China Now The World’s Largest Production Base for Camera Equipment
Camera Equipment Manufacturing in China Industry Research Report – Now Available from IBISWorld
Revenue for the camera equipment manufacturing industry in China is expected to total $15.3 billion in 2013, says IBISWorld. China is the world’s largest production base for camera equipment, and digital cameras have gradually become the industry’s best-selling product.
San Francisco, CA (PRWEB) September 14, 2013
Revenue for the Camera Equipment Manufacturing industry in China is expected to total $15.3 billion in 2013, says IBISWorld. Growth over the past five years has been estimated at 6.5% annually.
China has become the world’s largest production base for camera equipment, and digital cameras have gradually become the dominant products. Revenue generated from traditional film cameras is low and these sales tend to be concentrated in rural areas and niche markets. An estimated 90.0% of industry output in 2013 will be digital camera equipment, up from about 41.0% in 2004, says IBISWorld.
Basic digital cameras are no longer a luxury good for many Chinese people. The greatest demand for digital cameras comes from economically developed regions of China, such as large provincial capitals and coastal areas, says IBISWorld.
There are about 130 enterprises operating within this industry in 2013, and the top four industry participants – Foshan Pulihua, Canon, Samsung, and Sony – hold a combined share of about 73.3% of total industry revenue. The concentration level differs across China’s different regions, however. Future growth for the camera equipment manufacturing industry in China will be mainly due to steady increases in domestic demand over the coming years and declining final prices. IBISWorld also anticipates that the market share of domestic participants will rise with improvements in technology and ongoing brand-building.
For more information, visit IBISWorld’s Camera Equipment Manufacturing in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Camera Equipment Manufacturing industry in China manufactures cameras and other photographic components and equipment. Cameras manufactured in this industry mainly include film cameras, digital cameras and SLR (single-lens reflex) cameras. Other photographic equipment includes darkroom facilities, flash devices, camera accessories and zoom lenses. Businesses that produce film, flash bulbs and photocopiers are not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database 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 make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Have some thoughts about this article you'd like to share with us? Let us know in the comments.