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 day photo albums with thick unbending pages bind in hard covers that ensures longevity of photographs. The cover of flush mount photo album is made of either leather or glass. These albums are generally designed in magazine-style and majorly used for special occasions including wedding, functions or anniversaries.
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The steady rise in household wealth and overall discretionary income has increased the number of destination weddings worldwide. Rise in disposable income coupled with growing preferences for high quality and durable state-of-the-art variants has encouraged consumers to use flush mount albums with matt finishing for wedding ceremonies. On the other hand, professional photographers are focusing on improving their profit margins by offering online application platforms for customers to choose desired layout, text, and design. Thus, the industry is witnessing a shift in paradigm from conventional albums to state-of-the-art customized flush mount photo albums. In addition, technological advancements in the photography industry in terms of both camera technology and album material are creating significant growth opportunities for every participant in the value chain. All these factors are collectively driving demand for flush mount photo albums worldwide. On the contrary, high purchase cost of flush mount photo albums as compared to other equivalents is one of the major challenges inhibiting market growth.
Over the years, weddings have become more organized across the globe. The positive outlook of the global wedding industry presents a huge growth opportunity for every participant associated with the wedding industry. As such players offering wedding albums, other related photo merchandise, and print service providers are increasingly venturing into 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.
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