Global Photographic and Photocopying Equipment Market Sees Steady Growth, Reaching $43 6 Billion in 2023 einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
The Global Photographic And Photocopying Equipment Market Report by The Business Research Company covers major players and the impact of COVID-19 on the market.
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The global photographic and photocopying equipment market is expected to grow from $23.31 billion in 2020 to $24.33 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $30.58 billion in 2025 at a CAGR of 6%.
The photographic and photocopying equipment market consists of sales of photographic and photocopying equipment by entities (organizations, sole traders and partnerships) that produce photographic and photocopying equipment such as cameras (except television and video), projectors, film developing equipment, photocopying equipment, and microfilm equipment. The phot