PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358165
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358165
The global printed signage market is projected to reach around US$ 52.9 Tn by 2030, exhibiting a CAGR of 3.0% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2022 | Market Size in 2023: | US$ 41.82 Tn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 3.00% | 2030 Value Projection: | US$ 52.9 Tn |
Printed signage is used for a variety of applications including advertising, public relations, and marketing. Printed signage can also help retail stores in attracting more shoppers by offering new seasonal products.
Printed signage is widely used in the financial sector, which is growing at a rapid pace. Increasing population and demand for ATMs (Automated teller Machine) and other monetary services are driving the growth of this Market. The various types of signages used in this market include counter, bearing, and stopping. In addition, financial organizations are investing considerable sums in computerized signage. In addition to this, banks and insurance companies have incorporated several brand-advancing projects in this market.
Increasing manufacturer spending on increasing signage production and the growing usage of printed signage across shopping malls, retail stores, and other places over digital signage are fueling the growth of the Global Printed Signage Market. The growing trend of online shopping and increasing disposable income of consumers are other major factors propeling the market growth.
The market value is being driven by a combination of factors such as urbanization, modernization, and globalization. Furthermore, the retail industry's increased emphasis on expansion and substantial investments into advertising and marketing are likely to further contribute to the growth of the market. Other factors, that are likely to contribute to the market growth include an increase in research and development proficiency, an increase in the need for high-resolution and aesthetically pleasing printed signage at competitive prices worldwide, technological progress in printing technology and inkjet production, expansion of the e-commerce sector, and an increase in the number of interior design professionals.
On the other hand, growing competition from viable alternatives, such as digital signage, are anticipated to hinder the market growth during the forecast period.
Key features of the study: