IBISWorld: China is The World’s Largest Production Site for Camera Equipment

It was bound to happen eventually–and now it has. According to a new report from IBISWorld, lots of cameras and even parts are made in China these days. In previous days, it really meant something to have a product that was stamped with, “Made in Japan” or “Made in Germany.” But those days seem long gone partially due to the economic climate. The press release states, “China has become the world’s largest production base for camera equipment, and digital cameras have gradually become the dominant products. Revenue generated from traditional film cameras is low and these sales tend to be concentrated in rural areas and niche markets. An estimated 90.0% of industry output in 2013 will be digital camera equipment, up from about 41.0% in 2004, says IBISWorld.”

Further on in the report, it states that Foshan Pulihua, Canon, Samsung, and Sony hold a combined share of about 73.3% of total industry revenue. And to clear up any more confusion, they’re mostly talking about accessories and other items categorized and associated with the photo community.

In all honesty though, it just means that there is a shift of where production is being handled. Factory managers often oversee how products are made–and as long as the corporate culture ensures this then the customer will still win.

Via Photoxels