May 22, 2024
Industrial Screen Printing Market

The Global Industrial Screen Printing Market Is Driven By Rising Demand From Electronics Industry

Industrial screen printing is a printing technique where a mesh is used to transfer ink onto a substrate, except in areas made impermeable to the ink by a blocking stencil. Industrial screen printing is very commonly used in industrial applications for printing on t-shirts, fabrics, glass, metal, plastic, ceramic and wood. It allows for mass production of printed parts and is utilized across various industries like textile, electronics, automotive etc. for manufacturing logos, designs, circuit boards and more. The screen printing process involves pushing or squeezing ink or dye onto a mesh screen that is blank in areas where an image is not wanted. When the screen meets the substrate like paper or fabric, ink goes through holes of mesh onto the substrate. This leaves a clearly defined pattern. Industrial screen printing offers benefits like high-quality resolution, multi-color printing capabilities, durability of prints, cost effectiveness for mass production and versatility.

The global Industrial Screen Printing Market is estimated to be valued at US$ 7.87 Bn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the industrial screen printing market is the shift towards digital printing. Digital printing allows on-demand, low-volume runs without screens or plates which reduces time and costs for short runs and custom designs. It also enables greater creativity and personalization. Technologies like inkjet printing and laser engraving are gaining popularity for industrial applications providing advantages like variable data printing, instant design changes and reduced material waste. Adoption of digital printing is growing in industries like textile, electronics, advertisement and packaging. However, screen printing still has advantages for longer print runs due to very low per-unit costs. Innovation in screen printing machinery to increase automation is another trend. Companies are developing automated screen mounting machines, automatic screen changers and integrated units to reduce labor requirements and speed up production.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as it requires large capital investments and established supply chain to enter into this market. However, innovation can help new players establish themselves.

Bargaining power of buyers: The bargaining power of buyers is high as there are many established players in the market providing similar products. Buyers can easily switch between suppliers based on price and quality.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many component suppliers. However, suppliers of critical components exert some pricing pressure.

Threat of new substitutes: The threat of substitutes is low as there are limited substitutes that can provide similar utility as industrial screen printing.

Competitive rivalry: The competitive rivalry is high owing to many international and domestic players competing on the basis of pricing, quality, and technological innovation.

Key Takeaways

The Global Industrial Screen Printing Market Demand  is expected to witness high growth. The market size for 2023 is estimated to be US$ 7.87 Bn indicating a CAGR of 4.9% over the forecast period of 2023 to 2030.

Regional analysis: Asia Pacific dominates the global industrial screen printing market with more than 35% market share in 2023 led by increasing demand from end use industries such as textile, construction materials, automotive, and consumer electronics. China is projected to be the fastest growing market for industrial screen printing during the forecast period.

Key players: Key players operating in the industrial screen printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG. The market is highly consolidated with top five players accounting for more than 30% share of the global market. Key players are focusing on new product launches and expanding regional presence through mergers and acquisitions to gain competitive edge.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it