Camera Tripods Market Size was valued at USD 0.4 Billion in 2022. The Camera Tripods market industry is projected to grow from USD 0.41 Billion in 2023 to USD 0.51 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.94% during the forecast period (2023 - 2032). The increased interest in professional photography, as well as the popularity of social media are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rising passion for photography drives market CAGR for camera tripods. The growing interest in photography among users who pursue it as a career. The tripods can be carried when traveling, and because they come in various sizes, photographers find them easy to transport. Photographers' employment is expected to expand by 17% between 2020 and 2030, according to statistics from the U.S. Bureau of Labour Statistics' 2020 Occupational Outlook Handbook. Within the 2020-2030 time range, all photographers will have 12,700 photography employment vacancies. According to data released on Splento Blog in September 2019, the photography sector grew by 2.2% in the United Kingdom and 2.5% in the United States between 2014 and 2019. Increased promotional activity and weddings are driving the development.
Over the previous years, social media has grown rapidly. The popular social media are Facebook and Instagram, have significantly impacted. Professional photographers use social media to advertise their work, exposing their creative side in the online community, conduct exhibits, and recruit customers for company growth. Social media platforms' impact is critical in generating development prospects for the camera tripods industry. With the impact of Instagram, TikTok, and Facebook, users are increasingly blogging and vlogging, which encourages the use of tripods for processing still photographs and videos. Time-lapse and slow-motion pictures are also popular uses for camera tripods. Consumers utilize social media to create blogs and share their artistic landscape and portrait photography. This is propelling the purchase of camera equipment, such as tripods. The fact that most camera tripods are portable and easy to transport when traveling contributes to the sales of camera tripods. Among the factors driving the Camera Tripods market are the development of online education and the popularity of video blogging. Many online teaching platforms have emerged, enabling instructors to produce videos on various subjects. These experts utilize tripods to offer stability and optimum height to cameras when generating educational movies or conducting online teaching sessions. This has resulted in a rise in the demand for camera tripods. Thus, such factors are driving the Camera Tripods market revenue.
The Camera Tripods market segmentation, based on product type, includes travel, studio, and pocket. The travel segment dominated the market, accounting for 44% of market revenue. Users' interest in vacation photography is expanding, resulting in increased product demand. The rising number of travel aficionados and their desire to capture and remember places and moments has increased the need for travel tripods. Furthermore, travelers find it convenient because these tripods are lightweight, easy to carry, and sturdy enough to create shake-free images and movies, accounting for a significant proportion of the worldwide camera tripods market.
Based on distribution channel, the Camera Tripods market segmentation includes store-based {supermarkets & hypermarkets, specialty stores, and others} and non-store-based. The store-based category generated the most income. Because stores provide the option of touch and feel followed by a product presentation, the bulk of the Camera Tripod Market is sold through store-based retailers. This category is further subdivided into supermarkets, hypermarkets, specialized retailers, and others. It helps customers' buying behavior by allowing them to test and try various tripods based on their preferences. In the event of a problem, in-store demonstration via salesperson assistance and easy-return policies drive increased demand for store-based channels. Furthermore, such channels' assured repair and maintenance services drive buying behavior, resulting in category expansion.
Figure 1: Camera Tripods Market, by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
the study provides market insights for region as Europe, Asia Pacific, North America, and the Rest of the World. The North American Camera Tripods market area will dominate this market; the growing interest in high-quality electronics and other accessories among the general public has affected the market for camera tripods. Individuals hooked to travel and rising interest in photography and filmmaking have increased camera consumption, eventually complementing the need for tripods. Furthermore, the key companies' technological and service breakthroughs and upgrades have substantially contributed to market expansion in North America.
Additionally, the countries studied in the market report are The US, Canada, German, France, Japan, Italy, Spain, China, the UK, India, Australia, South Korea, and Brazil.
Figure 2: CAMERA TRIPODS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Camera Tripods market accounts for the second-largest market share. High product awareness and a strong desire to capture landscapes, moments, and portraits have impacted the need for camera accessories. The region's developing media and entertainment business, celebrity photoshoots, and increased sales of professional cameras have all contributed to the region's growing need for camera tripods. Further, the German Camera Tripods market held the largest market share, and the UK Camera Tripods market was the fastest growing in the European area.
The Asia-Pacific Camera Tripods Market is estimated to expand at the quickest CAGR between 2023 and 2032. The increasing population in China and India has allowed current players. Consumers' growing knowledge of personal hygiene and product advantages propels the region's industry forward. Furthermore, celebrities displaying their photographic abilities on social media and the region's developing tourist business have assisted regional market growth. Moreover, China's Camera Tripods market held the largest market share, and the Indian Camera Tripods market was the fastest-growing market in the Asia-Pacific region.
Leading market companies are extensively spending R&D on increasing their product lines, which will help the Camera Tripods market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Camera Tripods industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.
Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Camera Tripods industry to serve clients and expand the market sector. The Camera Tripods industry has provided some of the most important benefits recently. Xiaomi Corporation, Shotoku, Benro and other major competitors in the Camera Tripods market are aiming to raise market demand by investing in R&D operations.
Xiaomi Corporation, sometimes known as Xiaomi Inc., is a Chinese designer and producer of consumer electronics, related software, home appliances, and household products. It is the world's second-largest maker of smartphones, trailing only Huawei, with most of its devices running on the MIUI User Interface, which is based on the Android operating system.Xiaomi was launched in 2010 in Beijing by now multi-billionaire Lei Jun and six senior associates when he was 40.In May 2020, In India, Xiaomi Inc. has released the Mi Selfie Stick Tripod. The Tripod functions as a selfie stick and has control buttons. The selfie sticks Tripod connects through Bluetooth and adjusts to various phone sizes.
Most photography lovers choose the Benro (BENRO) professional photography tripod head. For many years, it has maintained a market share in the home market. Benro (BENRO) has a good reputation worldwide, having established Benro sales representatives in Europe, the United States, Japan, and over forty other countries. With the Benro brand of professional photography tripods and heads becoming the mainstream photography accessories in the international market, Benro began to get involved in professional camera bags in 2007, achieving another leap in brand diversification and leaping to become a " domestic" manufacturer. In February 2022, Benro has released a new line of photographic gear, including a foldable Gimbal Head and tripods. Benro UK has added a new GH2F Folding Gimbal Head, two Tortoise Tripods with Levelling Platform, ArcaSmart 360 Dual, KickStand, and SideArm Plates, and Rama1/Rama2 Accessory Arms to their accessory lineup.
Key Companies in the Camera Tripods Market Include
Camera Tripods Industry Developments
April 2022: Shotoku has long been regarded as a pioneer in creating high-performance, dependable robotic camera systems. This legacy continues with the TG-47, the newest member of the PT head family. With a payload of 22kg/48 lbs, this new model falls between the TG-27 (17kg/37 lbs) and the TG-18 (56kg/123 lbs).The TG-47 is the ideal blend of tiny size, tremendous strength, and built-in dependability. The powerful digital servo technologies that power the well-known TG-27 provide great on-air performance at various speeds. Like all of our P&T heads, it is completely encoded for AR/VR studio compatibility.
September 2021: SWIT Electronics Co. Ltd. offers a variety of tripods ranging from portable to high-end carbon fiber. There were around five tripod models available: three Studio versions and two compact travel vlogger tripods.
December 2021: Nisi Optics USA has released twelve tripod variants composed of high-end carbon fiber and built to survive in all situations. A 5-year warranty covers the lightweight and sturdy twelve-model ranges.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.4 Billion |
| Market Size 2023 | USD 0.41 Billion |
| Market Size 2032 | USD 0.51 Billion |
| Compound Annual Growth Rate (CAGR) | 2.94% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â The Vitec Group plc (Italy), Really Right Stuff (US), Induro Gear (US), Feisol Inc. (US), Gradus Group LLC (US), 3 Legged Thing LTD (UK), in (India), Vanguard World, LLC (US), SLIK Corporation (Japan), and Zomei (China) |
| Key Market Opportunities | Growing adoption of photography as a profession |
| Key Market Dynamics | High Influence of Social Media and Blogging |
Camera Tripods Market Highlights:
Frequently Asked Questions (FAQ) :
The Camera Tripods market size was valued at USD 0.4 Billion in 2022.
The market is projected to grow at a CAGR of 2.94% during the forecast period, 2023-2032.
North America had the largest share in the market.
The key players in the market are The Vitec Group plc (Italy), Really Right Stuff (US), Induro Gear (US), Feisol Inc. (US), Gradus Group LLC (US).
The Travel category dominated the market in 2022.
The Store-Based had the largest share in the market.
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