Kenneth Research, in its repository of market research reports, have recently added a report on Global Camping Equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Camping Equipment Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Camping Equipment Market is valued at approximately USD 13.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.68 % over the forecast period 2020-2027. Outdoor walking tours, day trips, sporting outings, picnicking, and other outdoor events require camping and hiking facilities. Camping and hiking gear comes in a variety of materials, sizes, shapes, temperature ratings, and other characteristics. Changing socio-economic conditions, such as average monthly household income, have risen over time. Also, end-users are expected to react positively to new innovations such as titanium cookware and ultra-light wicking fabrics launched by camping and hiking equipment companies.
In addition, the growing popularity of outdoor leisure activities is a major factor driving the market’s growth prospects, especially in regions such as Europe, North America, and Asia-Pacific countries such as Australia and New Zealand. Consumers are encouraged to participate in outdoor leisure activities through factors such as changing lifestyles and behaviours, trends, the recreational spending, and the physical and mental benefits of such sports. In camping events, approximately 21%, 18%, and 17% of campers were aged 6-12 years and 13-17 years, respectively. Young adult participants (18-24 years old) accounted for about 14% of all participants (as per the data published by Outdoor Foundation). Moreover, according to Outdoor Foundation records, in the United States, camping tents are purchased or replaced once every three years on average, sleeping bags once every 2.9 years, and camping chairs once every 2.7 years. However, intense competition for camping and hiking equipment from the manufacturers, may impede market growth over the forecast period of 2022-2031.
The regional analysis of the global Camping Equipment Market is considered for the key regions such as North America, Asia Pacific, Latin America, Europe, and Rest of the World. North America is the leading region across the world in terms of market share due to the existence of key industry players and comparatively faster adoption of camping and hiking equipment. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2031, due to growing participation in outdoor recreational activities across APAC.
Major market player included in this report are:
Johnson Outdoors Inc.
Nemo Equipment Inc.
Oase Outdoors ApS
Big Agnes Inc.
Montbell Co. Ltd
Nordisk Company A/S
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Product Type:
Cooking Systems and Cookware
Camping Gear and Accessories
By Distribution Channel:
Online Retail Channel
Offline Retail Channel
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031
Target Audience of the Global Camping Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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