PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423973
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423973
The global drylab photo printing market size is expected to reach USD 450.77 Million by 2032, according to a new study by Polaris Market Research. The report "Drylab Photo Printing Market Share, Size, Trends, Industry Analysis Report, By Offering (Printers, After-sales Service); By Connectivity; By Print Width; By End User; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for dry lab photo printing has witnessed significant growth due to advancements in technology and changing customer preferences. This technique offers cheaper printing costs, quicker production times, and greater flexibility in print sizes. The surge in demand for digital prints, fueled by the popularity of smartphones and social media, is among the primary drivers behind this growth.
Dry lab photo printing provides an efficient and cost-effective means to satisfy this demand. Conversely, improvements in digital printing technology have enhanced the quality and speed of dry lab printing, making it a feasible substitute for traditional wet processing methods. The elimination of expensive chemicals, water, and energy needed for traditional wet processing has resulted in lower operating costs. However, the cost of equipment and software for dry lab printing is quite high, which acts as a hurdle for some businesses or individuals to enter the market.
The introduction of new advanced printing technologies has played a significant role in driving the growth of the market, replacing traditional wet chemistry-based printing processes with more efficient and cost-effective methods. The market for dry lab photo printing is growing, with major industry players such as Epson, Canon, and HP Development Company competing for a larger market share. An increase in demand for dry lab photo printing products and services characterizes this market growth.
In 2023, the drylab photo printing market witnessed a substantial share of revenue generated from printers, which is attributed to the surging demand for superior-quality prints and the rising trend of personalized photography.
The wired connectivity segment emerged as the dominant force in the global market in 2023, owing to its unparalleled ability to provide high-speed and reliable connections. This was especially crucial for processing large files and data that are required for photo printing, where wired connectivity proved to be the most efficient and effective means of data transfer.
The dry lab photo printing market is primarily led by the commercial end-user segment, owing to the high-quality print requirements of photography studios, print shops, and advertising agencies for their operations.
In 2023, the Asia Pacific region established its dominance in the global dry lab photo printing market. This can be attributed to the widespread adoption of dry lab photo printing technology in the region.
The global key market players include Canon, Citizen Systems Japan Co. Ltd., Dai Nippon Printing Co. Ltd., FUJIFILM Corporation, HiTi Digital, HP Development Company, Kodak Alaris, Noritsu Koki Australia Pty Ltd, Ricoh, Seiko Epson Corporation, etc.
Polaris Market Research has segmented the dry lab photo printing market report based on offering, connectivity, print width, end user, and region: