The digital printing turnover in the US reached a value of $9.7969 billion in 2023. Reviewing the historical data, we notice fluctuations with a 2.1% increase in 2013 and drops such as -1.39% in 2014. Significant growth was seen in 2016 with a notable 7.48% increase. Over recent years, the growth has stabilized, experiencing modest increases between 0.65% to 0.75% from 2018 to 2023.
The average annual growth rate (CAGR) over the past five years (2019-2023) stood at 0.69%. Looking ahead, the forecast indicates a steady growth trend, although at a slightly lower average annual rate of 0.48% from 2024 to 2028, projecting an overall 2.4% growth by 2028.
Future trends to watch for:
- Technological advancements in digital printing methods and materials could drive market growth.
- Increasing demand for personalized and on-demand printing services will support the industry expansion.
- Sustainability trends may lead to innovations in eco-friendly printing solutions, influencing market dynamics.
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