Out of the picture: Revenue declines as consumers increasingly favour smartphones and tablets

The Photographic Equipment Retailing industry has faced challenging conditions in recent years, with revenue expected to decline at an annualised 3.1% over the five years through 2018-19. Industry operators have struggled over the past five years as the average price of cameras has fallen and as competition from external players, such as general electrical and department stores, has intensified. Furthermore, grey imports of cameras and photographic equipment have risen in volume alongside increased demand over the period, negatively affecting the industry. Trends in real household discretionary incomes and consumer sentiment, advances in product technology and features, and international travel by Australians have also affected the industry's performance over the past five years...read more.

Industry Statistics & Market Size
Revenue
$670m
Annual Growth 14-19
-3.1%
Forecast Growth 19-24
Profit
Employment
1,720
Businesses
441

Industry Threats & Opportunities

  • Consumer preferences have shifted towards alternative technology, such as smartphones
  • Volatile consumer sentiment has constrained retail spending on photographic equipment
  • Drone cameras will represent a potential growth opportunity for industry operators
  • Industry Report - Industry Locations Chapter

    The geographic spread of business locations for the industry is generally driven by the population density and the anticipated number of tourists and holiday-makers to each state. In 2018-19, New South Wales is expected to account for over one-third of Australia's population. As a result, the dominance of the industry's establishments in New South Wales will service the strong demand for photographic equipment from this state. The volume of tourists or holiday-makers to a state also influences the demand for sufficient locations. New South Wales has several key tourist destinations including Sydney Harbour, the Opera House and the Blue Mountains. The...purchase to read more.

    Additional Insights for the Photographic Equipment Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Photographic Equipment Retailing Industry are

  • Being part of a franchising chain
  • Having a clear market position
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as IT and telecommunications adoption and Real household discretionary income in the Photographic Equipment Retailing industry impact industry performance..

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    What's in this report

    What is the Photographic Equipment Retailing Industry?

    Industry operators primarily retail photographic equipment including cameras, camcorders, projectors and photographic accessories. These products are sourced from wholesalers and sold to consumers via bricks-and-mortar stores or websites operated by industry players. Businesses that primarily trade as department stores, general electronic retailers or online-only operators are excluded from the industry.

    Industry Products
  • Compact cameras
  • DSLR and Compact system cameras
  • Bridge cameras
  • Camcorders and accessories
  • Photo processing
  • Industry Activities
  • Camera retailing
  • Photographic equipment retailing
  • Digital camera accessory retailing
  • Digital photo printing
  • Video camera retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • IT and telecommunications adoption
  • Real household discretionary income
  • Demand from online shopping
  • Consumer sentiment index
  • International travel by Australians

  • Current Performance
  • Volatile trading landscape
  • Profit and products
  • Competition
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Trading market
  • Profit and competition
  • Table: Photographic Equipment Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Photographic Equipment Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Professional Photographic Services
  • Consumers

  • Key Selling Industries
  • Computer and Electronic Equipment Repair
  • Photographic and Optical Goods Manufacturing
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • DSLR and Compact system cameras
  • Camcorders and accessories
  • Compact cameras
  • Bridge cameras
  • Photo processing
  • Chart: Photographic Equipment Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged over 55
  • Chart: Major Market Segmentation for the Photographic Equipment Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Photographic Equipment Retailing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Photographic Equipment Retailing Industry

  • Industry Globalization
    Raleru Ltd, Ted's Camera Stores (Vic) Pty Limited,
  • Table: Raleru Ltd - financial performance
  • Table: Ted's Camera Stores (Vic) Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Photographic Equipment Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Photographic Equipment Retailing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bridge Camera
  • A camera that offers consumers the ability to manually control camera settings but doesn't come with interchangeable lenses. Also known as a prosumer camera.
  • Dslr Camera
  • A digital single lens reflex camera. Cameras in this category have optical viewfinders and interchangeable lenses.
  • Grey Imports
  • Products purchased from non-authorised resellers that are not part of the traditional supply chain.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Photographic Equipment Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Equipment Retailing:
    • 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 Equipment Retailing 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 Equipment Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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