In a survey conducted by FESPA earlier in the year showed that 86% of respondents to FESPA’s latest Economy Survey expect their businesses to grow in 2011.
More than half of those surveyed forecasting growth to exceed 10%. More than 17% anticipate growth above 25%.
Half of all respondents believe the wide format market has recovered from the economic downturn. Reflecting on sales in the fourth quarter of 2010, 25% reported them better than 2009, 19% said they were better than expected, and 39% thought they were as expected.
The Economy Survey, conducted on behalf of FESPA by its research partner InfoTrends, is the fourth of its kind to be undertaken by FESPA on behalf of its global wide format community. 432 respondents worldwide completed the electronic survey at the end of 2010, almost half representing the service provider community, with the remainder comprising manufacturers (22%), and resellers (18%). Three-quarters of respondents were evenly split between North America and Europe, with the remainder coming from the developing Asian, Middle Eastern, African and South American markets.
According to the Economy Survey 4, growth in demand among clients for environmentally sustainable print services is increasing as economic concerns abate, with 45% reporting a spike in interest for ‘green’ printing. Nearly half of printers responding to the Economy Survey have already re-engineered their wide format production practices to become more environmentally-friendly. For many this has been through attention to more eco-friendly media selection (71%), improved waste management (59%) and recycling (47%). 59% have also addressed environmental performance with investments in lowering solvent use through UV, latex or aqueous production. Similar numbers plan to address these issues in the future. Only 12% of respondents have adopted alternative energy sources, though a further 13.5% expect to do so going forward. The vendor community has responded accordingly, with 72% of manufacturers claiming to have developed or introduced products that support more environmentally responsible printing
The Survey offers evidence that printers are preparing their businesses for demand from clients for closer integration of print with digital marketing media. 40% report seeing an increase in requests for QR code and other variable data printing services, and 52% are equipped to meet this demand, though the remainder has no such capability.
76% of respondents see - or expect to see - digital signage impacting wide format digital graphics. Unsurprisingly, the applications deemed most affected by digital signage are backlit (24%), billboards (18%) and POP graphics (13%). There was strong agreement with the statement “My company is investigating ways to participate in digital signage advertising.”
FESPA
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