Global Photographic Services Market to Reach $42.1 Billion by 2030
The global market for Photographic Services estimated at US$39.3 Billion in the year 2023, is expected to reach US$42.1 Billion by 2030, growing at a CAGR of 1% over the period 2023-2030. Portrait Studio Service, one of the segments analyzed in the report, is expected to record 1.2% CAGR and reach US$31.8 Billion by the end of the analysis period. Growth in the Commercial Studio Service segment is estimated at 0.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.6 Billion, While China is Forecast to Grow at 2.8% CAGR
The Photographic Services market in the U.S. is estimated at US$10.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2030 trailing a CAGR of 2.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.4% and 1.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately -0.5% CAGR.
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