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Photographic and Optical Goods Manufacturing in Australia - Industry Market Research Report

Photographic and Optical Goods Manufacturing in Australia - Industry Market Research Report

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Photographic and Optical Goods Manufacturing in Australia - Industry Market Research Report
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.

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