Europe Braille Printing Machine Market
Germany, France, the UK, and Italy are among the prime contributors to the European braille printing machine market. Steady economic progress is a good indicator of opportunities for braille printing machine manufacturers in European countries. Further, the Horizon Europe initiative has provided a boost to research and innovation activities in Europe. Horizon Europe is a key research and innovation funding program of the European Union (EU) with the budget of US$ 115 billion (EUR 95.5 billion). The program helps EU countries tackle the consequences of climate change, achieve the UN’s Sustainable Development Goals, and boost the EU’s competitiveness and growth. It facilitates collaborations as well as highlights the weight of research and innovation in the development, support, and implementation of EU policies while tackling challenges. This will bolster growth in companies that are developing technologies for differently abled, including persons with visual impairment through funding in innovation, research, and development. The European Union has been active for many years in the field of disability, covering different fields such as information, society, education, employment, and health through various policies. It recently imposed the European Disability Strategy 2010–2020, and the European Commission (EC) adopted a European Accessibility Act in 2012. The European Disability Strategy calls for accessibility as “a precondition for participation in society.” Moreover, prominent players like Braillo and Index Braille are well-established in braille printing machine market. Braillo, Norway, is a pioneer in braille embosser technology as the company developed the world’s first double-sided (interpoint) braille embosser—Braillo 270—together with SINTEF, a Trondheim-based research institute. Index Braille, Sweden, one of the main manufacturers of braille printers, has a high yearly growth rate, with a share of more than one-third of the braille embosser market. The presence of such prominent braille printing machine manufacturers is fueling the market growth in Europe.
Due to the COVID-19 outbreak, Spain, Italy, Germany, UK, and France are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had either to suspend their operations or substantially reduce their activities. Owing to business lockdowns, travel bans, and supply chain disruptions, the region is anticipated to have an economic slowdown in 2020 and most likely in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a significant market for braille printing machine adoption and growth owing to the high purchasing power of individual customers and boosting the e-commerce industry. However, due to COVID-19, the manufacturing of braille printers has seen a sharp decline in European countries. The retail & e-Commerce industry is expected to be under stress in 2020, and it will require time to stabilize. All these factors are expected to impact braille printing machine market growth in European countries directly. Italy, Spain, Germany, UK, and France braille printing machine markets are anticipated to see the worst impact in 2020 and likely in 2021.
Strategic insights for the Europe Braille Printing Machine provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 106.00 Million |
| Market Size by 2028 | US$ 161.27 Million |
| Global CAGR (2021 - 2028) | 6.18% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Connectivity
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Braille Printing Machine refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The braille printing machine market in Europe is expected to grow from US$ 106.00 million in 2021 to US$ 161.27 million by 2028; it is estimated to grow at a CAGR of 6.18% from 2021 to 2028. Growing Use of Additive Manufacturing for Producing Braille Printed Sheets; Additive manufacturing/3D printing technology is emerging as one of the most significant technique of producing electronic devices and components. It can decrease the investment needed to attain economies of scale and enhance the flexibility of electronic components; consequently, the 3D manufacturing consist of fully functional electromechanical parts is anticipated to offer lucrative opportunities for the growth of braille printed electronics technology. Additive manufacturing involves generating 3D models using a layer-by-layer process. Researchers in the UK and Spain are continuously focusing on exploring the potential of 3D printing applications to transform pharmaceuticals industry, and in 2020, they published the summary of their studies in the research paper “3D Printed Tablets (Printlets) with Braille and Moon Patterns for Visually Impaired Patients.” Thus, increasing efforts of scientists and manufacturers for extending the use of progressive methods such as braille with printlets for patient-specific treatment for preventing the dosage errors and urge the visually disabled people to continue with their medication. Therefore, the application of additive manufacturing for braille printing is creating significant opportunities for the braille printing machine market players. This is bolstering the growth of the braille printing machine market.
In terms of connectivity type, the wired segment accounted for the largest share of the Europe braille printing machine market in 2020. In terms of product type, the Embossers + color ink segment held a larger market share of the braille printing machine market in 2020.
A few major primary and secondary sources referred to for preparing this report on the braille printing machine market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are American Thermoform, Baumer HHS GmBH, Humanware Group, Index Braille,Harpo Sp. Z.O.O, ViewPlus, Kanematsu USA, Blista Brailletec.
The Europe Braille Printing Machine Market is valued at US$ 106.00 Million in 2021, it is projected to reach US$ 161.27 Million by 2028.
As per our report Europe Braille Printing Machine Market, the market size is valued at US$ 106.00 Million in 2021, projecting it to reach US$ 161.27 Million by 2028. This translates to a CAGR of approximately 6.18% during the forecast period.
The Europe Braille Printing Machine Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Braille Printing Machine Market report:
The Europe Braille Printing Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Braille Printing Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Braille Printing Machine Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Braille Printing Machine Market
