Industry Analysis & Industry Trends
The Printing industry has been hit hard over the past five years, as consumers have increasingly received information via online platforms rather than via printed materials. This trend has led to a decline in demand for the services of professional printers. Online media continues to encroach into the domain of book, newspaper, magazine and directory publishers. As digital technology has progressed, the printed word has proven slow to produce and costly to distribute. Consumers and businesses have increasingly traded and conducted business online without using printed materials. As a result, industry revenue is estimated to fall at a compound annual rate of 5.2% over the five years through 2014-15. Revenue is forecast to drop by 4.6% in 2014-15, to reach $7.1 billion... purchase to read more
Industry Report - Industry Investment Chapter
A medium level of capital intensity characterises the industry. In 2014-15, for every dollar spent on wages, an estimated $0.18 is invested in capital. Printers tend to have higher labour costs compared with other manufacturing industries. For traditional printing techniques, staff are required to manually complete printing tasks, while for digital printing techniques, staff generally require qualifications and training. These trends result in substantial labour expenses.
Capital costs are also high, as traditional printing presses and equipment are extremely expensive. Capital intensity varies by industry segment. Heat-set web printing is typically a high fixed-cost, capital-intensive business... purchase to read more