Overview

Digital darkrooms: Technology and competition combine to constrict revenue

IBISWorld’s Photofinishing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
12-17
0.6%
Annual Growth
17-22
Profit
Employment
22,650
Business
16,829

Industry Threats & Opportunities

  • Digital cameras, online photo sharing and external competition have gutted revenue
  • In addition to technology, competition from discount and drug stores has been increasing
  • Revenue will continue dropping as technology and online services dampen demand

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    Industry Analysis & Industry Trends

    The dominance of digital cameras, ubiquity of online photo sharing and rising external competition have combined to gut the Photofinishing industry's revenue. Such 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 cheaper than sending them to a photofinishing lab. In the next five years, companies will continue differentiating themselves by combining digital and film to produce high-end products...

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    Industry Report - Industry Key Buyers Chapter

    The largest four companies are estimated to generate well under 10.0% of industry revenue in 2017. This share is down from about 47.7% of revenue prior to the recession because these companies faced significant challenges and were forced to restructure their photofinishing businesses, especially in the past five years. In particular, Eastman Kodak slid from over a fifth of industry revenue in 2011 to bankruptcy and an industry exit in 2012. As online photofinishing becomes a more prominent market segment and more online competitors form unions with marquee online brands like Yahoo, Google and Amazon.com, IBISWorld expects large players to continue losing revenue and market share, as their industry-related establishments close.

    ..

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    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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    Industry Products

    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
    Film processing
    Digital standard prints
    Other services
    Industry Activities
    Film processing and development
    Producing photographic prints
    Producing photographic slides
    Producing photographic enlargements
    Digital image processing and printing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Competition escalating
  • Chart: Revenue Growth

  • Industry Outlook
  • Substitution continues
  • Smartphone takeover
  • Table: Photofinishing Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Photography

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

  • Products & Services
  • Digital standard prints
  • Other services
  • Film processing
  • 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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther 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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Photofinishing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 50 and over (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • Why buy this report?

    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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