Copier & Optical Machinery Manufacturing in the US
While the Copier and Optical Machinery Manufacturing industry has experienced slow growth over the five years to 2018, 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. Nevertheless, ebbing export demand for US-produced products, steady competition from inexpensive imports and recent strength in the US dollar have hindered sales of the industry's outperforming segments and constrained industry growth over the past five years. Over the five years to 2023, the industry is expected to continue along its steady growth pattern. Nevertheless, production expansion overseas, which has increasingly characterized the US manufacturing sector, will limit the number of companies in the industry and limit growth in employment and wages.
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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