USD 56.26 million
Report ID: SQMIG15H2012 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 61 | Figures: 75
Global Photo Frame Market size was valued at USD 56.26 million in 2021 and is poised to grow from USD 58 million in 2022 to USD 76.35 million by 2030, growing at a CAGR of 3.1% in the forecast period (2023-2030).
A picture frame is a decorative and protective border for an image, such as a painting or a photograph. Displaying artwork, framing a mirror, and using photo frames to exhibit photographs are some of the main motivating motivations that motivate their use. Specialized interior design sectors are expected to expand at a faster rate of roughly 20% in the upcoming years, according to BRANDONGAILLE. For protection against any damage and to provide a better view of the artwork, the majority of artists exhibit their pieces in photo frames. The framing of a photo is also utilized as a mirror frame since it protects and beautifies the mirror.
Additionally, framing a photograph that a person holds dear and loves is another common usage for photo frames. As a result, the key driving forces behind the market's expansion are the use of picture frames for artwork display, mirror framing, and picture framing. Additionally, the growing trend of framing printed inspirational quotes to hang in companies, schools, and homes also contributes to the photo frame market's expansion by rising demand.
The rising need for certificate frames in homes, workplaces, schools & colleges, stores, clinics, and other places is one of the key factors driving the market's expansion. This is due to the fact that issuing certifications, particularly in clinics, schools, and colleges, as well as other training institutions, aids in gaining more trust and devoted clients who may later use their word of mouth to promote the business and act as one of the factors driving the growth of the photo frame market.
Additionally, the digital photo frame has the capability of quickly exchanging photos with a smartphone. As a result, one of the key stimulating factors that operate as a significant opportunity for the photo frame market's growth is the innovation of the digital photo frame. However, the increased use of smartphones has led to a decline in the use and display of photo frames, which is one of the key factors impeding market expansion.
US Photo Frame Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 56.26 million
To get more reports on the above market click here to Buy The Report
The Global Digital Photo Frame Market is segmented on the basis of Product Type and Application. Based on Product Type the market is further sub-segmented into Improved Multimedia Digital Photo Frames, and Simple Function Digital Photo Frames, According to Application the market is further sub-segmented into Household and Commercial.
Photo Frame Market Analysis by Product type:
The most popular digital picture frame product in 2021 was enhanced multimedia photo frames. Simple function digital photo frames (DPF) are the types of frames that often permit the display of images without the requirement of printing each image individually. This frame gives us the option to insert the memory card from the camera and select the pictures we want to view. Some frames also include built-in memory that lets users keep pictures there. Some of the more basic DPF models allow users to wirelessly or over a USB link upload photos to the frame's memory.
Photo Frame Market Analysis by Application:
The market has been divided into two categories based on application: Commercial, Household, In 2021, household applications took up the highest market share of those. On the other hand, the commercial segment stands for the DPF Market's fastest-growing section.
To get detailed analysis on other segments, Request For Sample Report
In the upcoming years, it is anticipated that the Asia Pacific will continue to be the key dominant area. The aging and birth rates of the population have led to an expansion in the manufacturing sector, which has increased employ ment and disposable income. also as a result of the rise in the working population.
Consumer goods, such as photo frames, are in higher demand, which is causing the industry to grow more quickly. The creation of furniture products like wooden photo frames is growing in popularity and is another element supporting the market's expansion in Asia Pacific, where the region's furniture sector is extremely large. With 4.6 billion people, or 59.7% of the global population, Asia Pacific is regarded as having the most people in the world, according to Worldometer 2021.
Due to its rising high level of living, which encourages increased spending on house, school, and other interior design, North America is the second most dominant area in the photo frame industry. Countries like the United States and Canada are heavily involved in décor, hanging things like encouraging statements, certificates, and artwork, which has led to an increase in the demand for photo frames in this area.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Photo Frame Market Driver
Photo Frame Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The "Global Photo Frame Market" study report will offer useful information with a focus on the international market, which includes some of the key players like as:
Photo Frame Market Top Player’s Company Profiles
Photo Frame Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the Increasing home automation and smart devices dominated the global Photo Frame Market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, the Asia pacific region dominated the global Photo Frame Market owing to the region's highly aware and economically stable population.
|Market size value in 2021||USD 56.26 million|
|Market size value in 2030||USD 58 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Photo Frame Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Photo Frame Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Photo Frame Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Photo Frame Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.