Western-Europe Photo-Merchandise Market on Track to Hit €470 Million in 2011

Top Quote Positive growth experienced in the photo-merchandise market across Western-Europe as consumer demand increases. Commentary by Joanna Wright, Futuresource Consulting. End Quote
  • (1888PressRelease) October 08, 2011 - The Western European photo-merchandise market, which includes personalised calendars, wall d้cor, greetings cards and single image gifts, continues to make gains with consumers and is on track to grow by 11% this year to hit sales of close to €470m, according to a new report from Futuresource Consulting.

    "Within Western Europe, Germany dominates most photo-merchandise segments. Accounting for €127 million of market value in 2010, it's the largest in the region" says Joanna Wright, Senior Market Analyst at Futuresource. "Photo-cards are the exception, where the UK continues to lead the charge. The UK follows Germany as the second largest photo-merchandise market overall, witnessing 35% growth and reaching nearly €70 million in 2010."

    Market growth has varied significantly across all segments and countries, with wall d้cor - in particular canvas print and photo-cards - pushing through with growth of 80% and 50% respectively in some European countries.

    "This growth has been fuelled by increased services offered to consumers and a number of highly effective marketing activities, including promotional offers and prominent TV campaigns," says Wright. "In 2010 the canvas print market grew 44% in Western Europe, reaching €85 million."

    "While demand for some segments remains constant throughout the year, specific market segments like calendars and photo-cards remain purely seasonal products, with more than 90% of calendar sales and nearly 60% of photo-card sales experienced in the lead up to Christmas."

    Competitively, the photo-merchandise market remains highly fragmented with a mixture of traditional photo brands, commercial print houses and photo-merchandise specialists. In terms of the position of photo-merchandise producers in Western Europe, CeWe Color led each segment in 2010, except posters where Fujifilm was the most dominant player.

    Online was the leading sales channel in 2010, accounting for more than 86% of sales in Western Europe. However, across Western Europe this figure varies significantly by both country and product. Moving forward we can expect to see new roll-outs of in-store merchandise equipment in some of the leading retailers in the UK & Germany which could help drive growth for in-store channels this year and into 2012.

    The outlook for the photo-merchandise market is positive, with value expected to rise at a steady rate through to 2014. There are many opportunities for key players to contribute to future market growth, and to do this they must focus on the innovation of new products, fresh content designs and strong and targeted marketing activity.

    Futuresource Consulting is a specialist research and knowledge-based consulting company, providing organisations with insight into consumer electronics, digital imaging, entertainment media, broadcast, storage media, education technology and IT. With a heritage stretching back to the 1980s, the company delivers in-depth analysis and forecasts on a global scale, advising on strategic positioning, market trends, competitive forces and technological developments.

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