Out of focus: New technologies and competition from large-scale retailers will restrict growthAbstractCamera Stores in the US
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. To remain profitable amid heavy competition, industry operators will likely specialize in niche product segments with a heavy emphasis on customer service and technical expertise.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.