Industry Analysis & Industry Trends
The Printing industry has been hit hard over the past five years as consumers have increasingly received information through online platforms rather than printed materials. This trend has led to a sharp decline in demand for services that professional printers in the industry provide. Online media continues to encroach on the domain of newspaper, magazine, book and directory publishers. As digital technology has progressed, the printed word has proven 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 estimated to fall at a compound annual rate of 3.8% over the five years through 2015-16 to reach $6.9 billion... purchase to read more
Industry Report - Starting a New Business Chapter
The industry exhibits medium barriers to entry and this trend has remained stable over the past five years. Barriers to entry typically vary by product segment. Large established companies can benefit from economies of scale and scope. However, it is possible for new players to enter the industry and compete with relatively low costs. The cost of printing equipment and technology has dropped over the past five years, particularly due to the development of digital printing technology.
In the commercial contract printing segment, barriers to entry can be relatively high, as large investments are required to set up printing facilities and a critical mass of initial contracts is required. For example, PMP has long-term contracts with key companies that advertise in catalogues... purchase to read more