The report forecasts the global camera accessories market to grow at a CAGR of 3.35% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: The emergence of markets in APAC, Central America, and Central and Eastern Europe is a major driver for the growth of the global camera accessories market. Increased economic growth and consumer spending in countries such as China, India, Indonesia, and South Africa are factors that fuel the growth of the market.
According to the report, technological advances have led to the development of advanced digital cameras such as MILCs and DSLRs with HD picture and video quality. These cameras are compatible with a broad range of lenses with different focal lengths and resolutions. Users buy camera bags and other accessories such as cases and straps to safeguard cameras from physical damage. The growing popularity of wildlife and fashion photography and macro photography has led to a demand for specific lenses.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?