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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Photofinishing
Market Size & Industry Statistics
The total U.S. industry market size for Photofinishing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe photofinishing industry is currently experiencing a number of key trends that are shaping the future of the industry.
One key trend is the move towards digital technologies, as digital cameras and smartphones have become the most popular way to capture images. This has led to a decline in traditional film-based photo processing and an increase in digital printing services.
Another trend is the growing popularity of instant photo printing, with consumers seeking quick and easy ways to print their photos. This has led to the development of new technologies such as on-the-spot printing kiosks and mobile applications that enable users to print directly from their smartphone.
There has also been a shift towards personalized and customized photo products, with consumers looking for unique and creative ways to display and share their images. This has created new opportunities for photofinishing companies to offer a range of personalized photo products, such as photo books, canvases and photo gifts.
Additionally, the rise of social media has changed the way people share and consume photos, with many users choosing to share their images online rather than print them. This has led to new services such as social media photo printing and the creation of online photo sharing platforms.
Finally, there is a growing demand for eco-friendly and sustainable photo products, with consumers seeking environmentally-friendly options such as recycled paper and non-toxic inks. Companies in the photofinishing industry are responding to this trend by offering a range of eco-friendly photo products and adopting more sustainable practices throughout their operations.
Product & Services BreakdownResearch products and services in the Photofinishing industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Number of Companies||Sales ($ millions)||Percent of Total Sales|
Digital Photo And Photofinishing Services
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Photofinishing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Photofinishing industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Photofinishing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||4%|
|Personal Care and Service Occupations||44%|
|Animal Care and Service Workers||36%|
|Office and Administrative Support Occupations||10%|
|Transportation and Material Moving Occupations||21%|
|Other Transportation Workers||15%|
Photofinishing Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Photofinishing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Photofinishing industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Photofinishing industry.
Government ContractsIn 2022, the federal government spent a total of $185,689 on Photofinishing. It has awarded 5 contracts to 4 companies, with an average value of $46,422 per company.
|Most Recent Contracts||Date||Total Award Amount|
|H.A.S. IMAGES INC. |
136 N Saint Clair St Ste 300
|Jun 21, 2023||$59,990|