Report says UK households are sitting on $23 billion value of unused digital camera gear

MPB, the world’s largest retailer of used images gear lately took a survey on unused tech in folks’s houses. I imply, it is smart, they’re a used good retailer, so that they need to know the way a lot potential stock is on the market. Regardless of having a presence in each the USA and the UK, MPB’s survey solely covers the UK, however their analysis states that 53% of adults within the UK have a digital camera they don’t use.

In keeping with their survey, 83% of UK adults have at the least one piece of unused tech of their house and nearly two-thirds of adults have by no means bought their previous tech after they now not want it. When it comes particularly to digital camera gear, the typical worth of unused package is £293.50 (~$360). Extrapolated out to the inhabitants as an entire, that equates to a whopping £19 billion or round $23 billion.

After I sit and take into consideration the photographers I do know, a lot of them are sitting on a couple of grand’s value of drugs they don’t use usually – or haven’t used for a number of years. I’ve to confess, I’m responsible of this one, too. Northern Eire, although, has probably the most unused cameras per individual than some other UK area, with 66% having a number of unused cameras with 12% having at the least three cameras doing nothing.

Virtually half of the respondents consider that they wouldn’t get sufficient cash for his or her used units to justify promoting them, so that they haven’t. 78% mentioned that they haven’t bought any of their undesirable units within the final ten years. Gen Z and Millennials are reportedly the largest hoarders of tech, although. 53% say they’ve at the least 10 unused devices of their house, with 22% of them stating that they haven’t bought their unused tech as a result of it holds “sentimental worth”.

I don’t find out about you, however I’d say I’m most likely “above common” on the subject of the worth and amount of unused tech I personal – and particularly digital camera gear. My downside is, they usually actually do find yourself being helpful once more sooner or later. I retired a Nikon D300, a D300s and two D7000 our bodies in 2016 and 2017. They sat on a shelf gathering mud till 2020 when all 4 of them got here again out of retirement for capturing timelapse. In spite of everything, their stills resolutions are all larger than 4K and I didn’t have to purchase something new, so why not? Nonetheless, I most likely may stand to lose some package, I suppose.

Whereas MPB’s survey was restricted to the UK, if this similar development extrapolates out all over the world, that’s a lot of tech sitting there doing nothing that might probably be not solely put to good use by someone however make you just a little cash within the course of. I believe I’m undoubtedly going to have to start out sorting via all my package to see what I can do away with. How a lot digital camera gear is sitting in your own home losing away?

Take a look at the remainder of MPB’s analysis right here.

[via MPB]

Leave a Comment