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Global Photo Booth Market Outlook, Growth, Industry Trends 2022-2030

Global Photo Booth Market Outlook, Growth, Industry Trends 2022-2030

  • January 2022
  • 117 pages
  • ID: 6292861
  • Format: PDF
  • Straits Research

Summary

Table of Contents

The global photo booth market is anticipated to witness a significant growth during the forecast period. A photo booth is a vending machine or modern kiosk that contains an automated, coin-operated, camera and film processor. There is a rapid growth of digital photobooths, and 3D selfie photo booth recently in which selfies are often printed by dedicated 3D printing companies. As entrepreneurs began renting machines built along these lines at weddings and parties, the global interest for photo booth rentals grew significantly resulting in the increased sales of Photo Booths across the world.

The document photo segment in the global photo booth market is expected to witness a significant growth in the upcoming years owing to its use both to capture photos for passports, driving licenses, and other official documents. Innovation in photo booth technology for various applications is fuelling the market growth. In April 2016, Her Majesty’s Passport Office in the United Kingdom has been testing the idea of selfie photos for passports to make the process free, quick, and easy. Photo booth rental services have been gaining popularity among weddings, parties, and other events. The Photo booth rental services have especially gained prominence in countries such as Canada, Australia, and the U.K.

Global Photo Booth market by equipment sales segment is expected to grow at a CAGR of 19.3% during the forecast period (2018-2025).

Intended Audience

Suppliers / Potential Investors

Traders, Distributors

Wholesalers

Importers and Exporters

Association

Government bodies

Segmental Insights

The global Photo Booth market is segmented by Product, and Application.

Based on product, the global photo booth market has been bifurcated into rental services and equipment sales. Rental Service segment of the global Photo Booth market is expected to hold the largest market share during the forecast period.

On the basis of the application, the market is segmented into document photo which includes the official documents such as passport, driving license and other official identification proofs. Document Photo segment of the global Photo Booth market is expected to hold the largest market share during the forecast period.

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Regional Analysis

Geographically, the global Photo Booth market is segmented into North America, Europe, Asia Pacific, and the Latin America and the Middle East & Africa (LAMEA).

North America is expected to grow significantly in the global Photo Booth market during the forecast period owing to its growing use for entertainment purposes. Photo booth rental services have become popular in the U.S. and Canada with cities such as Salt Lake City, Vancouver, Philadelphia, Portland, and San Francisco registering significant demand in the recent years.

Among all European countries U.K dominates the photo booth market while Germany, Italy, Spain, Benelux, Scandinavia, and Australia have relatively low penetration in the photo booth market. The widespread adoption of photo booths in railway stations, shopping malls, and government offices for ID proofs such as passport and driving license drives the market growth in these countries

APAC countries such as China, India, Japan, South Korea, Australia, Malaysia, and Singapore are significantly investing in digital technologies leading to a massive growth of the digital photo booth market in the region.

In Latin America and Middle East and Africa, the digital photo booth market is anticipated to witness a significant growth during the forecast period due to the wide availability of digital cameras, compact photo printers, and flat screen computer monitors and adoption of personal computers and software.

Key Players

Key players in the Global Photo Booth Market include Kingdom Photo Booth LLC,Photo-Me International plc., Dreambooths, Reakt Media Ltd., MADE Photo Booths LTD, Blur Productions, Photobooth Supply Co., Virtual Photo Booth, BoothBits, and Pink Giraffe among others.

Photo Booth Market Segmentation

Product

Rental Service

Equipment Sales

Applications

Document Photo

Entertainment Occasion

By Geography

North America

Europe

Asia Pacific

LAMEA

Why buy this report?

In our report, we have covered the latest market related technological trends, factors impacting the development, and competencies and capacities of the key companies in terms of production as well as sustainability and prospects. Moreover, following sections are specifically covered in the report.

Definitive Market Data

PHOTO BOOTH Analysis

Competitive Analysis

Recent Opportunities in the Market

6-7-year performance forecasts: major segments covering Product and Applications, and geographies

Market Share Analysis

Technology Assessment

Potential Venture Avenues

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