USD 56.26 million
Photo Frame Market Size, Share, Growth Analysis, By Product Type(Improved Multimedia Digital Photo Frames, Simple Function Digital Photo Frames), By Application(Household, Commercial), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15H2012 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
61
|Figures:
75
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Tablet Frames
Fastest Growth
Tablet Frames
Growth Rate
3.1% CAGR
Global Photo Frame Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Photo Frame Market Segmental Analysis
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.
Global Photo Frame Market Share By Type, 2021 (%)
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Photo Frame Market Regional Insights
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.
Global Photo Frame Market By Geography, 2021 - 2028
- Largest
- Fastest
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Photo Frame Market Dynamics
Photo Frame Market Driver
- The widespread use of home automation and smart devices is driving the demand for digital photo frames. Additionally, a rising standard of living encourages the introduction of technologically improved products, which is anticipated to drive the growth of the worldwide digital photo frame market.
- During the projected years, demand for digital picture frames is also anticipated to be driven by additional factors like the availability of personalized digital photo frames and the growing popularity of smart home decor items.
Photo Frame Market Restraint
- One of the main restraints on the market's growth is consumers' disregard for photo frames due to the growing use of smartphones.
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Photo Frame Market Competitive Landscape
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
- Aluratek
- Walmart Inc.
- IKEA AB
- Bed Bath & Beyond Inc.
- Target Corporation
- Kohl's Corporation
- Amazon.com, Inc.
- Michaels Stores, Inc.
- Williams-Sonoma, Inc.
- The Home Depot, Inc.
- Wayfair Inc.
- TJX Companies Inc.
- Crate and Barrel Holdings, Inc.
- Pottery Barn
- Framebridge, Inc.
- Minted LLC
- Artifact Uprising LLC
- Nations Photo Lab, Inc.
- Shutterfly, Inc.
- CVS Pharmacy Inc.
Photo Frame Market Recent Development
- In April 2021, Sycamore Partners announced that it had purchased NBG Home ("NBG") from Kohlberg & Company, LLC. NBG will be able to concentrate more on its production and growth thanks to this acquisition.
- In October 2021, Aura announced the release of a new smart photo frame assembly in October 2021 that will enable customers to mount photos from their phones to the walls of their homes.
Photo Frame Key Market Trends
- Step with Eurostat, families inside the eu Union have spent 5.5% of the full expenditure on furnishing and household maintenance in 2021. This explains the considerable attention european households have toward domestic decoration, regarding a tremendous surge in call for for striking picture frames. boom within the real property quarter in tandem with a upward thrust in services for interior designing are some of the determinants probable to reinforce the market boom. some of the other elements like developing popularity of indoors designing across the globe and increasing disposable earnings also are supplying an impetus to market boom. in keeping with BIFMA, the North the united states business furnishings market accounted for US$ 17.89 billion in 2021, which included office, instructional, and healthcare sectors.
Photo Frame Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 56.26 million |
| Market size value in 2031 | USD 76.35 million |
| Growth Rate | 3.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Photo Frame Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Photo Frame Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Photo Frame Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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