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Copier & Optical Machinery Manufacturing in the US - Industry Market Research Report

  • July 2017
  • 37 pages
  • Ibisworld
Report ID: 657910

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In service: Import competition will limit growth, but rising demand will aid a modest recovery

Abstract

Copier & Optical Machinery Manufacturing in the US

The Copier and Optical Machinery Manufacturing industry is composed of various product segments, including copiers and office machinery, commercial cooking equipment, vacuum cleaners and vending machines. While this diverse industry has experienced slow growth over the five years to 2017, revenue performance has varied by product segment. For example, as companies converted to paperless work environments, a decade-long trend in competition from digital substitutes devastated demand for photocopying, letter-folding and traditional photographic equipment. Conversely, revenue from other industry products, such as commercial cooking ovens, laundry equipment and small appliances, is highly cyclical. Sales from these segments improved as the economy expanded and corporate profit, spending and aggregate private investment rose over the five years to 2017.

Over the five years to 2022, the industry is expected to surpass challenges and achieve growth.

This industry mainly manufactures commercial cooking equipment, floor-cleaning machines (excluding residential vacuums), electronic teaching machines and automotive maintenance equipment (excluding hand tools). Operators also manufacture parts for service-industry equipment; optical instruments and lenses; copiers and office machinery (excluding printers); photographic equipment (excluding digital); automatic vending machines; and commercial laundry and dry-cleaning equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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