Originally posted by biz-engineer The first thing that comes to mind about why the ILC (new) camera market is getting smaller, is the smartphone villain. But Smartphone is not the only villain in the story, maybe it's also the used camera market growing faster than the new camera market ( BCN , CIPA ).
I search for the revenue of KEH (used cameras) and I found something interesting here:
https://ecommercedb.com/en/store/keh.com
Between 2015 and 2020, the revenue of KEH doubled, and it looks like it continues to grow. So, what's being sold used isn't being sold new.
Nor sure where we can find data aggregates for the used camera market. It would be interesting to compare the total sales of used cameras vs new cameras.
I think this is a sign of a matured market, where few users really need the advantage of the latest generation cameras.
So in general, most users can get a better camera by buying used instead of investing the same amount on a new one.
And it is not difficult to find a couple of years old low mileage cameras for half the price (or less) than they sold for new.
That the used market is growing but not sales on new ones may be a sign of people selling off their cameras they do not use anymore and not getting a new camera.