Overview

Photo finish: Industry revenue increases as local manufacturers focus on export growth

The Photographic and Optical Goods Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry revenue has been driven by strong export growth over the past five years
  • Public health expenditure and private health insurance have helped demand for ophthalmic goods
  • Wages increasing as a share of revenue will likely contribute to declining profit margins

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    Industry Analysis & Industry Trends

    The Photographic and Optical Goods Manufacturing industry has performed strongly over the past five years. This performance has been driven by high export growth, and despite large increases in competing imports. Several companies have developed niche markets at home and abroad, contributing to strong export growth from 2013-14 through 2015-16. Exports include commercial products and high-end ophthalmic equipment, which generally require significant research and development and extensive product knowledge.

    Some domestic companies manufacture photographic equipment including commercial cameras and related products, with a high proportion of these products exported each year...

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    Industry Report - Industry Investment Chapter

    The industry has a high level of capital intensity. For every dollar allocated for labour inputs, approximately $0.34 is projected to be invested in capital plant, equipment and vehicles during 2016-17. The capital intensity level has increased over the past five years as industry firms have expanded investment in manufacturing equipment, while wages have declined as a proportion of industry revenue.

    In some cases where production processes are labour-intensive and the production technology is readily transferable to countries with lower wage costs, firms have chosen to shift production of high-volume, low-margin products offshore. The industry uses highly specialised manufacturing equipment, which requires significant capital investment. Pro..

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    Additional Insights for the Photographic and Optical Goods Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Photographic and Optical Goods Manufacturing Industry are

  • Access to highly skilled staff
  • Developing export markets
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Demand from optometry and optical dispensing and Value of merchandise trade imports in the Photographic and Optical Goods Manufacturing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Photographic and Optical Goods Manufacturing Industry?

    Industry firms manufacture photographic equipment (except sensitised photographic film, paper, plates or chemicals) and optical instruments or equipment. The industry also includes optical lens grinders and manufacturers of ophthalmic goods including contact lenses, sunglasses, spectacle frames, and sunglass frames.

    Industry Products
    Glass lenses and grinding services
    Ophthalmic diagnostic and surgical laser equipment
    Glasses and sunglasses frames
    Contact lenses
    Cameras, binoculars, telescopes and microscopes
    Industry Activities
    Contact lens
    Binocular, telescope and microscope
    Camera
    Ophthalmic articles or equipment
    Optical instruments or equipment
    Optical lens grinding
    Photographic equipment
    Spectacle frames
    Spectacle lens grinding
    Sunglasses

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from optometry and optical dispensing
  • Value of merchandise trade imports
  • Trade-weighted index
  • Median age of the population
  • Public health expenditure
  • Real household discretionary income

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Future industry trends
  • Ophthalmic and optical goods
  • Industry structure
  • High international trade
  • Table: Photographic and Optical Goods Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Photographic and Optical Goods Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Surveying and Mapping Services
  • Optometry and Optical Dispensing
  • Photographic Film Processing
  • Professional Photographic Services
  • Health Services
  • Consumers

  • Key Selling Industries
  • Basic Organic Chemical Manufacturing
  • Glass and Glass Product Manufacturing
  • Synthetic Resin and Synthetic Rubber Manufacturing

  • Products & Services
  • Ophthalmic diagnostic and surgical laser equipment
  • Glass lenses and grinding services
  • Glasses and sunglasses frames
  • Cameras, binoculars, telescopes and microscopes
  • Contact lenses
  • Chart: Photographic and Optical Goods Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Optometrists and optical dispensers
  • Ophthalmologists
  • Other markets
  • Retailers
  • Chart: Major Market Segmentation for the Photographic and Optical Goods Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Photographic and Optical Goods Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Photographic and Optical Goods Manufacturing Industry

  • Industry Globalization
    Major Companies
    Ellex Medical Lasers LimitedRedflex Holdings Limited
  • Table: Ellex Medical Lasers Limited - financial performance
  • Table: Redflex Holdings Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Photographic and Optical Goods Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Photographic and Optical Goods Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Glaucoma
  • A disease characterised by elevated intraocular pressure, which causes optic nerve damage and subsequent peripheral vision loss.
  • Lasik
  • Laser-Assisted in Situ Keratomileusis, or laser-eye surgery.
  • Ophthalmic Equipment
  • Products used to assess eye and sight problems, and diagnose eye diseases.
  • Orthokeratology
  • Also called Ortho-K, this is a type of eye vision correction technology.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Photographic and Optical Goods Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Photographic and Optical Goods Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Photographic and Optical Goods Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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