The global Industrial Screen Printing Market is estimated to be valued at US$ 7.87 billion in 2022 and is expected to exhibit a CAGR of 15.7% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Industrial screen printing involves applying ink through a stencil or a screen mesh to print images or designs onto substrates like textiles, ceramics, glass, metal and plastics. Screen printing equipment provide advantages like high-volume production, adhesion to various surfaces and designs within tight registration tolerances. The growing demand for screen printed products from various end-use industries is driving the need for screen printing equipment.
Market key trends:
One of the key trends gaining traction in the industrial screen printing market is the increasing demand for digital or automated screen printing equipment. Automated screen printing helps reduce turnaround times and labor costs compared to manual screen printing. It allows on-demand printing with precise registration and quality control. Features like built-in image processing, automatic ink deposition and curing enhances productivity. This is encouraging screen printers to replace older manual equipment with advanced digital printing systems.
The global industrial screen printing market is segmented by technology, substrate, and application. Based on technology, the market is segmented into analog screen printing and digital screen printing. Analog screen printing dominates the market and accounts for over 70% share as it is more cost effective for high volume production. Digital screen printing is the fastest growing segment and is expected to witness a CAGR of over 18% during the forecast period.
The global Industrial Screen Printing Market size is expected to reach US$ 7.87 billion in 2023, exhibiting a CAGR of 15.7% during the forecast period from 2023 to 2030. Growth can be attributed to increasing demand for customized printing from various end-use industries.
Regionally, North America dominates the market and accounts for over 35% share owing to well-established automotive and textile industries in the US and Canada. Asia Pacific is expected to witness the fastest growth during the forecast period with a CAGR of over 17% led by emerging economies like China and India with growing manufacturing sectors.
Key players operating in the industrial screen printing market are M&R Printing Equipment, MHM Siebdruckmaschinen GmbH, Lawson Screen & Digital Products, Sakurai USA, SPS TechnoScreen GmbH, ATMA Champ Ent. Corp., Systematic Automation, DECO TECHnology Group, TOSH (Italy), Thieme GmbH & Co. KG. Players are focussing on developing innovative digital screen printing technologies to cater to increasing demand for customized and short run printing applications.