Industry Analysis & Industry Trends
The Camera Stores industry's performance over five years to 2014 has been far from picture perfect. As the economic downturn reduced consumer spending on industry products such as cameras, revenue plummeted. While consumer spending has since recovered, camera sales have failed to return to prerecession levels, due to the increasing number of individuals that use the cameras on their smartphones. The industry is projected to contract further in the five years to 2019, as product substitution and external competition cut into industry revenue. This is because as camera phone technology advances and smartphones become more ubiquitous, consumers will be less inclined to purchase a separate camera... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Camera Stores industry are fairly low. As a result, the industry is characterized by a high number of small operators. Heightened competition from e-commerce and consumer electronics stores, however, has deterred potential entrants in the five years to 2014. The industry has a low level of regulation and the investment requirements for a new camera store are moderate.
Traditional photofinishing equipment can be a significant investment, costing between $50,000 and $250,000 for a small retail operation; however the cost of digital printing systems is lower, at about $10,000 depending on the equipment. These costs can be lower if buying second-hand equipment. Some new establishments also invest in a web site, which can cost about $2,500... purchase to read more