The North America Camera Accessories Market would witness market growth of 10.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Camera Accessories Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,070.8 million by 2031. The Canada market is experiencing a CAGR of 12.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.7% during (2024 - 2031).
The proliferation of digital cameras, particularly DSLRs and mirrorless systems, has been a significant driver of the market. As the capabilities of these cameras have expanded, accessories that can complement and enhance their performance are needed. High-resolution sensors, advanced autofocus systems, and improved low-light capabilities have allowed photographers to capture stunning images in various conditions, creating a demand for accessories to further refine these results.
Tripods and stabilization equipment are a crucial segment of the market. As cameras have become more sophisticated, the need for stability in capturing high-quality images has grown. Tripods, monopods, and gimbals provide the necessary support to minimize camera shake and enable precise framing, particularly in low-light situations or when using long exposure times.
According to the Mexican National Institute of Statistics and Geography (INEGI), the number of small and medium-sized enterprises (SMEs) in the arts, entertainment, and recreation sectors, including photography, has steadily risen. This growth is supported by the vibrant wedding and event photography industry, which is a significant part of the cultural fabric in Mexico. The annual number of weddings and quinceañeras (15th birthday celebrations) in Mexico is substantial, driving the need for professional photography services. Hence, the North American market is expected to grow steadily in the coming years.
Free Valuable Insights: The Camera Accessories Market is Predict to reach USD 7.9 Billion by 2031, at a CAGR of 10.6%
Based on Distribution Channel, the market is segmented into Online, and Offline. Based on Type, the market is segmented into Lenses, Bags & Cases, Tripods, Batteries & Chargers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Distribution Channel
By Type
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 