This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
While demand for digital cameras has remained high, the Photographic Equipment Retailing industry as a whole has struggled. For this reason, industry research firm IBISWorld has updated its report on the Photographic Equipment Retailing industry in Australia.
Melbourne, Australia (PRWEB) February 11, 2013
The Photographic Equipment Retailing industry has been affected by tough trading conditions over the past five years, with industry sales expected to post weak annualised growth of just 0.8%. According to IBISWorld Industry analyst Claudia Burgio-Ficca, “while demand for digital cameras has remained high, the industry as a whole has struggled”. The modest rise in sales over this period has been a result of declines in the average price of cameras, fierce competition from external players such as electrical stores and department stores, and growth in the volume of grey imports of camera products being sought and bought by consumers. The overall performance of the photographic equipment market has also been driven by trends in real household disposable income, consumer sentiment, advances in product technology and features, and fluctuations in the number of domestic trips taken by Australian consumers. Industry sales are expected to increase by 0.9% to $768 million in 2012-13. Despite anticipated growth in disposable income and consumer sentiment, industry sales will be hindered by retail heavyweights such as Harvey Norman, Myer and Big W. These external players will continue to offer consumers competitive pricing and a broad product range in an attempt to attract a larger share of the industry. Industry sales will also be under pressure from the online market and grey imports due to the significant cost savings available to consumers. Goods retailed by the industry may be purchased from a range of other avenues including department stores and domestic appliances stores, via online shopping websites and from resellers of grey imports.
Sales of photographic equipment by industry operators are expected to rise over the next five years. ‘Retail demand during this period will be driven by consumers seeking to upgrade their camera and growth in the number of people taking photos and developing an interest in photography’, says Burgio-Ficca. However, the industry is likely to continue facing strong competition from external players seeking a larger share of the photographic equipment market.
The Photographic Equipment Retailing industry exhibits a medium degree of market share concentration. Concentration levels are estimated to have remained relatively stable over the past five years owing to intense competition from external players and the online market. Mounting price-based competition from department stores created tough trading conditions for industry players over the past five years and affected the viability of smaller sized operators. Market share concentration levels for this industry have also been influenced by the growing popularity of grey imports - products purchased from resellers, which are not within the traditional supply chain. The industry’s major players are Raleru and Ted’s Camera Stores.
For more information, visit IBISWorld’s Photographic Equipment Retailing report in Australia industry page.
Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau
IBISWorld industry Report Key Topics
Operators in this industry primarily retail photographic equipment or supplies. These products include cameras, camcorders, projectors and photographic accessories. Players in the industry may operate as stand-alone businesses or belong to a chain network of stores or a buying group. Products sold by the industry are sourced from wholesalers and sold to consumers via bricks-and-mortar stores or internet websites that are operated by industry players.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Technology & Systems
Regulation & Policy
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/2/prweb10411464.htm
The victim told investigators that she sells sweets and snacks from her residence and allowed two subjects inside her homemore>>