The global photo frame market size is projected to experience dynamic growth in the upcoming years owing to the increasing popularity of framing a certificate in homes, schools, and other places, finds Fortune Business Insights™ in its report, titled “Photo Frame Market, 2021-2028”.
The photo frames are gaining high popularity as they can be used to frame a certificate in houses, schools, colleges, and other places. Framing a certificate helps to gain trust of the people. This can lead to the flourishing of the business. Thus, this is an important factor responsible for the growth of this market across several regions. Further, the photo frame can also be used to display motivational quotes, artwork, and for other purposes. This is another major reason driving the growth of this market.
However, the rising usage of smart phones worldwide is projected to hinder the growth of this market.
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Market Segmentation:
On the basis of product, this market is classified into wall hanging and tabletop. By material, the market is divided into wood, metal, bamboo, and others. Based on distribution channel, the market is categorized into online and offline. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Highlights/Summary:
The report provides a bird’s eye-view analysis of the industry trends and outlook, as well as supplies a meticulous study of all market segments. In addition, the report contains an in-depth assessment of the market drivers and challenges and also offers an exhaustive evaluation of the regional dynamics and competitive landscape of the market.
Drivers/Restraints:
Wide Availability of Photo Frames in Several Distribution Channels to Fuel the Market
The photo frames are easily available across several distribution channels such as convenience stores, retail stores, and online platforms such as Amazon, and others. This has increased the demand for photo frames across several regions, which is projected to drive the growth of this market.
Regional Insights:
Rising Number of Aging Population to Boost the Asia Pacific Market Growth
The Asia Pacific region is projected to grow rapidly in the photo frame market share on account of the rising number of births and aging population in the countries such as India and China.
North America region is anticipated to grow steadily in this market owing to the change in the lifestyle of the people in this region.
Competitive Landscape:
Increasing Production of Innovative Photo Frames to Intensify Competition
The prominent companies in the photo frame market are concentrating on increasing the production of innovative photo frames with different designs in order to increase the sale of photo frames across several regions. This has resulted in the increasing competition among key companies which will help them to diversify their product portfolio and broaden their business operations.
Industry Development:
October 2019: Aura announced the launch of new smart photo frame assembly which is going to help users to insert the photo of their phones to the wall of their house.
List of Key Players Covered in the Photo Frame Market Report:
Giinii Global Ltd, Nielsen & Bainbridge Ltd, Pottery Barn Inc, Kirkland’s Inc, Z Gallerie, Inc., Omega International, Inc, Spagl GmbH.
Browse Detailed Research Report Summary: https://www.fortunebusinessinsights.com/photo-frame-market-104422
