Photo Booth/Kiosk Market to Garner 7,472.4 MN by 2030, with 9.7% CAGR during 2022–2030
Photo Booth/Kiosk Market Insights
The global photo booth/kiosk market is likely to grow continually during the current decade. Increasing awareness about the causal role photo booths/kiosks play in increasing brand value would substantiate market demand. Moreover, growing investments made by industry players in new product development and advancing existing product lines will increase the photo booth/kiosk market size.
Advents of innovative designs intended to help increase consumer engagement at retail or duty-free shops would contribute to market growth. According to Market Research Future (MRFR), the global photo booth/kiosk market will garner USD 7,472.4 MN by 2030, with a 9.7% CAGR through the estimated period (2022-2030).
Further, the rising demand for improved customer experience would boost the photo booth/kiosk market revenues. Also, the increasing penetration of communication technology and devices, including the internet, Wi-Fi, smartphones, tablets, and IoT devices, would escalate the photo booth/kiosk market value.
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Major Players
Players leading the photo booth/kiosk market include
- Eastman Kodak Company (Kodak-US),
- Dai Nippon Printing Co., Ltd. (Japan),
- Olea Kiosks Inc.(US),
- Fujifilm Holdings Corporation (Japan),
- HiTi Digital, Inc. (Taiwan),
- Mitsubishi Electric Corporation (Japan),
- Photo-Me International plc. (UK),
- Photobooth Supply Co. (US),
- Toshiba Corporation (Japan),
- Dakis Decision Systems Inc.(Canada),
- PhotoBooth Vending (UK),
- Global Display Solutions SpA (Italy),
- TapSnap (Canada), KIOSK Information Systems (US), and
- ATA Photo Booths (US), among others.
Global Photo Booth/Kiosk Market - Segments
The market report is segmented into product types, components, applications, and regions. The product type segment is sub-segmented into photo booths (open-air, enclosed, and mirror photo booths) and photo kiosks (mini photo kiosks and photo kiosk stands). The component segment is sub-segmented into hardware, software, and services. The application segment is sub-segmented into pharmaceutical stores, grocery convenience stores, electronics stores, and others. By region, the photo booth/kiosk market is segmented into Europe, North America, Asia-Pacific, the Middle East Africa, and others.
Global Photo Booth/Kiosk Market - Regional Analysis
North America dominates the global photo booth/kiosk market. Photo booths/kiosks are quite popular in the Americas due to their smaller space requirement, modern design, and multiple backdrop options. Besides, the capability of accommodating many people in a photo increases their adoption at parties and branding events.
Hiring photo booth rental services for wedding receptions, bars, parties, and other private public events is a popular trend in the US and Canada. Moreover, vast technological advances and a highly raised economy in the region increase the market size. Market penetration of communication devices technologies drives the regional market growth exponentially.
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Global Photo Booth/Kiosk Market – Competitive Analysis
Highly competitive, the photo booth/kiosk market appears fragmented due to several well-established players operating in the space. Providers focus on improving market performance by acquiring promising companies in fast-growing markets. Manufacturers emphasize quality and develop standard custom-designed photo booths/kiosks, providing superior performance and long-term service for demanding buyers.
Industry/ Innovation/ Related News
Aug. 4, 2023 --- OutSnapped, a physical and digital photo booth company in New York launched a new AI photo booth. The new AI-based patent-pending photo booth technology generates photos in real-time, with avatars and more, and offers analytics engagement tools for CMOs, event planners, retail pop-ups, and more to create viral content. The new OutSnapped AI photo booth signifies a tectonic shift about to change how memories are recorded.
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