Product Code: ETC041770 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Photography Equipment market currently, in 2023, has witnessed an HHI of 3315, Which has increased slightly as compared to the HHI of 1471 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines photography equipment market is expected to grow at a CAGR of 3.9% during the forecast period (2025-2031). The country has witnessed an increased demand for cameras and other photographic instruments, owing to the rise in amateur photographers, influencers, travel bloggers and vloggers. Moreover, growing interest among youth towards capturing moments of their lives through pictures have further driven the growth of this market in the country. Furthermore, increasing number of online stores which provide digital cameras with various features are expected to drive the market growth over the coming years
Rising trend among fashion lovers and lifestyle enthusiast who prefer self-clicking images instead attending photoshoots have positively impacted on sales volume contributing towards overall revenue generation from photographic equipments across Philippines. Further, steep increase in activities related to adventure sports such as diving or biking has also fueled demand for water proof camera cases as well as protective lens accessories which provide more clarity even under dim lighted conditions.
High cost associated with professional grade lenses restrain potential buyers from making large investments into buying these pieces resulting into slow but steady decline within Philippine Photography Equipment Market ??? Poor after sale services offered by major players present within industry is also one primary reason behind slowdown witnessed by sector during past few quarters
Some prominent players operating within Philippines Photography Equipment Market are Canon Inc., Nikon Corporation, Sony Corporation , Casio Electronics Co Ltd., Panasonic Corporation amongst others
With lockdowns imposed all across nation due its outbreak situation most retail outlets selling consumer electronics including that key photographic equipments were shut down till mid 2025 causing severe disruption throughout year hampering overall revenue generated by vendors present within marketplace
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Photography Equipment Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Photography Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Photography Equipment Market - Industry Life Cycle |
3.4 Philippines Photography Equipment Market - Porter's Five Forces |
3.5 Philippines Photography Equipment Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Photography Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Photography Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Photography Equipment Market Trends |
6 Philippines Photography Equipment Market, By Types |
6.1 Philippines Photography Equipment Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Photography Equipment Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Philippines Photography Equipment Market Revenues & Volume, By Camera, 2021-2031F |
6.1.4 Philippines Photography Equipment Market Revenues & Volume, By Lens, 2021-2031F |
6.1.5 Philippines Photography Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Photography Equipment Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Photography Equipment Market Revenues & Volume, By Online Retail, 2021-2031F |
6.2.3 Philippines Photography Equipment Market Revenues & Volume, By Offline Retail, 2021-2031F |
7 Philippines Photography Equipment Market Import-Export Trade Statistics |
7.1 Philippines Photography Equipment Market Export to Major Countries |
7.2 Philippines Photography Equipment Market Imports from Major Countries |
8 Philippines Photography Equipment Market Key Performance Indicators |
9 Philippines Photography Equipment Market - Opportunity Assessment |
9.1 Philippines Photography Equipment Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Photography Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Photography Equipment Market - Competitive Landscape |
10.1 Philippines Photography Equipment Market Revenue Share, By Companies, 2024 |
10.2 Philippines Photography Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |