Photo Booth Kiosk Market Size, Share & Segmentation, By Type (Mini Photo Kiosk, Photo Kiosk Stand), By Application (Drug Stores, Grocery and Convenience Stores, Electronic and Phone Stores, Others), By Region, and Global Forecast for 2023-2030

Photo Booth Kiosk Market Report Scope & Overview:

Photo Booth Kiosk Market size was valued at USD 7472.5 million in 2022 and is expected to grow to USD 15786.45 million by 2030 and grow at a CAGR of 9.8% over the forecast period of 2023-2030.

The global photo booth/kiosk industry is expected to expand rapidly in the next years. The introduction of creative designs aimed at increasing consumer involvement at retail or duty-free establishments would contribute to market growth. Capturing a memorable moment is not a new concept in photography. People's attention is being drawn to the recent surge in encouraging and empowering folks to express themselves creatively through photography. A picture booth or a photo kiosk A coin-operated camera and film processor housed in a vending machine.

Get PDF Sample Copy of Photo Booth Kiosk Market - Request Sample Report

The photo booth market is divided into two parts: rental services and equipment sales. The rental services in the photo booth industry are growing widespread appeal and become a crucial component in any successful wedding, party, or other event, offering not only great fun to the guests but also long-lasting memories. According to UK wedding statistics from 2022, over 50% of the population employs a photo booth during a wedding ceremony. Photo booth rental is growing popularity due to social media integrated booths that allow guests to walk into a social media sharing kiosk and instantly share their photos on social media networks.

Based on product type, the global Photo Booth/Kiosk market is divided into photobooth and photo kiosk. The photo booth market is further subdivided into open air photobooths, enclosed photobooths, and mirror photobooths. The photo kiosk market is divided into micro photo kiosks and photo kiosk stands. The photo booth held the biggest market share in 2022 and is expected to increase at a 9.2% CAGR during the anticipated period.

KEY DRIVERS: 

• Rising development of imaging technology

Many manufacturers are now acquiring or collaborating/partnering with software suppliers to produce and deliver a comprehensive interactive solution that includes hardware, application software, and related services. These interactive kiosks are used for advertisements, online shopping, sharing community information, travel and weather information, wayfinding, advertising, entertainment, and tourism information, among other things.

RESTRAIN:

• High cost of installation

OPPORTUNITY:

• High demand for capturing moments at various occasions such as weddings and corporate events

They are placed in high-traffic areas such as malls, retail stores, jewelers, and duty-free shops. Because the purpose of photo booths/kiosks is to improve the customer experience, they are extremely popular. Private consumer products companies and merchants will benefit. With the passage of time and technological advancements, Digital photo booths and modern kiosks have largely replaced analog ones.

CHALLENGES:

• New technology launches and availability of alternate options

The growing preference for self-service interactive kiosks, as well as global advances in image technology, are driving market expansion. The worldwide photo booth/kiosk supply chain study includes several stages, beginning with raw material suppliers, component suppliers, system assemblers, sales & distribution, and end users.

IMPACT OF RUSSIAN UKRAINE WAR

At Kyiv's major exposition center's outdoor winter fair, there's a games kiosk where customers pay to shoot a BB pistol at a paper target with a likeness of Russian President Vladimir Putin. Oleh, an electrical engineer, recently risked -14 C weather to go shooting with his wife, Tatiana. "If we can't have a little fun in this situation, we'll all be destroyed," he told CBC News as a pellet landed on Putin's paper forehead. "

Many have succeeded, forcing Ukrainians from one end of the country to the other to endure regular blackouts, freezing nights, and no running water as Russia's invasion near its one-year anniversary on Feb. 2. But, in a remarkable display of collective perseverance, Ukrainians have turned a potentially disastrous scenario this winter into a tolerable one. "The overall resilience of Ukraine is enormous." "Even we were surprised," said Oleksiy Melnyk, a former Ukrainian air force lieutenant colonel who now works at the Razumkov Centre public policy think tank in Kyiv, Ukraine's capital.

IMPACT OF ONGOING RECESSION

The Asian economy' rapid rise has been hampered by the Great Recession. The crisis's decreased demand from Western countries has had a severe impact on the economies of Asian countries. The GDP of Asian countries, on the other hand, is steadily increasing: "the recent decline in world oil prices [that boosts oil exports and benefits Asian oil producers and suppliers] and the ongoing recovery in advanced economies"98 help Asia gain economic power. Further development into Asian markets may be a wise investment for Photo-Me as Asian countries become stronger and threaten to eclipse the EU's economic supremacy. In terms of exchange rates, Photo-Me's profit was severely decreased by the rise of the pound sterling versus the euro and the yen (since the company declares its financials in GBP). Even if the underling profit before tax increased by 16% year on year, the increase would have been 25% if sterling had not risen so dramatically.

MARKET SEGMENTATION

By Type

• Mini Photo Kiosk

• Photo Kiosk Stand

By Application

• Drug Stores

• Grocery and Convenience Stores

• Electronic and Phone Stores

• Others

Get Customised Report as per Your Business Requirement - Enquiry Now

 REGIONAL ANALYSIS

The photo booth industry in North America is predicted to increase significantly between 2022 and 2030. Photo booth rentals have grown in popularity in the United States and Canada for wedding receptions, bar celebrations, and other private and public events. Photo booth rentals have grown in popularity in areas such as Salt Lake City, Vancouver, Philadelphia, Portland, and San Francisco.

Europe dominates the worldwide photo booth market, owing to increasing use in countries such as the United Kingdom and France. The increasing use of GIF photo booths at weddings and other special occasions drives market expansion.  According to Photo-me International Plc, one of the major players in the photo booth business, the European photo booth market expanded by 4.9% in 2022, primarily in France, Switzerland, and the United Kingdom. In 2022, the number of photo booths put in the region climbed from 50% to 60%. The technique, which allows users to take a photograph and sign it before sending it to a secure server, is primarily aiding the expansion of photo booths in France.

During the forecast period 2022-2030, Asia Pacific is predicted to develop at a faster CAGR in the photo booth market. In nations such as Japan and other parts of Asia, there is an increasing demand for photo booths. Increasing demand for photo booths in countries such as Japan and other areas of Asia is likely to positively influence market growth. In Japan, photo booths are called as Purikura, and they allow clients to snap a series of images and doodle on them according on their preferences.

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS

Some of key players of Photo Booth Kiosk Market are Eastman Kodak Company (Kodak-US), Dai Nippon Printing Co. Ltd. (Japan), Olea Kiosks Inc. (US), Fujifilm Holdings Corporation (Japan), HiTi Digital Inc. (Taiwan), Mitsubishi Electric Corporation (Japan), Photo-Me International plc (UK), Photobooth Supply Co. (US), Toshiba Corporation (Japan), Dakis Decision Systems Inc. (Canada), PhotoBooth Vending (UK), Global Display Solutions Spa (Italy), \TapSnap (Canada), KIOSK Information Systems (US) and other players are listed in a final report.

Fujifilm Holdings Corporation (Japan)-Company Financial Analysis

RECENT DEVELOPMENT

• Global Display Solutions announced the opening of its new EMS factory in Tunisia. The GDS Tunisia facility was built with flexibility in mind, enabling for the production of a wide range of electronic boards such as Smart Interfaces, digital power modules, and electronic for |OT solutions. In the summer of 2022

• Eastman Kodak Company and West World Paper (WWP) announced a reseller agreement in which West World Paper will supply Kodak commercial print solutions as well as Kodak's entire range 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 supplement to Kodak's Canadian sales efforts. In June of 2021

• Olea Kiosks is expanding its engineering and production capabilities in Los Angeles, California. This growth enables Olea to continue to expand its customer base, collaborations, and OEM ties in order to provide faster time to market and more operational agility. In the month of January 2021

• Kodak signed Graphco for the entire range of print solutions it provides as a reseller. Kodak has tasked Graphco with distributing the whole Kodak prepress, CTP, digital and inkjet printing, software solutions, and printing plates portfolio. In July of 2022   

  Photo Booth Kiosk Market Report Scope:

  Report Attributes	Details
  Market Size in 2022	US$ 7472.5 Mn
  Market Size by 2030	US$ 15786.45 Mn
  CAGR	CAGR of 9.8%   From 2023 to 2030
  Base Year	2022
  Forecast Period	2023-2030
  Historical Data	2019-2021
  Report Scope & Coverage	Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
  Key Segments	By Type (Mini Photo Kiosk, Photo Kiosk Stand), By Application (Drug Stores, Grocery and Convenience Stores, Electronic and Phone Stores, Others)
  Regional Analysis/Coverage	North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
  Company Profiles	Eastman Kodak Company (Kodak-US), Dai Nippon Printing Co. Ltd. (Japan), Olea Kiosks Inc. (US), Fujifilm Holdings Corporation (Japan), HiTi Digital Inc. (Taiwan), Mitsubishi Electric Corporation (Japan), Photo-Me International plc (UK), Photobooth Supply Co. (US), Toshiba Corporation (Japan), Dakis Decision Systems Inc. (Canada), PhotoBooth Vending (UK), Global Display Solutions Spa (Italy), Kodak, TapSnap (Canada), KIOSK Information Systems (US)
  Market Opportunities	•High demand for capturing moments at various occasions such as weddings and corporate events
  Market Challenges	• New technology launches and availability of alternate options