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Secondhand Camera Lens Market Trends

Report ID: GMI12066
Published Date: Oct 2024
Report Format: PDF

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Secondhand Camera Lens Market Trends

The increasing popularity of high-end photography and videography, particularly among content creators, professionals, and hobbyists, is boosting the demand for affordable, high-quality used lenses. Technological advancements, especially in camera sensors and adapters, have enabled older lenses to work with newer camera bodies. This development has significantly extended the lifespan and usefulness of used camera lenses, making them attractive even in a rapidly changing tech landscape.

Additionally, with a growing emphasis on environmental consciousness, consumers are increasingly turning to second-hand products. Opting for used lenses not only reducing waste but also promote sustainable practices and bolsters the circular economy. Furthermore, the trend of renting lenses prior to making a purchase is on the upswing. Photographers, keen on evaluating lenses in genuine settings, are driving a surge in second-hand sales post a favourable rental experience.

Authors: Ankit Gupta, Sunita Singh

Frequently Asked Questions (FAQ) :

The global secondhand camera lens industry was valued at USD 2.5 billion in 2023 and is estimated to grow at a 5.8% CAGR from 2024 to 2032, driven by the demand for affordable equipment among amateur photographers and students.

The telephoto secondhand camera lens segment recorded USD 0.7 billion in 2023 and is expected to grow at a 6.1% CAGR from 2024 to 2032 due to their ability to bring distant subjects closer, appealing to photographers.

U.S. holds around 82% of the North American secondhand camera lens industry, driven by affordability, a growing interest in photography, advancements in online marketplaces, and the enduring value of lens investments.

Key players in the industry include Adorama, B&H Photo, Campkins Cameras, Canon, eBay, FUJIFILM Corporation, Harrison Cameras, KEH, Kerrisdale Cameras, MPB, National Camera Exchange, and Nikon.