Industry Analysis & Industry Trends
The Printing industry, which includes large commercial printers and local print shops, endured a variety of challenges over the past five years. Consumers are increasingly favoring digital alternatives to printed materials, such as online media. Decreasing sales volumes and the application of downward pressure on unit selling prices have also hampered industry profit during the past five years. Printing requires substantial capital investment in new technology to remain competitive in times of excess capacity. Due to the relatively low amount of customer orders, overcapacity has contributed to the long-term trend 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 2019, the industry's contribution to the overall economy, measured by industry value added, is expected to decline at an average annual rate of 2.1%, largely due to the increasing presence of digital media. On the other hand, GDP is projected to grow at an average annual rate of 2.5% over the same period, indicating that the industry is accounting for a smaller share of the US economy.
In the ten years to 2019, the number of firms operating in this industry is anticipated to fall at an average annual rate of 1.6% to 44,646 continuing the industry's long-term consolidation trend. Consolidation among larger firms, which tend to operate in the long print-run markets, has been significant... purchase to read more