The market is dominated by foreign suppliers, as imports account for 56.4% of total market size in 2022. Households drive market demand, with household spending representing 80.2% of total demand in 2022. The UK has the third largest market size for optical instruments and photographic equipment regionally, with demand reaching USD5.2 billion in 2022. CooperVision Mfg Ltd is the largest company in the UK, generating 11.6% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 29.1% of total production value in 2022. The total number of companies increases in 2022, to 2,614 units. The costs of the industry decrease by 6.6% in 2022, largely driven by declining labour costs. The industry’s profitability increases and stands at 19.5% of production value in 2022, the highest regionally. The industry’s exports share decreases in 2022 to 39.5% of total production output. With production value of USD2.3 billion, the UK accounts for 7.1% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in the United Kingdom: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in the United Kingdom: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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