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Photographic Activities in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 742 March 2024 Spotlight Report

Revenue

€11.4bn

2019-2024 5.8 %
2024-2029 X.X %

Employees

214k

2019-2024 2.0 %
2024-2029 X.X %

Businesses

202k

2019-2024 2.3 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Photographic Activities in Europe industry analysis

Revenue in the Photographic Activities industry in Europe is anticipated to contract at a compound annual rate of 5.8% to €11.4 billion over the five years through 2024. This decline in revenue is predominately due to the damage caused by the COVID-19 outbreak inflicted on much of the industry’s major photographic activities. The growth of online and amateur photography services has also greatly increased the industry’s revenue decline. The digitalisation of photography and reduced cost of photographic equipment have lowered the industry’s barriers to entry, adding intense emphasis on price and quality of service offered, eating into profitability.

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Industry Statistics and Trends

Photographic Activities in Europe key trends

Professional photographers face challenges due to technological advancements.

 

The fast-paced evolution in camera and smartphone technology allows amateurs to produce high-quality images, intensifying the competition for professionals in the photography field.

The wedding sector is facing challenges due to a fall in marriage ceremonies.

 

The falling marriage rate in Europe has greatly impacted the recovery of businesses tied to weddings, including photography services.

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Photographic Activities in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Photographic Activities in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.8 % over the past five years, to reach an estimated €11.4bn in 2024.

Trends and Insights

The growing ability of individuals to compete with the industry has raised quality expectations

  • Consumers have greater access to photographic equipment, including smartphone cameras, than ever before, pushing many consumers into doing their own photography for events. This has also increased consumers' incentive to take up photography, fuelling the rival amateur photography market.

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Photographic Activities in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Declines in European wedding rates will impact the industry

  • Europe’s wedding market is declining, which is likely to continue, proving incredibly unfavourable for the industry.

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Revenue

€11.4bn

2019-2024 5.8 %
2024-2029 X.X %

Employees

214k

2019-2024 2.0 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.0 % *
  • Job Growth

Top 5 Countries

  1. Latvia +7.5%
  2. Slovenia +7.4%
  3. Spain +7.2%
  4. Hungary +6.9%
  5. Lithuania +6.7%

Bottom 5 Countries

  1. Russia -13.8%
  2. Italy -7.7%
  3. Switzerland -6.1%
  4. Serbia -3.3%
  5. Germany -2.2%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Photographic Activities in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Cewe Stiftung & Co. KGaA
925.0
160.0
17.3
Meero SAS
182.0
29.7
16.3
Nphoto sp zoo
54.1
6.0
11.1

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Photographic Activities in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Photographic Activities industry in Europe in 2024?

The market size of the Photographic Activities industry in Europe is €11.4bn in 2024.

How many businesses are there in the Photographic Activities in Europe industry in 2024?

There are 202k businesses in the Photographic Activities industry in Europe, which has grown at a CAGR of 2.3 % between 2019 and 2024.

Has the Photographic Activities industry in Europe grown or declined over the past 5 years?

The market size of the Photographic Activities industry in Europe has been declining at a CAGR of 5.8 % between 2019 and 2024.

What is the forecast growth of the Photographic Activities industry in Europe over the next 5 years?

Over the next five years, the Photographic Activities industry in Europe is expected to grow.

What does the Photographic Activities in Europe include?

Portrait Photography and Image editing and development are part of the Photographic Activities industry.

Which countries have the most businesses in the Photographic Activities industry in Europe?

The European country with the most businesses in the Photographic Activities industry is Netherlands.

How competitive is the Photographic Activities industry in Europe?

The level of competition is high and increasing in the Photographic Activities industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

The industry includes professional photographers and photographic processing services. Services provided by photographers include portrait and aerial photography, specialist photography, photojournalism and the video recording of special events.

Related Terms

AERIAL PHOTOGRAPHY STOCK PHOTO PORTRAITURE

What's included in this industry?

Portrait PhotographyImage editing and development Product photography Other photographic services

Companies

Cewe Stiftung & Co. KGaAMeero SASNphoto sp zoo

Industry Code

ISIC 2006

742 - Photographic activities in Europe

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Performance

Key Takeaways

The growing ability of individuals to compete with the industry has raised quality expectations

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Photographic Activities in Europe industry (2011 -2029)
  • Employees in the Photographic Activities in Europe industry (2011 -2029)
  • Business in the Photographic Activities in Europe industry (2011 -2029)
  • Profit in the Photographic Activities in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Photographic Activities in Europe industry?


Outlook

Analysis

What's driving the Photographic Activities in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Photographic Activities in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Photographic Activities in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Wedding photography revenue surges. As COVID-19 wound down, the wedding photography industry experienced a robust recovery due to postponed events and new bookings.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Photographic Activities in Europe industry's products and services performing?

Analysis

What are innovations in the Photographic Activities in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Photographic Activities in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The fragmented nature of the industry creates competition. With numerous small businesses and owner-led companies, the photography market's highly fragmented structure has diluted the presence of larger companies.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Cewe Stiftung & Co. KGaA
  • Countries of operation for Meero SAS
  • Countries of operation for Nphoto sp zoo
  • Countries of operation for H Tempest Ltd
  • Countries of operation for Diaz Wichmann Studios SL
  • Countries of operation for Aura Photo Agency SAS
  • Countries of operation for Allcop Farbbild-Service GmbH & Co KG
  • Countries of operation for Concept Photography Ltd
  • Countries of operation for Orwo Net AG
  • Countries of operation for Studio Harcourt Paris

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Copyrighting proves key to protecting revenue. Intellectual property rights are covered by EU copyright legislation, which regulates different elements of creator rights surrounding the protection of their original works.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Photographic Activities in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Automation drives operational efficiency. Emerging trends like digital cameras and photo-editing tools attract more professionals, while automation reduces purchase and wage costs in the industry.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Photographic Activities in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.