Industry Analysis & Industry Trends
The Printing industry has been hit hard over the past five years, as consumers have increasingly sought information through online platforms rather than printed materials. This trend has led to a sharp decline in demand for professional printing services from industry providers. Online media continues to encroach on the domain of newspaper, magazine, book and directory publishers. As digital technology has evolved, the printed word has become, in comparison, slow to produce and costly to distribute. Consumers and businesses have therefore increasingly traded and conducted business online without using printed materials. As a result, industry revenue is expected to fall at an annualised 2.3% over the five years through 2015-16 to reach $7.6 billion... purchase to read more
Industry Report - Industry Analysis Chapter
The Printing industry has struggled significantly over the past five years. Many businesses have found it difficult to adapt to a rapidly changing environment where more people are consuming media through digital platforms. The industry has undergone rapid structural changes as intensifying competition has reduced profit margins, causing a reduction in the viability of firms that has negatively affected the industry.
Revenue and profitability
Demand for outsourced printing services from downstream newspaper, magazine, book and directory publishers has decreased over this period, as many shift to online methods of publication to align with changing consumer preferences... purchase to read more