Camera Bag Market: Current Analysis and Forecast (2022-2028)

Camera Bag Market: Current Analysis and Forecast (2022-2028)

The camera bag market is expected to register a CAGR of approx. 3% over the period of 2022-2028. A camera bag is a type of bag that is used to carry photographic equipment. Camera bags vary in size, shape, and construction, but all contain padding and compartments to protect the photographer's equipment from damage. Many camera bags also include straps or belts for attaching the bag to the photographer's body, making it easier to carry heavy loads. The growing demand for camera bag can be attributed to the increase in the number of camera users and increase in polarity of photography such as nature photography, wildlife photography, fashion photography and others have become increasingly attractive to investors owing to the technology-driven innovations contributing to market penetration. For instance, Benro USA launched its new range of Benro Ranger Pro 400N Camera Bag, Benro Smart200 DSLR Backpack, and others a couple of years back. Furthermore, the Camera Bag market is anticipated to grow on account of the increasing purchasing power which is influencing end users to opt for consumer electronics products such as camera and their overall accessories. However, some of the restraints in the market including the restrictions on usage of leathers due to campaigns and initiatives taken by Animal Rights Organisation and it is being a time consuming process cycle are impeding the growth of this market all over the world.

• Based on the type, the camera bag market is segmented into shoulder bag, backpacks, cases and others. The shoulder bag segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe due to various factors such as ease of carrying, better protection, and suitable for diverse end users, starting from photography students to professionals.
• Based on the material, the market is fragmented into polyester, leather, nylon, and others. The polyester segment grabbed a considerable market share and it is expected to grow at a significant CAGR during the forecast period due to various factors such as cost effective, light weight, provides an easy printable surface, and it comes with a wide variety.
• Based on the end user, the market is fragmented into professional photographers and non-professional photographers. The professional photographers segment grabbed a considerable market share and it is expected to grow at a significant CAGR during the forecast period.
• For a better understanding of the market adoption of the camera bag, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the camera bag industry owing to growing interest of the people in photography as a response to increasing purchasing power is influencing consumers to opt for consumer electronic products and their overall accessories.
• Some of the major players operating in market are Vanguard World, LLC; M Billingham Holdings Limited; Benro USA; Tamrac; GuraGear; Nomatic; Think Tank Photo; PGYTECH; Peak Design; WANDRD Gear among others. Several M&A’s along with partnerships have been undertaken by these players.