Camping Equipment Market: Current Analysis and Forecast (2021-2027)
Emphasis on Product (Tents {Tunnel Tent, Dome Tent, Geodesic Tent, Others}, Sleeping Bags, Furniture {Chairs & Stools, Tables, Cots & Hammocks, Others}, Cooking Systems & Kitchenware, Camping Gear & Accessories); Distribution Channel (Offline, Online); Regions and Country
Camping Equipment Market is anticipated display a CAGR of around 7% over the forecast period (2021-2027). Rise in outdoor activities is a key factor supporting the demand for camping equipment. The participation has been spurred the growing number of clubs and organizations who promote such activities. Consumers are also creating a new, vast demand avenue when they want to replace their aging equipment with new ones. According to the National Caravan Council (NCC), the U.K. camping industry ‘is at the forefront of U.K. Tourism. The majority of businesses in the industry are SMEs or micro-enterprises, usually independently owned and managed as a family concern. It has also been witnessed that individuals are now focusing on outdoor activities such as camping that require minimal travel, are more cost-effective and promote physical health, thus creating demand for advance camping products as the changing needs of campers.
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.
Insights Presented in the Report
“Amongst Product, Tents segment held significant market share in 2020”
Based on product, the market is categorized into tents, sleeping bags, furniture, cooking systems and kitchenware, and camping gear and accessories. With the increase in number of people going for camping for the first time, it is expected to generate tremendous demand essential camping products such as tents. Further, this segment is also sub-segmented into tunnel tent, dome tent, geodesic tent, and others. Among these, dome tent segment grabbed a considerable market share of the camping equipment market in 2020. With the growing demand, the major players are focusing on developing dome tents to fulfill the dynamic needs of the consumers. Some of the features include compact design, lightweight, and eco-friendly materials.
“Amongst Distribution Channel, Online category to witness fastest growth rate”
Based on distribution channel, the market is bifurcated into hospitals and clinics, drug store and retail pharmacies, and online pharmacies. Among these, online category is expected to witness robust growth during the forecast period, mainly due to rising internet penetration globally. Furthermore, dramatic rise in e-commerce amid movement restrictions induced by COVID-19 increased online retail sales’ share of total retail sales. In addition, the convenience of e-commerce, combined with this change in consumer behavior, reflects a stronger demand for online shopping post-pandemic. Thus, online distribution channel is expected to witness strongest growth in global camping equipment market, during 2021–2027..
“North America will Dominate the Market During the Forecast Period”
For a better understanding of the market adoption of Camping equipment, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific), and Rest of World. In 2020, North American region held the highest market share in the global camping equipment market. Some of the major players operating in the market Johnson Outdoor Inc., Nemo Equipment Inc., Newell Brands, Big Agnes Inc., Oase Outdoors ApS, AMG Group, Exxel Outdoors, mont-bell Co. Ltd. Nordisk Company AS, and ADL-Tent Ltd..
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
The Camping Equipment Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Analyzing the historical market, estimation of the current market, and forecasting the future of the Camping Equipment Market were the three major steps undertaken to create and analyze the demand and sales of Camping Equipment across major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted, with industry experts across the value chain of the industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below.
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Camping Equipment through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Camping Equipment, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are product and distribution channel. Further regional level analyses were conducted to evaluate the overall demand of Camping Equipment in global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing vehicle ownership and technological advancement in the healthcare sector etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and sub segments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the demand of Camping Equipment across the major regions globally
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Camping Equipment Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Camping Equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, distribution channel, and regions.
The main objective of the Camping Equipment Market Study
The current & future market trends of the Camping Equipment Market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Camping Equipment in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments of the industry
- Segments in the study include product, distribution channel, and regions
- Defined analysis of the regulatory framework for the Camping Equipment industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors pertaining to the industry
- Analyze the current and forecast market size of the Camping Equipment across the globe. Major regions analyzed in the report include 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. Define and analyze the competitive landscape of the Camping Equipment sector and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
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November 7, 2024
