Households drive market demand, with household spending representing 65.7% of total demand in 2020. Haixing Photography Studio is the largest company in China, generating 3.1% of the industry’s total turnover in 2020. The industry is fragmented, with the top five companies generating 4.6% of total turnover in 2020. The total number of companies decreases in 2020, to 73,074 units. The costs of the industry increase by 1.6% in 2020, largely driven by rising B2B costs. The industry’s profitability increases and stands at 7.9% of turnover in 2020, the 19th highest in the region. With turnover of USD6.7 billion, China accounts for 42.5% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Photographic Services in China: ISIC 7494. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Photographic Services in China: ISIC 7494 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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