Global Camera Tripods Market size is projected to be valued at USD 407.2 Million by 2027 at a CAGR of 2.94% between 2020 and 2027. There are various camera tripods available in the market that help photographers take clear and sharp pictures as there is no "camera-shake" from unsteady hands. A camera tripod is convenient and generally provides better results over photos captured without the use of a tripod. The identity of a good camera tripod is determined by its lightweight and simultaneously the ability to withstand minimal vibrations. Purchasing a good camera tripod is also dependent upon the maximum height, folded height, and minimum height the tripod reaches, as this could affect the quality of the picture taken. Photographers also use camera tripods to hold the camera, set the timer, and aim at the correct subject to be part of the same photograph. However, an increasing number of imitation products and high product cost is expected to hinder the market growth during the forecast period. Moreover, due to the outbreak of COVID-19, restricted access to public gathering places and outdoor tourism activities have lowered the sales of camera tripods across the world.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of camera tripods are inclined towards non-store-based distribution channels for the extensive sales of their products. Moreover, the impact of COVID-19 has led to the implementation of lockdown in major countries and resulted in the forced closure of retail stores. Companies are opting for online distribution platforms as they want to extend their consumer reach considering the present situation. Also, consumers have the ease of choosing the right product from an extensive list of similar products along with detailed descriptions and product images captured from different angles for reference.
Key Players
The Vitec Group plc (Italy)
Really Right Stuff (US)
Induro Gear (US)
Feisol Inc. (US)
Gradus Group LLC (US)
3 Legged Thing LTD (UK)
in (India)
Vanguard World, LLC (US)
SLIK Corporation (Japan)
Zomei (China)
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