The Latest Print On Demand Industry Statistics Explained
The global print on demand market size was valued at USD 19.6 billion in 2020.
The statistic that states “The global print on demand market size was valued at USD 19.6 billion in 2020” indicates the total monetary value of the print on demand industry worldwide during the year 2020. This figure represents the revenue generated from the production and sale of customizable products such as apparel, accessories, and home goods that are manufactured on demand as per customer orders. The significant market size highlights the growing popularity and adoption of print on demand services by businesses and consumers, driven by factors such as customization, convenience, and e-commerce trends. Additionally, this statistic suggests a lucrative opportunity for businesses operating in this sector and underscores the continued expansion and potential for further growth in the print on demand market.
The world Print on Demand fulfillment market is expected to reach a value of USD 32 billion in 2026.
The statistic indicates that the global Print on Demand fulfillment market is projected to grow significantly over the next few years, reaching a value of USD 32 billion by 2026. Print on Demand services allow for products, such as books, apparel, and artwork, to be produced only when there is demand for them, reducing the need for large inventories and minimizing waste. This growth forecast suggests a rising demand for customizable and unique products, as well as a shift towards more sustainable and cost-effective manufacturing processes. The increasing popularity of e-commerce and digital platforms also likely contribute to the expected expansion of the Print on Demand fulfillment market in the coming years.
The growth rate of the print on demand market is approximately 9.1% during the forecast period of 2021-2026.
The statistic “The growth rate of the print on demand market is approximately 9.1% during the forecast period of 2021-2026” indicates that the print on demand market is expected to experience a substantial increase in size over the specified five-year period. A growth rate of 9.1% suggests that the market is expanding at a healthy pace, with demand for print on demand services rising steadily. This information is valuable for investors, businesses, and policymakers as it provides insight into the potential opportunities and trends within the print on demand industry, allowing them to make informed decisions and strategies based on the projected growth trajectory.
In North America, the print-on-demand industry was valued at USD 7.6 billion in 2020.
The statistic “In North America, the print-on-demand industry was valued at USD 7.6 billion in 2020” indicates the total economic worth of the print-on-demand sector in the region during that particular year. This value reflects the revenue generated by businesses within the print-on-demand industry through the custom printing and fulfillment of products, such as apparel, accessories, and home goods, on an as-needed basis. The significant valuation of USD 7.6 billion underscores the growing popularity and market demand for personalized and customizable products among consumers, as well as the expanding role of e-commerce platforms and digital technologies in enabling the print-on-demand business model to thrive. This statistic can serve as a metric for tracking the industry’s growth, assessing its economic impact, and informing strategic decision-making for stakeholders within the print-on-demand sector and related industries in North America.
Over 1.6 billion custom-designed products have been bought and sold through Printify since its inception.
The statistic that over 1.6 billion custom-designed products have been bought and sold through Printify since its inception indicates the substantial scale and success of the platform in the custom product market. This figure reflects the high level of customer engagement and transaction volume on Printify, highlighting its popularity among consumers seeking personalized merchandise. The statistic also suggests a strong demand for custom-designed products and the platform’s ability to effectively facilitate transactions between buyers and sellers. Overall, this statistic underscores Printify’s significant impact and presence in the custom product industry.
52% of small businesses say they plan to outsource various business services, including print-on-demand, in the next five years.
The statistic indicates that a significant portion, specifically 52%, of small businesses have outlined intentions to outsource a range of business services, such as print-on-demand, in the coming five years. This suggests a growing trend among small businesses to delegate certain tasks to external service providers rather than handling them in-house. Outsourcing can be a strategic decision for businesses seeking to streamline operations, reduce costs, tap into specialized expertise, or focus on core activities. The statistic points towards a shift in the business landscape towards a more collaborative and efficient approach to conducting operations among small businesses.
The overall cross-border online shopping market in which POD plays a significant role is projected to reach $424 billion by 2021.
The statistic indicates that the cross-border online shopping market, where Print-on-Demand (POD) services are a significant factor, is predicted to grow and reach a total value of $424 billion by the year 2021. This suggests a substantial increase in the popularity and usage of cross-border online shopping platforms that provide POD services for customized and on-demand products. The projected value reflects the expanding market opportunities and demand for personalized and unique products through online channels, with POD playing a crucial role in facilitating such transactions and serving as a key contributor to the overall market growth in the e-commerce sector.
86% of retail sales in the USA still happen in brick-and-mortar stores, giving an edge for POD with physical products.
The statistic stating that 86% of retail sales in the USA still occur in brick-and-mortar stores suggests that traditional physical stores continue to dominate the retail landscape despite the rise of online shopping. This insight implies that there is still a significant market opportunity for businesses that offer physical products through traditional storefronts, emphasizing the importance of maintaining a physical presence for products to reach a wide customer base. This statistic underscores the enduring relevance and appeal of in-person retail experiences, highlighting the advantage that businesses with physical products have over purely online retailers in capturing a significant portion of consumer spending.
One company, TeeSpring, saw sales at 36% over their goal during Q2 of 2020 due to new POD offerings.
The statistic indicates that TeeSpring, a company that offers print-on-demand (POD) services, experienced a significant increase in sales during the second quarter of 2020. Specifically, their sales exceeded their goal by 36%, which implies that they sold 36% more products than they had anticipated. This impressive performance can be attributed to the introduction of new POD offerings by TeeSpring, which likely generated increased interest among customers and drove higher sales volumes. Overall, the statistic highlights TeeSpring’s successful business strategy and ability to adapt to market demands by expanding their product offerings to meet customer needs.
Over 90% of Printify’s borderless inventory in 2019 was apparel, demonstrating demand for clothing in the industry.
The statistic indicates that more than 90% of Printify’s borderless inventory in 2019 consisted of apparel products, suggesting a strong preference for clothing items within the industry. This data highlights a significant trend where the majority of the products offered by Printify, a company that provides on-demand printing services, were related to apparel. The high proportion of apparel items in their inventory points towards a clear demand for clothing products among consumers during that period. This insight can be valuable for understanding market preferences and informing strategic decisions related to product offerings and inventory management within the apparel industry.
The eCommerce segment, which utilizes print-on-demand, is expected to reach a CAGR of 9.24% from 2021 to 2028.
This statistic indicates the projected growth rate of the eCommerce segment that utilizes print-on-demand services between 2021 and 2028. The Compound Annual Growth Rate (CAGR) of 9.24% suggests that the industry is expected to experience a steady and consistent increase in revenue over the specified time period. This growth rate signifies a positive outlook and potential opportunities for businesses operating in the eCommerce sector, particularly those utilizing print-on-demand services. Factors such as increasing consumer demand for customized products and the convenience of on-demand printing are likely driving this projected growth.
The percentage of e-customers willing to pay more for same-day delivery—a feature characterized by the POD industry—has increased from 49% in 2014 to 61% in 2018.
The statistic indicates the changing behavior of e-customers regarding their willingness to pay a premium for same-day delivery services offered by the Post-On-Demand (POD) industry. The increase from 49% in 2014 to 61% in 2018 signifies a significant uptrend in consumer preference for immediate delivery options. This shift suggests a higher value being placed on convenience and speed of delivery by online shoppers over the years. The rise in the percentage of customers willing to pay extra for same-day delivery points towards a potentially lucrative market opportunity for e-commerce businesses to cater to this demand and provide enhanced services to attract and retain customers who prioritize fast delivery options.
At 37%, the United States is the largest market for the print-on-demand industry.
The statistic “At 37%, the United States is the largest market for the print-on-demand industry” indicates that the United States accounts for 37% of the total market share in the print-on-demand industry. This suggests that the demand for print-on-demand services, where products are produced as they are ordered rather than in bulk, is particularly strong in the United States compared to other countries. This high market share could be attributed to various factors such as the large consumer base, the popularity of customized products, and the accessibility of online platforms for ordering personalized goods. As the leading market in this industry, the United States plays a significant role in driving innovation, competition, and overall growth within the print-on-demand sector.
Europe is the second largest market for print on demand services, with a recorded value of 28%.
The statistic stating that Europe is the second largest market for print on demand services, accounting for 28% of the market share, indicates the significant presence and influence of Europe in the print on demand industry. This figure reflects the strong demand for print on demand services in Europe, highlighting the region’s growing popularity in this sector. As the second largest market, Europe plays a crucial role in driving the growth and development of the print on demand market globally, showcasing the region’s potential as a key player in the industry.
More than half (54%) of online shoppers said they would prefer to buy products printed with their own designs.
The statistic indicates that a majority of online shoppers, specifically 54%, have expressed a preference for purchasing products that can be customized with their own designs. This finding suggests a growing trend towards personalization and individuality among consumers in the online shopping arena. The high percentage highlights a substantial market demand for customizable products and suggests that businesses offering this feature may be well-positioned to cater to the preferences of online shoppers. This statistic underscores the importance of offering customization options as a key selling point to attract and retain customers in the competitive e-commerce landscape.
A significant contributor to the print on demand industry growth is the publishing market, which is expected to reach $34.7 billion by 2024.
The statistic suggests that the print on demand industry is experiencing notable growth, with the publishing market playing a significant role in driving this expansion. The projection of the publishing market reaching $34.7 billion by 2024 indicates a promising outlook for the industry, fueled by factors such as increasing digitalization, consumer demand for customized products, and advancements in technology. This growth is likely to benefit the print on demand sector as publishers seek more efficient and cost-effective ways to produce and distribute their materials. Overall, the statistic implies a positive trend for the print on demand industry, with the publishing market acting as a key driver of this progress.
Just under half of online consumers (45%) said the ability to design unique, personalized products significantly increases their intent to purchase.
The statistic states that nearly half, specifically 45%, of online consumers believe that having the capability to design customized and personalized products significantly influences their likelihood to make a purchase. This finding suggests that there is a substantial portion of consumers who place a high value on being able to create products tailored to their preferences and needs. Such a customization feature appears to play a crucial role in driving consumer interest and purchase intent in the online retail space. As a result, businesses that offer personalized product design options may have a competitive advantage in attracting and retaining customers who prioritize individualization and unique experiences in their shopping journey.
42% of U.S. consumers have bought print-on-demand products at some point.
The statistic of 42% of U.S. consumers having bought print-on-demand products at some point suggests a significant level of consumer engagement with this industry. Print-on-demand products are items that are created and customized based on individual orders, offering personalized goods to consumers. The fact that almost half of U.S. consumers have engaged with this market indicates a strong interest in unique and custom items. This statistic also highlights the growing popularity of print-on-demand services as a viable business model and a successful way to cater to consumer preferences for personalized products.
Print-on-demand book printing was estimated to be a $1.7 billion global market in 2015.
The statistic that print-on-demand book printing was estimated to be a $1.7 billion global market in 2015 indicates the substantial size and economic significance of the print-on-demand industry within the publishing sector during that particular year. This figure illustrates the value and demand for print-on-demand services, where books are only printed as orders are received, thus reducing the need for large print runs and storage costs. The $1.7 billion market size suggests that print-on-demand has become a key player in the book printing industry, offering publishers and authors cost-effective and flexible solutions for producing physical books, contributing to the overall growth and evolution of the global publishing industry.
References
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