Over the five years to 2012, revenue within the US quick printing industry has been forecast to fall at a negative compound annual growth rate (CAGR) of 4.5%, to be worth $2.8 billion by 2012.
US quick printing industry revenue is forecast to continue contracting over the next five years, falling at a negative CAGR of 0.8%, to an estimated $2.7 billion.
Rapid advancements in computer technology have driven the drop in prices. As a result, consumers and small businesses are increasingly performing tasks that were previously serviced by quick print shops in the convenience of their homes and offices.
Furthermore, consumers are increasingly favouring alternative mediums, such as online media and digital communications, over printed materials, leeching away industry demand.
In spite of these trends, with the recession's end the US quick printing industry has grown a low degree due to a modest bounce back in print advertising expenditure. This factor is expected to contribute to 2.4% revenue growth during 2012.
The US quick printing industry is dominated by FedEx Corporation, a global shipping and receiving firm. The quick printing industry's largest players include office retailers, shipping and transportation companies and business support firms.
Over the five years to 2012, the number of businesses is expected to fall at a CAGR of 3.2% to 5,133 companies, a trend that is expected to continue as major players continue to gain market share and smaller companies exit the industry because of the decline in demand.
For more information on the US quick printing industry, see the latest research: US Quick Printing Industry Market Report
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