The global flush mount photo album market 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 matt 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.
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Further key findings from the study suggest:
- 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.
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About
Grand View Research:
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
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