Rising Number of Weddings and Corporate Events to Foster Future Growth of Saudi Arabia Photo Studio Market: Ken Research

Photo Studio industry in Saudi Arabia has observed constant growth over the period 2011-2017. This trend is likely to continue over the coming years as well.
Riyadh is the largest market for photo studios in Saudi Arabia
Inas , Reema Studio and Cattleya have been the major photo studios in the kingdom

Photo studio industry in Saudi Arabia has seen constant year-on-year growth over the period of 2011-2016. Numbers of photo studios in the kingdom have inclined at a significant rate posting a CAGR of 1.4% during the period. Market size in terms of revenue has also witnessed considerable growth over the past five years as the number of corporate events and weddings in the region have amplified. To cover large events and marriages, around 2-3 photographers while 1-2 videographers are required. Therefore, increasing number of weddings and other events have propelled the market for photo studios in the kingdom. The entire Makkah region has the highest number of photo studios in Saudi Arabia closely followed by Riyadh. Photo studio market in Riyadh has observed consistent growth over the past five years. Being the capital city of Saudi Arabia, Riyadh is known for hosting some of the most lavish weddings and largest corporate events and exhibitions in the country

Riyadh hosted almost half of the corporate events in Saudi Arabia during 2016. On an average, photo studio in Riyadh covers approximately 5-15 events (corporate + weddings) and 4-8 lab shoots per month.

Ken Research in its latest study, Saudi Arabia Photo Studio Market Outlook to 2021 suggests that photo studios will witness rising competition as around 40-50 new photo studios will be established in the capital over the next five years. However the market will continue to grow with the rise in the number of weddings and corporate events in the country.

Saudi Photo Studio Market is projected to register a positive CAGR during the period 2017-2021. Launch of new consumer products (food items, beverages, electronics and others) is also one of the major factors influencing the industry. As a photo shoot must be conducted before any product is launched in the market, significant amount of revenue by number of photo studios is generated through this stream especially in Jeddah and Riyadh.

The report provides information on market size of the Saudi Arabia photo studio, geographical analysis and case studies of major photo studios in Saudi Arabia.

Topics Covered in the Report