Camera Stores in the US - Industry Market Research Report

Camera Stores in the US
Over the past decade, camera stores have faced declining revenue amid the proliferation of smartphone ownership and strong price-based competition posed by large consumer electronic stores and e-commerce sites. These other retailers have been better able to capture what demand for cameras remains as smartphones continue to siphon away demand for digital cameras. The COVID-19 pandemic accelerated the industry's decline as foot traffic at bricks-and-mortar stores dropped off, and the revenue growth in 2021 brought by pent-up demand wasn't enough to offset previous losses. Industry-wide revenue has been growing at a CAGR of 4.7% over the past five years and is expected to total $3.2 billion in 2023 when revenue will drop by an estimated 2.6%.

This industry comprises brick-and-mortar camera stores that primarily sell photographic equipment such as cameras, lighting equipment, film, tripods and other camera accessories. E-commerce, consumer electronic stores and catalog sales are not included in this industry.

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.