Printing Services in the US - Industry Market Research Report

Printing Services in the US - Industry Market Research Report

Printing Services in the US

Printing services have declined markedly over the past few years as demand for print media has fallen. The industry provides prepress work such as typesetting, trade binding, mounting and print-plate creation. Demand for printing services is highly correlated with the performance of the Printing industry (IBISWorld report 32311) and demand for book, newspaper and magazine publishing, both of which faced similar periods of decline. This contraction occurred due to the fast-growing popularity of online media, causing many companies to reduce print advertising expenditures. These factors were exacerbated by the outbreak of COVID-19 in 2020. Over the past five years, printing services' revenue has been falling at a CAGR of of 4.7%, reaching an estimated $2.8 billion in 2023. This includes a projected 0.6% decline in 2023.

This industry includes companies that offer prepress and postpress services. Prepress services include image-setting and typesetting for printers, in addition to preparing film and plates for printing. Postpress services constitute activities, such as book binding, to support printing activities. This industry does not include businesses that are primarily engaged in printing (see IBISWorld report 32311).

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.