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 Investment Chapter
A moderate level of capital intensity characterises the industry. In 2015-16, an estimated $4.17 is spent on wages for every dollar 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 special qualifications and training. These trends result in substantial labour expenses.
Capital costs are also high as traditional printing presses and equipment are extremely expensive. A lot of industry operators cater for small segments of the printing industry and therefore invest in technology that provides specialised functions... purchase to read more