A Brief Overview of the Camera Straps Industry

Posted by Nicky Arora on November 7th, 2019

The Global Camera Straps Market size is expected to reach USD 329.8 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% over the forecast period. Rising scope for photography in various sectors such as entertainment and media, tours and travel, wedding, and sports is expected to promote the scope for straps. Furthermore, growing demand for the premium camera at the global level as a result of new product launches by camera manufacturers including Canon and Nikon is expected to promote the utility of straps for providing fall protection over the next few years.

The commercial segment was the largest application segment with a revenue of USD 148.8 million in 2018. Professionals prefer to use high quality straps for comfortable photoshoots. Increased deployment of professional photographers for wedding, party, and birthday is expected to play a crucial role in promoting the use of camera straps. Additionally, increasing number of free-lance photographers at the global level is expected to expand the scope for various accessories including straps over the next few years.

Online channel is expected to be the fastest growing segment with a CAGR of 4.7% from 2019 to 2025. These channels are providing huge discounts, cash on delivery options, and doorstep delivery services. Amazon and Flipkart are some of the e-commerce portals that offer a wide range of products to the consumers. Moreover, some online retailers are providing membership plans for ensuring the long term engagement with the customers.

Know More @ https://www.grandviewresearch.com/industry-analysis/camera-straps-market   

Asia Pacific is the fastest growing region, expanding at a CAGR of 5.1% from 2019 to 2025. Growing disposable income of the middle class population in India and China is expected to drive the consumers to spend on camera and accessories during tour and travels. Shifting trend towards pre-wedding and post-wedding photoshoots among millennials’ in countries including China and India is expected to expand the utility of camera straps over the next few years.

Some of the key players operating in camera straps market are SAMSUNG, Fujifilm Holdings Corporation, BlackRapid, gordy's camera straps, Tethys, Altura Photo, BESTTRENDY, Clo's General Leather Co., Movo Photo, and OP/TECH USA. Major companies are focusing on product innovation and development to cater to the dynamic requirements of the buyers. The industry participants are providing leather, nylon, and fabric straps, which are comfortable and provide strong grips to the consumers.