Report about the Book Printing Manufacturers from 2010 to 2022
Do you want to know what has happened for the book printing establishments from 2010-2022? Following are the report about book printing manufacturers since 2010-2022. If you want to learn more information, let’s follow our steps to have a look as follows.
According to the latest, recently released edition of County Business Patterns, in 2022 there were 385 establishments in NAICS 323117 (Books Printing). This represents an decrease of 28% since 2010—although establishments were up from 2021 to 2022. In macro news, Q4 GDP was up 2.3%.
The latest edition of County Business Patterns was recently released, which includes 2022 data.
As 2022 began, there were 385 establishments in NAICS 323117 (Books Printing). This represents an decrease of 28% since 2010, although there was a growth of 15 establishments from 2021 to 2022. You can see that book printing establishments were up and down throughout the decade, the ebbing and flowing in this business category reflecting the old story of consolidation as well as the results of both shop diversification and specialization. Today’s equipment (production inkjet in particular) can produce a variety of print products, so shops don’t have to stick to any one particular niche the way they used to. So some quantity of “book printers” may not consider themselves just book printers, and thus they classify themselves as general commercial printers or some other business category that better describes what they do. It also goes in the other direction: books have remained a perennially popular print product—especially during and since the pandemic lockdown—and as more book production moves to the digital on-demand variety, it can be a significant niche to pursue all on its own. Books also lend themselves to more dedicated workflows (highly integrated text printing, cover printing, binding, shipping) so it often makes sense to dedicate production solely to books, especially if the volume is there.
Unlike other printing categories, book printing establishments are not as concentrated at the lower end of the employee-count spectrum. Small shops (1 to 9 employees) still comprise the bulk of the book printing industry, but only account for 61% of all establishments. The largest shops account for almost one-fifth (18%) of industry establishments with mid-size shops also accounting for 22% of establishments.
These counts are based on data from the Census Bureau’s County Business Patterns. Throughout this year, we will be updating these data series with the latest CBP figures. County Business Patterns includes other data, such as number of employees, payroll, etc. These counts are broken down by commercial printing business classification (based on NAICS, the North American Industrial Classification System):
32312 (Support Activities for Printing—aka prepress and postpress services)
These data, and the overarching year-to-year trends, like other demographic data, can be used not only for business planning and forecasting, but also sales and marketing resource allocation.
The Bureau of Economic Analysis announced yesterday:
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.
The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.
Compared to the third quarter, the deceleration in real GDP in the fourth quarter primarily reflected downturns in investment and exports. Imports turned down.
In 2024, real GDP increased 2.8% in 2024 (from the 2023 annual level to the 2024 annual level), compared to an increase of 2.9% in 2023. “The increase in real GDP in 2024 reflected increases in consumer spending, investment, government spending, and exports. Imports increased.”
The Q4 figure was generally below economists’ expectations. With one exception: The Atlanta Fed’s GDPNow forecast of Q4 GDP had been running around 3.2%—then, on January 29, it dropped to 2.3%. A day later, the official number was 2.3%. Nailed it!