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Camera Tripods Market Size, Share and Analysis By Material Type (Wool, Polyester, and Cotton), By Application (Household and Commercial), By Distribution Channel (Online and Offline) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106543 | Status : Ongoing

 

KEY MARKET INSIGHTS

The primary driving factor leading to the growth of the global camera tripods market is the increasing passion for photography among the users that adopt it as a profession. The tripods can be carried during travel, and due to their availability in multiple sizes, photographers find it convenient to carry around.



  • According to the data from the 2020 Occupational Outlook Handbook by the U.S Bureau of Labor Statistics, the photographers' employment rate is projected to grow between 17 % from 2020 to 2030. There will be 12,700 job openings based on photography for all the photographers yearly within the 2020-2030 time frame.

  • According to data published on Splento Blog in September 2019, the photography industry witnessed 2.2 % in the U.K. and 2.5 % in the U.S. from 2014-19. The factors leading to the growth are increasing advertising activities and marriages.


The influence of social media platforms plays a key role in garnering growth opportunities for the camera tripods market. With the influence of Instagram, TikTok, and Facebook, there is a growing trend of blogging and vlogging among users, which supports the consumption of tripods for processing still images and videos. Also, time-lapse and slow-motion shots attract the camera tripods consumption.


  • According to an announcement made by Facebook, the parent company of Instagram, in Sept 2021, there are 500 million daily Instagram users and over 1 billion monthly Instagram users under the influence of Instagram for photography and videography, including Reels and other Instagram features.


The key market players in the organized market of tripods that offer feature-loaded products for consumers' convenience have uplifted tripods' sales, thereby generating growth opportunities for the camera tripods market.


  • For instance, in June 2020, Xiaomi Inc. has introduced the Mi Selfie Stick Tripod in India. The Tripod works as a selfie stick and can be operated with control buttons. The selfie stick tripod connects with Bluetooth devices and adapts to different phone sizes.


Impact of COVID-19 on Camera Tripods Market


The Covid-19 outbreak has largely impacted the global supply chain and distribution of different consumer goods. The stringent regulations across the globe to curb the virus spread has led to economic disruptions and trade tensions. As a result, the implemented lockdowns led to the closure of retail stores and a decline in the demand for camera tripods and other essentials. These factors have ultimately led to a price rise for such products. However, the users shifting purchase behavior through online platforms is expected to accelerate the growth of the camera tripods market.

Also, slight relaxations in travel restrictions and lockdowns will resume the travel activities, ultimately leading to demand such products.

Key Insights


The report will cover the following key insights:


  • Increasing passion for photography and photography industry growth – For Camera Tripods Market

  • Influence of social media platforms like Instagram and Facebook and the number of users– For Camera Tripods Market

  • Overview of Camera Tripods Market - For Camera Tripods Market

  • Key market players product offerings-  For Camera Tripods Market

  • Impact of COVID-19 on Camera Tripods Market


Analysis by Product Type


The travel tripods are anticipated to account for the dominant share of global camera tripods. There is a growing passion for travel photography among the users, which caters to greater product demand. The growing number of travel enthusiasts and their desire for capturing and recording places and moments has escalated the requirement of travel tripods. Moreover, travelers find it travel-friendly as these tripods are lightweight, easier to pack, and strong enough to produce shake-free pictures and videos, which accounts for a dominant share in the global camera tripods market.

Analysis By Distribution Channel


The store-based segment is estimated to hold the prevailing share of the global camera tripods market as it facilitates the user's purchase behavior by allowing the users to test and try out the tripods as per their preferences. In case of defects, in-store demonstration through salesperson assistance and easy-return policies surge the demand for store-based channels. Besides this, such channels' assured repair and maintenance services stimulate the purchase behavior, leading to the segment's growth.

Regional Analysis


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The North American region is expected to hold a leading share of the global camera tripods market, and is projected to witness a strong foothold in revenue share for camera tripods and other digital gadgets. The population's mounting interest in high-quality electronics and other accessories has influenced the demand for camera tripods. The travel addicted individuals and their growing affinity towards photo shooting and videography have surged the consumption of cameras, ultimately supplementing the demand for tripods. Furthermore, the prominent players' innovations and upgrades in technologies and services have significantly contributed to the market growth in North America.

Key Players Covered


The report will include the profiles of key players such as Canon Inc., SLIK Corp, Nikon Corporation, Sony Corporation, Celestron LLC, 3 Legged Thing, Feisol Inc., Gradus Group LLC, Vanguard World LLC, Samsung Group, and others.

Segmentation
















By Product Type


 By Distribution Channel


By Geography



  • Travel

  • Pocket

  • Medium Duty

  • Sturdy Duty (Studio Tripods)

  • Others




  • Store-Based

  • Non-Store Based




  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of APAC)

  • Middle East & Africa (UAE, South Africa, and Rest of MEA)

  • South America (Brazil, Argentina, and Rest of South America)  



Key Industry Developments



  • For instance, in Sept 2021, SWIT Electronics Co. Ltd. introduced a range of tripods from portable ones to high-end carbon fiber ones. There were around five tripod models – three Studio models and two portable ones for travel vloggers.

  • For instance, in Dec 2021, Nisi Optics USA announced the launch of a tripod range consisting of twelve models designed using high-end carbon fiber made to last in all conditions. The lightweight and robust twelve ranges of models come with a 5-year warranty.





  • Ongoing
  • 2023
  • 2019-2022

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