The global camping equipment market size is expected to gain momentum owing to the rising recreational activities among populations during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Camping Equipment Market, 2023-2030.” To attract young campers, a variety of campground providers and community suppliers are creating camping programs targeted at various age groups. These shows frequently focus on the experience of camping for older generations, while adventurous sports are shown for young people. Furthermore, as people become more aware of the need for environmental preservation, the demand for environmentally friendly equipment is increasing. As a result, to differentiate and grow their unique products, vendors are providing eco-sustainable equipment. During the projection period, such advances in camping equipment may boost sales.
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List of Key Players Profiled in the Global Market for Camping Equipment:
- MountCraft
- Macleay Interactive Design
- Adventure Gear
- Pinnacle Tents
- Trek Kit India
- SUPAPEG Australia
- Gipfel Climbing
- STEPIN ADVENTURE
- Xinhongwei International Camping Equipment Manufacturer Co.
What does the Report Offer?
This report provides the most complete analysis of the market. The report’s format has been kept simple in order to provide the most commercial value possible. The report includes a complete qualitative and quantitative analysis of current market trends and forecasts for the future, which can be used to assess the present market potential. It gives vital insights into market dynamics, allowing existing market players and those looking to enter the industry to make strategic decisions.
Drivers & Restraints-
High Participation in Outdoor Activities to Stimulate Growth
The increasing demand for recreational activities is expected to boost the global camping equipment market growth during the forecast period. Consumers are encouraged to participate in recreational activities by factors such as changing lifestyles and perspectives, demographics, rising leisure spending, and the physical and emotional benefits of such activities. Outdoor leisure activities can also aid in the maintenance of a healthy work-life balance. Furthermore, according to data from the Outdoor Foundation, people buy or replace camping tents every three years on average, and sleeping bags every 2.9 years. In the United States, camping chairs are only available once every 2.7 years.
REGIONAL INSIGHTS
Increasing Travelling Activities to Promote Growth in Europe
Europe is expected to hold the largest global camping equipment market share during the forecast period. This is due to the large proportion of the European population who like camping and other outdoor activities, leading to a high consumption for camping products in the region.
Asia Pacific is expected to have a sizable share of the market. This is due to rising tourism infrastructural facilities in the region. Furthermore, the growing disposable income of the population results in increased spending on recreational activities in the region. According to the Department of Statistics Singapore, the retail value of recreational products increased by 0.6% during 2018-2019.
Segments-
By product type, the market is segmented into backpacks, sleeping bags, tent and accessories, camping cookware system, and others. On the basis of distribution channels, the market is divided into online and offline. Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Competitive Landscape-
Key Players Focus on Partnership to Strengthen their Market Position
Companies are regionally expanding their manufacturing lines and product portfolios, giving them a competitive advantage over their competitors. Another important driver in innovative products was technological improvement. The camping supplies industry is competitive; thus, the leading competitors are working on product innovation and promotion to broaden their reach.
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