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Camera Accessories Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Jun 2021
  • Pages: 143
  • SKU: IRTNTR44132
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The camera accessories market share is expected to increase by USD -951.82 million from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of -4.82%.

This camera accessories market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers camera accessories market segmentations by distribution channel (online and offline), type (lenses, bags and cases, tripods, batteries and chargers, and others), and geography (North America, Europe, APAC, South America, and MEA). The camera accessories market report also offers information on several market vendors, including Canon Inc., FUJIFILM Holdings Corp., Hitachi Ltd., Koninklijke Philips NV, Nikon Corp., Olympus Corp., RED Digital Cinema LLC, Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp. among others.

What will the Camera Accessories Market Size be During the Forecast Period?

Camera Accessories Market Size

Download the Free Report Sample to Unlock the Camera Accessories Market Size for the Forecast Period and Other Important Statistics

 

Camera Accessories Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for advanced digital cameras is notably driving the camera accessories market growth, although factors such as the declining cost of camera accessories may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the camera accessories market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Camera Accessories Market Driver

One of the key factors driving the global camera accessories market is the high demand for advanced digital cameras. Camera accessory sales are substantially proportionate to the sales of digital cameras, such as DSLRs and MILCs, on a global scale. A vast number of modern cameras offer compatibility with a wide range of lenses, in addition to better picture and video quality. This enables users to personalize their cameras to meet their own needs. The increased compatibility of cameras with lenses of various resolutions, apertures, and focal lengths has resulted in an increase in lens sales, adding to the worldwide camera accessories market's growth. Furthermore, professional photographers that engage in wildlife, fashion, or macrophotography use specific lenses. Nikon's AF-S NIKKOR 80-400mm f/4.5-5.6G ED VR and Canon's EF 100-400mm f/4-5.6L IS II USM are two of the most commonly used lenses by wildlife photographers. With the growing popularity of wildlife and fashion photography, the sales of these lenses are likely to increase during the forecast period. This is expected to drive the growth of the camera accessories market.

Key Camera Accessories Market Trend

Technological advances are another factor supporting the global camera accessories market growth in the forecast period. The creation of new attachments that may be utilized to improve the performance and utility of cameras, as well as accessories that provide better stability and new views to photography, are some of the significant advancements. Consumers can purchase these accessories through the makers' online stores. There have been advancements in the camera accessory market as a result of the introduction of action cameras such as the GoPro Hero series. Consumers can choose from a number of accessories, including handheld, wearable, and numerous adjustment mounts and handlers. Furthermore, the market offers accessories for different types of shooting needs and environments, including traveling, scuba diving, surfing, and snorkeling. The most futuristic of all is the GoPro Karma Drone, which has revolutionized the way action cameras can be used to capture incredible images. In addition, the market offers attachments for a variety of shooting demands and settings, such as travel, scuba diving, surfing, and snorkeling. This will further drive the growth of the camera accessories market during the forecast period.

Key Camera Accessories Market Challenge

The declining cost of camera accessories will be a major challenge for the global camera accessories market during the forecast period. As of 2021, the prices of camera accessories are steadily declining due to the ongoing rise in demand for camera accessories from amateur and professional photographers. Furthermore, due to price-sensitive consumers, the majority of revenue in the global digital camera market comes from developing countries Such as India. As a result, camera accessory costs have limited room for increase. APAC has the largest digital camera customer base, with nations like China and India accounting for a considerable portion of the worldwide camera market's sales. In this situation, camera and camera accessory producers must constantly participate in competitive pricing, resulting in a reduction in the average cost of these items, which is further hampering the market growth. Furthermore, due to the extended product lifecycles of camera accessories, replacement options are limited. As a result, manufacturers must lower their product prices in order to increase sales and remain competitive in the market. In the long run, this might jeopardize their profit margins and hinder market growth.

This camera accessories market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorized global camera accessories market as a part of the global leisure products market. The global camera accessories market was a fragmented industry that is in a phase of innovation. The market characteristics have been analyzed considering lifecycle stage of the market innovation vs. growth vs. maturity. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the camera accessories market during the forecast period.

Who are the Major Camera Accessories Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Canon Inc.
  • FUJIFILM Holdings Corp.
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Nikon Corp.
  • Olympus Corp.
  • RED Digital Cinema LLC
  • Ricoh Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Sony Corp.

 

This statistical study of the camera accessories market encompasses successful business strategies deployed by the key vendors. The camera accessories market is fragmented and the vendors are deploying growth strategies such as product differentiation, portfolio, and pricing to compete in the market.

Product Insights and News

  • Canon Inc. - The company offers various camera accessories such as adapter, battery charger, battery grip, wireless file transmitter, and others.
  • FUJIFILM Holdings Corp. - The company offers various camera accessories including convertors, attachments, mount adapters, and effect filters.? 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The camera accessories market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Camera Accessories Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the camera accessories market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global leisure products market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers providers to ensure a sustainable market presence.

 

Which are the Key Regions for Camera Accessories Market?

Camera Accessories Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

2% of the market's growth will originate from Europe during the forecast period. UK, Germany, France, and Italy are the key markets for market in Europe. Market growth in this region will be faster than the growth of the North America, MEA, South America and APAC regions.

Highly developed retail outlets and online stores will facilitate the camera accessories market growth in MEA over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 decreased the demand for camera accessories in Europe in 2020. Manufacturers in the home furnishings industry began postponing their investments in various projects as low revenues meant low strategic developments. This decreased the demand for camera accessories in the region. However, the market is expected to see a rise in the sales of camera accessories via e-commerce channels. A shift in marketing strategies and the ongoing vaccination drives are expected to support the growth of the regional camera accessories market during the forecast period. 

What are the Revenue-generating Distribution Channel Segments in the Camera Accessories Market?

Camera Accessories Market Segmentation

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The market share growth by the online segment will be significant during the forecast period. The online distribution channel is gaining momentum because of the changing shopping behavior of consumers worldwide. The online distribution channel also helps vendors understand consumer preferences, which can aid in boosting their sales. It provides easy and flexible return policies, which make it convenient for consumers to return and replace damaged goods. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the camera accessories market size and actionable market insights on post COVID-19 impact on each segment.

 

Camera Accessories Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of -4.82%

Market growth 2021-2025

$ -951.82 million

Market structure

Fragmented

YoY growth (%)

-3.79

Regional analysis

North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA

Performing market contribution

MEA at 2%

Key consumer countries

US, UK, Germany, France, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Canon Inc., FUJIFILM Holdings Corp., Hitachi Ltd., Koninklijke Philips NV, Nikon Corp., Olympus Corp., RED Digital Cinema LLC, Ricoh Co. Ltd., Samsung Electronics Co. Ltd., and Sony Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Camera Accessories Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive camera accessories market growth during the next five years
  • Precise estimation of the camera accessories market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the camera accessories industry across North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of camera accessories market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 03: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 04: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 07: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 08: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 09: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 10: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 11: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 12: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 13: Market condition - Five forces 2020

5 Market Segmentation by Distribution channel

  • 5.1 Market segments
    • Exhibit 14: Distribution channel - Market share 2020-2025 (%)
  • 5.2 Comparison by Distribution channel
    • Exhibit 15: Comparison by Distribution channel
  • 5.3 Online - Market size and forecast 2020-2025
    • Exhibit 16: Online - Market size and forecast 2020-2025 ($ million)
    • Exhibit 17: Online - Year-over-year growth 2020-2025 (%)
  • 5.4 Offline - Market size and forecast 2020-2025
    • Exhibit 18: Offline - Market size and forecast 2020-2025 ($ million)
    • Exhibit 19: Offline - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Distribution channel
    • Exhibit 20: Market opportunity by Distribution channel

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 21: Type - Market share 2020-2025 (%)
  • 6.2 Comparison by Type
    • Exhibit 22: Comparison by Type
  • 6.3 Lenses - Market size and forecast 2020-2025
    • Exhibit 23: Lenses - Market size and forecast 2020-2025 ($ million)
    • Exhibit 24: Lenses - Year-over-year growth 2020-2025 (%)
  • 6.4 Bags and cases - Market size and forecast 2020-2025
    • Exhibit 25: Bags and cases - Market size and forecast 2020-2025 ($ million)
    • Exhibit 26: Bags and cases - Year-over-year growth 2020-2025 (%)
  • 6.5 Tripods - Market size and forecast 2020-2025
    • Exhibit 27: Tripods - Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: Tripods - Year-over-year growth 2020-2025 (%)
  • 6.6 Batteries and chargers - Market size and forecast 2020-2025
    • Exhibit 29: Batteries and chargers - Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: Batteries and chargers - Year-over-year growth 2020-2025 (%)
  • 6.7 Others - Market size and forecast 2020-2025
    • Exhibit 31: Others - Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: Others - Year-over-year growth 2020-2025 (%)
  • 6.8 Market opportunity by Type
    • Exhibit 33: Market opportunity by Type

7 Customer landscape

  • 7.1 Customer landscape
    • Exhibit 34: Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 35: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 36: Geographic comparison
  • 8.3 North America - Market size and forecast 2020-2025
    • Exhibit 37: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 38: North America - Year-over-year growth 2020-2025 (%)
  • 8.4 Europe - Market size and forecast 2020-2025
    • Exhibit 39: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 40: Europe - Year-over-year growth 2020-2025 (%)
  • 8.5 APAC - Market size and forecast 2020-2025
    • Exhibit 41: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 42: APAC - Year-over-year growth 2020-2025 (%)
  • 8.6 South America - Market size and forecast 2020-2025
    • Exhibit 43: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 44: South America - Year-over-year growth 2020-2025 (%)
  • 8.7 MEA - Market size and forecast 2020-2025
    • Exhibit 45: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 46: MEA - Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
    • Exhibit 47: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 48: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview
    • Exhibit 50: Vendor landscape
  • 10.2 Landscape disruption
    • Exhibit 51: Landscape disruption
    • Exhibit 52: Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 53: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 54: Market positioning of vendors
  • 11.3 Canon Inc.
    • Exhibit 55: Canon Inc. - Overview
    • Exhibit 56: Canon Inc. - Business segments
    • Exhibit 57: Canon Inc. -Key news
    • Exhibit 58: Canon Inc. - Key offerings
    • Exhibit 59: Canon Inc. - Segment focus
  • 11.4 FUJIFILM Holdings Corp.
    • Exhibit 60: FUJIFILM Holdings Corp. - Overview
    • Exhibit 61: FUJIFILM Holdings Corp. - Business segments
    • Exhibit 62: FUJIFILM Holdings Corp. -Key news
    • Exhibit 63: FUJIFILM Holdings Corp. - Key offerings
    • Exhibit 64: FUJIFILM Holdings Corp. - Segment focus
  • 11.5 Hitachi Ltd.
    • Exhibit 65: Hitachi Ltd. - Overview
    • Exhibit 66: Hitachi Ltd. - Business segments
    • Exhibit 67: Hitachi Ltd. -Key news
    • Exhibit 68: Hitachi Ltd. - Key offerings
    • Exhibit 69: Hitachi Ltd. - Segment focus
  • 11.6 Koninklijke Philips NV
    • Exhibit 70: Koninklijke Philips NV - Overview
    • Exhibit 71: Koninklijke Philips NV - Business segments
    • Exhibit 72: Koninklijke Philips NV -Key news
    • Exhibit 73: Koninklijke Philips NV - Key offerings
    • Exhibit 74: Koninklijke Philips NV - Segment focus
  • 11.7 Nikon Corp.
    • Exhibit 75: Nikon Corp. - Overview
    • Exhibit 76: Nikon Corp. - Business segments
    • Exhibit 77: Nikon Corp. -Key news
    • Exhibit 78: Nikon Corp. - Key offerings
    • Exhibit 79: Nikon Corp. - Segment focus
  • 11.8 Olympus Corp.
    • Exhibit 80: Olympus Corp. - Overview
    • Exhibit 81: Olympus Corp. - Business segments
    • Exhibit 82: Olympus Corp. -Key news
    • Exhibit 83: Olympus Corp. - Key offerings
    • Exhibit 84: Olympus Corp. - Segment focus
  • 11.9 RED Digital Cinema LLC
    • Exhibit 85: RED Digital Cinema LLC - Overview
    • Exhibit 86: RED Digital Cinema LLC - Product and service
    • Exhibit 87: RED Digital Cinema LLC - Key offerings
  • 11.10 Ricoh Co. Ltd.
    • Exhibit 88: Ricoh Co. Ltd. - Overview
    • Exhibit 89: Ricoh Co. Ltd. - Business segments
    • Exhibit 90: Ricoh Co. Ltd. -Key news
    • Exhibit 91: Ricoh Co. Ltd. - Key offerings
    • Exhibit 92: Ricoh Co. Ltd. - Segment focus
  • 11.11 Samsung Electronics Co. Ltd.
    • Exhibit 93: Samsung Electronics Co. Ltd. - Overview
    • Exhibit 94: Samsung Electronics Co. Ltd. - Business segments
    • Exhibit 95: Samsung Electronics Co. Ltd. - Key offerings
    • Exhibit 96: Samsung Electronics Co. Ltd. - Segment focus
  • 11.12 Sony Corp.
    • Exhibit 97: Sony Corp. - Overview
    • Exhibit 98: Sony Corp. - Business segments
    • Exhibit 99: Sony Corp. - Key offerings
    • Exhibit 100: Sony Corp. - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Currency conversion rates for US$
    • Exhibit 101: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 102: Research Methodology
    • Exhibit 103: Validation techniques employed for market sizing
    • Exhibit 104: Information sources
  • 12.4 List of abbreviations
    • Exhibit 105: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Camera Accessories Market market growth will increase by $-951.82 mn during 2021-2025.
The camera accessories market market is expected to grow at a CAGR of -4.82% during 2021-2025.
Technavio has segmented the camera accessories market market by distribution channel (online and offline) ,type (lenses, bags and cases, tripods, batteries and chargers, and others) , and geography (North America, Europe, APAC, South America, and MEA).
Canon Inc., FUJIFILM Holdings Corp., Hitachi Ltd., Koninklijke Philips NV, Nikon Corp., Olympus Corp., RED Digital Cinema LLC, Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Sony Corp. are a few of the key vendors in the camera accessories market market.
MEA will register the highest growth rate of 2% among the other regions. Therefore, the camera accessories market market in MEA is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the camera accessories market market growth are:
  • High demand for advanced digital cameras
  • Technological advances
The camera accessories market market vendors should focus on grabbing business opportunities from the online segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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