Photography Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The photography equipment market is segmented by product type (Camera, Lens, Other photography equipment), by distribution channel (Online channel and Offline channel) and by Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa)

Photography Equipment Industry Overview

Photography Equipment Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.78 %

Major Players

Photography Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Photography Equipment Market Analysis

The global photography equipment market is projected to register a CAGR of 5.78% during the forecast period, 2020 to 2025.

Currently, the market is foreseeing high demand for high-quality cameras with integrated modern technology. Products like cameras, lenses, and other photography equipment with innovative features and functionalities are priced higher compared to other regular product offerings. In line with the above-mentioned factors, many players are launching premium photography equipment that incorporates the use of innovative technologies.

Photography Equipment Industry Segments

The global photography equipment market is segmented by product type as Camera, Lens, Other photography equipment, by distribution channel the market is segmented into Online channel and Offline channel and by Geography the Market is studied for North America, Europe, Asia Pacific, South America, Middle East & Africa.

By Product Type
Camera
Lens
Others
By Distribution Channel
Online Retail
Offline Retail
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Photography Equipment Market Trends

This section covers the major market trends shaping the Photography Equipment Market according to our research experts:

Increasing sale of Photography Equipment’s from Online Retailing Channels

The growing popularity of online retailing is increasingly making it easier for professional and non-professional photographers to browse and purchase from a wide range of photography equipment available online. Consumers have an option to choose photography equipment that matches their requirements and is compatible with the digital camera that they own. Further, online retailing is making the overall shopping experience easier, and the ability to market and sell these products online opens up new avenues for a large number of vendors to expand their business in terms of product availability and accessibility. Players like Nikon Corporation, Canon Inc., Eastman Kodak Company, and others are running online portals and having tie-ups with e-retailers to sell photography equipment. It is expected that increasing penetration of the internet will enable many players to offer a large number of photography equipment categories and also widen their customer base for their products.

Photography Equipment Market Share

Surge in Product Innovation & Manufacturing Enterprise Growth

With rapid technological advancements, the photography concept has gone through very radical change, with a major focus on innovation in terms of technology, performance, features, and design. Certain innovation in the photography equipment market has also escalated the establishment rate, wherein, countries such as France have recently witnessed a growth in terms of manufacturing enterprises solely meant for optical instruments and photography equipment. Furthermore, technological innovation and product differentiation are expected to be the primary factors defining the growth of the mature markets of the Americas, Europe, and Japan. For instance, Japan-based Fujifilm has launched its latest camera under the X Series. The X-T30 features the latest 26.1MP X-Trans CMOS 4 sensor and X-Processor 4 image-processing engine. The X-Trans CMOS 4 sensor has 2.16 million phase detection pixels. The camera offers high accurate AF performance with shooting capability of up to 30 fps.

Photography Equipment Market Forecast

Photography Equipment Market Competitor Analysis

The global photography equipment market is consolidated with major players accounting for a significant share globally. Technological know-how, along with product innovation are the major inputs that have enabled companies to operate in such a competitive environment.

Major Key Players operating in the photography equipment market are Canon Inc., Fujifilm Holdings Corporation, Nikon Corporation, Panasonic Corporation, Samsung electronics co, Sony Corporation, Leica Camera AG, Olympus Corporation, Hasselblad, and others.

Photography Equipment Market Top Players

  1. Canon Global

  2. Fujifilm International

  3. Samsung International

  4. Panasonic Corporation

  5. Nikon Corporation

*Disclaimer: Major Players sorted in no particular order

Canon Global, Fujifilm International, Samsung International, Panasonic Corporation, Nikon Corporation

Photography Equipment Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definitions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET SEGMENTATION

    1. 4.1 By Product Type

      1. 4.1.1 Camera

      2. 4.1.2 Lens

      3. 4.1.3 Others

    2. 4.2 By Distribution Channel

      1. 4.2.1 Online Retail

      2. 4.2.2 Offline Retail

    3. 4.3 By Geography

      1. 4.3.1 North America

        1. 4.3.1.1 United States

        2. 4.3.1.2 Canada

        3. 4.3.1.3 Mexico

        4. 4.3.1.4 Rest of North America

      2. 4.3.2 Europe

        1. 4.3.2.1 United Kingdom

        2. 4.3.2.2 Germany

        3. 4.3.2.3 France

        4. 4.3.2.4 Italy

        5. 4.3.2.5 Russia

        6. 4.3.2.6 Rest of Europe

      3. 4.3.3 Asia Pacific

        1. 4.3.3.1 China

        2. 4.3.3.2 Japan

        3. 4.3.3.3 India

        4. 4.3.3.4 Australia

        5. 4.3.3.5 Rest of Asia-Pacific

      4. 4.3.4 South America

        1. 4.3.4.1 Brazil

        2. 4.3.4.2 Argentina

        3. 4.3.4.3 Rest of South America

      5. 4.3.5 Middle East and Africa

        1. 4.3.5.1 South Africa

        2. 4.3.5.2 Saudi Arabia

        3. 4.3.5.3 Rest of Middle East and Africa

  5. 5. COMPETITIVE LANDSCAPE

    1. 5.1 Most Active Companies

    2. 5.2 Most Adopted Strategies

    3. 5.3 Market Share Analysis

    4. 5.4 Company Profiles

      1. 5.4.1 Canon Inc

      2. 5.4.2 FUJIFILM Holdings Corporation

      3. 5.4.3 Nikon Corporation

      4. 5.4.4 Panasonic Corporation

      5. 5.4.5 Samsung Electronics Co.

      6. 5.4.6 Sony Corporation

      7. 5.4.7 Leica Camera AG

    5. *List Not Exhaustive
  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Photography Equipment Market Research FAQs

The Photography Equipment Market is studied from 2018 - 2028.

The Photography Equipment Market is growing at a CAGR of 5.78% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Canon Global, Fujifilm International, Samsung International, Panasonic Corporation, Nikon Corporation are the major companies operating in Photography Equipment Market.

Photography Equipment Industry Reports

In-depth industry statistics and market share insights of the Photography Equipment sector for 2020, 2021, and 2022. The Photography Equipment research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Photography Equipment report PDF.

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