Photofinishing in the US - Industry Market Research Report

Photofinishing in the US - Industry Market Research Report

Photofinishing in the US

Competition from social networks and photo-sharing platforms has depressed demand for Photofinishing industry services, as these companies benefit from cost advantages over strictly photofinishing businesses, which enables them to charge lower prices. While rising per capita disposable income and novel value-added products supported demand for industry services over the five years to 2019, overall industry revenue is expected to decline. Over the five years to 2024, the growth of photo merchandising is expected to benefit the Online Photo Printing industry (IBISWorld report OD5450) much more than it will the Photofinishing industry, providing little relief to the structural issues that industry operators experience.

The Photofinishing industry primarily develops digital images to produce customized prints, albums and other merchandise such as playing cards or mugs. Traditional photofinishing involves film processing and printing. Companies may also transfer physical copies of photographs to digital files. The industry excludes companies that offer their services exclusively online or stores that offer printing services in addition to their primary means of earning revenue.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.