Industry Analysis & Industry Trends
The Camera Stores industry contracted significantly over the past decade. Intensified competition from online retailers and consumer electronic stores has considerably reduced the number of consumers that purchase items from camera stores, forcing several companies to exit the industry. In the coming years, the shift toward new technologies and large-scale retailers is projected to continue, restricting industry growth and cutting into revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Camera Stores Industry is currently in the declining life cycle stage. Over the 10 years to 2020 the industry's value added (IVA), which measures the industry's contribution to the economy, is expected to decline 3.0% per year on average. In contrast, GDP is expected to grow at an annualized rate of 2.5% during this time. While products sold in this industry experience a relatively rapid level of technological change, their functions have remained largely the same for decades. Characteristics that firmly establish this industry in the decline life stage include company contraction and falling per capita consumption.
Camera stores are losing market share to online and large-format retailers such as Amazon, Best Buy and Walmart... purchase to read more