Lewes, DE -- (SBWire) -- 02/26/2016 --Report forecast the photography equipment market in the US to grow at a CAGR of 4.43% during the period 2016-2020.
The photography equipment market in the US is driven by many factors. They include the technological advancement that leads to product innovation and increasing replacement demand for point-and-shoot cameras. For instance, some of the newly launched innovative digital cameras are Nikon KeyMission 360 and Canon ME20F-SH. The Nikon KeyMission 360 has full 360° views; is 4K ultra HD-enabled with Bluetooth, Wi-Fi, and NFC; and is waterproof and shockproof.
The report covers the present scenario and the growth prospects of the photography equipment market in the US for 2016-2020. To calculate the market size, the report considers revenue generated from the business-to-consumer (B2C) and business-to-business (B2B) retail sales of photography equipment.
The market is divided into the following segments based on product category:
- Cameras
- Other photography equipment
According to the report, the cameras segment is the major contributor to the photography equipment market in the US. More than 60% of the market's revenue comes from this product segment. Therefore, the market is highly affected by the demand for this product. The cameras market, particularly the digital cameras market in the US, has reached the maturity phase.
Further, the report states that the major challenge faced by the leading players in the market is a rapid increase in smartphone adoption in the US.
Photography Equipment Market in the US 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 Photography Equipment Market in the US: Canon, Fujifilm, Nikon, Panasonic and Sony.
Other Prominent Vendors in the market are: Argus Camera, Bolex International, Bron Elektronik, Casio Computer, Cosina, IMAX, Eastman Kodak, Olympus, Ricoh, Schneider Optics and Samsung
Market driver
- Increasing replacement demand for compact cameras
- For a full, detailed list, view our report
Market challenge
- Surge in smartphone adoption
- For a full, detailed list, view our report
Market trend
- Increasing demand for MILCs
- 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 61 pages and 20 Exhibit "Photography Equipment Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Country Profile: US, Market segmentation by product category, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/photography-equipment-market-us-2016-2020
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