While businesses under a massive swathe of sectors struggled with dropping sales due to novel coronavirus pandemic, global photo printing market raked at a standard level as demand soared. On this, a newly compiled market research report from Market Research Future says that the global photo printing market to gain a net profit jump of 26,113.0 million by 2023. It is set to go up with CAGR of 7.2% over the forecast period 2018-2023, as the market a few decades ago was on revenue of USD 13,125.4 million (2017).
Top Players of Global Photo Printing Market are:
Snapfish (US), Cimpress (Netherlands), Mpix (US), Digitalab (UK), Eastman Kodak Company (Japan), AdorPix LLC (US), Perion Network Ltd (Israel), Bay Photo Lab (US), Shutterfly, Inc. (US), and ProDPI (US).
Covid 19 Pandemic Ourbreak on Photo Printing Market with Complete Table of Content and Free Sample at:
Top Impacting Factors:
E-Commerce is a giant platform that is expanding at an unparalleled rate worldwide. Consumers prefer to shop from various e-stores, irrespective of age, and are inclined toward customized products and solutions. Online shopping is far more convenient than physical shopping as a lot of websites offer photo printing solutions globally. It has incrementally become convenient and finding anything solely on an e-store that a consumer wishes to buy immediately.
In the coming years, the e-commerce sector will more and more expand at a most significant pace of all time on the back of significant current and upcoming technologies. The rate of online shopping has been increasing at an exponential rate, and this is driving the e-commerce industry as well as photo printing market at a prominent extent. The websites providing photo printing services are progressively involved in entirely customizing the articles and also offer a pictorial representation of the final product. This has created interest among the target audience as they get to know the illustration of the end product and can further modify the requirements. Thus, the booming e-commerce sector is exceptionally propelling the market for photo printing worldwide.
On the other hand, customers have access to numerous photo editing social media sites for easy editing and customizations. As seen, the growing demand for 3D images is influencing vendors for installing the latest technologies and innovative products by delivering customers with gifting products. The emergence of these products has shown high propellant growth of the global photo printing market. Additionally, the lenticular painting is gaining most of the prominence in the gift accessories segment. This growing demand is also augmenting the growth of the global photo printing market.
Furthermore, many substantial businesses are using desktops as printing services for fulfilling the demand for large commercial photo printing requirements. As businesses are incompetent for affording the expensive mobile interface and innovative photo printing techniques as one of the key trends, like HD, Full HD, UHD pictures and more, they are heading for photo printing technique, which is towering the growth of the global photo printing market.
Segmentation wise, the global photo printing market is being studied under the segments of type, device type, and end-use application.
Based on the type segment, the market has included digital printing and film printing.
By the segment of printing device type, there are mobile type and desktop type present under it.
Based on end-use application segment, the market has included instant kiosk, online stores, retail, and over-the-counter.
Europe, North America, Asia-Pacific, and the Rest of the World are the regions studied for understanding market dynamics for photo printing globally.
North America took hold of the significant market share in the year 2017 owing to the mounting trend of content sharing over social media platforms, which has ultimately impacted the expansion of photo printing market.
Moreover, the buying rate of mobile/portable photo printers for individual use in the US and Canada is high, which leads to the development of this market. Furthermore, Asia-Pacific is also expected to be the fastest-growing region in the assessment period as the novelty in digital cameras by companies such as Sony Corporation and Panasonic Corporation have enabled the consumers to directly print their photos on merchandise cards, albums, mugs, wall decor, and gifts. The Photo Printing Market in China is likely to inflate at an elevated rate than most of the countries in North America and Europe at an average year on year growth of almost by 20%.
Table of Content:
1 Executive Summary
1.1 Market Summary
2 Market Introduction
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Forecast Model
4 Market Dynamics
4.2.1 Rising Adoption Of Photo Printing Products And Services
4.2.2 Shift Towards Variable Data Print And Customization
4.3.1 High Cost Associated With The Installation And Maintenance Of Self-Printing Kiosk
4.4.1 Integration Of Artificial Intelligence In Digital Printing
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