Out of focus: New technologies and competition from large-scale retailers will restrict growth

The Camera Stores industry has 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. Furthermore, camera sales have also declined during the period as consumers increasingly take pictures with smartphones. As camera phone technology has improved to match the quality of a typical digital camera, consumers have increasingly opted for a single device with a built-in camera, reducing total camera sales during this period. This shift toward new technologies and competing retailers is expected to continue, restricting industry demand and cutting into revenue...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-5.8%
Forecast Growth 17-22
Profit
Employment
7,771
Businesses
1,934
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • The proliferation of smartphones and other devices with advanced camera features has reduced total camera sales
  • Improved smartphone picture quality has reduced demand for industry products
  • Traditional cameras are expected to be bought almost exclusively by photography aficionados
  • Industry Report - Industry SWOT Analysis Chapter

    The Camera Stores industry is currently in the declining life cycle stage. Over the 10 years to 2022, industry value added, which measures the industry's contribution to the US economy, is expected to decline at an annualized rate of 5.4%. In contrast, GDP is projected to grow at an annualized rate of 2.0% during the same period, which indicates that the Camera Stores industry's share of the overall economy is shrinking. This industry's decline is also characterized by factors such as a contracting number of industry operators, relatively stagnant product innovation and decreasing industry wages...purchase to read more.

    Additional Insights for the Camera Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Camera Stores Industry are

  • Superior financial management and debt management
  • Experienced workforce
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Number of mobile internet connections and commerce sales in the Camera Stores industry impact industry performance..

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    What is the Camera Stores Industry?

    This industry comprises brick-and-mortar camera stores that primarily sell photographic equipment such as cameras, lighting equipment, film, tripods and other camera accessories. E-commerce, consumer electronic stores and catalog sales are not included in this industry.

    Industry Products
  • Digital cameras
  • Film cameras and photography accessories
  • Computer equipment
  • Audio equipment
  • Industry Activities
  • Camera equipment retailing
  • Photographic supplies retailing
  • Lighting equipment retailing
  • Tripod equipment retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of mobile internet connections
  • commerce sales
  • Per capita disposable income
  • Consumer Confidence Index
  • Demand from photography

  • Current Performance
  • Lackluster demand
  • The digital (camera) age
  • Outside competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Declining demand for cameras
  • Declining demand for retailers
  • Table: Camera Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Camera Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Photography
  • Fine Arts Schools
  • Consumers

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Camera & Film Wholesaling
  • Copier & Optical Machinery Manufacturing

  • Products & Services
  • Digital cameras
  • Film cameras and photography accessories
  • Other
  • Computer equipment
  • Audio equipment
  • Chart: Camera Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • New purchases from households
  • Replacement purchases from households
  • Businesses for end use
  • Other
  • Retailers and wholesalers for resale
  • Chart: Major Market Segmentation for the Camera Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Camera Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Camera Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Camera Stores 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 Camera Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of mobile internet connections (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Digital Camera
  • A camera that records images as digital data instead of on film.
  • Digital Single Lens Reflex (Dslr)
  • A digital camera that allows the user to look through the lens and see the image as the lens does; these cameras usually have interchangeable lenses.
  • Megapixel
  • One million pixels; the number of megapixels directly relates to the resolution of the digital image produced. The greater the number of megapixels, the higher the resolution of the resulting image.
  • Smartphone
  • A mobile phone that offers advanced PC-like capabilities, as well as a built-in camera.
  • Why buy this report?

    IBISWorld’s Industry Market Report on Camera Stores is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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