South America Braille Printing Machine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Connectivity (Wired and Wireless) and Product Type (Embossers, Embossers + Monochrome Ink, and Embossers + Color Ink)

Embossers + Color Ink Segment is the fastest growing in SAM Braille Printing Machine Market during 2020-2028

According to this research study titled “SAM Braille Printing Machine Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Connectivity, Product Type,” the market is expected to reach US$ 19.60 million by 2028 from US$ 14.14 million in 2021. The market is estimated to grow at a CAGR of 4.78% from 2021 to 2028. The report provides trends prevailing in the SAM braille printing machine market along with the drivers and restraints pertaining to the market growth. Development of Smart Assisted Technologies and Connected Devices are the major factor driving the growth of the SAM braille printing machine market. However, high Initial Investment Requirements hinder the growth of SAM braille printing machine market.

In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19's spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to affect the region's economic growth as the region directly will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of braille printers, and the e-commerce industry in the region due to lockdown, measures are expected to directly impact the growth of the braille printing machine market in this region. In addition to this, the online and retail distribution channels will also face a negative impact due to supply chain disruptions and the non-availability of raw materials. The sharp decline in business activities and product sales are expected to directly affect the braille printing machine market's growth rate in this region for the next three to four quarters.

The SAM braille printing machine market is segmented based on product type, connectivity, and country. Based on product type, market is segmented as embossers, embossers + monochrome ink, and embossers + color ink. Embossers segment led the braille printing machine market in 2020. Based on connectivity, market is segmented as wired and wireless. Wired segment led the braille printing machine market in 2020. However, wireless segment is anticipated to grow at the highest CAGR during the forecast period 2021-2028.

American Thermoform, Baumer HHS GmBH, Humanware Group, Index Braille,Harpo Sp. Z.O.O, ViewPlus, are among the leading companies in the SAM braille printing machine 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, in 2018, Enabling Technologies and HumanWare enters a new strategic partnership that will increase Enabling Technologies’ embosser distribution and expand HumanWare’s product portfolio offer into print braille

The report segments the SAM Braille Printing Machine Market as follows:

SAM Braille Printing Machine Market - By Connectivity

• Wired
• Wireless

SAM Braille Printing Machine Market - By Product Type

• Embossers
• Embossers + Monochrome Ink
• Embossers + Color Ink

SAM Braille Printing Machine Market - By Country

• Brazil
• Argentina
• Rest of SAM