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Q: Market size of PhotoFinishing/LargeFormat ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: Market size of PhotoFinishing/LargeFormat
Category: Business and Money > Consulting
Asked by: mannypark-ga
List Price: $20.00
Posted: 13 Aug 2003 15:54 PDT
Expires: 12 Sep 2003 15:54 PDT
Question ID: 244446
What is the size(in dollar value) of PHOTO FINISHING INDUSTRY IN THE USA?
Or/and,
What is the size(in dollar value) of LARGE-FORMAT PRINTING INDUSTRY IN THE USA?
Answer  
Subject: Re: Market size of PhotoFinishing/LargeFormat
Answered By: bobbie7-ga on 14 Aug 2003 07:01 PDT
Rated:5 out of 5 stars
 
Hello Mannypark,


======================
Photfinishing Industry 
======================

According to an article in Serverworld Print Magazine the dollar value
of the photo finishing industry in the USA is of $14 billion.


HP Enters $14 Billion Photofinishing Market Providing Digital Imaging

“Hewlett-Packard Co. (www.hp.com) has entered the $14 billion consumer
photofinishing market with the intention to be a complete digital
imaging solutions provider to both central and on-site retail photo
labs.”

Serverworld Monthly Magazine
http://www.serverworldmagazine.com/monthly/2002/04/photo.shtml


---------------------------------------------------------------


“Hewlett-Packard Co. said Monday it was entering the $14 billion
consumer photofinishing market as a digital imaging solutions provider
to both central and on-site retail photo labs.”

Source: Business Journal
http://www.bizjournals.com/sanjose/stories/2002/02/25/daily9.html


---------------------------------------------------------------
 

“In a year where layoffs at computer giant Hewlett-Packard Co. have
dominated the headlines, the HP digital imaging staff in Greeley has
quietly broken into the $14 billion consumer photofinishing market.”

“It's a potentially huge market for HP, which estimates 53 percent of
the population plans to buy a digital camera in the next six months;
36 percent plan to buy a scanner.”

Source: Coloradoan News
http://www.coloradoannews.com/news/stories/20021219/business/606210.html


---------------------------------------------------------------


The size of the U.S. traditional photofinishing market was worth $6.5
billion according to a PMA Industry Trends Report of 2000-2001.

“The PMA Industry Trends Report Retail Markets 2000-2001 identifies
the size of the U.S. traditional photofinishing market at $6.5 billion
annually with over 1 billion rolls of film developed. A recent study
by InfoTrends Research Group, Inc. identifies that digital camera
sales will grow exponentially over the next several years, with 2001
numbers almost doubling 2000’s, to 18 million U.S. households. 2002 is
expected to see sales of digital camera units surpass film camera
units. As a result of the mass adoption of digital cameras, a
transition is occurring from film-based photography to digital
photography that will have dramatic impact on the photofinishing
market.”
http://www.prweb.com/releases/2002/1/prweb32406.php



==============================
Large-format Printing Industry 
==============================

  
From an abstract of the CAP Ventures white paper entitled “Large
Format Digital Print Market Segment Profile: Digital Print
Specialists,” which profiles the digital print specialist market
segment:

“CAP Ventures said in the past that the large format digital print
market is not a market, but a collection of vertical market segments
that have one thing in common: they all make large format prints. Each
vertical market segment has its own hardware and supplies
requirements, usage patterns, and buying habits.”

(..)

“The introduction of Sign & Banner printing business by Kinko's means
that Kinko's can no longer be considered a Quick Printer, but it also
cannot be considered a Sign Shop. Kinko's is now the premier example
of a new category of print providers: Digital Print Specialists.”

(..)

“Digital print specialists are printing companies focused on digital
color printing for retail and business customers. They primarily use
digital prepress systems and output devices to produce print.”

(..)

“The mean annual revenue for printing and related services for digital
print specialists is $4.2 million.”


(..)

Market Size and Market Forecast

“Digital print specialists are one of the largest and fastest growing
segments of the large format digital graphics market. Overall, the
sales of hardware, ink, and media in this segment are expected to grow
in dealer revenue from nearly $600 million in 2001 to $800 million by
2005.”
 
CAP Ventures, February 2003
http://scorsese.capv.com/eprise/main/Store/pdf/DigitalPrintSpecialist.pdf


---------------------------------------------------------------


Worldwide

“CAP Ventures, in its newly released Large Format Market Forecast
projects that the worldwide large format graphics market, including
all technologies, will grow from $2.41 billion in 1998 to $6.51
billion in 2003, a CAGR (cumulative average growth rate) of 22percent.
This forecast number includes all large format graphics hardware,media
and ink and toners for thermal and piezo inkjet, electrostatic,
superwide, digitalphotowriters and thermal transfer.”
http://www.globalprint.com/eng/news/newsanzeigen.jsp?lang=en&news=1994


---------------------------------------------------------------


The NPES study projects that retail sales of large format print output
could reach $11.3 billion by 2005.
http://www.creativepro.com/printerfriendly/story/17027.html


---------------------------------------------------------------


Perhaps my previous research on the digital photography market may
interest you. You may view my answer at the following URL:
http://answers.google.com/answers/main?cmd=threadview&id=217005



Search Criteria:

U.S. "LARGE-FORMAT PRINTING" market billion OR million
U.S. "PHOTOFINISHING market” million OR billion



I hope the above information helps you in your research. If anything
is unclear or if a link does not function, please let me know and I’ll
be glad to offer further assistance.


Best Regards,
Bobbie7-ga

Request for Answer Clarification by mannypark-ga on 17 Aug 2003 20:55 PDT
Researcher,

Can you get charts/graphs on the U.S. large format industry statistics
regarding market size, market growth, shares of services/formats or
anything that can be visual part of this research? If not available,
please advise me.

Your report is excellent so far. Thank you so much.

Manny Park

Clarification of Answer by bobbie7-ga on 17 Aug 2003 23:01 PDT
Dear Manny Park,

I noticed in your clarification that you are requesting additional
information that was not included in your original question. I would
suggest that you post a new question asking for this information as
researchers are instructed to answer the original question. I hope
that this is not too inconvenient for you.

At any rate I did additional research and I located some material that
may be of your interest.

This publication contains one pie chart and one graph on page three.
On page 1 and 2 there is detailed market information.
http://www.digitaloutput.net/back%20edit/july03/WF-forecast.pdf

This Large Format Printing Survey provides 8 pages of graphs and
charts.
http://www.capv.com/eprise/main/home/Presentations/LFPStudy.pdf

There are five pie charts and graphs in this publication
http://www.digitaloutput.net/back%20edit/july02/July02-itstrategies.pdf

Here is a link to a list of fee based publications matching the large
format printing category.
http://www.capv.com/Store/byCategory.html?sort=PubDate&order=DESC&category=Large+Format+Printing

I am pleased that you found that my original answer was excellent.

Sincerely, 
Bobbie7
mannypark-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00
Very impressive! Thank you for going extra miles with additional
information added later. Hope you will help me again with other
research needs.
Manny Park

Comments  
Subject: Re: Market size of PhotoFinishing/LargeFormat
From: bobbie7-ga on 19 Aug 2003 22:54 PDT
 
Dear Manny Park,

Thank you for the nice rating and tip! I would be happy to help you
again with other research needs that you may require.

Sincerely,
Bobbie7

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