Bad angle: Revenue has declined as consumers have increasingly favoured alternative technology

The Photographic Equipment Retailing industry has faced difficult trading conditions in recent years, with revenue expected to decline by an annualised 4.3% over the five years through 2017-18. Revenue has struggled as the average price of cameras has fallen, external players (such as general electrical and department stores) have heightened competition, and grey camera product imports have risen in volume alongside increased demand. Real household discretionary income and consumer sentiment trends, advances in product technology and features, and international travel by Australians have also affected the industry's performance. Industry revenue is expected to continue declining in 2017-18, falling by 2.4% to total $610.0 million...read more.

Industry Statistics & Market Size
Revenue
$610m
Annual Growth 13-18
-4.3%
Forecast Growth 18-23
Profit
Employment
1,732
Businesses
445

Industry Threats & Opportunities

  • Consumer preferences have shifted towards alternative technology such as smartphones
  • Negative consumer sentiment has curtailed retail spending on photographic equipment
  • Drone cameras represent a potential growth opportunity for industry operators
  • Industry Report - Industry SWOT Analysis Chapter

    The Photographic Equipment Retailing industry is expected to operate in the declining phase of its life cycle over the 10 years through 2022-23. Industry value added (IVA) measures an industry's contribution to the economy. IVA is projected to decline by an annualised 2.3% over this period, underperforming annualised growth in Australian GDP of 2.5%. The contraction in industry value added relative to the overall economy is characteristic of a declining industry, as value added falls behind the general economy and revenue shrinks. Strong competition across the industry and from external players, such as department stores and electronic retailers, has placed pressure on prices and eroded product margins...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
  • Photographic film or paper retailing
  • Projectors 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 15 to 34
  • People aged 35 to 54
  • 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
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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 prosumers.
  • Digital Camera
  • A camera that enables users to shoot photos or video and take a recording of the image. Also known as a compact camera or point and shoot camera.
  • Dslr Camera
  • A digital single-lens reflex camera, which is effectively a merger of SLR cameras and digital cameras.
  • 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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