The market is dominated by foreign suppliers, as imports account for 68.2% of total market size in 2023. Households drive market demand, with household spending representing 50.9% of total demand in 2023. The US has the largest market size for optical instruments and photographic equipment across the top 20 developed countries, with demand reaching USD52.3 billion in 2023. Essilor International SA is the largest company in the US, generating 20.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 41.3% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry increase by 3.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.0% of production value in 2023, the 11th highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 54.4% of total production output. With production value of USD17.4 billion, the US accounts for 79.6% of the North America total in 2023.
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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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