Consumer Products and Retail

The global camera market size reached a staggering USD 32.8 billion in 2023. This impressive figure highlights the enduring popularity of photography and the vast array of cameras catering to diverse needs.  The market is projected to grow at a Compound Annual Growth Rate (CAGR) of approximately 2.4%, reaching an estimated USD 37.2 billion by 2030. Camera Market Camera Market Segmentation: A Spectrum of Choices The camera market segmentation reflects the vast array of camera types available, catering to various needs and budgets: By Camera Type: Digital Camera Market: Despite the rise of smartphones, digital cameras remain popular amongst professional photographers and enthusiasts. This segment can be further divided into: Mirrorless Camera Market: Mirrorless cameras are increasingly popular due to their compact size, high image quality, and advanced features. DSLR Cameras: While facing competition from mirrorless cameras, DSLR cameras (Digital Single-Lens Reflex) still of...

Large appliances, the workhorses of our kitchens and laundry rooms, play a vital role in modern living. From refrigerators and washing machines to ovens and dishwashers, these essential devices keep our homes functioning smoothly. This blog delves into the large appliance market (also known as the major appliance market or major home appliance market ) in 2024, exploring its size, segmentation, key trends, and the future outlook of the large appliance industry . The Engine of Everyday Life: The State of the Large Appliance Sector The large appliance sector is a significant contributor to the global economy, driven by several factors: Rising Demand for Convenience: Consumers increasingly seek appliances that simplify household chores and enhance their living experience. Urbanization and Growing Households: The increasing rate of urbanization and formation of new households globally fuel demand for large appliances. Technological Advancements: Integration of innovative features lik...