Overview of the Market for Printing Machinery And Equipment in the USA

In 2019, after four years of growth, there was significant decline in the U.S. printing machinery and equipment market, when its value decreased by -% to $. Over the period under review, consumption saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2018, and then fell rapidly in the following year.

In value terms, printing machinery and equipment production amounted to $ in 2019. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by % y-o-y. As a result, production reached the peak level of $; afterwards, it flattened through to 2019.

In 2019, after two years of growth, there was significant decline in consumption of printing machinery and equipment, when its volume decreased by -% to units. Overall, consumption faced a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when the consumption volume increased by % against the previous year. Printing machinery and equipment consumption peaked at units in 2018, and then reduced sharply in the following year.

The size of the printing machinery and equipment market in the U.S. contracted remarkably to $ in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt slump. The pace of growth appeared the most rapid in 2015 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2018, and then shrank sharply in the following year.

Depressed by shrinking demand for printing machinery and equipment in the U.S., the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .

Driven by a growing demand, the share of imports in total supply in the U.S. increased significantly over the last six years (from % to %). Total import supply of printing machinery and equipment is expected to rise, though it will be moderately impacted by price increases.

This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.