Photography Equipment Market in the US 2017-2021
About Photography Equipment
Photography equipment include cameras and associated equipment used for capturing images. The captured images can be still images or in the form of videos. Different types of camera equipment are available in the market to cater to the varying needs of consumers. Some of the photography equipment include lens mounts, optical filters, photographic films, and zoom lenses.
Technavio’s analysts forecast the photography equipment market in the US to grow at a CAGR of 3.53% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the photography equipment market in the US for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Photography Equipment Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the photography equipment market in the US: Canon, FUJIFILM, Nikon, Panasonic and Sony.
Other Prominent Vendors in the market are: Argus Camera, Bolex International, Bron Elektronik, CASIO COMPUTER, COSINA, IMAX, Eastman Kodak Company, Olympus, Ricoh, Schneider Optics and Samsung.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is personalized digital cameras. The demand for personalized digital cameras is increasing as many youngsters are taking up photography as a hobby. Most youngsters like to experiment with the equipment they possess, and many of them are coming up with innovative ideas to capture photographs.”
According to the report, one driver in the market is product innovation and enhanced features. The global photography equipment market is at a growth stage due to the current dynamic environment in the photography industry. The industry is undergoing various changes in the form of innovations and advanced technologies. Cameras and accessories are being developed on a continuous basis, bringing convenience and ease of usage to consumers. Although the use of smartphones for photography and videography is increasing, threatening the market growth, there are certain things that smartphones cannot deliver like high-quality images.
Further, the report states that one challenge in the market is presence of used photography equipment retailers. The used photography equipment market is posing a threat to the photography equipment market in the US as well as the manufacturers of photography equipment. The main factor that is attracting both the professional and amateur photographers to the used photography equipment market is the high costs of cameras featuring new technologies, lenses, and other accessories. Used photography equipment retailers and online sellers buy used equipment from people who want to make upgrade purchases or simply sell the equipment as they do not use them anymore.
Canon, FUJIFILM, Nikon, Panasonic, Sony, Argus Camera, Bolex International, Bron Elektronik, CASIO COMPUTER, COSINA, IMAX, Eastman Kodak Company, Olympus, Ricoh, Schneider Optics and Samsung.