The North America Camera Accessories Market would witness market growth of 10.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Camera Accessories Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.07 billion by 2031. The Canada market is experiencing a CAGR of 12.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.7% during (2024 - 2031).
The proliferation of digital cameras, particularly DSLRs and mirrorless systems, has been a significant driver of the market. As the capabilities of these cameras have expanded, accessories that can complement and enhance their performance are needed. High-resolution sensors, advanced autofocus systems, and improved low-light capabilities have allowed photographers to capture stunning images in various conditions, creating a demand for accessories to further refine these results.
Tripods and stabilization equipment are a crucial segment of the market. As cameras have become more sophisticated, the need for stability in capturing high-quality images has grown. Tripods, monopods, and gimbals provide the necessary support to minimize camera shake and enable precise framing, particularly in low-light situations or when using long exposure times.
According to the Mexican National Institute of Statistics and Geography (INEGI), the number of small and medium-sized enterprises (SMEs) in the arts, entertainment, and recreation sectors, including photography, has steadily risen. This growth is supported by the vibrant wedding and event photography industry, which is a significant part of the cultural fabric in Mexico. The annual number of weddings and quinceañeras (15th birthday celebrations) in Mexico is substantial, driving the need for professional photography services. Hence, the North American market is expected to grow steadily in the coming years.
Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Type, the market is segmented into Lenses, Bags & Cases, Tripods, Batteries & Chargers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Camera Accessories Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.07 billion by 2031. The Canada market is experiencing a CAGR of 12.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.7% during (2024 - 2031).
The proliferation of digital cameras, particularly DSLRs and mirrorless systems, has been a significant driver of the market. As the capabilities of these cameras have expanded, accessories that can complement and enhance their performance are needed. High-resolution sensors, advanced autofocus systems, and improved low-light capabilities have allowed photographers to capture stunning images in various conditions, creating a demand for accessories to further refine these results.
Tripods and stabilization equipment are a crucial segment of the market. As cameras have become more sophisticated, the need for stability in capturing high-quality images has grown. Tripods, monopods, and gimbals provide the necessary support to minimize camera shake and enable precise framing, particularly in low-light situations or when using long exposure times.
According to the Mexican National Institute of Statistics and Geography (INEGI), the number of small and medium-sized enterprises (SMEs) in the arts, entertainment, and recreation sectors, including photography, has steadily risen. This growth is supported by the vibrant wedding and event photography industry, which is a significant part of the cultural fabric in Mexico. The annual number of weddings and quinceañeras (15th birthday celebrations) in Mexico is substantial, driving the need for professional photography services. Hence, the North American market is expected to grow steadily in the coming years.
Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Type, the market is segmented into Lenses, Bags & Cases, Tripods, Batteries & Chargers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Panavision Inc.
- Panasonic Holdings Corporation
- Carl Zeiss AG
- Sigma Corporation
- Ricoh Company, Ltd.
- Nikon Corporation
- Tamron Co., Ltd.
- Sony Corporation
- Canon, Inc.
- Fujifilm Holdings Corporation
Market Report Segmentation
By Distribution Channel- Online
- Offline
- Lenses
- Bags & Cases
- Tripods
- Batteries & Chargers
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Camera Accessories Market by Distribution Channel
Chapter 6. North America Camera Accessories Market by Type
Chapter 7. North America Camera Accessories Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Panavision Inc.
- Panasonic Holdings Corporation
- Carl Zeiss AG
- Sigma Corporation
- Ricoh Company, Ltd.
- Nikon Corporation
- Tamron Co., Ltd.
- Sony Corporation
- Canon, Inc.
- Fujifilm Holdings Corporation
Methodology
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