SAN FRANCISCO, CA — (Marketwired) — 01/20/16 — The global size is expected to reach USD 6.51 billion by 2022, according to a new study by Grand View Research, Inc.
Advancements in computerized and customized layout design and increased spending on theme-based wedding photography are expected to boost global flush mount photo album market growth. Increasing demand for such photo albums in professional photography and photojournalism has further boosted market growth.
Customized designs and state-of-the-art trends such as matte finish albums are expected to favorably impact the industry. Moreover, such albums enable combination of pictures, texts, and graphics, making them a popular choice for narrating events and stories. Vendors these days are increasingly making use of advanced software to upload, customize the layout, and personalize digital photographs.
Industry players provide customers with online application platforms for choosing among different layouts and ordering. Companies such as Bay Photo Lab and Mpix have formed a strategic alliance with ROES, an online ordering and personalization service provider that enables customers to create personalized layout, graphics, designs, and also, place an order.
Professional end-use segment dominated the global flush mount photo album industry accounting for over 65% of the market share in 2014. Growing inclination exhibited by newlyweds towards opting for modern, elegant wedding albums is expected to drive the demand over the next seven years. Other emerging applications of these albums include fashion portfolios, and travel diaries.
Preference of such albums over conventional albums can be attributed to the longevity associated with them. The suppleness and liberty offered by these albums in terms of design layout, such as computer aided graphically designed pages, larger photographs, multiple images on a page, and additional design elements such as monograms and texts are expected to drive market growth. However, high costs and increasing popularity of e-albums may hinder industry growth over the forecast period.
Asia Pacific regional market is expected to grow at a CAGR of over 9.5% over the forecast period. Indian and Chinese markets are expected to create a sizeable amount of sales, as a substantial budget is directed towards wedding-related expenses. Being a relatively untapped segment among wedding albums, flush mount photo albums possess considerable growth potential.
Key industry participants include AdoramaPix, AsukaBook, CCS Photography, Digital Pro Lab, Mpix, Picaboo, and Queensberry. Vendors are using advanced computerized layout designing and photo printing techniques. These entities use real photo printing solutions to provide seamless tones without any visible transition while adhering to stringent customization and personalization requirements.
Grand View Research has segmented the global flush mount photo album market on the basis of end-use and region:
Professional
Personal
North America
Europe
Asia Pacific
Latin America
MEA
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
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