In 2017, it reached a US$ 3,404.88 Mn. By the end of 2025, the global sales volume of cinema lenses is expected to increase to 1,421.3 K Units from 988.24 K Units touched in 2017.
As per the findings of the report, fluctuations in the gross margin could be on the cards. The price gap between different brands is anticipated to narrow down in future. The gradual decline in product prices could be ensued from the growing fierceness of the market competition. Besides price, the global cinema lenses market is influenced by product performance.
Global Cinema Lenses Market: Drivers and Restraints
In comparison with camera lenses, cinema lenses have not seen significant market growth in the recent years with the development of mobile phones. The analysts who have authored the report predict the global cinema lenses market to exhibit a reduced growth rate in the coming years.
High-priced cinema lenses are not only sold but also rented. However, the rental business is not considered in the report. Another reason for the decline in the market growth rate is the slower update of cinema lenses than that of electronic products.
Nonetheless, the growth of the filmmaking industry is expected to promise growth to the global cinema lenses market. High demand for continuous motion recording and high-quality lenses in the cinema and video production industry could set the tone for valuable growth of the market. The rise of the VFX and animation industry is also predicted to create opportunities in the market.
Global Cinema Lenses Market: Forecast by Product and End User
The product classification of the global cinema lenses market includes three segments, viz. high-end, medium, and entry-class.
By end user, the global cinema lenses market is segmented into professional and amateur users.
Global Cinema Lenses Market: Forecast by Region
By geography, the global cinema lenses market is classified into Taiwan, South Korea, Japan, China, the EU, and the U.S. Among these, Japan and the EU witness the presence of important product markets. They also witness the distribution of giant players operating in the market.
Global Cinema Lenses Market: Competitive Analysis
In 2017, Sony secured a 22.08% share of the global cinema lenses market in terms of production volume. Canon and Zeiss collected shares of 18.78% and 18.42% respectively. Some of the other top players profiled in the report are Leica, TOKINA, and Fujinon.
Leading manufacturers are analyzed to hold a strong market status that is unlikely to decline at least throughout the forecast period. Their achievement of higher shares of the global cinema lenses market could be attributed to their outstanding after-sales and technical services, abundant variety of products, and better performance.
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