Digital technology developments have impacted the field of photography and its applications in several ways. Technology has made it possible for photo-capturing devices to be small and compact and yet give magnificent results for which bulky cameras and heavy devices were previously needed; owing to this, photography has impacted society in multiple ways. It has enabled an individual to capture moments and events in high-resolution pictures with just a mobile phone or a small compact camera.
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Global Photo Printing and Merchandise Market is expected to reach USD 27.395.26 million by 2028 from USD 16,866.35 million in 2020, growing with a CAGR of 6.5% in the forecast period of 2021-2028. The major factors driving the growth of the photo printing and merchandise market are increased usage of mobile devices for high-resolution pictures and surging growth in e-commerce. The high cost of installing and maintaining self-printing kiosks is projected to restrain the photo printing and merchandise market.
The increasing usage of mobile devices for high-resolution pictures across the world will drive the market's growth rate
The increase in smartphone technology and rapid technological developments in mobile cameras have led to users taking more pictures with high quality. Users are using smartphones instead of cameras, which now have comparably good camera quality. It has become simpler and more affordable to capture moments, save them, personalize them and print them at the touch of your fingers. Mobile devices or smartphones give users instant access to a picture whenever needed. It allows them to share a photo with a large group of people at any time.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Calendars, Cards, Mugs, Photo Books, Photo Gifts, Prints, T-Shirts, Wall Arts and Others), Printing Type Model (Digital Printing and Film & Offset Printing), Device (Desktop and Mobile), Distribution Channel (Instant Kiosk, Online Stores, Retail Stores and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bay Photo Lab (U.S.), Printique LLC (U.S.), WhiteWall (Germany), Cardfactory (U.K.), HALLMARK LICENSING, LLC (U.S.), Kodak Alaris Inc. (U.K.), AGC, LLC. (U.S.), Cimpress (Ireland), District Photo, Inc. (U.S.), Photobox (U.K.), JONDO Ltd (U.S.), MILLER'S PROFESSIONAL IMAGING (U.S.), RitzPix (U.S.), Nations Photolab (U.S.), Smartphoto Group (Belgium), and Walgreen Co. (U.S.) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour
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Segment Analysis:
The global photo printing and merchandise market is segmented into four notable segments based on product, printing type model, device, and distribution channel.
- On the basis of product, the global photo printing and merchandise market has been segmented into calendars, cards, mugs, photo books, photo gifts, prints, t-shirts, wall arts and others. In 2021, photo books segment is expected to dominate the global photo printing and merchandise market with 26.33% market share as many photos can be grouped and arranged to make a memory lane. Moreover, photo books have high demand in marriages as wedding albums and college and school as yearbooks.
- On the basis of printing type model, the global photo printing and merchandise market has been segmented digital printing and film & offset printing. In 2021, film & offset print segment is expected to dominate the global photo printing and merchandise market with 59.20% market share as it produces sharp and clean images and is the cheapest method for producing high-quality prints in commercial printing quantities. Moreover, offset handles a variety of larger sizes that digital can't often accommodate.
- On the basis of device, the global photo printing and merchandise market has been segmented into desktop and mobile. In 2021, desktop segment is expected to dominate the global photo printing and merchandise market with 70.15% market share as it provides ease of working and provides multiple functions to operate and edit the images. Desktops are compatible with mostly all kinds of printers, and large quantities of prints can be operated on desktops.
The desktop segment will dominate the device segment of the photo printing and merchandise market
The desktop segment will emerge as the dominating segment under device with approximately 70% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the FMCG all around the globe will further bolster the growth of this segment.
- On the basis of distribution channel, the global photo printing and merchandise market has been segmented into instant kiosk, online stores, retail stores and others. In 2021, retail stores is expected to dominate the global photo printing and merchandise market with 47.55% market share as it is the most convenient form of a readily available store for a larger population. Still, large quantities of merchandise are sold through retail shops as it has a well-connected network of loyal customers and distributors.
The retail stores segment will dominate the distribution channel segment of the photo printing and merchandise market
The retail stores segment will emerge as the dominating segment under distribution channel segment. This is because of the growing number of retail stores in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in power plant boiler market: Bay Photo Lab (U.S.), Printique LLC (U.S.), WhiteWall (Germany), Cardfactory (U.K.), HALLMARK LICENSING, LLC (U.S.), Kodak Alaris Inc. (U.K.), AGC, LLC. (U.S.), Cimpress (Ireland), District Photo, Inc. (U.S.), Photobox (U.K.), JONDO Ltd (U.S.), MILLER'S PROFESSIONAL IMAGING (U.S.), RitzPix (U.S.), Nations Photolab (U.S.), Smartphoto Group (Belgium), and Walgreen Co. (U.S.).
Market Development
- In 2020, WhiteWall launched a new WhiteWall Masterprint, a fine art printing technique. This technique has enabled the galleries and professional photographers to display their large artworks with brilliant colour quality. This has enhanced the company's presence among the galleries and professionals and strengthen its product offering
- In 2020, SAMSUNG launched a smartphone having the highest resolution camera with a 108-megapixel sensor and 100x zoom. This has increased the accessibility to high-resolution cameras for users and has resulted in more convenient picture capturing for social events
- In 2021, Nike announced that it would launch its new Nike SB Dunk High "T.V. Signal" collection of shoes in the market. The boots have lenticular prints on their collar as their significant design feature. The lenticular print combines green, blue, yellow, red and purple stripes to give a "no-signal" screen callout effect
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in photo printing and merchandise market during the forecast period 2021 to 2028
North America is the dominant region in the market for photo printing and merchandising services due to the huge number of companies present, the variety of product offerings made for picture printing and merchandise by businesses.
Asia-Pacific is estimated to be the fastest-growing region in photo printing and merchandise market the forecast period 2021 to 2028
Asia-Pacific will score the highest growth rate during the forecast period due to new innovations in photo printing and merchandise printing items and extensive use of merchandise printed products and picture printing.
COVID-19 Impact
Beginning in 2020, the COVID-19 illness spread globally, affecting countless people in total, and major governments all around the world issued orders for work stoppages and foot restrictions. Most undertakings have been greatly harmed, and photo printing and merchandise ventures have been seriously hit, aside from the clinical supplies and life support items companies.
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