Photo Booth/Kiosk market is estimated to register a CAGR of over 9.7% to reach USD 7,472.4 Million by 2030 | Olea Kiosks, HiTi Digital, PhotoBooth Vending
Photo Booth/Kiosk Market Segmentation
The global Photo Booth/Kiosk Market has been segmented on the basis of product type, component, application and region.
The global Photo Booth/Kiosk market, based on product type has been segmented into photobooth and phot kiosk.
The global Photo Booth/Kiosk market, based on component, has been segmented into hardware, software and services.
The global Photo Booth/Kiosk market, based on application, has been segmented into pharmaceutical stores, grocery and convenience stores, electronics stores and others.
Photo Booth/Kiosk Market Key Players
Some of the prominent players operating in the global Photo Booth/Kiosk market include-
· Eastman Kodak Company (Kodak) (US)
· Olea Kiosks Inc.(US)
· Dai Nippon Printing Co., Ltd. (Japan)
· Fujifilm Holdings Corporation (Japan)
· Mitsubishi Electric Corporation (Japan)
· HiTi Digital, Inc. (Taiwan)
· Photo-Me International plc (UK)
· Toshiba Corporation (Japan)
· Photobooth Supply Co. (US)
· Dakis Decision Systems Inc. (Canada)
· Global Display Solutions SpA (Italy)
· PhotoBooth Vending (UK)
· TapSnap (Canada)
· ATA Photo Booths (US)
· KIOSK Information Systems (US)
Photo Booth/Kiosk Market Covid Impact Analysis
The COVID-19 pandemic had significantly impacted Asia-Pacific and Europe countries, especially the China. Due to its supporting government policies for innovation, substantial industrial base, and high purchading power, especially in industrialized countries like China and Germany, China is one of the major regions for the adoption and development of new digital technologies. Therefore, anything that prevents an industry from growing is bad for the region’s economy. The nation’s fast rising COVID-19 confirmed cases and reported deaths make it difficult to produce and sell semiconductor devices. Future commercial operations and the financial results of different market participants in the region would suffer as a result of the outbreak. The COVID-19 epidemic had significantly harmed the world economy because the current situation and numerous sectors have had an influence on numerous industries and have seen a halt in operations.Due to the lockdown restrictions, the transportation sector had come to a total halt, which had significantly decreased demand for semiconductor devices globally.
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Europe Emerged to Be the Fastest-Growing Market for Photo Booth/Kiosk during the Review Period
In North America These booths are widely adopted in events with limited space such as weddings, birthday parties, and corporate events. It allows users to select a backdrop that matches their wedding or event theme. The capability of housing many people into a photo has resulted in their increased adoption in parties and branding events. Photo booth rental services have become popular in United States and Canada for wedding receptions, bar, parties and other private and public events. Photo booth rental services have gained a significant demand in the cities such as Salt Lake City, Vancouver, Philadelphia, Portland and San Francisco. Significant investments in digital signage by local players are anticipated to create innovative kiosks with various options and features based on the prevalent market trends. Also, the focus of the manufacturers in development activities to deliver proficient products to increase customer usability and enhanced user interface is expected to boost the Photo Booth/Kiosk Market growth in the region.
In Europe this is because of the higher adoption in the countries such as the UK and France. Increasing adoption of GIF photo booths in marriage ceremonies and another occasion significantly propel the market growth. According to the statistics conducted by Photo- me international Plc, one of the significant players in photo booth market states that European photo booth market increased in the areas such as France, Switzerland and UK.
Asia-Pacific has the considerable market growth of photo booth/kiosk market. The Asia-Pacific region is likely to bring considerable market prospects and develop at the significant CAGR over the forecast period. Increasing demand for photo booth/kiosk in countries such as Japan and other parts of Asia are expected to influence the market grow positively. photo booth/kiosk are also known as Purikura in Japan which lets to take series of photos and doodle it according to the customers preferences. Large number of airports in countries such as Japan, India, China, and South Korea are implementing self-service kiosk systems to help fasten the ticketing and boarding process. Also, development and establishments of modern infrastructure are likely to fuel the growth of photo booth/kiosk market in this region. Rising awareness and the advantages of adopting kiosks in healthcare, hospitality, and entertainment activities. The growing production of kiosks for public information across several industrial sectors in countries such as China, Japan, and South Korea, a major revenue-generating economy, is expected to boost the regional market growth.
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South Africa, Saudi Arabia, the United Arab Emirates, Egypt, the Middle East, and Africa make up the Middle East & Africa region. This is due to the shift in the demand for photo booth/kiosk from North America & Europe to the Asia Pacific. Rising use of photo booth/kiosk at parties and events, and other ways is expected to fuel the growth of the Middle East & Africa market in the near future. The South America region is segmented into emerging countries such as Brazil, Argentina, Colombia, and the Rest of South America. Recently, photo booth/kiosks have become an attractive factor for numerous events. Rising use of photo booth/kiosks from weddings, and trade shows to corporate meetings, photo booth kiosks drive the growth over the forecast period.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20
1.1 MARKET ATTRACTIVENESS ANALYSIS 22
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 RESEARCH OBJECTIVE 23
2.4 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
4 MARKET DYNAMICS 31
4.1 INTRODUCTION 31
4.2 DRIVERS 32
4.2.1 INCREASING INCLINATION TOWARDS SELF-SERVICE INTERACTIVE KIOSKS 32
4.2.2 DEVELOPMENTS IN IMAGING TECHNOLOGY 32
4.2.3 DRIVERS: IMPACT ANALYSIS 32
4.3 RESTRAINT 33
4.3.1 MISUSE OF UNATTENDED PUBLIC KIOSKS 33
4.3.2 CYBERSECURITY RISKS 33
4.3.3 RISING ERA OF SMARTPHONES 33
4.3.4 RESTRAINT IMPACT ANALYSIS 33
4.4 OPPORTUNITY 34
4.4.1 INCREASING NEED FOR PHOTO BOOTHS/ KIOSKS DURING EVENTS 34
4.5 IMPACT OF COVID ON THE MARKET 34
4.5.1 IMPACT ON PHOTO KIOSK/ BOOTH MANUFACTURERS 34
4.5.2 IMPACT ON COMPONENT MANUFACTURERS 34
4.5.3 COVID-19 IMPACT ON SUPPLY CHAIN DELAYS 35
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