Photo Booth/Kiosk Market is expected to grow USD 7,472.4 Million at a CAGR 9.7% during the forecast 2022-2030
The global Photo Booth/Kiosk market is estimated to register a CAGR of over 9.7% to reach USD 7,472.4 Million by the end of 2030.
Photo booth is a digital vending machine consist of camera and film processor specifically used for capturing photographs for official documents and entertainment purposes. In the recent few years, photo booths market has expanded owing to its simple business model. Photo booths have become popular owing to its adoption in weddings, parties, corporate events and in government services. Photo booth companies mainly offer rental services on hourly basis, hence majorly contributing in the market growth. The primary equipment required for photo booth are camera, background, props and other devices such as printer and software, hence resulting in low investment supporting many new entrants in the market. Photo booths are mainly used to capture photos for official documents such as passports, driving license and other documents. Besides this, it has gained huge popularity in wedding, parties and other entertainment occasion, thereby propelling the market growth.
COVID-19 Impact vs Opportunities for Global Photo Booth/Kiosk Market:
The pandemic witnessed several governmental and commercial impacts, including business slowdowns or shutdowns and significant travel restrictions. These events led to a significant decline in both global economic activity and financial market valuations. As a result, the Photo booth/kiosks companies have not only witnessed operational disruption but also reduced customer demand, especially in Asia-Pacific.
High demand for photo booths/kiosks for capturing moments on numerous occasions such as wedding parties and corporate events is likely to drive the industry growth.
Many manufacturers are now acquiring or collaborating/partnering with software providers to build software design capability to develop and offer a complete interactive solution consisting of hardware, application software, and related services. These kiosks are used for interactive advertisements, online shopping, sharing community information, travel, and weather details, as well as wayfinding, advertising, entertainment, tourist information, among others.
High demand for photo booths/kiosk market for capturing moments on numerous occasions such as wedding parties and corporate events is likely to drive the industry growth.
These kiosks are used for interactive advertisements, online shopping, sharing community information, travel, and weather details, as well as wayfinding, advertising, entertainment, tourist information, among others.
Value Chain Analysis
The Global Photo Booth/Kiosk market is growing significantly and will likely continue to grow. The market growth is attributed to the increasing inclination towards self-service interactive kiosks and developments in imaging technology globally. The supply chain analysis for the global photo booth/kiosk market comprises various levels, which start with the Raw Material suppliers, component suppliers, system assemblers, sales & distribution, and end users. The figure below outlines the supply chain for the global photo booth/kiosk market.
Photo Booth/Kiosk Market Segment Overview
The global Photo Booth/Kiosk market has been segmented on the basis of product type, component, application and region.
The global Photo Booth/Kiosk market, based on product type has been segmented into photobooth and phot kiosk. The photo booth segment is further bifurgated into open air photobooths, enclosed phot booths and mirror phot booths. Whears, based on photo kiosk the market is bifurcated into mini photo kiosk and photo kiosk stand. The photo bootth accounted for the largest market share in 2021 and is projected to grow at a CAGR of 9.0% during forecasted period.
The global Photo Booth/Kiosk market, based on component, has been segmented into hardware, software and services.
The global Photo Booth/Kiosk market, based on application, has been segmented into pharmaceutical stores, grocery and convenience stores, electronics stores and others.
The global Photo Booth/Kiosk market has been studied across Asia-Pacific, North America, Europe, Middle East & Africa, and South America.
North America holds the largest market share in 2021, due to the benefits of smaller space requirement, modern design, and the availability of several backdrop options. These booths are widely adopted in events with limited space such as weddings, birthday parties, and corporate events. It allows users to select a backdrop that matches their wedding or event theme. The capability of housing many people into a photo has resulted in their increased adoption in parties and branding events. Photo booth rental services have become popular in United States and Canada for wedding receptions, bar, parties and other private and public events.
Europe is the fastest growing market to presence of established market players that are continuously expanding their presence across the region is poised to drive the market revenue.
The global market for Photo Booth/Kiosk is projected to witness healthy growth during the forecast period, owing to the increasing need for photo booths/ kiosks during events.
Key players operating in the global Photo Booth/Kiosk market include Eastman Kodak Company (Kodak) (US), Olea Kiosks Inc.(US), Dai Nippon Printing Co., Ltd. (Japan), Fujifilm Holdings Corporation (Japan), Mitsubishi Electric Corporation (Japan), HiTi Digital, Inc. (Taiwan), Photo-Me International plc (UK), Toshiba Corporation (Japan), Photobooth Supply Co. (US), Dakis Decision Systems Inc. (Canada), Global Display Solutions SpA (Italy), PhotoBooth Vending (UK), TapSnap (Canada), ATA Photo Booths (US), and KIOSK Information Systems (US).
Global Display Solutions unveiled its new EMS Factory in Tunisia. The GDS Tunisia factory was designed with flexibility in mind, allowing for the production of a wide range of electronic boards, including Smart Interfaces, digital power modules, and electronic for IOT solutions. On June 2022
Eastman Kodak Company and West World Paper (WWP) announced that as part of a reseller arrangement, West World Paper would supply Kodak commercial print solutions and also provide Kodak's whole array of cutting-edge goods, including CTP, workflow software, digital print solutions, and kodak sonora process free plates, to Western Canadian commercial print customers as a complement to Kodak's Canadian sales efforts. On June 2021
Olea Kiosks announced the development of its engineering and manufacturing capabilities in Los Angeles, California. This expansion empowers Olea to continue to grow its customer base, partnerships, and OEM relationships to deliver faster time to market and greater operational agility. On January 2021
Kodak signed Graphco for the whole spectrum of print solutions it offers as a reseller. Kodak has given Graphco the responsibility of distributing the whole range of Kodak prepress, CTP, digital and inkjet printing, software solutions, and printing plates. On July 2022
Toshiba revealed an innovative new addition to its lineup of self-service point-of-sale solutions. The Pro-X Hybrid Kiosk, intended for the retail setting, provides an appealing, small, and affordable touchpoint that can be deployed almost anywhere. As a result, businesses have more freedom and flexibility when designing their stores, while customers benefit from having digital checkout options. On august 2021
As per MRFR, the global Photo Booth/Kiosk market has been growing significantly over the past few years. The global Photo Booth/Kiosk market has been segmented on the basis of product type, component, application and region.. Based on region, the photo booth/kiosk market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Objective of the Study
Scope of the Report
|Market Size||2030: USD 7,472.4 Million|
|CAGR||9.7% CAGR (2022-2030)|
|Historical Data||2018 to 2030|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product type, component, application and region.|
|Geographies Covered||North America, Europe, Asia-Pacific, Middle East & Africa, and South America|
|Key Vendors||Eastman Kodak Company (Kodak) (US), Olea Kiosks Inc.(US), Dai Nippon Printing Co., Ltd. (Japan), Fujifilm Holdings Corporation (Japan).|
|Key Market Opportunities||Increasing neeed for photo booths/kiosks during events|
|Key Market Drivers||Increased inclination towards self service interactive kiosks Development of imaging technology|
The global Photo Booth/Kiosk market has been growing rapidly from the past few decades and is expected to reach USD 7,472.4 Million by 2030, at a CAGR of 9.7% during the forecast period.
Eastman Kodak Company (Kodak) (US), Olea Kiosks Inc.(US), Dai Nippon Printing Co., Ltd. (Japan), Fujifilm Holdings Corporation (Japan). are expected to be the major competition in the Photo Booth/Kiosk market during the projected period.
The Photo Booth segment is expected to drive the market during the forecasted period.
The North America region is expected to be the largest market for Photo Booth/Kiosk market during the forecast period.
cybersecurity Risks may slow the growth of the Photo Booth/Kiosk market during the forecast period.