Transparency Market Research delivers key insights on the global camera bag market. In terms of revenue, the global camera bag market is estimated to expand at a CAGR of ~3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global camera bag market.
The global camera bag market is broadly affected by several factors. The market is gaining popularity due to increasing number of camera users, which is expected to boost the global camera bag market during the forecast period.
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Camera Bag Market: Key Segments
The global camera bag market has been segmented based on type, material, price category, end use, distribution channel, and region. Based on type, the market has been divided into shoulder bags, backpacks, sling bags, cases, and others, wherein the shoulder bag segment is projected to be highly lucrative across the globe from 2018 to 2030, owing to easy availability and end users find it to be highly comfortable. Additionally, penetration of fashionable shoulder bags is expected to drive the sale of camera bags during the forecast period. In terms of material, the camera bag market has been divided into nylon, polyester, cotton, leather, and others. Nylon dominates the market across the globe, as it is lightweight, durable, and cheaper, thus becoming attractive among users. In terms of price, the camera bag market is likely to be dominated by the medium segment, as it includes popular brands of high quality, which satisfies the requirement of users. In terms of end use, the camera bag market across the globe is likely to be driven by non-professional photographers, owing to their huge presence in numbers across the globe.
Based on distribution channel, the market has been divided into online and offline. The online channel is divided into company website and eCommerce website. Offline channel is further divided into hypermarkets & supermarkets, specialty stores, and others. Suppliers offering camera bags, along with advanced accessories offer users steep discounts and attractive offers that has contributed to the growth of the online segment of the camera bag market. Furthermore, major manufacturers operating in this industry are opting to sell their products through online platforms due to the emergence of several eCommerce companies in order to attain a broader consumer base.
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Camera Bag Market: Prominent Regions
The global camera bag market has been divided into North America (U.S. and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). In terms of revenue, Asia Pacific is a major market for growth of the camera bag industry, owing to presence of a huge base of professional photographers and non-professional photographers in emerging countries such as China, India, Japan, South Korea, and Indonesia. The increasing demand for usage of these products in the region is driving the expansion of the camera bag market in Asia Pacific. The market in Europe and North America is projected to witness substantial growth during the forecast period from 2020 to 2030.
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Camera Bag Market: Key Players
Key players operating in the global camera bag market are Artantik LTD, Benro USA, Crumpler Pty Ltd., Gura Gear, LLC, Lap Shun Manufacturing Co Ltd., M Billingham & Co Limited, The Tiffen Company, LLC, The Vitec Group plc, and Case Logic Group.
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