MARKET OVERVIEW
1.1 Definition and scope of study
A photo booth is a booth located in a public place where a person can take passport photos or self-portraits individually or collectively. The photo booth is a vending machine, since the service is charged in cash or, as of lately, by credit card. It is also used as a rental service in event settings. The traditional photo booth service is slowly evaporating. Instead, what is prevailing in this market are photo booth used at events where the photos taken are purely for entertainment purpose. Indeed, it is possible to rent photo booths for private, corporate, or other types of events. With this in mind, we consider two segments in this market analysis: on one hand, renting photo booth for leisure or business purposes, and, on the other hand, purchasing photos at fixed photo booth stations.
The global photo booth market was valued at $378.25 million in 2020, and is expected to reach $810.41 million by 2027, growing at a CAGR of 11.5% during the forecasted period.
Going back to what we mentioned at a global level, Italy is experiencing an emergence in rental services for photo booth machines, which are used to entertain guests at private or corporate events. An example is given by Overthebox, an online platform which provides different types of photo booth machines for events. Therefore, in exchange for a fee depending on type and dimension, a client can rent for some hours or days a machine, aimed at giving a vintage touch to their events.
Given the success experienced by the first companies offering such service, nowadays a number of individuals are starting small activities specialized in this service. Right after the recovery from the pandemic, events are back, taking place in physical places and including lots of guests. Therefore, the possibility to give such service to guests is seen as a fun and attractive way to entertain them during special occasions, even including weddings and ceremonies.
ANALYSIS OF THE DEMAND
MARKET STRUCTURE
ANALYSIS OF THE OFFER
REGULATION
POSITIONING OF THE ACTORS
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Reviews (5)
The performing arts market - France
Publicado en 22/09/2022 by Anais Reteux
Etude généraliste mais très bien réalisée du marché du spectacle vivant dont on trouve assez peu d'analyse aussi complète.
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Merci infiniment Anaïs pour votre retour. Nous sommes ravis d'avoir été à la hauteur de vos attentes!
The holiday rental market - France
Publicado en 26/04/2022 by MATTHIEU VANDERPERRE - ETS VANDERPERRE
I am very satisfied with the contents of the study which will come to enrich my file of request for financing for a project related to the seasonal hiring
The board game market - France
Publicado en 13/01/2022 by Nicolas Silvani - LudoTech
A good overview of the market that doesn't neglect new market developments and at an affordable price. I am interested in a more in-depth study of new trends and players.
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The board game market - France
Publicado en 15/12/2021 by Client anonyme - Ce client a souhaité rester anonyme
Very useful
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The board game market - France
Publicado en 14/12/2021 by Client Anonyme - Ce client a souhaité rester anonyme
Etude sérieuse avec de bonnes références.
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