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

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The Camera Bag Market was valued at more than USD 3 billion in 2020 and is expected to grow at a CAGR of around 3% from 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.

Vanguard World, LLC; M Billingham Holdings Limited; Benro USA; Tamrac; GuraGear; Nomatic; Think Tank Photo; PGYTECH; Peak Design; WANDRD Gear are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

 “Amongst type, the shoulder bag category is expected to witness considerable CAGR during the forecast period”

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.

“Amongst material, the polyester category is expected to witness considerable CAGR during the forecast period”

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.

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 “Amongst end user, the professional photographers category is expected to witness considerable CAGR during the forecast period”

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.

 “North America to witness significant growth 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.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for the Global Camera Bag Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global camera bag market were the three major steps undertaken to create and analyze the adoption of camera bag in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global camera bag market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the camera bag market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the camera bag market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the type, material and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

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Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the increase in the number of camera users and increase in polarity of photography etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the camera bag market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global camera bag market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the camera bag market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global camera bag market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global camera bag market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, material and end user in the global camera bag market.

The main objective of the Global Camera Bag Market Study

The current & future market trends of the global camera bag market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the camera bag market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, material and end user.
• Define and analysis of the regulatory framework for the camera bag market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the camera bag market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
• Company profiles of the camera bag market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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