Photo Printing & Merchandise Market is projected to Reflect 4.9% CAGR throughout 2016-2026
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Firstly, manufacturers of photo printing merchandise are expected to maintain more focus on introducing kiosks for increasing marketing exposure. Companies like Fujifilm Group have already deployed their SmartPix photo kiosks across various commercial settings such as supermarkets, malls and camera shops, and have also augmented them with enhanced connectivity features. Instating NFC capabilities in photo printing kiosks can be also observed as another promising opportunity for manufacturers to generate interest among customers towards conventional photo printing.
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Although, almost half of global photo printing & merchandise revenues are likely to be coming from online sales. While instant kiosks account for less than 10% of the market value, online distribution of photo printing & merchandise will bringing more than US$ 12.2 Bn revenues through 2026. Meanwhile, distribution of photo printing & merchandise through retail channels will be scaling down rigorously, exhibiting a negative 1.6% CAGR during the forecast period.
The report has analysed that in 2016, an estimated one-third of global photo printing & merchandise revenues emanated from sales of film printing. This indicates that a majority of consumers are preferring digital printing merchandise. Also, over the forecast period, the report projects an impressive growth in demand for mobile application-based photo printing. Desktop applications are expected to lose out to mobile applications as this mode of printing is projected to register a comparatively faster revenue growth at 4.9% CAGR.
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The report also predicts fastest revenue growth in the Asia-Pacific excluding Japan region – 3.9% CAGR. North America is also expected to dominate with nearly one-fourth stake in global revenues, although the region is likely to lose out its presence beyond 2020. Leading manufacturers of photo printing & merchandise, profiled in the report, include Sanpfish, Eastman Kodak Company, Cimpress NV, Bay Photo Inc., Digitalab, AdoramaPix LCC, Shutterfly, Inc., and Mpix.
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