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Photographic Activities in Latvia Industry Data and Analysis
The advent of powerful smartphones and the ubiquity of social media platforms like Instagram and TikTok have fundamentally disrupted traditional market structures, leading to a contraction in demand for standard consumer photo services. This disruption has heightened competitive intensity, squeezed profit and forced established photographic businesses to adapt their business models. While these trends have challenged volume-driven companies, the resilience of premium, event-based segments, particularly wedding photography and the rise in commercial imaging have helped cushion the industry's overall decline.
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What's included in this industry analysis
IBISWorld's research coverage on the Photographic Activities industry in Latvia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released October 2025.
About this industry
What's this industry report about?
The Photographic Activities industry in Latvia operates under the industry code LV-M742. The industry includes professional photographers and photographic processing services. Services provided by photographers include portrait and aerial photography, specialist photography, photojournalism and the video recording of special events. Related terms covered in the Photographic Activities industry in Latvia include aerial photography , stock photo and portraiture .
What's included in this industry?
Products and services covered in Photographic Activities industry in Latvia include Portrait photography, Image editing and development and Advertising photography.
What companies are included in this industry?
The Photographic Activities industry in Latvia is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Photographic Activities industry in Latvia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Photographic Activities industry in Latvia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Photographic Activities industry in Latvia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Photographic Activities industry in Latvia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Photographic Activities industry in Latvia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Photographic Activities industry in Latvia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Photographic Activities industry in Latvia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Photographic Activities industry in Latvia.
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Frequently Asked Questions
What is the market size of the Photographic Activities industry in Latvia in 2026?
The market size of the Photographic Activities industry in Latvia is €9.1m in 2026.
How many businesses are there in the Photographic Activities industry in Latvia in 2025?
There are 862 businesses in the Photographic Activities industry in Latvia, which has grown at a CAGR of 8.5 % between 2020 and 2025.
Has the Photographic Activities industry in Latvia grown or declined over the past 5 years?
The market size of the Photographic Activities industry in Latvia has been declining at a CAGR of 4.5 % between 2020 and 2025.
What is the forecast growth of the Photographic Activities industry in Latvia over the next 5 years?
Over the next five years, the Photographic Activities industry in Latvia is expected to grow.
What does the Photographic Activities industry in Latvia include?
Portrait Photography and Image editing and development are part of the Photographic Activities industry in Latvia.
How competitive is the Photographic Activities industry in Latvia?
The level of competition is high and steady in the Photographic Activities industry in Latvia.
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