LFP - Large-Format-Printing

SGIA Unveils Financial Outlook & Business Growth Report

Friday 25. June 2010 - Survey data offers insight about future specialty imaging trends

SGIA released its 2010 Financial Outlook and Business Growth Plans Report, which reveals the hottest market trends and profitable business strategies for the graphic, garment and industrial imaging communities.

“SGIA surveys offer the specialty imaging community with a wealth of industry information so they can gain a competitive advantage in today’s marketplace,” says Dan Marx, SGIA’s Vice President of Markets and Technologies. “The 2010 Financial Outlook and Business Growth Plans survey is an illuminating look at specialty imager’s plans for future business growth and equipment acquisition.”

The full report, free to SGIA members and all survey participants, provides:
-Tactics for business growth for graphic, garment and industrial printers
-Anticipated sales growth through 2011
-Amount of work currently in-house
-Equipment purchase plans

According to the US report, graphic imager respondents indicate that 62.5 percent purchased some sort of digital printing equipment in 2009 and 73.6 percent plan to purchase digital equipment in 2010. The most influential criteria for choosing equipment are durability (55.8 percent) and quality (53.6 percent).

The survey also revealed that US garment decorator respondents plan to grow their business by expanding existing markets (67.5 percent), followed by developing new markets (52.8 percent) and adding production capacity (43.4 percent).