Photo Printing Kiosk Market Forecast 2023 - 2030

By Type :

The type segment is categorized into mini photo kiosk and photo kiosk stand. In 2022, the photo kiosk stand segment accounted for the highest market share. The increasing demand for photo kiosk stands is driven by several factors, including the rising popularity of self-service options and the demand for personalized experiences. This type of photo printing kiosk offers immediate printing capabilities, allowing customers to obtain physical copies of their photos on the spot. Hence, the aforementioned factors are fostering market growth.

However, the mini photo kiosk segment is anticipated to grow at the fastest CAGR during the forecast period. The key factor driving the segment growth is the portability and flexibility of the product. The flexibility to move and adapt the kiosks to various environments increases their appeal and usability. Additionally, the rapid increase in the number of pictures taken is a prominent factor that is expected to bolster the demand for mini photo kiosks. For instance, according to the data published by Photutorial, in 2021, 1.2 trillion photographs were taken worldwide, and 1.72 trillion in 2022.

By End Use :

The end use segment is categorized into event photography, corporate offices, public spaces, and others. In 2022, the event photography segment accounted for the highest market share of 38.50% in the overall photo printing kiosk market. With photo printing kiosks, event participants can instantly transform their digital photography into hard print copy. In addition, these systems also offer the opportunity for attendees to create customized souvenirs that serve as lasting reminders of their participation. As a result, the convenience and social sharing features offered by photo printing kiosks are contributing to the market growth.

However, the public spaces segment is expected to grow at the fastest CAGR during the forecast period. Public spaces include high-traffic areas such as shopping malls, theme parks, airports, tourist attractions, and entertainment venues, among others. According to the report published by Themed Entertainment Association (TEA), in 2021, attendance at theme parks in North America increased by 136% in comparison to the previous year. This is one of the key factors that will aid to surge product usage. Moreover, the growing tourism industry has created a strong demand for photo printing kiosks as travelers seek to capture and preserve their travel memories. For instance, according to the statistics reported by the European Travel Commission, the number of leisure visitor arrivals to Europe is expected to reach 883.6 million by 2023.

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By Distribution Channel :

The distribution channel segment is categorized into direct and indirect. In 2022, the direct segment accounted for the highest market share in the overall photo printing kiosk market and is also expected to grow at the fastest CAGR during the forecast period. The growth of the segment is attributed to the reduced cost savings associated with intermediaries. Direct distribution channels enable faster order fulfillment and delivery compared to traditional distribution models. In addition, the growing demand for reliable delivery networks owing to numerous fraud cases is another influencing factor propelling the demand for direct distribution channels for photo printing kiosks.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, North America accounted for the highest market share of 36.80% and was valued at USD 704.72 million, and is expected to reach USD 807.43 million in 2030. In the North American region, the U.S. accounted for the highest market share of 66.55% in 2022 owing to the rise in the number of tourists and travelers. For instance, according to the statistics published by The World Tourism Organization (UNWTO), in 2021, the Americas accounted for a 17% increase in tourist arrivals as compared to 2020. In addition, the large presence of amusement parks, zoos, museums, and other tourist attractions will further increase the adoption of photo printing kiosks, in turn accelerating the market growth in the region.

Moreover, Europe is expected to grow at the fastest CAGR of 2.2% during the forecast period due to the increasing adoption of photo printing kiosks in retail stores. Photo printing kiosks offer convenience by being located within retail stores, making them easily accessible to customers. For instance, according to the data published by the Commons Library Research Briefing, the retail industry accounted for 35% of business turnover in the UK. Hence, the prevalence of a large number of retail stores in the region is one of the major factors contributing to the market growth in the forecast years.