Industry Analysis & Industry Trends
The Printing industry's struggles have continued over the past five years as digital products and services have increasingly displaced traditional printed materials. Printers were historically central to both publishing and advertising; however, over the past two decades, rapid technological change has upended both markets and sent the industry into structural decline. Over the next five years, the industry will continue to struggle as digital media replaces traditional paper products. Meanwhile, profit margins are expected to slightly increase, mainly due to a drop in labor expenses as a result of industry consolidation... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Printing industry is in the decline stage of its life cycle. Over the 10 years to 2021, the industry's contribution to the overall economy, measured by industry value added, is expected to decline at an average annual rate of 1.4%, largely due to the increasing presence of digital media. For comparison, over the same period, US GDP is projected to grow at an average annual rate of 2.2%, indicating that the industry is contracting in comparison to the rest of the US economy.
In the 10 years to 2021, the number of enterprises operating in this industry is anticipated to fall at an average annual rate of 1.0% to 45,689, continuing the industry's long-term consolidation trend... purchase to read more