Out of ink: Online technology and heavy competition will challenge industry revenue growth

Over the past five years, the dominance of digital cameras, ubiquity of online photo sharing and rising external competition have combined to gut the Photofinishing industry's revenue. These technological trends have caused consumers to demand fewer photofinishing services because, through these devices and platforms, they can share, display and manipulate pictures faster and inexpensively than sending them to a photofinishing lab. Over the next five years, companies will continue differentiating themselves by combining digital and film to produce high-end products...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-0.6%
Forecast Growth 18-23
Profit
Employment
24,763
Businesses
16,876
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The rising use of mobile photo-sharing applications will further reduce the need for industry services
  • New technological trends have caused consumers to demand fewer photofinishing services
  • Revenue will continue dropping as technology and online services dampen demand
  • Industry Report - Industry Investment Chapter

    The productivity per employee has skyrocketed as automated digital technologies have enabled nonemployers to take on more business. Additionally, most small players have minimal capital investment, as they typically already own the necessary equipment. With the rapid conversion of many photofinishing businesses to digital technology from traditional wet development, the investment in capital has increased over the years. Similarly, as operators moved into the photo merchandise segment, capital investments rose. Still, for every small nonemploying operators entering the industry, large highly-capitalized companies are exiting. IBISWorld expects that for every dollar invested in labor, $0.07 is spent on capital, marking this industry as a low capital-intensive industry. Wit...purchase to read more.

    Additional Insights for the Photofinishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Photofinishing Industry are

  • Ability to quickly adopt new technology
  • Production of goods currently favored by the market
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as International trips by US residents and Number of adults aged 50 and older in the Photofinishing industry impact industry performance..

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    What's in this report

    What is the Photofinishing Industry?

    The Photofinishing industry primarily develops digital images to produce customized prints, albums and other merchandise like 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.

    Industry Products
  • Consumer prints
  • Professional prints
  • Personalized products
  • Industry Activities
  • Film processing and development
  • Producing photographic prints
  • Producing photographic slides
  • Producing photographic enlargements
  • Digital image processing and printing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • International trips by US residents
  • Number of adults aged 50 and older
  • Number of mobile internet connections
  • Marriage rate
  • Per capita disposable income
  • Price of paper

  • Current Performance
  • Technology changing the frame
  • Escalating competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Substitution
  • Table: Photofinishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Photofinishing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Photography

  • Key Selling Industries
  • Camera & Film Wholesaling
  • Copier & Optical Machinery Manufacturing

  • Products & Services
  • Personalized products
  • Professional prints
  • Consumer prints
  • Chart: Photofinishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Other clients
  • Professional photographers
  • Chart: Major Market Segmentation for the Photofinishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Photofinishing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Photofinishing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Photofinishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Photofinishing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 50 and over (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Development
  • The process by which a negative from an analog camera is turned into a traditional print via darkrooms and specialized chemicals.
  • Image Processing
  • Digital printing on paper from an image's original form.
  • Postproduction
  • The period in which pictures are readied for presentation via digital or other means.
  • What Our Customers Say

    Why buy this report?

    The Photofinishing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Photofinishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Photofinishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Photofinishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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