Pressed for success: Technological shifts are expected to hurt industry growth
Printing service providers have struggled over the current period as demand from downstream printing and publishing sectors plummeted, especially in 2020 because of the COVID-19 pandemic. Printing service providers have continued to face difficulties as printed newspaper and magazine circulation declined and many forms of printed materials have moved online. Industry-wide revenue has been falling at a CAGR of 5.9% over the past five years and is expected to total $590.0 million in 2023, when revenue will dip by an estimated 0.6%. While revenue has fallen considerably, profit has expanded over the past five years because of unprofitable businesses exiting.
This industry offers prepress and postpress services. Prepress services include image setting and typesetting for printers, film preparation and plates for printing. Postpress services include functions that support printing activities, such as book binding. This industry does not include companies that are primarily engaged in printing, which are instead included in the Printing industry in Canada (report 32311CA).
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's key players and their market shares.
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