06-Feb-2020 | Facts and Factors
Facts and Factors has authored “Photo Printing and Merchandise Market By Type (Desktop and Mobile) and By Distribution Channel (Retail, Over the Counter, Online and Instant Kiosk): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026”. Based on our analysis, the global photo printing and merchandise market in 2019 is approximately USD 17.14 billion and is anticipated to reach around USD 26.33 billion by 2026. The anticipated CAGR for the photo printing and merchandise market is around 6.3% from 2020 to 2026.
For its simplicity and portability, smartphones and laptops have been now overtaking desktops. Such apps include high-resolution cameras and many applications for better image processing by consumers. Mobile devices are constantly being used, leading to a significant increase in images, and are increasing the use of photo printing and merchandise. Increasing household adoption of the digital camera, there is a huge opportunity for imaging vendors to benefit from increased consumer demand for photo prints and related merchandise items. At this point, the demand for photo printing is so dynamic that any major developments could dramatically change the direction of the industry. Market leaders need to be able to track demand and price trends actively, predict growth areas, monitor technological breakthroughs and observe rapidly changing customer preferences to enhance consumer experience.
Browse the full “Photo Printing and Merchandise Market By Type (Desktop and Mobile) and By Distribution Channel (Retail, Over the Counter, Online and Instant Kiosk): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026” report at https://www.fnfresearch.com/photo-printing-and-merchandise-market
Picture printing and merchandise are described as the customized gifting and decoration of the different products on which images are reproduced. There are different types of retail items on which the process of photo printing is used such as tickets, mugs, calendars, clocks, t-shirts and others. The sector predicts a major shift focused on increased adoption of new things that would help market giants stand out in the competitive world.
There are numerous factors that drive market growth, such as enhanced disposable income among individuals, and technological advancements. Changing economic conditions around different nations, people around the globe have increased spending power by embracing innovative products to give them a way to improve their standard of living. In addition, the growing number of internet options due to digitization, rising e-commerce adoptions, producing 3D printing products, and increasing focus on creating customized gifts are some of the factors that drive market growth.
By type, the desktop segment dominated the global market with a share of nearly 70% owing to increased usage of desktops for this purpose. However, mobile segment is anticipated to register a significant growth owing to rising penetration of smartphones across the globe. In terms of distribution channel, the online segment dominated the market generating revenues worth nearly USD 5 billion in 2018. However, rapid penetration of instant kiosks at shopping complexes is expected to witness a significant growth over the forecast period.
Geographically, the global photo printing and merchandise market is bifurcated into Europe, North America, Central and South America, Middle East & Africa and Asia-Pacific. Asia-Pacific accounted for the largest share of nearly 33% in 2018 owing to huge population in China and India. Rising gifting culture, increasing disposable incomes and rising number of smaller players are some factors driving the growth of this region.
The major players profiled in this report include American Greetings, Shutterfly Inc., Walmart, Target Corporation, CaféPress Inc., Vistaprint, Walgreens Co., Snapfish, Smilebox and Hallmark Cards among others.
This report segments the photo printing and merchandise market as follows:
Global Photo Printing and Merchandise Market: By Type Segment Analysis
Global Photo Printing and Merchandise Market: By Distribution Channel Segment Analysis
Global Photo Printing and Merchandise Market: Regional Segment Analysis
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