Drylab Photo Printing Market by Offering (Printers, After-sales Services), Connectivity (Wired, Wireless), Print Width (Below 4 Inches, 4 Inches-6 Inches, Above 6 Inches), End-user (Consumer, Commercial) and Region - Global Forecast to 2029
[186 Pages Report] The drylab photo printing market is expected to reach USD 0.4 billion by 2029 from 0.3 billion in 2024, at a CAGR of 5.4% during 2024-2029. A state-of-the-art solution in photo printing, the drab photo printing system leverages thermal dye-sublimation technology to produce high-quality and durable photo prints. Departing from the conventional methods employed by traditional photo printers using wet chemicals, dryad printing presents many advantages. These encompass superior print quality, accelerated printing speeds, compatibility with diverse media types, scalability to meet varying production demands, operational efficiency, cleanliness (attributed to the absence of wet chemicals), and a user-friendly interface ensuring seamless functionality.
These drylab printers offer an enticing fusion of premium printing output, rapid production speeds, versatility in handling various media formats, and operational efficiency. This convergence positions them as the preferred choice for professionals and businesses seeking top-tier photo prints with the added benefit of expedited turnaround times. The comprehensive features of drylab photo printing set a higher standard in image reproduction, providing a reliable and efficient solution for those with discerning requirements in photography and print production.
The advantages of the drylab photo printing market are evident on multiple fronts. From an environmental perspective, drylab technology is an eco-friendly alternative, consuming less energy and eliminating the need for hazardous chemicals. This contributes to a more sustainable printing option than traditional wet lab printing. In terms of output quality, drylab printers excel, delivering prints with precise color reproduction and outstanding detail. Moreover, these printers often boast a broader color gamut than their traditional counterparts, enabling the creation of vibrant prints that are exceptionally true to life. In essence, the drylab photo printing market offers a combination of environmental consciousness, top-notch print quality, and an expanded color spectrum, making it a compelling choice for those seeking ecological sustainability and outstanding printing results.
Drylab Photo Printing Market Forecast to 2029
To know about the assumptions considered for the study, Request for Free Sample Report
Drylab Photo Printing Market Dynamics
Driver: Advancements in printing technology
The Drylab Photo Printing market is experiencing a transformative wave, propelled by rapid advancements in printing technology. Innovations in inkjet technology, along with improved resolution, color accuracy, and overall print quality, are reshaping the landscape of photo printing. This technological evolution enhances the visual appeal of printed images and contributes to the market's growth by attracting professionals and enthusiasts seeking superior results. The cost efficiency achieved through these advancements makes drylab photo printing more accessible. At the same time, increased printing speeds and efficiency cater to the demands of quick-turnaround environments such as photo studios and retail labs. Furthermore, the versatility offered by modern printing technologies enables printing on various media, expanding the applications of drylab photo printing. Connectivity features that integrate seamlessly with digital workflows and environmental considerations, such as eco-friendly printing processes, are additional drivers fostering the evolution of the Drylab Photo Printing market into a dynamic and technologically advanced sector.
Restraint: High initial investment
The initial investments in drylab photo printers are quite high. Moreover, installation and maintenance also incur higher costs. One of the main factors responsible for this high cost is the complexity of the design of drylab photo printers. The requirement of toner and inkjet varies according to applications. The cost of setting up a drylab photo printing business is significant and can deter potential investors. Additionally, the ongoing costs of operating a drylab printer can be high due to the need to purchase expensive consumables. As a result, many businesses are hesitant to invest in drylab photo printing, especially in developing countries. Moreover, the cost of ink used in the inkjet technology is very high. Thus, all these factors lead to the increased overall cost of drylab photo printers.
Here are some of the specific challenges associated with the high initial investment in drylab photo printing:
- The cost of the drylab printer itself can be prohibitive, especially for small businesses or entrepreneurs.
- The cost of consumables, such as photo paper and ink, can also be high.
- The cost of training staff to operate the drylab printer can be an additional expense.
- The cost of marketing and promoting the drylab photo printing service can also be significant.
Opportunity: Growing demand for sustainable systems for high quality photographic printing
Sustainable printing helps in reducing the adverse impact on the environment. It uses recycled and renewable resources, e.g., process-free plates, such as cold press plates, to help eliminate volatile compounds. Hence, the use of drylab photo printing is increasing. Drylab Photo Printing offers a more sustainable alternative than traditional printing methods that often involve chemical processes and large amounts of water. Drylab technology typically uses dry processing techniques, reducing water consumption and eliminating the need for harmful chemicals. This aligns with the global push for eco-friendly practices and green technologies.
Moreover, the shift towards sustainability is not just a trend but a significant factor influencing purchasing decisions. Businesses and consumers actively seek products and services demonstrating a commitment to environmental responsibility. In this context, the drylab photo printing market is well-positioned to capitalize on the demand for sustainable printing solutions in high-quality photography.
Challenge: Competition from Online Services
The emergence of mobile applications and web-based platforms dedicated to photo printing has also intensified the competition. These platforms leverage user-friendly interfaces and advanced technologies to enhance the overall customer experience, setting a higher standard for convenience and efficiency. The growing popularity of digital delivery of documents and data is expected to reduce the demand for printing certain products such as directories, financial records, advertisements, and books. Digital signage, billboards, and other media are increasingly used in outdoor and indoor advertisements. Digital signage can be of different types. A backlit display showing ads, LCD, or indoor signage can be used at point-of-purchase (POP)/point-of-sale (POS). Digital signage is a part of out-of-home (OOH) advertising. It has several applications, such as providing public information, displaying menus, advertising products, building brands, influencing customer behavior, and enhancing customer experience. Marketers are using these digital billboards in innovative ways. With the help of digital billboards, advertisers can display their messages according to time, location, and geography. Full-motion digital electronic signs allow advertisers to change their messages and display pictures from a remote location. A marketer can promote an entire range of products with the help of digital signage boards without incurring a high cost. These factors pose a challenge to the growth of the drylab photo printing market.
Additionally, some websites serve as online sources of public domain material, offering e-books, novels, and documents for educational and recreational purposes. The growth in demand for e-books is a major challenge for printing businesses. Furthermore, self-publishing e-books affect traditional publishing businesses as writers can instantly publish their books and make them accessible. Thus, the exponential growth of e-books in recent years acts as a challenge for the drylab photo printing market.
Drylab Photo Printing Market Ecosystem
The prominent players in the drylab photo printing market are FUJIFILM Corporation (Japan), Seiko Epson Corporation (Japan), Dai Nippon Printing Co., Ltd. (Japan), Kodak Alaris Inc. (UK), and HP Development Company, L.P. (US).
China in the Asia Pacific region is expected to have the highest market share in the forecast period.
The growth of the drylab photo printing market in China can be attributed to a convergence of factors propelling its expansion. Firstly, the rise in disposable income among the population has empowered consumers to invest in personalized and high-quality products, creating a demand for custom photo prints. Urbanization, especially in major cities, has brought about lifestyle changes, fostering a preference for unique and customized photo printing services for various purposes, including personal use and event memorabilia. The burgeoning middle class, seeking more sophisticated and personalized services, further fuels market growth. Continuous advancements in drylab printing, offering faster speeds and enhanced capabilities, align with China's commitment to innovation and contribute to the technology's appeal. The e-commerce boom provides a convenient platform for consumers to access and order personalized prints. Additionally, the growing interest in photography as a hobby and the cultural significance of capturing and preserving memories further drive the demand for high-quality photo prints, positioning drylab printing as a preferred solution. Government support for technological innovation and the digital economy also fosters a conducive environment for the growth of the market in China.
The printer segment of the drylab photo printing market is expected to have the largest market share by wired connectivity during the forecast period.
Drylab photo printers, commonly referred to as digital minilabs, signify a noteworthy progression in photographic printing technology. These printers employ a dry printing process to produce high-quality photographs, distinguishing them from traditional wet lab photo printers that utilize liquid chemicals in the development process. Instead, dry lab printers use solid inks or dyes transferred to the paper through heat or pressure, rendering them more environmentally friendly and less cumbersome to operate than their wet lab counterparts.
In addition to their environmental advantages, drylab photo printers exhibit superior speed and efficiency, outperforming wet lab printers. Furthermore, they offer the versatility to produce a broader range of print sizes and formats. Consequently, dry lab printers are gaining popularity in professional and commercial photo printing applications.
- Highlighted below are some of the key benefits associated with using dry lab photo printers:
- Environmental Friendliness: Drylab printers eliminate the use of liquid chemicals, contributing to a more environmentally friendly printing process.
- Mess-Free Operation: Operating drylab printers is significantly less messy than wet lab printers, enhancing overall cleanliness and ease of use.
India is expected to grow at the highest CAGR in the Asia Pacific region for the drylab photo printing market
Various factors drive the growth and innovation in India's dry lab photo printing market. The introduction of advanced dry lab printers, exemplified by models from Kodak Alaris Inc. and Seiko Epson Corp., has revolutionized high-production photography workflows. These printers have effectively replaced traditional chemical processes, delivering heightened profitability and exceptional print quality. This technological shift contributes significantly to the dynamic evolution of the industry. Despite the increasing popularity of digital alternatives, dry lab photo printing remains prevalent in the Indian market for several reasons. The cultural significance of printed photos is substantial, holding immense value for gifting, special occasions, and home decor, ensuring sustained demand. Affordability is a key factor, with dry lab prints being generally more cost-effective than traditional film-based prints, enhancing accessibility across a broader segment of the Indian population. This affordability encourages more frequent printing and widespread photo sharing. Additionally, the preference for instant gratification is crucial. Dry lab printing, providing immediate results, contrasts sharply with online printing services that involve delivery time. This aligns with the preferences of Indians who prioritize convenience and quick turnaround, reinforcing the resilience of dry lab photo printing in the Indian market.
Drylab Photo Printing Market by Region
To know about the assumptions considered for the study, download the pdf brochure
Key Market Players
The major players in the drylab photo printing companies with a significant global presence include Seiko Epson Corporation (Japan), Dai Nippon Printing Co., Ltd. (Japan), FUJIFILM Corporation (Japan), Noritsu Koki Co., Ltd. (Japan), Kodak Alaris Inc. (UK), HiTi Digital, Inc. (Taiwan), Canon Inc. (Japan), HP Development Company, L.P. (US), Sinfonia Technology Co., Ltd. (Japan), Citizen Systems Japan Co., Ltd. (Japan), Polaroid Corporation (US), Mitsubishi Electric Corporation (Japan), and Ricoh (Japan).
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Report Metric |
Details |
Market Size Available For Years |
2020–2029 |
Base Year Considered |
2023 |
Forecast Period |
2024–2029 |
Forecast Units |
Value (USD Million/Billion), Volume (Thousand Units) |
Segments Covered |
By Offering, Connectivity, Print Width, End-user, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and RoW |
Companies Covered |
The major players in drylab photo printing market are Seiko Epson Corporation (Japan), Dai Nippon Printing Co., Ltd. (Japan), FUJIFILM Corporation (Japan), Noritsu Koki Co., Ltd. (Japan), Kodak Alaris Inc. (UK), HiTi Digital, Inc. (Taiwan), Canon Inc. (Japan), HP Development Company, L.P. (US), Sinfonia Technology Co., Ltd. (Japan), Citizen Systems Japan Co., Ltd. (Japan), Polaroid Corporation (US), Mitsubishi Electric Corporation (Japan), and Ricoh (Japan). |
Drylab Photo Printing Market Highlights
The study segments the drylab photo printing market based on offering, connectivity, print width, end-user, and region.
Segment |
Subsegment |
By Offering |
|
By Connectivity |
|
By Print Width |
|
By End-user |
|
By Region |
|
Recent Developments
- In April 2023, Seiko Epson Corporation introduced SureLab D570 professional minilab photo printer, a top-tier minilab photo printer that delivers superior photo printing in a compact design. It is ideal for on-demand printing of small-format photos and is perfect for event, hospitality, kiosk, and retail settings.
- In January 2023, Seiko Epson Corporation introduced SureLab D1070 Minilab Photo Printer, which is designed for retail, event, and e-commerce needs. This drylab printer excels in high-volume photo and graphic production, ensuring reliable, high-performance printing. With its distinctive modern design seamlessly fitting into workflows, businesses can maximize profitability by swiftly delivering top-quality prints for profit to their customers.
- In April 2020, Kodak Alaris Inc. introduced minilab evolution. It helps to witness notable quality strides in both thermal and inkjet technologies, the shift away from wet labs holds significant advantages for retailers. Environmental considerations, labor reduction, smaller footprints, and the incorporation of unique features and products not previously feasible in a chemically oriented environment are the actual benefits. The product landscape has transformed substantially, evolving from focusing solely on prints to an entirely new premium gifting segment, both within and outside the store.
- In January 2020, Dai Nippon Printing Co., Ltd. launched DP-QW410 printer, which helps broaden the company’s current range, catering to diverse needs such as photo booths, event photography, and ID photo solutions. This versatile printer enhances our offering, ensuring it aligns seamlessly with the requirements of various photography applications.
Frequently Asked Questions (FAQs):
What is the current size of the global drylab photo printing market?
The current size of drylab photo printing is USD 0.3 billion (2024) and is expected to reach USD 0.4 billion by 2029 with a CAGR of 5.4 % in the forecast period from 2024 to 2028.
Who are the winners in the global drylab photo printing market?
Companies such as FUJIFILM Corporation (Japan), Seiko Epson Corporation (Japan), Dai Nippon Printing Co., Ltd. (Japan), Kodak Alaris Inc. (UK), and HP Development Company, L.P. (US).
Which region is expected to hold the highest market share?
Asia Pacific regions are expected to hold the largest drylab photo printing market share in the forecast period.
What are the major drivers and opportunities related to the drylab photo printing market?
Rising demand for personalized products is driving the drylab photo printing market, and rising demand for customized products is an opportunity for the drylab photo printing market.
What are the major strategies adopted by market players?
The key players have adopted product launches, acquisitions, and collaborations to strengthen their position in the drylab photo printing market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The research report includes four major activities, estimating the size of the drylab photo printing market. Secondary research has been done to gather important information about the market and peer markets. To validate the findings, assumptions, and sizing with the primary research with industry experts across the supply chain is the next step. Both bottom-up and top-down approaches have been used to estimate the market size. After this, the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
Revenues of companies offering drylab photo printing across the world have been obtained based on the secondary data made available through paid and unpaid sources. They have also been derived by analyzing the product portfolios of key companies and rated according to the performance and quality of their products.
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the drylab photo printing market. Secondary sources considered for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and professional associations. Secondary data has been collected and analyzed to determine the overall market size, further validated through primary research.
Secondary research has been mainly used to obtain key information about the supply chain of the drylab photo printing industry to identify the key players based on their products and the prevailing industry trends in the drylab photo printing market based on offering, connectivity, print width, end-user, and region. It also includes information about the key developments undertaken from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources have been interviewed to obtain qualitative and quantitative information related to the market across four main regions-North America, Europe, Asia Pacific, and Row (Rest of the World). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and a few other related key executives from major companies and organizations operating in the drylab photo printing market or related markets.
After the completion of market engineering, primary research has been conducted to gather information and verify and validate critical numbers obtained from other sources. Primary research has also been conducted to identify various market segments, industry trends, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with the key strategies market players adopt. Most of the primary interviews have been conducted with the supply side of the market. This primary data has been collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, both the top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the market engineering process to list key information/insights.
Key market players have been identified through secondary research, and their market shares have been determined through primary and secondary research. This involves studying their annual and financial reports and interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights—both quantitative and qualitative.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that may affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed input and analysis from MarketsandMarkets and presented in the report.
Market Size Estimation Methodology-Bottom-up Approach
A bottom-up approach has been employed to arrive at the overall size of the drylab photo printing market from the calculations based on the revenues of the key players and their shares in the market. Key players in the drylab photo printing market have been studied. The market size estimations have been carried out considering the market size of their drylab photo printing offerings
Market Size Estimation Methodology-Top Down Approach
In the top-down approach, the overall market size has been used to estimate the size of individual markets through percentage splits from secondary and primary research.
The most appropriate parent market size has been used to implement the top-down approach for the calculation of specific market segments.
The revenue shares used earlier in the bottom-up approach were verified by identifying and estimating the market share for each company. The overall parent market size and individual market sizes have been determined and confirmed in this study through the data triangulation process and data validation through the primary interviews.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been then splits into several segments and sub-segments. Data triangulation has been employed to complete the market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Market Definition
A drylab photo printing system represents an advanced printing solution that employee’s thermal dye-sublimation technology, ensuring the creation of high-quality and long-lasting photo prints. Diverging from the conventional approach employed by traditional photo printers utilizing wet chemicals, drylab printing offers a range of notable advantages. These include but are not limited to, superior print quality, accelerated printing speeds, compatibility with various media types, scalability to meet varying production demands, operational efficiency, cleanliness due to the absence of wet chemicals, and a user-friendly interface that facilitates seamless functionality.
These drylab printers offer a compelling amalgamation of premium printing output, rapid production speeds, versatility in handling diverse media formats, and operational efficiency. This convergence positions them as the preferred choice for professionals and businesses seeking top-notch photo prints with the added benefit of expedited turnaround times. The comprehensive features of drylab photo printing contribute to an elevated standard in image reproduction, providing a reliable and efficient solution for those with discerning requirements in the realm of photography and print production.
Key Stakeholders
- Original device manufacturers (ODMs)
- Drylab photo printing hardware and solution providers
- Component suppliers
- Research organizations and consulting companies
- Sub-component manufacturers
- Technology providers
- Drylab photo printing-related associations, organizations, forums, and alliances
- Investors
- Retailers
- Photography professionals
The main objectives of this study are as follows:
- To describe and forecast the drylab photo printing market based on offering, connectivity, print width, end user, and region in terms of value.
- To describe and forecast the market, in terms of value, for various segments in four key regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW).
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contribution to the total market.
- To provide a detailed overview of the drylab photo printing supply chain and its industry trends.
- To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the drylab photo printing market.
- To profile the key players and comprehensively analyze their market position in terms of the market share and core competencies2, along with a detailed competitive landscape for the market leaders.
- To analyze competitive developments such as partnerships, collaborations, acquisitions, and product launches in the drylab photo printing market.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Country-wise Information for Asia Pacific
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Drylab Photo Printing Market