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Mitsubishi Exits Photo Market

Simon Skinner - 1 month ago

PhotoBite has learned of plans for one of the most prominent brands in the photo printer market, Mitsubishi, which is halting the production of all of its products in both the photo and medical printing sectors.

Mitsubishi photo printer CP-M15
The Mitsubishi CP-M15 Photo Printer – soon to be a distant memory in the photo market.

With the increase in popularity of mobile/dye-sublimation, [dye-sub] printing, in particular, we’re wondering what the motives might be for the brand’s decision to pull the plug. In a recent statement, made directly to PhotoBite, Mitsubishi Electric’s Regional Manager UK, Middle East and Africa, Paul Jones, told us: “Mitsubishi Electric will cease the production of printer products, this includes both photo and medical devices. Right now, we are focused on customer support and making sure that our loyal customer base is looked after.”

Mitsubishi Electric has produced printers since 1983 and has cemented its name in the photography world, becoming a leader in supplying dye-sublimation printing products to a broad range of photographers including wedding photographers, photo booth operators, schools photographers and retail kiosks. 

“Mitsubishi Electric will cease the production of printer products, this includes both photo and medical devices. We have explained the situation to our trade partners and outlined the ongoing supply options and will continue to produce hardware to satisfy existing orders.” Paul Jones, Mitsubishi Electric Regional Manager UK, Middle East and Africa.


mitsubishi_Photo_printing
A surge in photo printing is expected post-covid according to new research.

A recent study by Data Bridge Market Research found that the Global Mobile Photo Printer Market is growing at a substantial compound annual growth rate [CAGR] of 5.7% during the forecast period of 2019 to 2026. Several factors contribute to these stats including the maturity and reliability of dye-sub printing technology and its supporting software solutions along with the demand for advanced tablets and smartphones.

Essentially, it’s a booming market. We asked Paul to give a little more detail on Mitsubishi’s decision to leave. He said: “There are several factors which have compounded and resulted in the company’s decision to leave the photo printer market. These include the wider business synergy and product competitiveness.” With regards to the exit, Paul added: “We have explained the situation to our trade partners and outlined the ongoing supply options and will continue to produce hardware to satisfy existing orders [only]. we are planning the final shipments to be 31 March 2022 at the latest.”

One of Mitsubishi’s major competitors in the photo arena, Citizen, is perhaps best known for its watch business. However, Citizen is prominent in many other industry sectors including photo printers, where much of the precision-engineering skills are transferred to the mechanics of their printer products. Unsurprisingly, this makes them hard to beat in terms of durability and reliability. The print quality is also great, so it could be that Mitsubishi’s exit signals an opportunity for its competitors? 


Mitsubishi_CP-K60DW
We say goodbye to Mitsubishi and the CP-K60DW.

“People are itching to celebrate their freedom and the ability to experience physical, human interactions and events. This is very likely to translate into a greater appetite for physical, and not digital, artefacts such as photographs.” Derek Fieldhouse, Managing Director, PhotoXport.

We spoke with Derek Fieldhouse, Managing Director of PhotoXport, one of the world’s most reputable photo printing equipment suppliers and Official Photo Reseller for Citizen. Derek said: “Mitsubishi has decided to leave the photo market for reasons that only they could justify and the opportunity this presents for Citizen in the dye-sub space is significant. Whilst Mitsubishi is well recognised in the photo business, Citizen’s products outperform them on many levels; not least the sheer quality of the manufacture. Of course, users can also expect first-class service from Citizen’s trusted network of reseller partners.”

Derek added: “We’re anticipating a golden period for photo printing. Throughout the Covid crisis, people have been isolated and forced to live in an almost exclusively digital world. This has created a burgeoning appetite to socialise [once more]. People are itching to celebrate their freedom and the ability to experience physical, human interactions and events. This is very likely to translate into a greater appetite for physical, and not digital, artefacts such as photographs.”

Citizen-Photo-Printer-Range
Many dye-sub users will be searching for alternatives, such as the range of photo printers from Citizen.

Harper’s Bazaar, reported that Bridebook, The No.1 Wedding Planning App, crashed after a 720% surge in traffic following the UK official ‘roadmap to recovery’ announcement.

Derek is right. From what we can see, the resurgence of the events market saw a notable jump directly after the UK PM announced a national ‘roadmap to recovery’. International lifestyle mag, Harper’s Bazaar, reported that Bridebook, The No.1 Wedding Planning App, crashed after a 720% surge in traffic following the UK official announcement and we’re surrounded by news of photo booth businesses and corporate/awards photographers’ telephones ringing off the hook! Photo labs and camera stores with instant-print kiosks will also be open soon, giving opportunities for people to preserve their precious memories in this familiar physical format.

So, now that Mitsubishi has announced its departure from photo, where should you look for your dye-sub printing supplies? One thing is for certain with the anticipated global rush in demand; you really don’t want to risk the possibility of unwanted downtime. With printing, time is money and so it’s important to know that your equipment will deliver, time after time. 

n.b. Mitsubishi photo printer owners reading this might be concerned about the future supply of media and spare parts. Mitsubishi told PhotoBite that: “To support new and existing customers, Mitsubishi will maintain a supply of media up to 31st March 2030 for existing printers. Warranty will remain as per the agreed terms and spare parts will remain available for service companies.”

You can see more about the range of printers from Citizen HERE – also, head to PhotoXport’s website to view their range of available brands and products, HERE.

About the author

Read Mitsubishi Exits Photo Market

Simon Skinner

Co-founder // Editor

Having spent many years working in various pockets of the music industry, and always with a camera in hand, Simon has worked with organisations such as Warner/Chappell, Food Records and ultimately, co-founding the innovative independent record label, Izumi Records before moving fully into the world of publishing in 2007. Amongst numerous other projects in the last decade, he has been responsible for a number of specialist photo trade magazines and journals for the filmmaking and photography communities, along with a coffee table book entitled, "Great Britons of Photography' which he produced with Peter Dench and Leica. Now heading up PhotoBite, Simon and the team have set themselves a task of delivering informative and inspirational content for photographers of all levels, from the beginner, shooting with smartphones, to the seasoned photographer and filmmaker.