Camera Backpack Market to Reach US$ 498.8 Mn by 2031, as per a TMR Study

Rise in number of photography professionals extensively using digital photography tools and kits drives market growth


Wilmington, Delaware, United States, , Jan. 27, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - According to a recent market research report by TMR, the global Camera Backpack Market is anticipated to rise from US$ 384.4 Mn in 2021 and reach US$ 498.8 Mn by 2031. It also projects that the global market will grow at a CAGR of 2.8% during 2022-2031. Major trends positively influencing the development of this market include rapid expansion of the global e-commerce sector, the surge in the number of professional photographers in developed and developing economies, and a rise in demand for innovative camera backpacks that feature extra padding, as well as extra carrying and weight-bearing capacity.

Camera Backpack Market: Growth Opportunities

  • People increasingly adopting digital photography as a hobby fuels the camera backpack market
  • Manufacturers' focus on developing advanced, easy-to-carry camera backpacks drives industry growth
  • The surge in R&D investments by multinational companies drives market development

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Camera Backpack Market: Key Findings of Report

  • A surge in Demand for Camera Backpacks among Travelers: The camera backpack market is witnessing a surge in demand among travelers. With the rise in popularity of travel blogging and social media influencer culture, more and more people are taking their photography skills to the next level. This has led to an increase in the purchase of high-end camera equipment, including semi-professional and professional DSLR cameras, to capture the perfect shot during travels. Additionally, camera backpacks have become increasingly popular among travelers as they provide a convenient and secure way to carry camera equipment while on the go.
  • Rise in Demand for Semi-professional and Professional DSLR Cameras: Another trend driving the camera backpack market is the rise in demand for semi-professional and professional DSLR cameras among photographers to pursue a hobby or to meet the demands of their profession. As the quality of smartphone cameras improves, more and more people are taking up photography as a hobby. This has led to a surge in the number of people purchasing high-end camera equipment, to capture more advanced and high-quality images. Additionally, photography professionals using extensive digital photography tools and kits is also driving the global industry.

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Camera Backpack Market: Key Players

Leading companies assessed in the market research report include:

  • Think Tank Photo,
  • Case Logic,
  • M Billingham & Co. Limited,
  • Gitzo,
  • WANDRD Gear,
  • Benro,
  • Gura Gear,
  • Sachtler, and Lowepro.

These players are investing heavily in R&D activities, in a bid to design and develop new and innovative products. Other notable strategies employed by these players for market expansion include M&A and product portfolio expansion.

Camera Backpack Market: Regional Growth Assessment

  • North America is expected to lead the global camera backpack market in the next few years. The region is witnessing a surge in demand for digital cameras from its young population, as well as an increase in the number of aspiring and established professional photographers. North America’s young population is also increasingly adopting travel and travel photography as a hobby or profession, which is driving the demand for camera backpacks.
  • On the other hand, Asia Pacific is expected to experience a rapid CAGR during the forecast period. This is due to the presence of several well-established manufacturers in the region and an increase in disposable income among consumers. Additionally, technological advancements in the region are also likely to impact the growth of the market. Leading manufacturers of the region are investing in the development of new and advanced camera backpacks, which is expected to drive the market. An increase in purchasing power in Asia Pacific also allows consumers to afford high-end camera backpacks that is likely to fuel market growth.

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Camera Backpack Market: Segmentation

Camera Backpack Market, by Type

  • Regular Backpack
  • Trolley Backpack

Camera Backpack Market, by Size

  • Small (up to 12 Liters)
  • Medium (13 to 30 Liters)
  • Large (31 Liters and Above)

Camera Backpack Market, by Material Type

  • Polyester
  • Cotton
  • Leather
  • Nylon
  • Others (Canvas, etc.)

Camera Backpack Market, by Price (US$)

  • Up to $50
  • $51 to $100
  • $101 to $200
  • $201 to $300
  • $301 to $350
  • Above $350

Camera Backpack Market, by Application

  • Photography
  • Drones
  • Videography

Camera Backpack Market, by End-user

  • Professional
  • Non-professional

Camera Backpack Market, by Distribution Channel

  • Online Channels

    • E-commerce Websites
    • Company Owned Websites

  • Offline Channels

    • Supermarkets/ Hypermarkets
    • Specialty Stores
    • Independent Retail Stores

Camera Backpack Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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