July 2017 Saudi Photo Studio Market Outlook to 2021
Executive Summary
Saudi Arabia Photo Studio Market Outlook to 2021-Ken Research
Ken Research Latest Report“ Saudi Arabia Photo Studio Market Outlook to 2021- Rising Number of Weddings and Growing Corporate Events to Shape the Future” provides a comprehensive analysis of the photo studio market in Saudi Arabia. The report covers aspects such as the market size of the photo studios and market segmentation on the basis of region. The report also covers the competitive landscape, snapshots of major provinces in Saudi Arabia and demand gap analysis. In addition to this, the report also covers case studies of major players. This report will help industry consultants, owners of photo studios, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Photo Studio Industry in Saudi Arabia
Photo studio industry in Saudi Arabia has seen constant year on year growth over the period 2011-2016. As per Ministry of Statistics, Saudi Arabia and Ken Research Analysis, the numbers of photo studios in the Kingdom have inclined from ~ in 2011 to ~ in 2016 posting a CAGR of ~% during the period. The photo studios industry in terms of revenue has been estimated to be around SAR ~ billion in Saudi Arabia. Number of corporate events held in the kingdom inclined to ~ in 2016 from ~ in 2015( revealed by Ministry of justice, Saudi Arabia). On the other hand, ~ weddings were registered in Saudi Arabia during 2016. To cover large events and marriages, around ~ photographers while ~ videographers are required. The entire Makkah region has the highest number of photo studios(~) in Saudi Arabia closely followed by Riyadh with ~ studios as of 2016
Riyadh Photo Studio Market
The market in terms of revenue has been earmarked to be around SAR ~ million in 2016 contributing over ~% to the overall revenues of the Saudi Arabia industry during the year. There were around ~ photo studios in Riyadh during 2016 with a total of ~ employees. As per data provided by Ministry of Justice, Saudi Arabia, ~ marriage contracts were signed in Riyadh during 2016. The capital city is also considered as the corporate centre of Saudi Arabia. The capital city hosted ~% of the corporate events in Saudi Arabia during 2016. According to The Saudi Exhibition and Conventions Bureau, ~ licensed activities, including exhibitions, forums, conferences, workshops and meetings were organized in Riyadh during 2016 generating considerable revenue for photo studios in the area.
Geographic Market Performance of Riyadh City 6
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