Market Scenario
Market Research Future (MRFR) studied the global camera tripods market 2020 through the review period till 2027. As per MRFR study, the camera tripods market is expected to rise at 2.94% CAGR across the analysis period from 2020 to 2027. By 2027, the camera tripod market is expected to garner around USD 407.2 Mn. The growing growing inclination for professional photography and expansion of the influencer business through social media are expected to drive the camera tripods market growth. A large consumers base using social media to write blogs and upload creative photographs can benefit the camera tripod market due to the increasing sales of camera accessories. Portability and comprehensibility of camera tripods aid in ease of traveling and adjusting certain angles to get high quality picture can prompt the camera tripods market expansion on a global scale. On the contrary, the rise in number of local brands that offer counterfeit and inferior quality products and expensive accessories by reputed brands are causes that can hinder the market upsurge in the forecast tenure.
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Market Segmentation
The segment analysis of the global camera tripod market is based on product type and distribution channel.
The product type-based segments of the camera tripod market are travel, pocket, and studio among others. The travel segment is expected to witness decent revenue for the market in the review period. The studio segment is expected to garner considerable profit for the market by 2027. The growing demand for photograph around the world to capture landscapes, wildlife, sporting events, lifestyle of celebrities and other human activities that offer immense scope to bring in decent business. In addition, the introduction of studios as workspace to take, develop, duplicate, and print photographs can benefit the market in the review period. Tripods used in studios are strong, heavy, and , sturdy. Studio tripods are the best quality tripods that can be used for photography. However, its lack of portability is a potential cause that can lower its sales in the near future.
The distribution channel-based segments of the camera tripod market are non-store based and store-based. The non-store segment of camera tripod market is expected to acquire decent revenue for the global market. A large volume of camera tripods are sold through store-based retailers as they provide the facility of touch and feel a product on display. The store-based segments of the camera tripod market are supermarkets, hypermarkets, and specialty stores. The supermarkets and hypermarkets segment is expected to garner high revenue for the market by 2027.
Region Study
In North America, the camera tripods market is likely to thrive owing to increase in product awareness and inclination towards professional photography. Capturing landscapes, portraits, and moments have significantly influenced the regional camera accessories market. The expansion of the media and entertainment industry in the region is expected to add to the increasing momentum of the market as the demand for photo shoots of popular personalities are rising at a steady pace. In Europe, similar causes are responsible for the rise of camera tripod market. The surge in sale of professional cameras resulting in upscaling demand for camera tripods is another critical cause that can support the regional market rise. In Asia Pacific, the camera tripods market is expected to thrive at considerable pace due to the presence of major players dealing in tripod stands in China and India. The rise in awareness about consumers about product benefits of camera accessories can also add to the market in the analysis period. The gradual surge of the tourism industry and increase in number of celebrities and social media influencers are expected to profit the regional market in the years to come. In MEA region, the camera tripods market is expected to garner considerable revenue in recent years due to the growing adoption of photography as a profession The rising awareness about benefits of camera tripods, such as; absorbing of vibration while clicking pictures and well-defined camera angle shots can aid in the expansion of the camera tripods market in the years to come.
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Key Players
Gradus Group LLC (US), Induro Gear (US), Feisol Inc. (US), The Vitec Group plc (Italy), Really Right Stuff (US), 3 Legged Thing LTD (UK), Vanguard World, LLC (US),in (India), SLIK Corporation (Japan), and Zomei (China) are some top-notch companies in the camera tripods market that are listed by MRFR to gain insights into the competitive study of the market.
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