Pell ResearchProfessional, Scientific, and Technical Services Sector > Photography Industry

Photography Industry: Statistics, Market Size, Forecast

Photography - Market Size and Industry Forecast

The 2021 Photography Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Revenues include both public and private companies in the photography industry.

HistoricalForecasted
20162017201820192020202120222023202420252026
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Photography - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Photography companies in the United States.

Photography Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesPhotography
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Photography - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Photography - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Photography - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Portrait photography services
General individual & group portrait photography services
School portrait services
Commercial or industrial photography services
Wedding photography services
Wedding still photography services
Other special event photography
Other photography services
Other portrait photography services

Photography - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations3%

Chief Executives0%
General and Operations Managers3%
Arts, Design, Entertainment, Sports, and Media Occupations57%
Media and Communication Equipment Workers53%
Photographers50%
Photographers50%
Sales and Related Occupations11%
Retail Sales Workers6%
Office and Administrative Support Occupations18%
Other Office and Administrative Support Workers8%
Office Clerks, General7%
Office Clerks, General7%
Production Occupations7%
Other Production Occupations7%
Photographic Process Workers and Processing Machine Operators6%
Photographic Process Workers and Processing Machine Operators6%

Government Contracts

In the past, the federal government spent an annual total of $31,926,117 on the photography industry. It has awarded 303 contracts to 92 companies, with an average value of $347,023 per company.

Photography and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Photography Industry Report
GeographyUnited States  
Publication DateOctober 2021
Report FormatPDF Download  
Price

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