What Are The 5 Top Insights From The Printed Signage Market Forecast 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Printed Signage Global Market Report 2023, the printed signage market is expected to show significant growth in the forecast period.
Key insights from the printed signage market forecast include:
- Market Size
The global printed signage market is expected to grow from $35.54 billion in 2022 to $36.48 billion in 2023 at a compound annual growth rate (CAGR) of 2.63%. The global printed signage market size is expected to reach $39.63 billion in 2027 at a CAGR of 2.09%.
- Major Driver
The retail industry’s increased emphasis on advertising is likely to drive the growth of the printed signage market. According to Sensor Tower Inc., a US-based software company, the amount retail spent on advertising in the US was close to $2.7 billion in the first quarter of 2021, a 6.5 percent rise from the previous year, in August 2022. Furthermore, according to the same source, retail ad expenditure hit $870 million in 2021, a nearly $300 million (51 percent) increase over 2019. As a result, the retail industry’s increased emphasis on advertising is propelling the printed signs market.
View More On The Printed Signage Market Report 2023 – https://www.thebusinessresearchcompany.com/report/printed-signage-global-market-report
- Key Trend
Product innovation is a prevalent trend in the printed signage sector. For example, Seiko Epson Corporation., a Japanese electronics firm, announced two new signs printers, the SC-R5030L and SC-R5030, in February 2020. They offer resin ink that may be used for a variety of purposes. With fast lamination and excellent scratch resistance, the unique signs printer can produce stunning prints for a wide range of applications. With these new 64-inch sign printers with UltraChrome water-based resin inks, clients may now acquire a wider range of applications for display in retail contexts, including graphic printing as well as high-value applications like wallpaper, soft signs, and decoration. Printing on vinyl, banners, canvas, film, textiles, paper, and wall-covering media is possible with the SC-R5030L and SC-R5030.
- Major Players
Major players in the printed signage market are Avery Dennison Corporation, Spandex Ltd., Igepa group GmbH & Co. KG, Orafol Europe GmbH, Kelly Signs Inc., Lintec Corporation, 3A Composites Holding AG, Signs Express Ltd., EhKo Sign Industries Kft., Identity Group, L And H Sign Company Inc., James Printing And Signs, Chandler Inc., Galaxy Signage, and RGLA Solutions Inc.
- Top Market Segments
The global printed signage market is segmented –
1) By Type: Banner And Backdrop, Corporate Graphics, Exhibitions, Trade Shows, Backlit Displays, Point Of Purchase Display, Billboards, Other Types
2) By Print Technology: Screen, Inkjet, Sheetfed, Other Print Technologies
3) By Application: Indoor, Outdoor
4) By End-User Vertical: Banking Financial Services And Insurance, Retail, Transportation And Logistics, Healthcare, Other End User Verticals
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The Printed Signage Global Market Report 2023 provides an in-depth analysis on the printed signage market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the printed signage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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