Research Support Specialist, USA
The global camera bag market size is expected to reach USD 1.44 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 2.7% from 2021 to 2028. The growing demand for camera accessories to enhance the accessibility, efficiency, and usability of cameras is the major factor driving the global market. Moreover, the rising popularity of camera bags in emerging economies like China and India due to the increasing number of photographers in these countries is expected to boost the market growth.
Moreover, the lockdown announced due to the COVID-19 pandemic negatively impacted the market for camera bags across the globe. This was due to the suspended or delayed supply of raw materials. The trade of non-essential consumer products, including bags, lenses, and gears, dipped significantly in this pandemic.
The shoulder bags segment is expected to expand at the fastest growth rate of 3.0% from 2021 to 2028. Demand for shoulder bags is increasing as they are easy to carry and suitable for multiple end users ranging from photography students to professional photographers. In addition to this, the growing popularity of bags in emerging economies due to the rising number of photographers is one of the major factors driving the market.
The leather segment is expected to register the fastest growth rate of 2.9% from 2021 to 2028. The rising popularity and adoption of fashionable graphic printed backpacks will lead to the significant growth of the segment over the forecast period. In addition, leather bags are popular among people due to their strength and mildness, which, in turn, will drive the segment.
The non-professional photographers segment is expected to register the fastest CAGR of 2.9% from 2021 to 2028. Increasing demand for comfortable bags from photographers is one of the driving factors for the segment. Moreover, the growing trend of using camera safety products is projected to boost the segment growth in the upcoming years.
The online distribution channel segment is expected to exhibit the fastest CAGR of 2.9% from 2021 to 2028. The growth of the online distribution channel is attributed to the availability of online platforms via e-commerce websites and mobile apps. It has also been observed that various companies, distributors, and retailers are adopting online platforms to sell their products. As a result of this, the online channel is gaining more traction compared to the offline channel.
North America dominated the market with a revenue share of more than 30.0% in 2020. Factors such as increasing per capita and disposable income, growing interest of the people in photography, and technological advancement in the manufacturing sector are expected to contribute to the growth of this market. In addition to this, the increase in the demand for cameras among urban consumers is propelling the growth of the regional market over the last few years.
The report “Camera Bag Market Size, Share & Trends Analysis Report By Product (Backpacks, Shoulder Bags), By Material (Nylon, Leather), By End Use, By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global camera bag market on the basis of product, material, end use, distribution channel, and region:
Camera Bag Product Outlook (Revenue, USD Million, 2017 - 2028)
Camera Bag Material Outlook (Revenue, USD Million, 2017 - 2028)
Camera Bag End-use Outlook (Revenue, USD Million, 2017 - 2028)
Camera Bag Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Camera Bag Regional Outlook (Revenue, USD Million, 2017 - 2028)