NEW YORK, April 25, 2022 /PRNewswire/ -- The photo printing and merchandise market share is estimated to grow by USD 5.35 billion from 2020 to 2025, and the market's growth is anticipated to accelerate at a CAGR of 4.94%. Factors such as the rise in gifting culture are significantly driving the photo printing and merchandise market.
The report on "Photo Printing and Merchandise Market by Product, Device, Distribution Channel, and Geography - Forecast and Analysis 2021-2025" has extensively covered factors influencing the parent market growth potential in the coming years. These factors will determine the levels of growth of the market share during the forecast period.
Photo Printing and Merchandise Market key highlights
Photo Printing and Merchandise Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.94% |
Market growth 2021-2025 |
USD 5.35 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.02 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 44% |
Key consumer countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amazon.com Inc., American Greetings Corp., Card Factory Plc, Cimpress Plc, District Photo Inc., Eastman Kodak Co., Prodigi Group Ltd., Shutterfly Inc., Tesco Plc, and Walmart Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
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Photo Printing and Merchandise Market Driver
The evolution of the gifting culture has led to a rise in the sale of photo printing and merchandise. The trend of digitalization across the world and the growing number of Internet users are propelling the gifting landscape across the world. The availability of online retailing is increasing, which makes it easier for consumers to browse through and choose products from a variety of options. This is likely to fuel the growth of the global photo printing and merchandise market.
Photo Printing and Merchandise Market challenge
The proliferation of online photo storage websites has affected the global photo printing and merchandise market. Furthermore, there has been a rise in the demand for digital photo frames among consumers. The rise in the availability of such options is reducing the need to print photos. This might restrict the growth of the global photo printing and merchandise market.
View a report sample for extensive insights on key market Drivers, Trends, and Challenges influencing the photo printing and merchandise market.
Key market vendors insights
The photo printing and merchandise market is fragmented. Vendors are using growth strategies such as acquiring smaller and regional players to expand their global reach and stay ahead of the competition.
Some of the key market vendors are:
For more insights on products offerings and the growth strategies adopted by vendors, Download a sample report
Key Segment Analysis by Product
The photo only segment will account for a major share of the photo printing and merchandise market during the forecast period. The potential of the market for photo printing has increased with a rise in the number of digital photographs.
Regional Market Analysis
North America will account for 44% of the photo printing and merchandise market share growth during the forecast period. The US and Canada are the key countries for the photo printing and merchandise market. The growth of the gifting culture will drive the photo printing and merchandise market growth in North America during the forecast period.
Request our report sample for more highlights on key segments and their impact on the market during the forecast period.
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Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
Market Segmentation by Device
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Technavio
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Contacts
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SOURCE Technavio
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