Top Countries for Photobooth Business in the SEA region
Photo booths have gained popularity worldwide due to their appeal as a fun and interactive event attraction, catering to various occasions such as weddings, birthdays, parties, corporate events, and even retail spaces. After an immense decline during the Covid-19 pandemic, the global photo booth market has experienced a speedy recovery and it has been forecasted to continue to expand in the coming years. According to a report published by Adroit Market Research, the global photo booth market size is expected to reach USD 719.91 million by 2030, growing at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030.
The photo booth market can be segmented by photo booth type, service type, application, and region. By photo booth types, they can be traditional enclosed photo booths, open-air booths, 360 photo booths, or mirror photo booths. Besides, there have also been new types of photo booths arising in recent years to catch up with the increasing demand for innovative entertainment from photo booth users. Segmenting into service types, photo booths can be self-photo booths that are readily installed at major tourist attractions such as amusement parks and shopping malls. Another quickly growing service type is photo booth rental for various events and special occasions. Additionally, the market was also segmented by applications, including document photos and entertainment occasions like weddings, parties, corporate events, and other events.
Looking into regions, Europe emerged to be the largest market for the photo booth business, followed by North America*. In these two regions, photo booths are widely adopted at events. In the Asia-Pacific region, the photo booth market shows promising growth potential**, especially in East Asian nations such as Japan and South Korea. Angola’s eco-partner Candy Photo will join the game very soon by launching their first self-photo booth in Seoul, South Korea, offering high-angle rooms and unique toilet concepts.
In addition to the strong wave of photo booths in East Asia, there is also an increasing demand for them in Southeast Asian countries. Malaysia and Singapore proved to be the two countries that have a very high adoption of photo booths with many types of photo booths and innovative photo concepts emerging, followed by Thailand and Philippines. In Vietnam, self-photo booths have gained popularity among youngsters, inspired by the Korean wave. Although still at an emerging stage, it has the potential to expand further in the future as Vietnam is a popular tourist destination. Tourists often seek photo opportunities to capture their memories during their trips. More insights on the potential of photo booth business by countries within the SEA region can be found in our latest research via here.
Angola Team.
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