Photographic And Photocopying Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Photographic and photocopying equipment refer to a machine that makes copies of documents using a photographic process. Most modern photocopiers use laser technology to do this, using electrical charges to transfer toner to a piece of paper to form an image.

Sizing and Forecast

The photographic and photocopying equipment market size has grown strongly in recent years. It will grow from $40.54 billion in 2023 to $43.01 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to film-based photography, printing and reproduction needs, analog photography, consumer photography, business document management.

The photographic and photocopying equipment market size is expected to see strong growth in the next few years. It will grow to $53.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to digital photography and imaging, office automation and digitization, sustainability and eco-friendly equipment, remote work and hybrid offices, professional and creative photography. Major trends in the forecast period include mirrorless cameras and dslrs, 3D printing and scanning, compact and portable printers, AI and image recognition, high-speed and high-resolution printing.

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Segmentation & Regional Insights

The photographic and photocopying equipment market covered in this report is segmented –

1) By Type: Cameras (Except Television And Video), Projectors, Photocopying Equipment, Other Photographic And Photocopying Equipment

2) By Capacity: Small, Medium, Large

3) By Operation: Autonomous, Semi-Autonomous, Manual

4) By Application: Household, Commercial

Asia-Pacific was the largest region in the photographic and photocopying equipment market in 2023. The Western Europe was the second largest region in the photographic and photocopying equipment. The regions covered in the photographic and photocopying equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth

Increasing demand for digital cameras and accessories is anticipated to fuel the growth for photographic and photocopying equipment market. Digital cameras and accessories refer to a range of electronic devices and supplementary equipment used for capturing, storing, and processing digital images and videos. Photographic and photocopying equipment complements digital cameras by enabling users to print, scan, copy, edit, and enhance digital images and documents, serving various personal, professional, and creative purposes. For instance, in August 2023, according to the Camera & Imaging Products Association, a Japan-based organization, mirrorless cameras achieved a remarkable 20% year-on-year growth, reaching 253 billion yen ($17 billion) in the first half of the year, marking a third consecutive record high. Further, China witnessed the most significant increase at 44%, while Japan and Europe registered growth of 30% and 9%, respectively. Therefore, the increasing demand for digital cameras and accessories is expected to propel the growth of the photographic and photocopying equipment market.

Key Industry Players

Major companies operating in the photographic and photocopying equipment market include Canon Inc., Ricoh Group, Sony Corporation, Sharp Corporation, Nikon Corp, Fujifilm Corporation, Panasonic Corporation, Logitech International S.A., GoPro Inc., Olympus Corporation., Samsung Electronics Co., Xerox Corporation, Avid Technology Inc., X-Rite Inc., Eastman Kodak Company, Konica Minolta Inc., Polaroid Corporation, Leica Camera AG, Victor Hasselblad AB, Mamiya Digital Imaging Co. Ltd., Pentax Ricoh Imaging Company Ltd., Sigma Corporation, Tamron Co. Ltd., Tokina Co. Ltd., Schneider Kreuznach, Carl Zeiss AG, Fujinon Corporation, Rodenstock GmbH, Sinar AG, Linhof & Studio Ltd., Horseman Co. Ltd.

The photographic and photocopying equipment market report table of contents includes:

Executive Summary
Photographic And Photocopying Equipment Market Characteristics
Photographic And Photocopying Equipment Product/Service Analysis -Product/Service Examples
Photographic And Photocopying Equipment Market Trends And Strategies
Photographic And Photocopying Equipment Market – Macro Economic Scenario

Global Photographic And Photocopying Equipment Market Competitive Benchmarking
Global Photographic And Photocopying Equipment Market Competitive Dashboard
Key Mergers And Acquisitions In The Photographic And Photocopying Equipment Market
Photographic And Photocopying Equipment Market Future Outlook and Potential Analysis
Appendix

Top Major Players: