$1.2bn
$XX.Xm
3,531
394
$XXX.Xm
Retailers that sell photographic equipment have been facing challenging conditions. Photographic equipment retailers have struggled because of drops in average camera prices and mounting competition from external players. Online shopping has become increasingly popular, and online-only retailers have been competing with the industry and capturing a greater share of the market. Revenue has been falling at an annualised 4.7% over the past five years through 2023-24 and is set to reach $1.24 billion in the current year. Revenue will drop by 0.1% in the current year, lower consumer sentiment and a dip in income discourages people from investing in expensive photographic equipment. Despite the dip in sales over the past five years, industry profitability has managed to climb, with retailers sourcing more photographic equipment from low-cost overseas manufacturers and benefiting from bulk orders.
Industry revenue has declined at a CAGR of 4.7 % over the past five years, to reach an estimated $1.2bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Camera House | 144.7 | |
Ted's Cameras | 78.0 |
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Industry revenue is measured across several distinct product and services lines, including DSLR and compact system cameras, Camcorders and Compact cameras. DSLR and compact system cameras is the largest segment of the Photographic Equipment Retailing in Australia.
DSLR and compact system cameras dominate product sales
Industry retailers primarily sell photographic equipment including cameras, camcorders, projectors and photographic accessories. These products are sourced from wholesalers and sold to consumers via brick-and-mortar stores or websites that industry retailers operate.
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ANZSIC 4221 - Photographic Equipment Retailing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Retailers are increasingly sourcing photographic equipment from overseas manufacturers. The appreciating Australian dollar has made imports more affordable, cutting purchase ...
Including values and annual change:
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Key data sources in Australia include:
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The market size of the Photographic Equipment Retailing industry in Australia is $1.2bn in 2024.
There are 394 businesses in the Photographic Equipment Retailing industry in Australia, which has declined at a CAGR of 2.9 % between 2018 and 2023.
The market size of the Photographic Equipment Retailing industry in Australia has been declining at a CAGR of 4.7 % between 2018 and 2023.
Over the next five years, the Photographic Equipment Retailing industry in Australia is expected to grow.
The biggest companies operating in the Photographic Equipment Retailing market in Australia are Camera House and Ted's Cameras
DSLR and compact cameras and Camcorders are part of the Photographic Equipment Retailing industry.
The company holding the most market share in Australia is Camera House.
The level of competition is high and increasing in the Photographic Equipment Retailing industry in Australia.