Sony has managed to recapture its top market shares for mirrorless single-lens camera sales in Japan, after choosing to resume taking orders for popular camera products. Beating out the likes of Canon, Panasonic, Nikon and Fujifilm, the brand has returned to the top ranks for the first time in nine months, since last October.
Just a few days following the BCN Retail market share report victory (see graph below), Sony Japan has also announced a price increase on many of its best Sony camera (opens in new tab)s and best Sony lenses (opens in new tab), expected to take affect from the September 1 2022.
After finally resuming orders for some of its most popular products, such as the Sony A6 series (opens in new tab) cameras, that had been put on hold due to a global parts supply shortage (opens in new tab), Sony has successfully reclaimed its place at the top of the market shares in Japan for mirrorless single-lens camera sales.
It was confirmed in the official BCN Retail (opens in new tab) ranking report, which accumulates sales information gathered from mass consumer electronics retailers as well as camera specialty stores and nationwide online outlets to obtain its results, that Sony 's market recovery is without a doubt due to the recent resumption of its order acceptance, and improved product supply chain in the fulfillment of orders.
In addition, Sony Japan has also recently announced (as first reported (opens in new tab) by SonyAlphaRumors) that it will be raising the price on many of its products beginning from September 1 2022, elaborating that the cost of raw materials, manufacturing, and distribution has "soared", causing the company to revise its prices with an average price revision rate expected at an 8% increase.
The translated statement from Sony Japan (opens in new tab) reads:
"From September 1, 2022, Sony Marketing Inc. will revise the manufacturer's shipping prices for some products sold in Japan. Due to the impact of the recent external environment, the cost of raw materials, manufacturing, and distribution has soared, so we will revise the shipping price as follows. At the same time, we will revise the suggested retail price for products that have set the manufacturer's suggested retail price."(opens in new tab)
The worldwide chip shortage and parts supply issues have spelled disaster for not only Sony, but nearly every major camera and technology manufacturer, with Canon delaying products by 6 months (opens in new tab), and Nikon discontinuing its 2-year-old cameras (opens in new tab) altogether! The ongoing chip shortage is still one of the many obstacles in the way that is preventing consumers from being able to get their hands on one of the highly sought-after Sony Playstation 5 Consoles.
This confirmation from BCN's market share report emphasizes just how crucial the product supply shortage has been on the camera manufacturing industry, and the enormous impact it has had on Sony in particular. The company's market share ranking has miraculously reached the top spot once again as a direct result of the chain of supply and demand eventually stabilizing.
Sony's market share in this area was recorded at 41.8% in September last year, and then proceeded to drop sharply to a mere 15.0% in May 2022. Sony was then surprisingly overtaken by OM Digital Solutions (Olympus), as Sony's market share then fell to a somber third place ranking overall.(opens in new tab)
The popular Sony ZV-E10 (opens in new tab) mirrorless camera for Vloggers had its orders suspended late last year, around November/December time, despite being a big hit with filmmakers entering the digital camera market. Sony finally resumed accepting and processing orders for this Vlog Cam on 24 June 2022.
When looking at BCN Rankings' sales share by product breakdown (graph above), it's abundantly clear how popular the Sony ZV-E10, or VLOGCAM as it is listed, has become in comparison with the likes of the Canon EOS M50 Mark II (opens in new tab) (EOS Kiss M2 in Japan), and the Olympus Pen E-PL10 (opens in new tab), as well as other Sony entries such as the Sony A6400 (opens in new tab)and the extremely popular among professionals: Sony A7 IV (opens in new tab).
When the Sony ZV-E10 was first released around September 2021, the market share for this camera was the top ranking at 19.8%. However, after production couldn't keep up and resulted in sluggish sales, this soon fell to 0.3%, almost zero, in May 2022. Thankfully, when the resumption of orders commenced in July, the stats for this vlogging camera made a swift recovery at 13.1%, contributing greatly to Sony's recapture of the top market shares.
You may also be interested in our guide to the best Sony lenses (opens in new tab), or perhaps more specifically the best lenses for Sony A6000 cameras (opens in new tab). Be sure to grab yourself a steal and check out the best Sony A7 III deals in August (opens in new tab) as well as our suggestions for the best full frame mirrorless cameras (opens in new tab).