The US market for printing machinery and equipment witnessed fluctuations between 2013 and 2023. The sales value stood at $1.8792 billion in 2023. Year-on-year variations were impacted by both positive and negative trends: 6.66% growth in 2013, followed by a decline in subsequent years, with notable recovery periods in 2016 (6.84%). From 2018 to 2023, the yearly growth stabilized around 0.5%. The compound annual growth rate (CAGR) from 2018 to 2023 was approximately 0.56%, indicating moderate growth.
Future forecasts project a continued increase, with the sales value estimated to reach $1.9262 billion by 2028. The forecasted 5-year CAGR stands at 0.39%, demonstrating steady, albeit slow, growth. Future trends to watch include advancements in digital printing technologies, increasing demand for eco-friendly printing solutions, and potential disruptions from industry automation and AI integration.
Latest reports
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