Industry Analysis & Industry Trends
The Printing industry has declined over the past five years, as consumers have increasingly sought information through online platforms rather than printed materials. This trend has reduced 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 slow to produce and costly to distribute. Consumers and businesses have therefore increasingly been trading online without using printed materials. Industry revenue is expected to fall at an annualised 2.1% over the five years through 2016-17, to $7.5 billion. As these trends continue, revenue is set to drop by a further 4.6% in 2016-17... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Printing industry is in the declining stage of its economic life cycle. The rising popularity and accessibility of online publications has adversely affected demand for printed newspapers, directories, books and magazines, and other types of printed materials such as annual reports and financial documents. As many of the industry's downstream markets are also in the declining stages of their economic life cycles, printing companies have struggled to develop any new growth opportunities.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to fall at an annualised 0.9% over the 10 years through 2021-22. The industry is therefore expected to underperform annualised real GDP growth of 2.6% over the same period... purchase to read more