Global EditionASIA 中文雙語(yǔ)Fran?ais
    Business
    Home / Business / Industries

    Snap, share, sell: influencer economy revives camera market in China

    Xinhua | Updated: 2024-10-10 13:23
    Share
    Share - WeChat

    SHANGHAI - At a bustling camera store in Shanghai, young shoppers crowded around the shelves, eager to get their hands on the latest models.

    "My favorite influencer uses this camera to film," said 26-year-old Li Yun while trying out a mirrorless model. "But it's hard to get one. You have to enter a lottery and hope you're lucky enough."

    Across China, demand for cameras is reviving. Once sidelined by smartphones, cameras are back in style, fueled by the rise of social media, live-streaming and short videos.

    From January to August 2024, China accounted for 23.3 percent of global camera shipments, ranking as the second-largest market after the Americas, according to the Camera & Imaging Products Association (CIPA).

    The surge in demand is driven by the country's rapidly developing influencer economy, where likes and shares on social media platforms translate into sales.

    New trends fuel demand

    New economic models and changing consumer habits are transforming cameras from mere technical tools into fashionable items that many use to shoot photos and videos for social media platforms.

    Huang Jing, an influencer with more than 500,000 followers on the Chinese lifestyle-sharing platform Xiaohongshu, emphasized the impact of quality cameras on her content. "Using a camera to make vlogs is key for showcasing details of my makeup looks. The clearer the image, the more vibrant my content becomes," said Huang.

    Xiaohongshu now boasts over 80 million community sharers, with an impressive 90 percent of its content being user-generated, according to the platform's 2024 trend report.

    Moreover, as the tourism industry continues to recover, new "Instagrammable" attractions are emerging across the country, attracting large crowds to capture their memorable experiences.

    "In this context, the demand for photographic equipment is steadily increasing," said Wu Feiran of the Shenzhen Soft Science Development Foundation.

    The growing demand is also driving the action-camera market, with analysts expecting the global market for such cameras to reach 20.1 billion yuan ($2.8 billion) by 2028, with a compound annual growth rate of 6.1 percent.

    Chinese brands like DJI and Insta360 are stepping up to meet this demand, making significant success both domestically and internationally.

    Global brands eye China

    Global camera giants like Sony, Canon and Nikon, which now have over 80 percent of the global camera market share, are intensifying their efforts to tap China's booming market.

    "We see tremendous opportunities in emerging sectors like live-streaming e-commerce and the influencer-driven economy, where China leads the way," said Takehito Soeda, vice president of Sony (China).

    Soeda noted that the younger generations no longer view photography as a niche skill but as a form of emotional expression, thus reviving the camera market.

    Hideki Ozawa, president and CEO of Canon (China), highlighted that in 2023, digital camera sales in China surged by 25 percent, positioning it as the fastest-growing market among major regions.

    "This trend will continue, with a faster growth rate of 35 percent expected in 2024 within China," Ozawa predicted. In response to local demand, Canon is enhancing its product offerings and collaborating with major Chinese e-commerce platforms.

    Similarly, Sony is adjusting its strategies by participating in events like Bilibili World 2024, a popular convention for digital content and creators in China. At this event, Sony showcased its latest products and interacted directly with consumers through live demonstrations.

    Embracing the new economy

    The influencer economy is essential for optimizing supply chains and meeting evolving consumer needs, according to Lan Jianping, deputy director of Zhejiang Development & Planning Institute.

    "This shift is crucial for improving efficiency in today's fast-paced market," Lan said.

    To further enhance the global competitiveness of new economic models, China's Ministry of Commerce issued the "Three-Year Action Plan for Digital Commerce (2024-2026)" this year.

    This initiative aims to empower economic and social development while contributing to the establishment of a new development pattern. The new industries, new business formats and new business models, dubbed the "three new" economy, demonstrate vibrant growth potential.

    In this evolving landscape, the camera industry is well-positioned for growth. "We believe that every moment recorded tells a story, and in this era, everyone can be a storyteller," said Soeda of Sony (China).

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲一区二区三区无码中文字幕| 中文无码伦av中文字幕| 特级做A爰片毛片免费看无码 | 成人无码AV一区二区| 亚洲欧美日韩中文播放| 一级毛片中出无码| 日本精品久久久久中文字幕| 无码精品A∨在线观看中文| 精品人妻无码专区中文字幕| 熟妇人妻无乱码中文字幕真矢织江| av无码一区二区三区| 自拍中文精品无码| 国产精品无码久久综合| 久久久久亚洲?V成人无码| 亚洲精品中文字幕乱码三区| 欧美精品丝袜久久久中文字幕| 免费a级毛片无码免费视频| 日韩人妻无码一区二区三区久久| 91久久精品无码一区二区毛片 | 久久午夜夜伦鲁鲁片免费无码影视 | 色情无码WWW视频无码区小黄鸭| 中文无码vs无码人妻| 日韩一区二区三区无码影院| 成人午夜亚洲精品无码网站 | 亚洲美日韩Av中文字幕无码久久久妻妇| 久久无码国产| 狠狠精品久久久无码中文字幕| 无码精品国产一区二区三区免费| 国产啪亚洲国产精品无码| 中文精品99久久国产 | 亚洲AV永久无码天堂影院| 免费无遮挡无码永久视频| 精品久久无码中文字幕| 久久亚洲春色中文字幕久久久| 日韩一本之道一区中文字幕| 熟妇人妻中文av无码| 日韩AV无码中文无码不卡电影| 日韩精品久久无码中文字幕| 亚洲欧美日韩、中文字幕不卡| 精品人妻中文字幕有码在线| 中文字幕14页影音先锋|