The development of advanced prepress services has enabled the industry to expand quickly
New York, NY (PRWEB) September 16, 2014
Over the past decade, the rise of online media has provided fierce competition to operators in the printing sector. Despite this trend, the Digital Printing industry has recorded strong growth. The development of advanced prepress services, which include the ability to make changes to documents and files at any time and create highly customizable and personalized additions to documents, has enabled the industry to expand quickly. Furthermore, recovering demand from the corporate sector, fuelled by rising corporate profit and an increasing number of businesses, has created a surge in demand for industry services. Therefore, industry revenue is projected to grow over the five years to 2014. Additionally, growth is expected to remain strong, as new businesses enter the United States with greater budgets to spend on materials that require printing services.
According to IBISWorld Industry Analyst Jeremy Edwards, “industry profitability has also been on the rise, with profit margins growing in 2014.” Rising demand for digital printing services has enabled operators to increase pricing and benefit from higher sales volumes simultaneously, which has also precipitated an increase in the number of industry players. The number of industry establishments is expected to increase over the five-year period.
Growth is expected to accelerate over the next five years as digital printing services benefit from a stronger business environment, with corporate profit and the number of businesses both expected to experience consistent growth. Additionally, the ability to run small prints with greater customization at a relatively low per-unit cost, will continue to drive growth. “Competition will remain high for operators, as digital versions of products are becoming increasingly popular,” says Edwards. Nonetheless, new markets such as textile manufacturing will also drive growth, particularly for inkjet digital printing, which is expected to become the leading printing format over the next five years. Overall, industry revenue is projected to over the five years to 2019.
For more information, visit IBISWorld’s Digital Printing in the US industry report page.
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IBISWorld industry Report Key Topics
The Digital Printing industry prints graphical materials using digital printing equipment. Digital printers typically provide sophisticated prepress services, using scanners to input images and computers to manipulate and format the graphic images prior to printing.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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