About the Report
The global camera bag market is gaining momentum and is projected to expand at over 3% CAGR through 2031. With increase in requirement for various camera bags such as shoulder bags, cases, and backpacks, to name a few, manufacturers are bringing in a flurry of new products targeting diverse end users. This, in turn, is raising overall industry value.
A new report on camera bags by Fact.MR offers detailed insights of the global industry, key trends, and demand-supply patterns for the forecast period of 2021 to 2031. As stated in the report, North America and Europe will hold a major pie of the global industry share, while the market in Asia Pacific will register the fastest growth over the next ten years.
Historical Trends Vs. Future Outlook on Camera Bag Sales
Camera bags manufacturers have been thriving on growing demand from both, professional and non-professional photographers over the past years. With increase in inclination towards photography as a hobby, apart from as a profession, manufacturers of camera bags experienced steady rise in sales. According to Fact.MR, the global market showed slow yet steady growth over the last 5 years from 2016 to 2020.
As the requirement for camera bags made from various materials such as leather, nylon, polyester, and others in getting prominence, suppliers are expected to come across more lucrative growth scope over the coming years. Advancements in online and offline distribution channels coupled with rise in adoption of cutting-edge technologies by manufacturers are expected to spur industry growth over the next ten years.
How is Growing Inclination towards Photography Propelling Demand for Camera Bags?
With increase in polarity of photography, such as nature photography, wildlife photography, fashion photography, and others, demand for camera bags is rising steadily around the globe.
According to data revealed the Bureau of Labor Statistics, the photography industry is evolving with the proliferation of photography related activities in both, professional and non-professional domains. As stated in the report, profitability in the photography industry in the United States and the United Kingdom is 12.1% and 11.2%, respectively, which, in turn, is attracting more market players into this space.
What are the Key Challenges Faced by Camera Bag Manufactures?
There are a few restraining factors creating challenges for camera bag manufacturers, such as-
- Environmental policies on usage of plastics
- Restrictions on usage of leathers due to campaigns and initiatives taken by Animal rights Organizations
- Time-consuming process cycles
Also, the outbreak of the COVID-19 pandemic, especially the second wave, has resulted in a temporary decline in industry growth due to shortage of material and labor, reduced photography activities, and others.
However, these restraints are expected to get reduced in the near future, creating ample opportunities for key industry players.
What are the Key Driving Factors for Camera Bag Sales in the United States?
The United States is leading in North America’s market for camera bags, and is expected to sustain is position throughout the forecast period. Growing interest in photography and advancements in the manufacturing sector are propelling growth in the U.S.
According to a report published by the Professional Photographers of America (PPA), the United States is one of the leading countries in North America’s photography industry. As stated in the report, PPA has brought in an extensive range of resources, initiatives, and others in order to boost the U.S. photography sector, such as-
- Tools and resources that help photographers run profitable fulfilling businesses
- Connecting events for like-minded professional
- Equipment insurance
- Strong community support and system
This, in turn, is helping camera bag manufacturers raise their profit margins further in the country.
What’s Fuelling Sales of Camera Bags in Germany?
Germany has been dominating Europe as far as camera bag sales are concerned, since the past decade, and is expected to maintain its leading position during the forecast period. Advancements in photography sector and increase in investments by key manufacturers in R&D activities are fueling sales of camera bags in Germany.
According to a report published by the Bureau of Labor Statistics, nearly 3% of the German population is attached to some kind of technical or other profession related to photography. Furthermore, rise in the number of photography institutes and facilities of ample of photography courses in various public universities such as Technical University of Munich, University of Bonn, University of Freigburg, and others are favoring camera bag suppliers in Germany. According to data revealed by the European Commission (EC), there are nearly 240 universities offering photography courses in Germany, while 90% of students enroll in public universities. This explains why camera bag manufacturers are eyeing Germany in order to raise their profit margins.
Will China Remain at the Forefront of the Global Camera Bag Industry?
China is the epicenter of Asia Pacific’s market for camera bags, and is expected to exhibit hegemony throughout the forecast period. Incorporation of advanced technologies by manufacturers and increase in photography activities are spurring market growth in China.
According to data revealed by the Government of China, photography in China dates back to the early 19th century, and the industry is becoming more advanced gradually. Proliferation of photography institutes such as Tsinghua University, Central Academy of Fine Arts Beijing, and others has also gained prominence in recent years. This, in turn, is aiding the growth of camera bag manufacturers in China.
Why are Camera Bag Manufacturers Eyeing India?
India has emerged as a highly potential market for camera bags, and is anticipated to remain in the spotlight for leading industry players. Highly developed manufacturing hubs, abundance of raw materials, and increasing demand from photographers are catalyzing growth in India.
As per data revealed by Invest India, IBEF, and other governmental organizations, the photography industry is India grew by above 15% during 2015 to 2020, and is set to expand further over the coming years. As per the data, India stock photography sales value grew from around US$ 85 million in 2015 to US$ 105 million in 2020. No doubt that camera bag suppliers are eyeing India in order to excel in this field.
Which Type of Camera Bag is Highly Preferred?
Presently, shoulder bags are leading the global industry, and are anticipated to remain dominant owing to various factors, such as-
- Ease of carrying
- Better protection
- Suitable for diverse end users, starting from photography students to professionals
Other key segments aiding market growth are backpacks, sling bags, cases, and others.
Which Material has High Demand for Camera Bag Manufacturing?
Currently, polyester is the dominant segment in terms of material, owing to its several advantages, such as-
- Provides with easily printable surface
- Comes with wide variety
Other key material segments propelling market growth are leather, cotton, nylon, and others.
With the competition getting stricter, players in the camera bag space are focusing on diversifying their products in order to target more end users.
- Benro USA launched its new range of Benro Ranger Pro 400N Camera Bag, Benro Smart200 DSLR Backpack, and others, a couple of years back.
- Peak Design recently launched its new range of Peak Design Sling Camera Bags, Peak Camera Backpacks, and others.
Some of the key players supplying camera bags are-
- Artantik LTD
- Benro USA
- Case Logic Group
- Crumpler Pty Ltd
- Gura Gear, LLC
- Lap Shun Manufacturing Co Ltd.
- M Billingham & Co Limited
- The Tiffen Company, LLC
- Think Tank Photo, Inc.
- The Vitec Group Plc
- Peak Design
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Historical Data Available for
USD Million for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Customization & Pricing
Market Segmentation by Category
- Shoulder Camera Bags
- Backpack Camera Bags
- Sling Camera Bags
- Camera Cases
- Polyester Camera Bags
- Leather Camera Bags
- Cotton Camera Bags
- Nylon Camera Bags
- Low-priced Camera Bags
- Medium-priced Camera Bags
- High-priced Camera Bags
- Camera Bags for Professional Photographers
- Camera Bags for Non-professional Photographers
- e-Commerce Websites
- Company Websites
- Specialty Stores
- Hypermarkets & Supermarkets
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
Key Questions Answered in Report
Which are the top companies providing camera bags?
Some of the top companies manufacturing camera bags are Peak Design, Wandard, and PGYTECH.
Which are some of the lucrative markets for camera bags?
The United States, China, Germany, India, Japan, Canada, France, South Korea, the United Kingdom, and a few others are lucrative markets for camera bags, and are expected to dominate throughout the forecast period.
Which material accounts for high sales of camera bags?
Presently, the polyester segment is the most lucrative in terms of material, and is expected to remain dominant over the forecast period of 2021 to 2031.
Which camera bag type witnesses high demand?
Presently, shoulder bags and backpacks have high demand, and are predicted to sustain this leading position throughout the forecast period.
Enquiry Before Buying
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Camera Bag Market - Scope of Report
A recent study by Fact.MR on the camera bag market offers a 10-year forecast from 2021 to 2031. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with camera bags. The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period.
A detailed assessment of the value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies manufacturing camera bags, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales of camera bags across regions.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fact.MR’s research study assesses the global camera bag market in terms of type, material, price category, end use, distribution channel, and region. This report presents extensive market dynamics and trends associated with different segments of the market, and their influence on the growth prospects of the market.
Key Questions Answered in Report
- Which are the most lucrative markets for camera bags?
- Which factors will impact demand for camera bags?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the camera bag market?
- What are the winning strategies of stakeholders in the camera bag landscape?
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the market during the forecast period.
Country-specific valuation on demand for camera bags has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the camera bag market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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