Picture Framing Stores
Operators in the Picture Framing Stores industry provide custom framing services and sell ready-made frames and other craft supplies to a variety of customers. Over the past five years, the industry has contracted due to heightened competition from online retailers, toy and hobby stores and big-box retailers. External operators offer a wider variety of services and competitively priced products as well as added convenience. Moving forward, the Picture Framing Stores industry will continue its structural descent as external competition mounts and consumer preferences change. However, improving economic conditions, particularly in the form of rising disposable income and consumer expenditure, will slow the pace of the industry's decline. Furthermore, demand for artwork is expected to rise, contributing to sales of custom frames during the period. As a result, over the five years to 2023, industry revenue is forecast to decrease at a slower rate.
This industry primarily provides custom framing services for pictures and other items. Industry establishments may also retail ready-made frames and other crafting supplies. This industry does not include broad-line crafting stores that also offer framing services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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