4 views left Get unlimited views with a free account

Take your business to the next level. Explore the latest trends and actionable insights to inform business strategy and pinpoint opportunities and risks.

The Market value of Photographic Equipment Segment in Australia (2020 - 2028, USD Millions)

Industry: Retail
Current: Market Sizing & Shares

The Photographic Equipment segment in Australia registered Market value of USD 205.59 Millions in 2023
The indicator recorded a historical decline (CAGR) of 6.87% between 2020 to 2023, and is expected to decline by...
GlobalData projects the indicator to decline at a CAGR of...

The Market value of Photographic Equipment Segment in Australia (2020 - 2028, USD Millions)

View as table

Unlock Forecasts and Access to 55 Million Statistics for >20 Industries, for $700 a month

Buy now Ask for demo

Market definition

The global photography products market consists of the total revenues generated through the sale of camcorders, cameras and other photographic equipment and optical instruments, in that both professional and home users.

Market analysis

All the markets are valued at retail selling prices.

The global photographic products market has experienced decent growth in recent years. This trend is said to continue with modest growth rates expected over the forecast period.

Buyer power

The continuing global economic difficulties have hampered robust growth in the market as consumers have opted for low margin models and retailers have sought to stimulate sales by reducing prices, creating a high degree of rivalry. The existence of large numbers of individual Barso is to be can buy power as they do not have the financial muscle to repress large market players. However, as the products are luxury items, buyers tend to shop around for the best deal. Many manufacturers of photographic equipment will stop the strong brands, strengthening supplier power as many retailers are forced to stock certain products to satisfy and customer demand. Low product differentiation combined with loose teaching costs for wire sources to increase the likelihood of new entrants. The global market for photographic products will be analysed considering retailers of cameras and films market players and end users as buyers.