The market is dominated by foreign suppliers, as imports account for 57.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 56.5% of total demand in 2023. Italy has the fourth largest market size for optical instruments and photographic equipment regionally, with demand reaching USD4.2 billion in 2023. Luxottica Group SpA is the largest company in Italy, generating 17.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 41.7% of total production value in 2023. The total number of companies decreases in 2023, to 2,665 units. The costs of the industry increase by 8.5% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.7% of production value in 2023, the 14th highest regionally. The industry’s exports share decreases in 2023 to 75.6% of total production output. With production value of USD6.6 billion, Italy accounts for 17.2% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Italy: 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 Italy: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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