Market Overview
Global Camera Tripods Market Size is projected to be valued at USD 407.2 Million by 2027 at a CAGR of 2.94% between 2020 and 2027. There are various Camera Tripods Market Size available in the market that help photographers take clear and sharp pictures as there is no "camera-shake" from unsteady hands. A camera tripod is convenient and generally provides better results over photos captured without the use of a tripod. The identity of a good camera tripod market size is determined by its lightweight and simultaneously the ability to withstand minimal vibrations. Purchasing a good camera tripod is also dependent upon the maximum height, folded height, and minimum height the tripod reaches, as this could affect the quality of the picture taken. Photographers also use Camera Tripods Market Size to hold the camera, set the timer, and aim at the correct subject to be part of the same photograph. However, an increasing number of imitation products and high product cost is expected to hinder the market growth during the forecast period. Moreover, due to the outbreak of COVID-19, restricted access to public gathering places and outdoor tourism activities have lowered the sales of Camera Tripods Market Size across the world.
Key Players
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)
Zomei (China)
Market Segmentation:
Growing professional photography industry: Photography has existed for less than 200 years and generates a revenue of around USD 10 billion every year around the world. The photography industry involves services such as still photography, digital photography, and videography. These services can be further bifurcated into commercial, industrial, portrait, wedding, and special events photography. Traditional photography involved photo processing workers, film lab technicians, and photography equipment repairers. However, advancements in the photography industry have replaced all the tedious and traditional mediums with accessible digital technologies. Technological advancements in the professional photography industry are expected to register a CAGR of 3.06% during the forecast period. Due to the growing professional photography industry, the sales of camera tripods have been increasing at a high pace across the globe.
Technological Advancements: Manufacturers invest in research and technology development to improve existing products and procedures to develop new products. Numerous research studies and analyses have been done in this field already. Camera Tripods Market Size are packed with technologies. With passing years, market players have been developing new and innovative features to attract consumers and build a prominent position in the global market. For instance, the pistol grip ball head is a relatively recent invention where the trigger feature and gun grip allow the user to hold, unlock, and reposition the camera on a tripod with one hand. Another instance, GorillaPod tripods have flexible legs that can bend in every possible direction and, at the same time, has the ability to hold a variety of devices from tiny snapshot cameras to heavy-duty cameras.
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