$1.5bn
$XXX.Xm
15,186
11,178
$XXX.Xm
Photofinishing service providers have struggled to remain relevant as consumers adapt to the digital age. Photography has become almost exclusively digital, eliminating the need for traditional capital-intensive film development, while the widespread accessibility of a smartphone camera has made professional photography available even to the budding novice. Growing usage of online photo sharing platforms has satisfied the need for physical photo prints. While suppressed disposable income limits industry growth, heightened competition from online retailers and phone applications has depressed demand for industry services. Thus, industry revenue has been declining at a CAGR of 2.8% over the past five years, reaching an estimated $1.5 billion in 2024, with a slight rise of 0.5% in 2024 alone.
Industry revenue has declined at a CAGR of 2.8 % over the past five years, to reach an estimated $1.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Shutterfly Inc. | 67.4 | 4.7 | 6.9 | |
Fujifilm Holdings Corp | 2.9 | 0.3 | 8.9 |
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Industry revenue is measured across several distinct product and services lines, including Consumer prints, Professional prints and Other. Consumer prints is the largest segment of the Photofinishing in the US.
Consumer printing has increased with the use of smartphones
The Photofinishing industry primarily develops digital images to produce customized prints, albums and other merchandise such as playing cards or mugs. Traditional photofinishing involves film processing and printing. Companies may also transfer physical copies of photographs to digital files. The industry excludes companies that offer their services exclusively online or stores that offer printing services in addition to their primary means of earning revenue.
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NAICS 81292 - Photofinishing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for traditional digital cameras has fallen and been replaced by the prevalence of cameras on mobile devices. The transition has resulted in an increase of online photo...
Learn about an industry's products and services, markets and trends in international trade.
Consumer prints account for a significant portion of the Photofinishing industry's revenue. The shift toward digital photography and the increased availability of online prin...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Tourism is a key driver for industry demand. Areas where tourists like to frequent, like Los Angeles; New York; and Washington, DC, are areas with increased industry activity...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Photofinishing companies can compete by offering unique services such as custom photo books, canvases or other photo gifts. Companies that can differentiate themselves from t...
Learn about the performance of the top companies in the industry.
Shutterfly Inc. (Shutterfly) is a public company headquartered in California with a notable market share in at least three industries: Photography, Photofinishing, Online Pho...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Traditional photofinishing requires the use of hazardous chemicals. These activities are regulated by the US Environmental Protection Agency (EPA) and its state affiliates to...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
In the Photofinishing industry, higher wages can reduce profit margins. To maintain profitability, photofinishing companies may need to find ways to balance employee compensa...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Photofinishing in the US industry in United States is $1.5bn in 2024.
There are 11,178 businesses in the Photofinishing in the US industry in United States, which has declined at a CAGR of 3.4 % between 2019 and 2024.
The market size of the Photofinishing in the US industry in United States has been declining at a CAGR of 2.8 % between 2019 and 2024.
Over the next five years, the Photofinishing in the US industry in United States is expected to grow.
The biggest companies operating in the Photofinishing market in United States are Shutterfly Inc. and Fujifilm Holdings Corp
Film processing and development and Producing photographic prints are part of the Photofinishing in the US industry.
The company holding the most market share in United States is Shutterfly Inc..
The level of competition is high and increasing in the Photofinishing in the US industry in United States.