Market Outlook and Insight: The Print Industry

The printing industry has undergone significant transformations in recent years, shaped by technological advancements, changing consumer demands, and sustainability concerns. This dynamic landscape presents challenges and opportunities for potential investors seeking to acquire printing businesses. This review aims to comprehensively analyze the industry's past performance and future outlook, focusing on manufacturers and service providers, mainly focusing on resellers offering managed print services.

Manufacturers like HP, Canon, Xerox, and Ricoh have shifted their focus to high-end commercial printing and providing end-to-end managed print services. This includes selling printers and managing clients' document workflows, including printers, software, support, and supplies. Managed print services now account for over 30% of revenue for the major vendors.

Past Performance

Due to the rise of digital media, the printing industry has experienced a gradual decline in demand for traditional print products, such as newspapers and magazines. However, there has been a simultaneous surge in demand for specialized printing services, packaging, and personalized marketing materials. The COVID-19 pandemic further accelerated digital transformation, forcing many businesses to rely heavily on online platforms, increasing the need for unique and eye-catching printed materials for marketing and branding purposes.

Current Landscape

Manufacturers have responded to market demands by investing in digital printing technologies, enabling cost-effective short runs, variable data printing, and faster turnaround times. Service providers, especially those offering managed print services, have flourished by providing comprehensive solutions, including printer fleet management, supplies replenishment, and maintenance services.