Photo-Merchandise Market Reaches 578 Million Euros
According to the latest research from Futuresource Consulting, the Photo-Merchandise market is on track to grow by 4% CAGR between 2012 - 2017.
Dunstable (I-Newswire) February 24, 2014 - The Western European Photo-Merchandise market is on track to reach a retail value of ‚618 million in 2014, up from an expected ‚578 million in 2013, according to the latest photo-merchandise research from Futuresource Consulting.
"Fuelled by photo-cards, canvases and calendars and potentially evolving 'hot' single image gift sectors, the photo-merchandise market is forecast to grow by 4% CAGR between 2012 and 2017, to reach nearly ‚657 million in 2017," says Jeremy Wills, Senior Market Analyst at Futuresource Consulting.
"This will be assisted by mobile and connected CE devices and photo applications that leverage social networking, and an increasingly consolidated competitive structure offering the market attractively-priced products, available quickly and easily."
Online remained the dominant channel for ordering photo-merchandise, representing 88% of the market in 2012; 70% of these orders (‚379 million) were placed online and mailed to homes, up by 1% from 2011, mainly due to growing presence of online players such as Photobox.18% of orders online were picked up in-store in 2012 and this sector grew in 2013, fuelled by expanding retailer offerings.
The overall number of photo-merchandise orders placed via a smartphone and tablet PCs grew in 2012, with several resellers, retailers and producers offering photo apps, or photo services apps as part of a wider retailer app. As an overall percentage of the market, this was still low-key during 2012, but gained momentum in 2013.
"Wall dйcor consisting of posters and canvases, continues to account for the majority of industry revenues - it was 35% in 2012 and we expect it to hold this position for 2013, once final numbers are in. The wall dйcor market value is expected to grow by 6% in 2013 to 2014, driven by canvas revenues rising while poster revenues fell.
"Calendars, photo-cards, and single-image gifts were the next largest markets, with 30%, 21% and 14% of sales respectively, and we do not anticipate any major change to this ranking. Calendars remain a seasonal product, with over 90% of sales between October and January," says Wills.
The photo-merchandise market in Western Europe remains localised and fragmented, with many local/national retailers and services playing a key role and often specialising in one product segment. Small, vertically-integrated and price-aggressive players, often using discount websites such as Groupon, are still emerging in some market sectors, such as wall dйcor.
To coincide with this report, Futuresource has published a consumer research study report during February 2014 quantifying and qualifying the smartphone/tablet app-based photo-merchandise/photobook/photo-prints market in Western Europe.
Alongside the photo-merchandise report, Futuresource has also released a new consumer photobook market report, which assesses the development of the photobook market in Western Europe and includes retail volume, value and average price forecasts through to 2017. This report also includes an overview of the competitive situation by producer. For more information, please contact Andy Watson at Futuresource Consulting, via email@example.com.
Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into consumer electronics, digital imaging, entertainment media, broadcast, storage media, education technology and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments.
Authorised use of information
All information provided by Futuresource in any form is proprietary information that belongs to Futuresource and is protected by UK and international copyright law. Except as outlined below, direct or indirect reproduction of information, in whole or in part and by any means, is prohibited without the express written consent of Futuresource.
Members of the press may use a release in its entirety or take segments from it as necessary; they may also use a graph, a slide, or a section of a supplied research report less than fifty words long, provided all text is identified as "Source: Futuresource Consulting" and all graphics are credited with "Futuresource Consulting, copyright 2014".
Futuresource Media Contact
For industry comment, forecasting and trends contact Andy C Watson on:
Direct Dial +44 1582 500169
About Futuresource Consulting
200-204 High Street South
Phone : 01582 500115
Tags:Mobile posters calendars canvases photo cards photo prints CE Devices Photo-Merchandise Image Gift
Published On:February 24, 2014
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Dimmable LED R40/BR40 ETL-Listed Bulb Only Uses 20 Watts to Replace 100W Floodlights with Impressive 1,520 Total Lumens
At Teradata Marketing Summit 2014, MarketSphere to Spotlight Unique Dual-Focus Managed Services Package with Waived Startup Fees for Superusers
6 Easy Steps to 40% More Productivity and Profit
West Michigan Web and Software Development Company Rolls Out New Website
Dapresy Pro Coins Tag Line "better Data by Design" for It's Game Changing Market Research Tools