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If you are thinking of starting and building a business of your own in the very near future, there are many options available for you. Though many options may present themselves, not all of them will be able to yield much in terms of the return on investment. Apart from not yielding enough for your bottom line, there is the challenge on various issues with regards to financial matters, among other things.
Over the years, the copier and printer industry has seen more entrepreneurs entering the dealership business. Given the current growth rates recorded by the industry, the last couple of years have seen more entries. This is expected to increase over the next two years.
Industry analysts are predicting a bumper harvest for the industry as whole throughout the world. Overall, there is 21 billion up for grabs. Some of the countries that are likely to benefit immensely from this growth will include India, Brazil, Russia, China and South Africa.
According to the research by Global Industry Analysts, the demand for printers with digital capabilities is going to drive the market. Manufacturers continue to invest in research and product development to ensure that they are able to meet the expected increases in demand.
The expected increase is not surprising at all, given the efficiency and quality associated with digital copiers. It has the benefit of speeding the process of document and improving the level of productivity at the workplace. There is absolutely no need to make any batch changes when working on large volume of documents. This invariable have an effect on the cost factor of managing document production in the office environment.
Just to take a look at how the industry has grown region by region, you will realize that the general trend is that the global industry is doing well. The irony is that the industry is growing at a time when many industries are experiencing a beating as a result of the global economic downturn.
In the United States, it is expected that about 1.5 million copiers will be shipped. Most of these copiers will be digital copiers. In the United Kingdom, the industry has seen a lot of growth (13.5%) since 2005 to 2010. By the year 2014, document production equipment will be worth 3.5 billion dollars, according to Key Notes. In South Africa, the trend has been upward and is expected to continue.
Most of the products that are making inroads in the South African market in particular include Xerox, Canon, Konica Minolta, HP and Sharp photocopiers, just to mention a few.
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