Video Shooting Equipment Kit Market Size, Share, Analysis, Trends, Growth, 2032

Video Shooting Equipment Kit Industry Prospective:

The global video shooting equipment kit market size was worth around USD 128.8 billion in 2023 and is predicted to grow to around USD 175.2 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.60% between 2024 and 2032.

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Video Shooting Equipment Kit Market: Overview

A specialist item in the audiovisual business is a video filming kit. These kits often contain the cameras, lenses, lighting gear, audio recorders, tripods, and other necessary tools to produce films with excellent quality. Filmmakers, content creators, and videographers can be confident they have everything they need to generate high-quality videos with the aid of these easy-to-use, integrated video shooting equipment sets. The market for video shooting equipment kits is being driven by several variables including the rise of online content creation, growth of the entertainment industry, technological advancements, increased accessibility & affordability, popularity of live streaming, the emergence of 4k & 8k video, and the growing e-commerce industry.

Key Insights

• As per the analysis shared by our research analyst, the global video shooting equipment kit market is estimated to grow annually at a CAGR of around 3.60% over the forecast period (2024-2032).
• In terms of revenue, the global video shooting equipment kit market size was valued at around USD 128.8 billion in 2023 and is projected to reach USD 175.2 billion, by 2032.
• Rising product launch is expected to drive the video shooting equipment kit market growth over the forecast period.
• Based on the type, the tripod segment is expected to dominate the market over the forecast period.
• Based on the application, the business segment is expected to capture a significant market share over the projected period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

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Video Shooting Equipment Kit Market: Growth Drivers

The popularity of private videography drives market growth

The rise in private videography is fueling a notable expansion in the market for video filming equipment kits. There is a growing need for adaptable and user-friendly camera systems as more people create personal videos for social media, blogging, events, and other uses. As customers look for professional-grade equipment to improve the quality of their video productions, this trend is driving the market's expansion. The availability of many cameras, their high-tech features & cozy designs, and the growing interest in independent filmmaking have all contributed to the camera sector, which in turn has been fueling the video shooting equipment kit industry expansion.

Video Shooting Equipment Kit Market: Restraints

High initial costs and rapid technology changes hinder market growth

Professional-grade cameras and lenses, in particular, can be costly pieces of equipment for shooting videos. For tiny firms and amateur makers, the required initial expenditure could be too costly. The price tag on purchasers might be further increased by the added expenses of necessary accessories (such as tripods, microphones, and lighting) in addition to cameras and lenses. Furthermore, equipment can quickly become outdated due to the rapid rate of technological changes. Regular updates and new releases force customers to upgrade often to stay up to date, which can be expensive. It could be necessary to make additional purchases or replacements when new technologies are incompatible with the equipment already in place. Thus, all these factors combined will hamper the video shooting equipment kit industry growth in the coming years.

Video Shooting Equipment Kit Market: Opportunities

Growing demand for live streaming and even coverage offers a lucrative opportunity for market growth

The market for video shooting equipment kits is expanding rapidly due to the rising demand for live streaming and event coverage. The need for top-notch video equipment has increased as live streaming and event broadcasting become essential components of many different sectors. Broadcasters, videographers, and content creators are looking for adaptable, portable ways to record interesting, dynamic videos. In response to this trend, the video shooting equipment kits market offers cutting-edge technologies and ergonomic designs. One of the main factors driving the market's growth is the increasing demand for real-time and on-the-go content creation, which reflects the industry's dynamic evolution in response to shifting customer demands.

Video Shooting Equipment Kit Market: Challenges

Environmental concern poses a major challenge to market expansion

There are environmental hazards associated with the production and disposal of electronic equipment. Manufacturers may face difficulties as sustainability and electronic waste management become more widely recognized and regulated. Furthermore, a rising number of customers are prioritizing environmentally friendly products, and businesses may need to make investments in sustainable materials & procedures, which could raise manufacturing costs. Thus, the increasing environmental concerns pose a major challenge to video shooting equipment kit market growth.

Video Shooting Equipment Kit Market: Segmentation

The global video shooting equipment kit industry is segmented based on type, application, and region.

Based on the type, the global video shooting equipment kit market is bifurcated into tripod, video camera, camera light, and others. The tripod segment is expected to dominate the market over the forecast period. The segment expansion is attributed to its characteristics. During video recording, tripods are necessary to guarantee steady shots, minimize camera wobble, and provide fluid panning and tilting movements. Furthermore, they are available in a range of sizes, materials, and configurations to accommodate diverse shooting situations, ranging from lightweight travel tripods to robust studio setups. Tripods are also adaptable equipment for videographers of all skill levels because they work with a variety of cameras, including DSLRs, mirrorless cameras, camcorders, and even smartphones. Furthermore, the rising product launches are expected to drive the segment growth. For instance, in April 2023, Benro launched the most exciting, innovative tripod that combines portability, stability, efficiency, and intelligence, making shooting more efficient and convenient for photographers.

Based on the application, the global video shooting equipment kit industry is bifurcated into business and personal. The business segment is expected to capture a significant market share over the projected period. The growing videography of events like marriage functions, sports, and others drives the segment expansion. Furthermore, constant innovation in this sector is also a significant factor for the segment growth.

Video Shooting Equipment Kit Market: Report Scope

Video Shooting Equipment Kit Market: Regional Analysis

Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to capture the largest video shooting equipment kit market share over the forecast period. The market growth in the region is attributed to the increasing e-commerce industry. Make use of Asia-Pacific's expanding e-commerce ecosystem to expand customer base and increase revenue. Collaborate with top digital platforms and online marketplaces to exhibit products, speed up transactions, and effectively complete orders. For instance, as per the data published by the India Brand Equity Foundation, By 2034, the Indian e-commerce market is predicted to have surpassed the US to take second place in the globe, continuing its upward growth trajectory. By 2030, the Indian e-commerce market is expected to develop significantly, reaching US$ 300 billion.

The main drivers of this incremental growth are probably going to be groceries and fashion/apparel. With a 33% compound annual growth rate, the online grocery market in India is projected to reach US$ 26.93 billion in 2027 from US$ 3.95 billion in FY21. Between 2021 and 2025, e-commerce sales are projected to grow at a compound annual growth rate (CAGR) of 18.2%, reaching Rs. 8.8 lakh crore (US$ 120.1 billion). Besides, the North American Market holds a significant market share over the projected period owing to the growing entertainment industry and the continuous innovation in the product by the key players.

Video Shooting Equipment Kit Market: Competitive Analysis

The global video shooting equipment kit market is dominated by players like:

• Bower
• Panasonic
• Canon
• Sony
• JVC
• Arri
• Blackmagic
• RED
• Phantom
• Kinefinity
• GoPro
• Phase One
• Vexcel
• DIMAC Systems
• Nikon
• Airborne Technical Systems
• IMPERX
• Manfrotto
• Sunpak
• Ubeesize
• JOBY
• Neewer
• DörrGmbH
• Adobe
• Fujifilm
• Godox
• DJI
• Impressions Vanity
• Celestron

The global video shooting equipment kit market is segmented as follows:

By Type

• Tripod
• Video Camera
• Camera Light
• Others

By Application

• Business
• Personal

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa