According to a new market report published by Credence Research, Inc., “Global Flush Mount Photo Album Market (By End-use Application (Professional-use and Personal-use), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025”, the global flush mount photo album market is expected to witness a steady growth during the forecast period 2017 – 2025.
Flush mount photo albums are modern photo albums with dense, unbending pages wrapped in hard covers that guarantee the durability of the images. The cover of the flush mount photo album is made of leather or glass. Such albums are generally designed in the magazine style and are primarily used for special occasions, including weddings, celebrations or anniversaries. The steady increase in household wealth and total discretionary income has increased the number of destination weddings worldwide.
A increase in disposable income coupled with growing preferences for high quality and robust, state-of – the-art models has prompted consumers to use flush mount albums with matt finishing for wedding ceremonies. On the other hand, professional photographers focus on improving their profit margins by offering online software platforms for consumers to choose the desired format, text and design. Therefore, the industry is experiencing a shift in paradigm from traditional albums to state-of – the-art custom flush mount photo albums.
In addition, technological advances in the photography industry in terms of both camera technology and album content create significant growth opportunities for each participant in the value chain. Collectively, all of these factors drive demand for flush mount photo albums worldwide. On the contrary, the high purchase cost of flush mount photo albums relative to other alternatives is one of the major challenges that prevents market growth.
Over the years, weddings have become more organized around the globe. The positive outlook for the global wedding industry presents an enormous growth opportunity for every participant in the wedding industry. As such, players selling wedding albums, other related image products, and print service providers are rapidly entering this growing market.
Some of the key market players covered in the report includes AdoramaPix, Advanced Photo Lab, Artifact Uprising, Artisan State Inc., AsukaBook, Bay Photo Lab, CCS Photography, Digital Pro Lab, Kenon Book, Midwest Photographic Resource Center Inc., Milk Books, Millers Professional Imaging (Millers Lab), Picaboo, Queensberry, White House Custom Colour (WHCC). Product innovation and focus on leveraging online platforms to target potential customers are key strategies adopted by the key players in the flush mount photo album market.