Photography market to grow by 3.8% per year

Image source: BCC Research

By Andrew Hudson Published: April 16, 2012 Updated: November 26, 2013

The global photography market is expected to grow by 3.8% for the next few years, according to a new report.

BCC Reasearch — a leading information resource producing high-quality market research reports, newsletters, and conferences — has published a report on “Digital Photography: Global Markets” with the following highlights:

  • The global photography market was valued at $68.4 billion in 2011 and should reach $82.5 billion in 2016, a 3.8% compound annual growth rate.
  • 55% of that market is for cameras and lenses.
  • In contrast, the photo print industry is expected to decline slightly from $25 billion in 2011 to $24.7 billion in 2016.

Source: Highlights from report IFT030C by BCC Research, published March 2012.

Source: BCCResearch via >Photography Blog.

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