Industry Analysis & Industry Trends
The Photographic Equipment Retailing industry has been affected by tough trading conditions over the past five years, with industry sales expected to post weak annualised growth of just 0.8%. While demand for digital cameras has remained high, the industry as a whole has struggled. The modest rise in sales over this period has been a result of declines in the average price of cameras, fierce competition from external players such as electrical stores and department stores, and growth in the volume of grey imports of camera products being sought and bought by consumers... purchase to read more
Industry Report - Starting a New Business Chapter
Prospective players planning to enter the photographic equipment market have faced medium barriers over the past five years. Entry into the industry has largely been hindered by the high level of competition between operators and also mounting competition from external players and grey imports. During this period, industry operators have primarily competed on the basis of price which has been the driven force behind consumer purchases. Other competing factors have included; product range and quality, warranty offers, however consumers have placed less importance on these areas in a bid to secure the lowest price possible.
Entry into the photographic equipment market has also been affected by the industry's medium level of market share concentration... purchase to read more