Product ID: SQMIG15H2012
Global Photo Frame Market Size, Share, Growth Analysis, By Product Type(Improved Multimedia Digital Photo Frames, Simple Function Digital Photo Frames), By Application(Household, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG15H2012 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
61 |
Figures:
75
Global Photo Frame Market Insights
Global Photo Frame Market size was valued at USD 56.26 million in 2019 and is poised to grow from USD 58 million in 2023 to USD 76.35 million by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).
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 Photo Frame Market Report Snapshots
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