Photographic And Photocopying Equipment Global Market Report 2022

Photographic And Photocopying Equipment Global Market Report 2022

  • May 2022 •
  • 300 pages •
  • Report ID: 6282447 •
  • Format: PDF
Major companies in the photographic and photocopying equipment market include Canon Inc, Ricoh Group, Sony Corp, Sharp Corporation, Nikon Corp, Fujifilm Corporation, Panasonic Corporation, Logitech International S.A, GoPro Inc, and Olympus Corporation.

The global photographic and photocopying equipment market is expected to grow from $37.96 billion in 2021 to $41.11 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The market is expected to grow to $54.26 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%.

The photographic and photocopying equipment market consists of sales of photographic and photocopying equipment by entities (organizations, sole traders, and partnerships) that produce photographic and photocopying equipment such as cameras (except television and video), projectors, film developing equipment, photocopying equipment, and microfilm equipment.

The main types of photographic and photocopying equipment are cameras (except television and video), projectors, photocopying equipment, and other photographic and photocopying equipment.Projectors refer to the device that projects an image on a screen or a surface.

The various capacities include small, medium, and large.The various operations include autonomous, semi-autonomous, and manual.

These are used in households and commercials.

Asia Pacific was the largest region in the photographic and photocopying equipment market in 2021.The Western Europe was the second largest region in the photographic and photocopying equipment.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The photographic and photocopying equipment manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period.

The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the photographic and photocopying equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally.COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing.

The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia.Manufacturers depend heavily on the supply of raw materials from domestic and international suppliers.

As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials.The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021.

However, it is expected that the photographic and photocopying equipment manufacturing market will recover from the shock across the forecast period as it is a ’black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Projector manufacturers are offering laser projectors to customers seeking energy-efficient equipment that offers high-quality images.Laser projectors use laser light sources whereas traditional projectors use xenon lamps.

Laser projectors offer high-quality images, vivid color reproduction, and 20000 hours of maintenance-free operation.Laser projectors are comparatively energy-efficient and last longer than lamp-based projectors.

Laser projectors are widely used in business presentations, home theatre systems, gaming, and movie screening.Due to these benefits, laser projectors are one of the fastest-growing segments of the projector market.

Major companies manufacturing laser projectors are Epson, Casio, Sony, Christie, and Panasonic.

The countries covered in the photographic and photocopying equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam.