Industry Analysis & Industry Trends
Demand for discretionary purchases like custom screen printing dropped with the decline in consumer disposable incomes and corporate profit during the recession. However, consumer and business incomes have grown consistently since, and demand for industry services has returned. The proliferation of the internet has lowered barriers to entry into the industry, but it has also led to greater competition as more potential customers look to internet publishing and DIY screen printing. Competition is anticipated to become even more fierce over the next five years, limiting revenue growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Custom Screen Printing industry is currently in the mature phase of its life cycle. Industry value-added (IVA), a measure of an industry's contribution to the overall economy, is forecast to increase at an average rate of 1.7% annually in the 10 years to 2020. This growth rate is slightly below the 2.5% annualized US GDP growth expected over the same period. This level of growth is indicative of an industry that is in its mature phase and that its share of the economy is holding.
Although a mature industry, businesses have been increasing their investments into new technologies and systems. These investments are mainly directed towards enhancing the online presence of industry operators as well as investing in update printing equipment... purchase to read more