Camping Equipment Market is expected to foresee significant growth. Asia-Pacific to lead the growth!
- Vikas Kumar
- January 10, 2022
- CONSUMER GOODS, NEWS
- Camping Equipment Market, Camping Equipment Market Growth, Camping Equipment Market news, Camping Equipment Market share, Camping Equipment Market size, Camping Equipment Market Trend
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Camping Equipment Market is expected to grow at a CAGR of around 7% during the forecast period 2021-2027. The market stood at around US$ 13 billion in 2020. Outdoor recreation became increasingly popular as both a fitness and socially distant activity and encompassed running, hiking, cycling, boating, fishing, camping and walking. This has led to increased demand for camping products, with strong likelihood for sustained demand going forward. Therefore, with growing participation of individuals in outdoor recreational activities have resulted in the growth of the camping equipment and supplies demand across the world. In addition, major players in the market are offering equipment with increased the safety factor to meet the ever changing functional needs of different camping activities..
For a detailed analysis of the market drivers browse through https://univdatos.com/report/camping-equipment-market/
Overall camping industry is expected to witness strong and long-term demand, primarily due to the increase in annual camping households coupled with their higher frequency to camp, especially in developed countries like the U.S., Canada, the U.K., among others. In addition, current shifts in the employment landscape due to COVID-19, many consumers are now working from home and, with the absence of daily commutes, have more free time for recreation. Thus, they are more willing to spend their additional disposable income on outdoor recreation and related products.
For a detailed analysis of the Covid-19 Impact on the market browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=14317
Based on the product, the market is bifurcated into tents, sleeping bags, furniture, cooking systems and kitchenware, and camping gear and accessories. Among these, cooking systems and kitchenware is expected to witness fastest growth during the forecast period. This can mainly attributed to launch of new and technological advanced cooking equipment such as stoves and other utensils. For instance, Johnson Outdoors Inc. launched – STASH All-In-One Stove System under its brand Jetboil, in January 2021. It weighs around just 7.1 oz (200 g) and is designed to be as compact and lightweight as possible for thru-hiking and multi-day backpacking.
Based on the distribution channel, the market is bifurcated into offline and online distribution channels. In 2020, the offline distribution channel category held majority share in the market, mainly due to the presence of big specialty stores, sporting goods stores, and other brick and mortar stores offering camping and other outdoor recreational equipment and tools across the world..
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For a better understanding of the market, the report is analyzed based on different regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. In 2020, North American region held the highest market share in the global camping equipment market. This mainly due to the rising popularity of camping among the millennials, as camping is proven to have an impact on reducing stress and contributes to emotional and physical health. Furthermore, as per the North American Camping Report by KOA, Millennials and Gen Xers make up three-quarters of all campers, with Millennials alone accounting for 40%.
Camping Equipment Market Segmentation
Market Insight, by Product
- Tunnel Tent
- Dome Tent
- Geodesic Tent
- Sleeping Bags
- Chairs & Stools
- Cots & Hammocks
- Cooking Systems and Kitchenware
- Camping Gear and Accessories
Market Insight, by Distribution Channel
Market Insight, by Region
- North America Camping Equipment Market
- Rest of North America
- Europe Camping Equipment Market
- Rest of Europe
- Asia-Pacific Camping Equipment Market
- South Korea
- Rest of Asia-Pacific
- Rest of World Camping Equipment Market
Top Company Profiles
- Decathlon S.A.
- Johnson Outdoor Inc.
- Nemo Equipment Inc.
- Newell Brands
- Big Agnes Inc.
- Nordisk Company AS
- AMG Group
- Exxel Outdoors
- mont-bell Co. Ltd
- Oase Outdoors ApS