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 Investment Chapter
Moderate capital intensity characterises the industry. In 2016-17, an estimated $3.79 is spent on wages for every dollar invested in capital. Printers 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 need special qualifications and training. These trends prompt 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, investing in technology that provides specialised functions... purchase to read more