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 - Industry Investment Chapter
A medium level of capital intensity characterises the industry. In 2015-16, an estimated $0.18 is invested in capital for every dollar spent on wages. 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 qualifications and training. These trends result in substantial labour expenses.
Capital costs are also high as traditional printing presses and equipment are extremely expensive. Capital intensity varies by industry segment. Heat-set web printing is typically a high fixed-cost, capital-intensive business... purchase to read more