Market Definition
Camping equipment is gathering steam among populations participating in outdoor recreational activities. A dizzying array of camping equipment includes camping furniture, backpacks, tents, cooking systems and cookware, protective gear, and accessories. Products in the camping equipment market have increased safety and meet the functional needs of different camping activities. Further, outdoor gear and accessories have become a key part of camping essentials. New avenues in the camping equipment market stem from the unceasing focus of manufacturers on unveiling equipment that combines safety and comfort.
Market Outlook
The global camping equipment market was valued at US$ 22.0 billion in 2021 and it is anticipated to grow up to US$ 46.7 billion by 2031, at a CAGR of 7.4% during the forecast period.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The rise in outdoor activities is a key trend bolstering the demand for camping equipment. The participation has spurred the growing number of clubs and organizations promoting such activities. Further, in developing economies, youths and families in urban regions are taking time off their hectic work schedules and trekking activities. Camping has been gaining popularity due to stress release factors and as an activity that promotes physical & mental health. Rising disposable income, increasing stress levels, rising pollution levels in urban areas, increasing awareness of camping benefits, and increasing trend of hiking and camping among young people are major factors driving the camping equipment market. Additionally, the market’s growth positively impacts the growing preference for recreational vehicles. Moreover, consumers are increasingly giving more attention to the safety factor, thereby fueling the expansion of the market. Thus, the rise in outdoor activities boosts the growth of the camping equipment market.
Camping is mostly expensive owing to the specialized gear. Tents, sleeping bags, outdoor cooking gear, and outdoor clothing can all have high up-front costs that cost hundreds to even thousands of dollars. Once the user has the gear, camping is relatively cheap–just food, travel, and reservation costs. The cost of camping is almost directly proportional (related) to how cold the weather is. Colder weather requires better gear to handle the cold weather. Perhaps the biggest indicator of how expensive camping will be for a user is how creative the user is willing to be in their gear. Hence, the high camping costs might act as a restraining factor for the camping equipment market.
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Major Players
The key players studied in the global camping equipment market are AMG Group Ltd. (Scotland), Big Agnes, Inc. (US), Dometic Group AB (Sweden), Exxel Outdoors, LLC (US), Hilleberg the Tentmaker, Inc. (US), Johnson Outdoors Inc. (US), Newell Brands (US), Oase Outdoors ApS (Denmark), Simex Outdoor International GmbH (Germany), and VF Corporation (US).
Market Segmentation
The report analyses the global camping equipment market based on type, application, and region.
Global Camping Equipment Market by Type
Based on type, it is segmented into camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories. The camping backpacks segment is expected to be the largest segment in the camping equipment market in 2021. The rising demand for sporting activities among the younger population, particularly millennials, drives camping backpacks. Increasing inclination toward a fitness regime, short recreational activities, and healthy lifestyles have added prominence to outdoor sports events, positively affecting the demand for camping backpacks. Due to these factors mentioned above, the camping backpacks segment is expected to hold a major market share in 2021.
Global Camping Equipment Market by Application
Based on application, it is bifurcated into personal and commercial. The personal segment is expected to be the largest segment in the camping equipment market in 2021. The rising solo travelers is boosting the demand of personal segment. For instance, according to the article published by Hindustan Times, in January 2020, Google searches for “solo travel” between 2016 and 2019 saw a 131% increase, showing that this form of holidaying has huge appeal globally. Thus, the personal segment will likely hold a major market share in 2021.
Geographical Analysis of Global Camping Equipment Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America was the largest market for camping equipment because an increasing number of consumers seeking places for outdoor recreation to connect to nature and practice healthy exercise has derived the largest market for hiking gear and equipment in this region. The rising construction of hiking trails in the US is generating many hikers in the region, thereby progressing the demand for such products. This, in turn, boosts the demand for camping equipment in the North American region.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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