Checkbook sales in the US were valued at 1.8177 billion dollars in 2023. Over the historical period from 2013 to 2023, checkbook sales exhibited modest fluctuations with both negative and positive year-on-year variations. Notably, there were decreases in 2014, 2016, and 2020, alongside significant growth in 2021 and consistent smaller increases in subsequent years. The compound annual growth rate (CAGR) over the past five years leading to 2023 was moderate at 1.33%.
Looking forward from 2024, forecasted values predict a gradual increase in checkbook sales, with a 5-year CAGR of 0.98%, indicating continued but slow growth. By 2028, checkbook sales are expected to reach 1.9344 billion dollars, representing an overall growth rate of 5% from 2023.
Future trends to watch for include:
- Impact of digital payment methods on checkbook usage.
- Potential resurgence or decline in demand driven by economic cycles.
- Changes in consumer behavior towards more environmentally friendly and paperless transactions.