Lewes, DE -- (SBWire) -- 01/09/2017 --Report forecast the global selfie stick market to grow at a CAGR of 26.05% during the period 2016-2020.
A selfie stick refers to a monopod individuals use to take their photographs by positioning a smartphone or camera extending beyond the normal range of their arms. Selfie sticks are usually extendable metal sticks. They have a handle at one end and an adjustable clamp to hold a phone at the other end. Different types of selfie sticks available in the market include wired, Bluetooth, and remote-triggered.
The report covers the present scenario and the growth prospects of the global selfie stick market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of different types of selfie sticks across the world.
The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW
According to the report, one of the primary drivers in the market is declining prices of selfie sticks. The prices of selfie stick have gone down drastically since their launch in 2013. In 2013, selfie sticks were available at $30, depending on their functionality, warranty, the material used, and connectivity options. In 2016, the price reduced to $5 in the US and around $3 in the South Asian countries due to high proliferation of Chinese manufacturers in the global selfie stick market. The huge rise in the number of manufacturers helped reduce the price of selfie sticks and also impacted the quality and shelf life of these devices adversely. However, the low shelf life of selfie sticks is not a huge concern for the end-users as the quality of the picture depends on the quality of the camera and not the stick.
Further, the report states that one major challenge in the market is widespread ban on selfie sticks. The ban on selfie sticks is now a global phenomenon. Sports arenas, museums, famous landmarks, music festivals, and theme parks across the world have started banning selfie sticks owing to security concerns. The authorities of Arsenal F.C. in the UK decided to ban selfie sticks because they can be used as a weapon. Similarly, in 2015, selfie sticks were banned by Rome's Colosseum over fears that the famous landmark could get damaged by them. New York Metropolitan Museum of Art banned selfie sticks on account of visitor safety and art protection. The following exhibit shows some of the well-known places that have banned the use of selfie sticks.
Global Selfie Stick Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global selfie stick market: Anker, Fotopro, KobraTech, Kootek, Looq Robotics, Momax, Mpow, fromm works, Satechi, Selfie on A Stick, Selfie Stick Gear, and Xiaomi.
Market driver
- Increasing tourism and business travels.
- For a full, detailed list, view our report
Market challenge
- Interoperability between different brands and operating systems.
- For a full, detailed list, view our report
Market trend
- Advances in selfie stick technology.
- For a full, detailed list, view our report
Key questions answered in this report
- 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?
Spanning over 76 pages and 72 Exhibits "Global Selfie Stick Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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