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In the U.S. market for used camera lenses, younger consumers, particularly millennials and Gen Z, are increasingly influencing demand. These demographics prioritize affordability and environmental responsibility, often choosing second-hand products to reduce costs and promote sustainability. Additionally, a diverse range of age groups, including content creators, photographers, and videographers, are contributing to the expanding market for used lenses.
Additionally, spherical lens cameras represent a significant innovation in photography, offering a 360-degree field of view for a more immersive experience. The technology behind these cameras is evolving, with a focus on enhancing image quality. Manufacturers are developing spherical lenses with higher resolution and improved optical performance, aiming to produce sharper and more detailed images.
As a result, with the rising demand for spherical lens cameras, emerging trends underscore the technology's promising future.
The U.S. market for used camera lenses was valued at approximately USD 743.8 million in 2023 and is expected to reach around USD 1.2 billion by 2032, driven by a CAGR of over 5.6% from 2024 to 2032.
The U.S. used camera lenses industry from telephoto used camera lenses segment generated approximately USD 162.8 million in revenue in 2023 and is estimated to grow at a CAGR of around 6% from 2024 to 2032.
The U.S. used camera lenses market from c-mount used camera lenses segment held around 23% of the total market share in 2023 and is anticipated to grow at a CAGR of 6.1% during the forecast period.
Major players in the industry include Adorama, B&H Photo, Campkins Cameras, Canon, eBay, FUJIFILM Corporation, and Harrison Cameras.