Los Angeles, CA (PRWEB) May 06, 2012 The Camera Stores industry struggling to compete with e-tailers, many of which offera more convenient shopping experience at a lower cost.Additionally, says IBISWorld industry analyst Agata Kaczanowska, Asharp drop in consumer spending and protracted high unemploymentsince 2008 led to fewer purchases from industry retailers.Businesses that invest in camera equipment, such as professionalphotographers, also stopped spending as demand for their servicesdried up as well. As a result of low demand for industry productsduring the past five years, revenue declined at an estimatedaverage rate of 8.5% per year to $2.8 billion in 2012. An increasing proliferation of smartphones and other devices withadvanced camera features are diverting more demand away from theindustry. Consumers increasingly use their smartphones or tabletsas cameras, which can be more convenient because using onemultipurpose device can be more comfortable than carrying aseparate camera.
Moreover, smartphones and tablets make uploadingand sharing photos or videos easier. Although consumer and businessspending is beginning to pick up in 2012, says Kaczanowska, Onlinecamera sales and alternative devices are expected to dominate suchpurchases. Not only are e-tailers undercutting industry pricesthereby diverting sales revenue away from the Camera Storesindustry but big-box stores are also vying to attract consumers.Retailers like Best Buy or Walmart are also more convenient forconsumers who can purchase other items while shopping at suchstores. Consequently, revenue in 2012 is expected to slide 2.4%.The industry remains very fragmented, with most firms employingfewer then five workers.
The only major player, Ritz Camera &Image, is one of few companies in the Camera Stores industry able to operate nationwide. The shift toward new technologies and retailers is projected tocontinue, impairing industry potential. As a result, revenue isforecast to fall over the five years to 2017. Nonetheless, theindustry may benefit from a sales tax on online purchases if itwere widely implemented. Libigrow Male Enhancement
Such a tax would pressure the pricingcompetitiveness of e-tailers and push some customers back to camerastores. For more information, visit IBISWorlds Camera Stores report in the US industry page. Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld Friend IBISWorld on Facebook: pages/IBISWorld/121347533189 IBISWorld industry Report Key Topics This industry includes brick-and-mortar camera stores. Theseretailers sell photographic equipment and supplies includingcameras, lighting equipment, film, tripods and other accessories.Online and catalog sales are not included in this industry. Male Sex Enlargement Pills Manufacturer
Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalization & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios About IBISWorld Inc. Recognized as the nations most trusted independent source ofindustry and market research, IBISWorld offers a comprehensivedatabase of unique information and analysis on every US industry.With an extensive online portfolio, valued for its depth and scope,the company equips clients with the insight necessary to makebetter business decisions. Headquartered in Los Angeles, IBISWorldserves a range of business, professional service and governmentorganizations through more than 10 locations worldwide. For moreinformation, visit or call 1-800-330-3772. China Stiff Nights Male Enhancement
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