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. Consumer and business incomes have grown consistently since then, though, 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 Analysis Chapter
The Custom Screen Printing industry is currently in a state of slow recovery following the severe negative effects of the Great Recession. Overall, industry revenue has fallen at an annualized rate of 0.7% in the five years to 2013. However, revenue declines were concentrated entirely in the recessionary year of 2009, and the industry has slowly expanded in the years since, with growth of 4.0% expected in 2013 to reach $2.1 billion.
Bust and recovery
The 2008 financial crisis sparked a dramatic economic slowdown, leading per capita disposable income to fall at an unprecedented level over 2009. As Americans struggled to make ends meet, demand for discretionary goods dropped off considerably... purchase to read more