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Gorillapod Market to Reach $240.6 Million, Globally, by 2032 at 7.8% CAGR: Allied Market Research

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The global gorillapod market growth is attributed to the rise in the developments of smartphone photography and increased focus on social media influencer marketing.

PORTLAND, Ore, Sept. 12, 2023 /PRNewswire/ —  Allied Market Research published a report, titled,GorillaPod Market by Product Type (Original GorillaPod, Focus GorillaPod, SLR Model, Others), By Application (Residential, Commercial), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global gorillapod industry generated $115.0 million in 2022 and is anticipated to generate $240.6 million by 2032, witnessing a CAGR of 7.8% from 2023 to 2032.

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Gorillapod is a brand of flexible camera tripods manufactured by Joby. The Gorillapod tripod stands out from traditional tripods due to its unique design, featuring flexible legs made up of several interconnected ball-and-socket joints. These flexible legs allow the Gorillapod to be wrapped around various objects, such as tree branches, poles, or uneven surfaces, providing stability and support for cameras or other devices.



Prime Determinants of Growth:

The global gorillapod market growth is attributed to the rise in the developments of smartphone photography and increased focus on social media influencer marketing. On the other hand, the increase in competition may limit the market growth to some extent. Furthermore, the rise in demand for vlogging and content creation, and advancement in technology will create lucrative opportunities during the forecast period.

Report Coverage & Details:

Report Coverage

Details

Forecast Period 

2023–2032 

Base Year 

2022

Market Size in 2021 

$115.0 Million 

Market Size in 2031 

$240.6 Million 

CAGR 

7.8 %

No. of Pages in Report 

299

Segments Covered 

Product Type, Application, Distribution Channel, and Region 

Drivers 

Developments in Rise of Smartphone Photography

Increased Focus on Social Media Influencer Marketing

Opportunities 

Rise in Demand for Vlogging and Content Creation

Advancements in Technology

Restraints 

Rise in Competition

 

The original gorillapod segment to maintain its leadership status throughout the forecast period-

Based on product type, the original gorillapod segment held the highest market share in 2022, accounting for more than two-fifths of the global gorillapod market revenue and is estimated to maintain its leadership status throughout the forecast period. This is due to the unique and innovative design that sets it apart from traditional tripods, offering users a creative and flexible shooting experience. However, the SLR model segment is projected to manifest the highest CAGR of 8.4% from 2023 to 2032. The demand for the SLR Model GorillaPod is driven by the popularity of SLR cameras and the need for a reliable and portable tripod solution that can support the weight and specific requirements of SLR camera systems.

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The commercial segment to maintain its lead position throughout the forecast period-

Based on application, the commercial segment held the highest market share in 2022, accounting for more than two-thirds of the global gorillapod market revenue and is expected to maintain its lead position throughout the forecast period. The surge in the importance of content marketing and social media platforms has fueled the demand for gorillaPods in commercial applications. However, the residential segment is projected to manifest the highest CAGR of 8.3% from 2023 to 2032. The increase in popularity of social media platforms and content creation has fueled the demand for tools that can help individuals produce high-quality visuals. 

The offline segment to rule the roost by 2032

Based on distribution channel, the offline segment held the highest market share in 2022, contributing to more the two-thirds of the global gorillapod market revenue, and is projected to rule the roost by 2032. Specialized photography stores, such as camera shops and professional equipment retailers, continue to be important offline channels for gorillaPods. However, the online segment is projected to manifest the highest CAGR of 8.4% from 2023 to 2032. Online shopping offers convenience, allowing customers to browse and purchase gorillaPods from the comfort of their homes. The 24/7 availability of online stores allows buyers to make purchases at their preferred time, without the limitations of physical store hours.

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in 2022, holding around two-fifth of the global gorillapod market revenue, and is expected to maintain its dominance by 2032. The Asia-Pacific region has witnessed substantial economic growth, leading to an increase in disposable income and the expansion of the middle-class population. The demand for high-quality camera accessories like GorillaPods has increased as more people have the means to pursue hobbies like photography and content creation. On the other hand, the LAMEA region is expected to witness the fastest CAGR of 8.4% from 2023 to 2032. Social media platforms play a crucial role in shaping consumer behavior in the LAMEA region. The influence of social media influencers and content creators is on the rise, driving the popularity of GorillaPods as an essential accessory for capturing high-quality photos and videos.

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Leading Market Players: –

  • DIGITEK
  • PHOTRON LIMITED
  • VIDENDUM PLC
  • YANTRALAY
  • TYGOT
  • ADOFYS
  • FOTOPRO
  • HAMA GMBH AND CO KG
  • ANDOER INC.

The report provides a detailed analysis of these key players in the global gorillapod market. These players have adopted different strategies such as collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Country Reports We Have in this Industry:

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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