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

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

  • November 2020 •
  • 51 pages •
  • Report ID: 657910 •
  • Format: PDF
Fine print: Stable economic growth and a projected increase in corporate profit will likely buoy demand

Abstract

Copier & Optical Machinery Manufacturing in the US
The Copier and Optical Machinery Manufacturing industry is composed of various product segments. While this diverse industry has experienced slow growth over the five years to 2019, revenue growth has varied by product segment. For example, as companies converted to paperless work environments, digital substitutes have devastated demand for photocopying, letter-folding and traditional photographic equipment. Conversely, revenue from commercial cooking ovens and small appliances has experienced a resurgence due to the emergence of fast-casual dining. Still, declining exports of domestically manufactured products, resulting from the relative strength in the US dollar, have hindered sales abroad over the past five years. Overall, industry revenue is expected to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise, albeit at a slower rate. The projected depreciation of the US dollar during the outlook period is expected to result in increased exports and reduced import penetration, benefiting industry operators

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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