Photography Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This industry comprises establishments primarily engaged in providing still, video, or digital photography services. These establishments may specialize in a particular field of photography, such as commercial and industrial photography, portrait photography, and special events photography. Commercial or portrait photography studios are included in this industry.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Photography industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
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.
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
Distribution by Company Size
| Company Size | All Industries | Photography |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Photography Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| 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
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Photography industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| 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 |
Salary information for employees working in the Photography industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 3% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 3% |
| Arts, Design, Entertainment, Sports, and Media Occupations | 57% |
| Media and Communication Equipment Workers | 53% |
| Photographers | 50% |
| Photographers | 50% |
| Sales and Related Occupations | 11% |
| Retail Sales Workers | 6% |
| Office and Administrative Support Occupations | 18% |
| Other Office and Administrative Support Workers | 8% |
| Office Clerks, General | 7% |
| Office Clerks, General | 7% |
| Production Occupations | 7% |
| Other Production Occupations | 7% |
| Photographic Process Workers and Processing Machine Operators | 6% |
| Photographic Process Workers and Processing Machine Operators | 6% |
Government Contracts
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 $347,023 per company.
Top Companies in Photography and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
