Copier & Optical Machinery Manufacturing in the US - Industry Market Research Report

Fine print: A recovery in economic growth and a projected increase in corporate profit will buoy demand

The industry is composed of various product segments, including copiers and office machinery, commercial cooking equipment, vacuum cleaners and vending machines. Revenue has exhibited fluctuations through the end of 2023, as performance is determined by commercial demand, which is influenced by consumer spending and the overall economic conditions. Consequently, revenue from commercial cooking ovens and food-warming appliances, the industry's largest product segment, is estimated to have endured significant complications amid the pandemic in 2020, as many dine-in options for restaurants were forced to completely shut down.

Driven by the contracted demand in 2020, revenue is expected to decline at a CAGR of 2. 3% over the past five years to $28. 2 billion through the end of 2023. Profit is projected to also decline during the five-year period, as costs have outpaced revenue growth. This industry mainly manufactures commercial cooking equipment, floor-cleaning machines (excluding residential vacuums), electronic teaching machines and automotive maintenance equipment (excluding hand tools).

Operators also manufacture parts for service-industry equipment; optical instruments and lenses; copiers and office machinery (excluding printers); photographic equipment (excluding digital); automatic vending machines; and commercial laundry and dry-cleaning equipment. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.