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Professional Photographic Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Feb 29, 2024
Length 41 Pages
SKU # IBSS18598961

Description

Professional Photographic Services in Australia - Industry Market Research Report


Professional Photographic Services in Australia

The widespread adoption of smartphones and digital camera technology by consumers and amateur photographers has weakened demand for the Professional Photographic Services industry over the past few years. The update and development of user-friendly features on many digital and smartphone cameras have stifled spending on photographic services. Restrictions relating to the COVID-19 pandemic in 2019-20 and 2020-21 postponed events like weddings, reducing demand for services such as wedding photography. Revenue is expected to decline at an annualised 1.4% over the five years through 2022-23, to an estimated $965.2 million, with profit margins also estimated to drop. This includes an anticipated revenue decline of 4.3% in 2022-23 as marriage numbers decrease.

Operators primarily provide still, video or computer photographic services, including portrait, professional, street, studio and special events photography. The industry includes the videotaping of special events such as weddings, and virtual tours of properties listed for sale, but excludes motion picture filming and video production.

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.

Table of Contents

41 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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