Photographic Activities in the UK - Industry Market Research Report

Say cheese: Wedding photography likely to suffer as the marriage rate slows

Over the five years through 2023-24, revenue is expected to contract at a compound annual rate of 4.6% to £1.4 billion. The decline is primarily related to the growth of online photography services and the affect of COVID-19 disruptions on major markets, including wedding photography. Technological developments and the declining cost of photography equipment have enabled consumers to take their own high-quality photographs. This has raised the number of amateur and hobby photographers who often provide similar services to professional photographers at lower prices. However, new technologies have encouraged some photographic companies to deliver new services, including canvas printing, protecting the industry against larger revenue declines. The industry includes professional photographers and photographic processing services. Services provided by industry operators include portrait and aerial photography, specialist photography, photojournalism and the video recording of special events. The industry excludes the processing of motion pictures for the TV industries. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.