2010-01-04 15:35:57 - UK Photographic Equipment Market Data & Forecast to 2013 - a new market research report on companiesandmarkets.com

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UK Photographic Equipment Market Data & Forecast to 2013 report is the essential source for Photographic Equipment industry data and analysis covering UK, both at the top level and providing in-depth category and channel insight.

The report provides historical data and forecasts for the UK Photographic Equipment Market industry in the period 2004-2013, detailed profiles and financial metrics covering the major market players, a breakdown of key recent M&A and partnership activity, and comprehensive analysis of the key factors driving the industry at consumer, market and company level.
The UK retail sector with total sales of US$515.7 billion in 2008 contributed approximately 19.3% to the gross domestic product (GDP) (at current prices) and played an important role in shaping the

 

 

economy. The retail sector is the largest private sector employer in the UK, employing 3 million people approximately. The UK Photographic equipment retail market is valued at US$7.2 billion and grew at a CAGR of 2.98% for the period 2004-2008. The market is a mature one, with 90.0% of the population owning a camera. The Photographic equipment retail market deals with cameras, camcorders, camera bags, dark room chemicals, dark room equipment, photographic films, flash guns, lenses, filters, memory cards, mounting and storage equipment, papers for printing images, printers, scanners, projectors, studio equipment, photo and video equipment and so on. Digital, compact, and ultra compact cameras have become the order of the day. Digital cameras are being preferred by the consumers over film cameras as they can display images on the screen immediately after they are recorded and unnecessary images can be deleted instantly to free space, are capable of storing thousands of images on a small memory device, and can also record videos with sound. This is evident from the fact that over 60.0% of all developing now is in digital format. Camera mobile phones have also been improving in their capacity and quality and are proclaimed to be depressing the demand for digital compact cameras. Sales of camcorders have been severely affected by the increasing penetration of digital cameras and camera mobile phones, both of which have the capability to record videos, thus making the retailers review their participation in this area. The retailers in the photographic equipment market witness a semi-annual peak during the Christmas season and again in the summer holidays season as customers purchase cameras, memory cards, camcorders and other equipment and later have their images developed or printed. These peaks contribute to higher margins in these times of the year than at other times. The Photographic equipment market in the UK witnessed a slow down for the first time after many years due to the present economic downturn and the operating losses of many of the players in the market is a proof of this. Specialist photo-processing outlets, which have also been selling photographic goods, have been on the rise over the last few years. There have also been many store closures recently by market players like Jessops.