braille, Kanematsu USA, Konica Minolta, Inc., Roland DG Corporation, and ViewPlus Technologies Inc are among the leading companies in the MEA tactile printing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Roland DG launched VersaUV LEC2-640 and LEC2-330 UV Printer/Cutters.
The report segments the MEA Tactile Printing Market as follows:
MEA Tactile Printing Market - By Application
- Packaging & Labels
- Tactile graphics
- Secure Documentation
MEA Tactile Printing Market - By End User
- Braille Users
- Industrial
- Government & Defense
MEA Tactile Printing Market - By Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Tactile Printing Market Landscape
5. MEA Tactile Printing Market - Key Market Dynamics
6. Tactile Printing Market - MEA Analysis
7. MEA Tactile Printing Market Analysis - By Application
8. MEA Tactile Printing Market Analysis- By End-User
9. MEA Tactile Printing Market - Country Analysis
10. MEA Tactile Printing Market- COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- American Thermoform
- Canon Inc
- Index Braille
- Kanematsu USA
- Konica Minolta, Inc.
- Roland DG Corporation
- ViewPlus Technologies Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 65.9 Million |
| Forecasted Market Value ( USD | $ 99.19 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Africa, Middle East |
