Lucintel Estimates Modest Growth for Global Photographic Products Industry During 2012-2017 in new report.
Irving, Texas (PRWEB) November 15, 2012
The global photographic products industry is expected to witness modest growth during 2012-2017 to reach an estimated $65 billion in 2017 with a CAGR of 2.3% over the next five years. Favorable demographics, rising consumer incomes, and changing lifestyle drive the demand while maintaining balance between price and quality is the industry’s biggest challenge.
Lucintel, a leading global management consulting and market research firm, has analyzed the global photographic product industry and presents its findings in “Global Photographic Product Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The photographic products industry comprises establishments primarily engaged in the manufacturing of photographic products such as cameras, camcorders, lenses, and other products across all price ranges. Asia Pacific (APAC) dominated the industry with the largest percentage of market share in 2011. APAC and the Rest of the World (ROW) regions emerged as the fastest growing during 2006-2011.
The industry is capital intensive and consolidated as few players compete with one another. Disposable income, sharing on social networking sites, and increasing interest in photography mainly generate demand for this industry. Increasing cost of raw materials is a challenge for the industry; however, the industry recovered from the recession and is now growing. A combination of factors such as rising income and consumer spending affect market dynamics significantly. More than 80% companies are of Japanese origin.
This market research report study provides an overview of the global photographic products industry, tracking two market segments of the industry in four geographic regions. The report studies manufacturers of cameras and other photographic products, providing a five-year (2006-2011) annual trend analysis that highlights market size, profit and cost structure for North America, Europe, APAC, and ROW. The report also provides a forecast, addressing market opportunities for next five years (2012-2017) for each of these regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com.
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