Photographic and Optical Goods Manufacturing in Australia - Industry Market Research Report
Description
Photographic and Optical Goods Manufacturing in Australia
The Photographic and Optical Goods Manufacturing industry has experienced a mixed performance in recent years. Government-imposed lockdowns, work stoppages and trading disruptions – all due to the COVID-19 pandemic – have primarily eroded revenue from the industry. These trends have led to significant annual fluctuations in demand from optometry and optical dispensing, a key external driver for the industry. While exports have continued to account for an estimated 55.1% of revenue, imports have remained above 93% of domestic demand relatively consistently over the period. Combined, these factors are expected to fuel a 1.7% annualised decline in revenue over the five years through 2022-23, to $271.1 million. This includes an anticipated 1.8% rise 2022-23, owing to an upturn in demand from optometry and optical dispensing and increased public health expenditure. Further, profit margins have been up and down, and have narrowed slightly overall across the period.
Industry firms manufacture photographic equipment (except sensitised photographic film, paper, plates or chemicals) and optical instruments and equipment. The industry also includes optical lens grinders and manufacturers of ophthalmic goods such as contact lenses, sunglasses, spectacle frames and sunglass frames.
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.
The Photographic and Optical Goods Manufacturing industry has experienced a mixed performance in recent years. Government-imposed lockdowns, work stoppages and trading disruptions – all due to the COVID-19 pandemic – have primarily eroded revenue from the industry. These trends have led to significant annual fluctuations in demand from optometry and optical dispensing, a key external driver for the industry. While exports have continued to account for an estimated 55.1% of revenue, imports have remained above 93% of domestic demand relatively consistently over the period. Combined, these factors are expected to fuel a 1.7% annualised decline in revenue over the five years through 2022-23, to $271.1 million. This includes an anticipated 1.8% rise 2022-23, owing to an upturn in demand from optometry and optical dispensing and increased public health expenditure. Further, profit margins have been up and down, and have narrowed slightly overall across the period.
Industry firms manufacture photographic equipment (except sensitised photographic film, paper, plates or chemicals) and optical instruments and equipment. The industry also includes optical lens grinders and manufacturers of ophthalmic goods such as contact lenses, sunglasses, spectacle frames and sunglass frames.
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.
Table of Contents
45 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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