Report ID: UCMIG25D2001
Report ID:
UCMIG25D2001 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global custom printing market reached a significant milestone with a valuation of USD 31,688.4 million. Looking ahead, experts predict a steady growth trajectory for the industry, projecting a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030. This anticipated expansion can be attributed to the increasing demand for personalized and customized products across various sectors, including retail, advertising, and corporate branding. Technological advancements, such as digital printing and 3D printing, are expected to further drive the market's growth by enabling cost-effective and efficient customization options. As a result, the custom printing industry is poised for substantial development in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Advertising by segment aggregation, the contribution of the Advertising in Media and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25D2001