WEYMOUTH, Mass. — According to a new report from InfoTrends/CAP Ventures, 50 percent of the minilabs installed in the United States are expected to be digital by the end of 2004. Meanwhile, photo kiosk sales are expected to demonstrate a compound annual growth rate of 12 percent over the forecast period between 2003 and 2008.
Alternative channels for photo kiosks such as hotels, resorts, amusement parks and consumer electronics stores continue to develop, and still provide significant growth potential. By the end of the year, about 4 percent of all kiosk placements will be in unconventional locations. Although the success of photo kiosks in many of those new venues remains to be seen, this continues to be an important market for vendors to consider as they work to increase their sales.
"Major retail digital photofinishers such as Wal-Mart, Costco and Walgreens are now either fully equipped with digital minilabs and photo kiosks or plan to be by the end of 2004," said Kerry Flatley, an InfoTrends/CAP Ventures consultant.
Fuji remains the No. 1 player in the digital minilab market, while Kodak is still the leading photo kiosk vendor in terms of market share of the installed base.
InfoTrends/CAP Ventures' new forecast report entitled 2004 Photo Kiosk and Retail Digital Photofinishing Forecast and Analysis provides vendor market shares and five-year forecasts for the photo kiosk and digital minilab markets by subsegment. The report includes analysis of trends in the industry, a discussion of drivers and barriers, an assessment of the market size, news regarding photofinishing vendors and their retail partners, and a look at the installed base of digital minilabs and photo kiosks on a worldwide level. Vendors covered in the forecast include Agfa, Digital Portal, Fujifilm, Kodak, Konica Minolta, Lucidiom, Mitsubishi, Noritsu, Olympus, Pixel Magic, Oblo, Silverwire and Sony.
