Camera Tripods Market- Overview
The popularity of social media and the growing interest in professional photography are the two main factors driving demand for camera tripods. Consumers use social media to post blogs and share their artistic landscape and portrait images. As per MRFR, the market is projected to reach USD 407.2 Million by 2027 while developing at a CAGR of 2.94% by 2027.
To some extent, the growing usage of social media to promote photographic abilities is driving the growth of the camera tripods market. However, during the forecast period, high product costs and a growing number of local businesses selling counterfeit and low-quality items may limit the camera tripods market's expansion.
Segment Analysis
The segmental assessment of the Camera Tripod Market is conducted based on product type, distribution channel, and regions. The distribution channel segment of the camera tripod market consists of store-based, which includes supermarkets hypermarkets, specialty stores, and non-store-based. The region segment of the camera tripod market consists of Asia-Pacific, Europe, North America, and other notable regions. The product type segment of the camera tripod market consists of travel, studio, and pocket.
Regional Analysis
North America controlled the worldwide camera tripods market. High product awareness and a strong desire to capture landscapes, moments, and portraits have affected the demand for camera accessories. The region's rising media and entertainment business, celebrity photo sessions, and increased sales of professional cameras have all contributed to the region's growing need for camera tripods. For the camera tripods market, Asia-Pacific is a new revenue source. China's and India's rising populations have created a lucrative market for existing players. The market in the region is developing because of growing customer awareness of personal hygiene and product benefits. Furthermore, celebrities displaying their photographic skills on social media, and the region's developing tourism business, have assisted regional market growth.
Competitive Analysis
Leaders play a critical role in implementing modern technology and data to combine processes that meet evolving needs as digital acceleration transforms industries and customer and employee expectations. Players will benefit from seeking out new collaborations and curating value ecosystems to move faster while developing new products and services that meet customer expectations. The contemporary landscape drives end-to-end transformation, from the rapid adoption of new working practices to incubating new business models. Customer expectations and experiences are being transformed by technology, and it's occurring quicker than ever before. The COVID-19 outbreak is still changing the world as we know it, particularly in terms of how we behave and interact as organizations and as individuals. Some industries are expected to rebound faster than others, reflecting shifts in consumer behavior. The pandemic has sparked change, typically in the area of digital transformation, and a variety of projects ranging from virtual sales and service to e-commerce to data acceleration are not only swiftly becoming a new directive but are also becoming a new standard.
The key camera tripod market players are Really Right Stuff (US), Feisol Inc. (US), Gradus Group LLC (US), 3-Legged Thing LTD (UK), in (India), Induro Gear (US), Vanguard World, LLC (US), The Vitec Group plc (Italy), SLIK Corporation (Japan), and Zomei (China).
Recent Developments
Oct 2021 Benro has just released the Hydra 2 waterproof tripod, which is designed for travel photographers who require a tough and reliable support system. The Hydra 2 guarantees robust and sturdy support for your camera, packing down to an astounding 42.4cm and reaching a maximum height of 153cm with the middle column extended. When paired with the 5-section leg design capable of carrying up to 17kg, the newest carbon fiber weave offers great strength to weight.
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