Port Washington, NY (PRWEB) October 31, 2016
In the 12 months ending September 2016, premium point-and-shoot cameras and instant print cameras are two of the categories that have experienced growing dollar sales, as camera makers focus on offering unique products targeted to specific customer needs and interests. According to global information company The NPD Group, sales of premium point-and-shoot cameras (priced above $1,000) have grown 24 percent over the last 12 months (ending September 2016), led by Sony, Fujifilm and Leica. Separately, the resurgence of a retro trend – instant print cameras – has led to an increase of 148 percent in sales during that same period.
The holiday season (October – December) is a sales driver for the camera category; for the last three years sales have been consistently highest during the fourth quarter of the year. The 2015 holiday season saw substantial sales growth for instant print cameras when compared to the year prior, resulting in U.S. dollar sales that were three times higher than the 2014 holiday season.
“With new product introductions by camera industry leaders, we can expect camera enthusiasts will continue to drive premium point-and-shoot sales this holiday season,” said Ben Arnold executive director, industry analyst for The NPD Group. “On the other hand, instant print camera sales, which carry a much lower price tag, are being driven not by the enthusiast – but by the technology’s ability to capitalize on the social nature of photography, allowing users to instantly share photos as soon as they are taken.”
Instant print cameras are a strong example of how new form factors and social use cases find success in the digital imaging market. Unit sales of instant print cameras grew 166 percent in the 12 months ending September 2016. During that same time period, instant film sales doubled, as more than 3.5 million units were sold. Fujifilm is leading the market in instant print camera sales, followed by Polaroid.
About The NPD Group, Inc.
The NPD Group provides market information and business solutions that drive better decision-making and better results. The world’s leading brands rely on us to help them get the right products in the right places for the right people. Practice areas include apparel, appliances, automotive, beauty, consumer electronics, diamonds, e-commerce, entertainment, fashion accessories, food consumption, foodservice, footwear, home, mobile, office supplies, retail, sports, technology, toys, video games, and watches / jewelry. For more information, visit npd.com and npdgroupblog.com. Follow us on Twitter: @npdgroup and @npdtech.