The market is dominated by foreign suppliers, as imports account for 67.8% of total market size in 2022. Households drive market demand, with household spending representing 52.4% of total demand in 2022. The US has the largest market size for optical instruments and photographic equipment across the top 20 developed countries, with demand reaching USD52.4 billion in 2022. Essilor International SA is the largest company in the US, generating 19.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 41.0% of total production value in 2022. The total number of companies decreases in 2022, to 972 units. The costs of the industry increase by 2.9% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.8% of production value in 2022, the 11th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 38.1% of total production output. With production value of USD16.0 billion, the US accounts for 77.8% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in the US: 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 US: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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