Industry Analysis & Industry Trends
The Printing industry has been hit hard over the past five years. Consumers have increasingly received information via online platforms over this period, 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 to be slow to produce and costly to distribute. Consumers and businesses have increasingly traded and conducted business online without the aid of 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... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Printing industry is in the declining stage of its economic life cycle. Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to fall at a compound annual rate of 4.0% over the 10 years through 2019-20. The industry is therefore expected to significantly underperform real GDP growth of an annualised 2.7% over the same period.
Several of the industry's major markets have reached saturation, such as book, catalogue and magazine publishers, and many small printing companies operate in these segments. Printing equipment manufacturers tend to influence technology in the industry, rather than printers themselves... purchase to read more