Rise Above Research announces industry reports

The photo merchandise market is expected to show growth over the next few years despite challenges from inflation and economic uncertainty, according to Rise Above Research’s 2023 U.S. Photo Merchandise Forecast.

The year 2023 will see an overall increase of just under 3% in unit sales, driven by increases in every product area. Sales of photo cards, photo books, photo calendars, and photo wall/tabletop décor are expected to generate over $2.7 billion in 2023, which is an increase of 3.5% over 2022. Unit sales unit increase are expected to be around 1.5% through the forecast period.

“The resilience of the photo merchandise market has been evident over the last few years, as the market recovered from the pandemic and is now continuing to grow despite economic concerns and inflation,” said David Haueter, director and founder, Rise Above Research. “Products like wall décor and photo books make meaningful gifts and are a great value, and there are many consumers who order photo cards and calendars on a regular basis,” he added.

The 2023 U.S. Photo Merchandise Forecast provides a five-year forecast for the products mentioned above and includes units, revenue, average selling prices, and breakouts of online versus retail order channels. A commentary on key drivers and barriers impacting the market is also provided.

Check out the Reports page regularly to see what’s available:

• 2023 Worldwide Image Capture Forecast: 2022-2027 – This forecast report includes our annual estimates on the number of images taken worldwide. It includes estimates on total images taken for the 2022-2027 period, with a breakdown of images taken with smartphones, digital cameras and tablets, along with regional breakdowns for North America, Latin America, EMEA, APAC and Japan. The report also includes estimates on the number of photos saved, which hit around 8.8 trillion in 2022. It’s a great report to get some perspective on the overall scale of images being taken and how that’s going to keep growing over the next few years.

• The 2023 US Photo Retail Landscape – This report takes a look at the current state of the US Retail Photo Landscape, with estimates for installed base of minilab printers, self-serve printers and kiosks for the overall market as well as for each of the three major photo retailers (CVS, Walgreens, Walmart). It also provides estimates on market share for each of the equipment types by the manufacturer.

If you are attending Dscoop Edge St. Louis World Expo, be sure to attend Haueter’s presentation on Photo Merchandise Market Trends and Opportunities, Monday, May 8, at 12:45 p.m. There will be four 45-minute sessions, two on Monday, May 8, and two on Tuesday, May 9, specific for the photo imaging segment. Click here for a special $50 discount; the code will be applied automatically.