The market is dominated by domestic suppliers, as imports account for 33.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 68.1% of total demand in 2023. Canada has the seventh largest market size for optical instruments and photographic equipment across the top 20 developed countries, with demand reaching USD5.1 billion in 2023. Essilor Canada Ltd is the largest company in Canada, generating 4.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 9.7% of total production value in 2023. The total number of companies decreases in 2023, to 613 units. The costs of the industry decrease by 2.6% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 3.8% of production value in 2023, the 18th highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 18.8% of total production output. With production value of USD4.5 billion, Canada accounts for 20.4% 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 Canada: 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 Canada: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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