1. What is the market size of the Promotional Products industry in the US in 2023?
The market size, measured by revenue, of the Promotional Products industry is $20.8bn in 2023.
2. What is the growth rate of the Promotional Products industry in the US in 2023?
The market size of the Promotional Products industry is expected to increase 0.9% in 2023.
3. Has the Promotional Products industry in the US grown or declined over the past 5 years?
The market size of the Promotional Products industry in the US has grown 0.9% per year on average between 2018 and 2023.
4. Is the Promotional Products industry in the US expected to grow or decline over the next five years?
See our full analysis of the Promotional Products industry in the US to understand if the industry market size is expected to grow or decline over the next five years.
5. How has the Promotional Products industryperformed compared with other US industries over the past five years?
The market size of the Promotional Products industry in the US grown slower than the economy overall.
6. How has the Promotional Products industry in the US performed compared with the Professional, Scientific and Technical Services sector in the US?
The market size of the Promotional Products industry in the US grew slower than the Professional, Scientific and Technical Services sector overall.
7. Where does the Promotional Products industry in the US rank in terms of market size in 2023?
The Promotional Products industry in the US is the 19th ranked Professional, Scientific and Technical Services industry by market size and the 417th largest in the US.
8. What factors affect growth of the Promotional Products industry in the US?
The primary negative factor affecting this industry is low barriers to entry, while the primary positive factor is number of businesses.
9. What is the biggest opportunity for growth in the Promotional Products industry in the US?
Changes in total advertising expenditure affect industry revenue, as an increase in business marketing budgets and advertising expenditure leads to heightened demand for promotional products. Total advertising expenditure will increase in 2023, representing a potential opportunity for the industry.
Data from https://www.ibisworld.com/