Fine print: stable economic growth and a projected increase in corporate profit and spending will buoy demand

While the Copier and Optical Machinery Manufacturing industry has experienced slow growth over the five years to 2018, revenue performance has varied by product segment. For example, as companies converted to paperless work environments, a decade-long trend in competition from digital substitutes devastated demand for photocopying, letter-folding and traditional photographic equipment. Nevertheless, ebbing export demand for US-produced products, steady competition from inexpensive imports and recent strength in the US dollar have hindered sales of the industry's outperforming segments and constrained industry growth over the past five years. Over the five years to 2023, the industry is expected to continue along its steady growth pattern...purchase to read more.

Industry Statistics & Market Size
Revenue
$29bn
Annual Growth 13-18
1.9%
Forecast Growth 18-23
Profit
Employment
75,758
Businesses
2,023
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Ebbing export demand for US-produced products has hindered sales
  • Industry operators have experienced increased competition from relatively less expensive imported products
  • Economic factors like corporate profit, consumer and business sentiment and unemployment rates will drive demand
  • Industry Report - Starting a New Business Chapter

    In general, barriers to entering any of the manufacturing activities included in this industry report are considered high and steady. The capital investments required to obtain a plant and equipment, as well as technological expertise required to operate within a US manufacturing industry, are relatively high. These set-up costs discourage entry and exit from the industry. Likewise, ongoing research and development is crucial to maintaining market share and profitability, but these costs also require large amounts of capital after production has begun.Similar to research and development, existing players often hold patents. The ownership of these patents contributes to companies' ability to provide leadership products and to generate revenue from licensing. Com...purchase to read more.

    Additional Insights for the Copier & Optical Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Copier & Optical Machinery Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Undertaking technical research and development
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Aggregate private investment and Trade-weighted index in the Copier & Optical Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Copier & Optical Machinery Manufacturing Industry?

    This industry mainly manufactures commercial cooking equipment, floor-cleaning machines (excluding residential vacuums), electronic teaching machines and automotive maintenance equipment (excluding hand tools). Operators also manufacture parts for service-industry equipment; optical instruments and lenses; copiers and office machinery (excluding printers); photographic equipment (excluding digital); automatic vending machines; and commercial laundry and dry-cleaning equipment.

    Industry Products
  • Optical instrument and lens manufacturing
  • Photographic and photocopying equipment manufacturing
  • Other commercial and service industry machinery manufacturing
  • Industry Activities
  • Manufacturing other commercial and service-industry equipment, including commercial-type cooking equipment
  • Manufacturing industrial floor cleaners and electronic teaching machines
  • Manufacturing automotive maintenance equipment (excluding hand tools)
  • Manufacturing optical instruments and lenses, including sighting, tracking and fire-control equipment
  • Manufacturing office machinery and related parts and attachments
  • Manufacturing photographic and photocopying machinery, including projectors and cameras
  • Manufacturing automatic vending machines
  • Manufacturing commercial laundry and dry-cleaning machinery
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Aggregate private investment
  • Trade-weighted index
  • Demand from wholesale trade
  • Corporate profit
  • World price of steel

  • Current Performance
  • External drivers
  • International trade
  • Profit declines
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand for industry products picks up
  • Demand to vary by segment
  • Trade trends and consolidation
  • Table: Copier & Optical Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Copier & Optical Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Camera & Film Wholesaling
  • Copier & Office Equipment Wholesaling
  • Vending Machine Operators
  • Professional, Scientific and Technical Services
  • Management of Companies and Enterprises
  • Janitorial Services
  • Healthcare and Social Assistance
  • Accommodation and Food Services
  • Auto Mechanics
  • Laundromats

  • Key Selling Industries
  • Industrial Machinery & Equipment Wholesaling
  • Manufacturing
  • Wholesale Trade Agents and Brokers

  • Products & Services
  • Other commercial and service industry machinery manufacturing
  • Optical instrument and lens manufacturing
  • Photographic and photocopying equipment manufacturing
  • Chart: Copier & Optical Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Private business investment
  • International trade
  • Seasonality

  • Major Markets
  • Wholesalers
  • Exports
  • Direct sales
  • Other markets
  • Chart: Major Market Segmentation for the Copier & Optical Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Copier & Optical Machinery Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Copier & Optical Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Copier & Optical Machinery Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Copier & Optical Machinery Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Corporate Profit (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Mergers And Acquisitions
  • The buying, selling and combining of companies.
  • Offshoring
  • The relocation of company resources, typically manufacturing operations, to locations that feature lower operating costs, usually due to reduced regulations, lower wages and supply chain efficiencies.
  • Research And Development
  • Creative work undertaken by a company to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • What Our Customers Say

    Why buy this report?

    The Copier & Optical Machinery Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Copier & Optical Machinery Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Copier & Optical Machinery Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Copier & Optical Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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