$101.4m
$XX.Xm
4,284
3,322
$XX.Xm
The industry, which rents out photo booths for events, weddings and other parties, performed well over the five years to 2024. This enhanced level of performance is due to the sharp economic recovery as COVID restrictions dissipated, enabling social events to resume uninhibited. Nonetheless, intense competition from smartphone cameras has mitigated the industry’s overall rise. The industry has responded to shifting consumer preferences by increasing the number of nonemployer professionals who can offer rental services at a lower rate than large, established companies. Still, the COVID-19 pandemic precipitated a massive decline in revenue in 2020 as photo booth rental companies and their clients were prohibited from gathering together, but this has been completely rectified and trends have reversed. Photo booth rental revenue has been expanding at a CAGR of 3.9% over the past five years and is expected to total $101.4 million in 2024, when revenue will fall an estimated 0.2%. Profit will also strengthen amid lower labor fees.
Industry revenue has grown at a CAGR of 3.9 % over the past five years, to reach an estimated $101.4m in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Photo Booth Rental in the US industry for IBISWorld to include in this product.
Photo Booth Rental in the US
Industry revenue is measured across several distinct product and services lines, including Open photo booths, Magic mirror photo booths and Ring roamer photo booths. Open photo booths is the largest segment of the Photo Booth Rental in the US.
Magic mirror photobooths are highly innovative
Operators in this industry rent photo booths for events, including weddings and other parties.
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NAICS 541921 - Photo Booth Rental in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Robust growth in the national marriage rate propels revenue growth. With more consumers entering marriage, it created robust demand for photo booth rentals.
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Magic mirror photo booths remain the industry’s largest product. 360 photo booths also account for a significant portion of demand.
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Formal rules and obstacles to entering the industry don't exist, and start-up fees are often not too high. Still, companies must have the necessary funds to acquire the initi...
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The light regulatory landscape is beneficial for smaller companies. With few regulations surrounding rental servicers, there are limited compliance costs.
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Profit has increased over the past five years. Photo booth rental companies have increasingly been renting out higher-end products, which has contributed to the rise in profi...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Photo Booth Rental in the US industry in United States is $101.4m in 2024.
There are 3,322 businesses in the Photo Booth Rental in the US industry in United States, which has grown at a CAGR of 3.0 % between 2019 and 2024.
The market size of the Photo Booth Rental in the US industry in United States has been growing at a CAGR of 3.9 % between 2019 and 2024.
Over the next five years, the Photo Booth Rental in the US industry in United States is expected to grow.
Renting photo booths and Printing photos are part of the Photo Booth Rental in the US industry.
The level of competition is high and increasing in the Photo Booth Rental in the US industry in United States.