South America Braille Printing Machine Market
The SAM braille printing machine market is further segmented into Brazil, Argentina, and the rest of SAM. There is a mixed growth scenario in the region, with a few countries having complex macroeconomic and political environments. Developing economies such as Brazil, Argentina, Chile, and Peru are making significant investments in technology and educational development.
In South America, as per the data from VLEG/GBD 2020 model, the age-standardized prevalence of complete vision loss is 5–5% of the total population. Brazil is one of the fastest growing economy in South American region and a potential market for braille printing products. Further, Brazil ranked among the world’s top 10 countries with the highest number of persons with vision loss in 2020. In May 2012, the Brazilian government made a huge investment for blind children for purchasing 1,500 Braille embossers, with a plan to distribute them in the country's school system. However, due to institutions’ internal and external factors, courses in many educational levels and fields of knowledge are still inaccessible to visually impaired learners in higher education. Such barriers are limiting the growth of the braille printing machine market in South American countries.
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
Strategic insights for the South America 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$ 14.14 Million |
| Market Size by 2028 | US$ 19.60 Million |
| Global CAGR (2021 - 2028) | 4.78% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Connectivity
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America 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 SAM is expected to grow from US$ 14.14 million in 2021 to US$ 19.60 million by 2028; it is estimated to grow at a CAGR of 4.78% from 2021 to 2028. Programs and Projects for Blind Education; Braille is being used across the world among different languages. In Canada, the National Federation of the Blind (NFB) is providing resources and programs to support adults and children learn using the braille writing system; the scope of the program also includes making learning enjoyable. “The Braille Monitor” by the NFB covers all its activities and events focusing on the concerns faced by visually disabled people while reading. The Braille Monitor is available online and it can also be subscribed on e-mail, in fourteen-point ink print, and on USB flash drive offered through NFB-NEWSLINE program and via podcast. Further, the European Union (EU) funded the “KW Special Project” under the Horizon 2020 initiative for developing a desktop digital printer for Braille and is entailed across border collaboration with the EU. Recently, the government of Pakistan has approved a project worth USD 5.50 million for establishing a modern Braille printing press in Peshawar. Such projects and programs are meant to empower the visually impaired students, writers, and poets to carry out to their work effectively, along with enhancing the literacy ratios in countries. Therefore, growing investment in the planning and implementation of different programs and projects is boosting the deployment of braille writing systems. 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 SAM 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 SAM 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.
The South America Braille Printing Machine Market is valued at US$ 14.14 Million in 2021, it is projected to reach US$ 19.60 Million by 2028.
As per our report South America Braille Printing Machine Market, the market size is valued at US$ 14.14 Million in 2021, projecting it to reach US$ 19.60 Million by 2028. This translates to a CAGR of approximately 4.78% during the forecast period.
The South America 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 South America Braille Printing Machine Market report:
The South America Braille Printing Machine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Braille Printing Machine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Braille Printing Machine Market value chain can benefit from the information contained in a comprehensive market report.
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