The Global Photographic Equipment segment registered Market value of USD 20,645.42 Million in 2020
The indicator recorded a historical decline (CAGR) of 7.47% between 2017 to 2020, and is expected to decline by...
GlobalData projects the indicator to decline at a CAGR of...
Global Photographic Equipment Segment
The photographic equipment market values the total sales of camcorders, cameras, and photographic equipment & optical instruments. Camcorders include all camcorders across all price ranges. Cameras include all cameras across all price ranges. Photographic equipment and optical instruments include all camera and camcorder accessories, binoculars, and telescopes. This also includes all projectors across all price ranges.
The global photographic equipment market has oscillated between moderate and decline phases in recent years. The market is forecast to continue declining at a moderate rate.
Category Segmentation
The photographic equipment segment is categorized into three major segments – Cameras, Camcorders, and Photographic equipment & optical instruments. Cameras is the largest segment of the global photographic equipment market.
Competitive Landscape
The global market is dominated by electrical and electronics retailers who account for the majority stake of the market's value. Large retailers benefit from economies of scale and close relationships with suppliers which allow them to be incredibly priced competitive. Rivalry is heightened by low switching costs for buyers and low differentiation between market players, with similar products available from all. The fairly large number of retailers and the ease of expansion further increase competition. Rivalry is reduced by relatively low fixed costs and low exit barriers as retail space can often be offered to other businesses and inventory sold to other market players. Whilst most players are electrical and electronics retailers, they sell a diverse range of products which reduces their reliance on this particular market, this eases rivalry somewhat. However, storage costs can be relatively high as new camera models enter the market fairly quickly.
Market distribution
Electricals and Electronics Retailers form the leading distribution channel in the global photographic equipment market.
Who are the leading players?
Best Buy is a consumer electronics and appliances retailing company. It operates retail stores and websites under the brand names Best Buy (BestBuy.com and BestBuy.ca), Best Buy Mobile (BestBuyMobile.com), Five Star, Future Shop (FutureShop.ca), Geek Squad, Magnolia Audio Video, and Pacific Sales.
Dixons Retail plc
Dixons Retail plc (Dixons Retail) sells consumer electronics, personal computers, domestic appliances, photographic equipment, and communication products. The company sells its products through multiple channels: in stores, over the internet, and by phone, and also provides product support services to its customers. Additionally, the company conducts business-to-business (B2B) sales and services. The company primarily operates in Europe.
Metro AG conducts its retail and wholesale sales business primarily through Metro. It also manages group-wide finance, controlling, and compliance-related functions. Metro operates globally across Europe, Africa, and Asia. The company operates through five business segments: Metro Cash & Carry, Media-Saturn, Real, Galeria Kaufhof, and others.
Target operates large-format general merchandise and food discount stores which include Target, CityTarget, and SuperTarget stores. The company offers both everyday essentials and fashionable, differentiated merchandise at its stores at discounted prices. Target operates through three business segments: US retail, US credit card, and Canada.
China
Germany
United States of America
United States of America
Netherlands
Austria
United States of America
United States of America
China
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer