A GorillaPod is a tripod used by professional photographers to stabilize their cameras. They are different from the conventional tripods. GorillaPod has flexible legs that are designed to wrap and bend in any direction. A traditional tripod can be used only on even surface, however, with GorillaPod, getting the perfect shot is convenient, regardless of the surface where it is placed. The feet or stand of the GorillaPod are made with rubberized grip and it also has secure locking ring to attach camera. Although the legs of GorillaPod are flexible, the pod would not be strained or bent under the weight of the camera. The global Gorillapod market has experienced a significant growth, and is expected to grow considerably in next few years owing to the increase in interest toward adoption of advanced technology among customers.

Joby, Peter Dering, Black Rapid, Digitek, Mobone, Yantralay School Of Gadgets, Xordux, Yantralay, Photron, Lionbolt, OM Infuse

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COVID-19 Scenario Analysis

The COVID-19 outbreak has shaken economies in the whole world. In this scenario, some industries have done quite well while others have suffered losses. The traditional & staple food market, cleaning & hygiene product market, and medical industry are such categories which have witnessed a substantial growth. The world wide pandemic occurrence has significantly reduced the frequency of purchase of lifestyle products, electrical products, and electronics products. However, the demand for GorillaPod has increased due to increase in vlogging during the lockdown period. COVID-19 outbreak has created scarcity of labor supply, raw materials, and availability of other components due to which production of Gorillapod has been hampered. The impaired supply chain and distribution network are some of the challenges on which the industry has focused. In post COVID-19 scenario, the sale of GorillaPod may increase from e-commerce platforms. The companies need to develop such strategies to change the design of their supply chain and production policies or plan in tandem with the change in business environment.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The customer’s inclination toward advanced and innovative technology has surged the demand for GorillaPod. Its advanced technology offers several benefits due to which it is used in many commercial purposes and household as well. The GorillaPod is lighter in weight and more portable than conventional tripod. In addition, it comes for different size of cameras.

The rise in trend of vlogging on YouTube, facebook, and other social media platforms has propelled the demand for GorillaPod in the market. The surge in interest among millennials for photography and video making acts as a driving force for the growth of this market. The lockdown in many countries has forced institutions and colleges to convert farewell and other occasions into virtual events, which has further propelled the market’s growth.

The rise in disposable income in the developing economies is one of the major growth drivers for the GorillaPod market. The inflated income of the consumers has increased their affordability for GorillaPod. The change in life style and increase in standard of living have influenced people to opt for better and enhanced technology products, which further adds to the GorillaPod market.

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The Global GorillaPod Market Trends

New Product Launches to Flourish the Market

The launches of new products that contain improved capabilities have been produced by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. Manufacturers have focused on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. For instance, in April 2019, Joby introduced GorillaPod 3K Pro, which is the new version of the same series with metal body.

Key Benefits of the Report

This study presents the analytical depiction of the global GorillaPod market industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global GorillaPod market share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global GorillaPod market.
Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
The report provides a detailed global GorillaPod market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the GorillaPod Market Research Report

Which are the leading players active in the GorillaPod market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

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