Camping Equipment Market Poised for Steady Growth at CAGR of 6.7% Through 2029
The global camping equipment market is expected to reach USD 25.55 billion by 2029, growing at a CAGR of 6.7% from 2023. This growth is driven by several factors, including:
- Rising popularity of outdoor activities: Increasing interest in backpacking, hiking, and camping is fueling the demand for specialized equipment.
- Shifting consumer preferences: Consumers are increasingly prioritizing experiences over material possessions, leading to a rise in leisure spending.
- Growing eco-consciousness: There is a growing demand for environmentally friendly camping gear, prompting manufacturers to introduce sustainable options.
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Market Overview:
The camping equipment market encompasses a wide range of products, including backpacks, sleeping bags, tents, cooking systems, and various essential accessories. These products cater to the needs of individuals and families seeking outdoor adventure and recreation.
Report Scope:
This report offers a comprehensive analysis of the global camping equipment market, covering:
- Market size and growth projections for 2023-2029
- Segmentation by product type, type, and distribution channel
- Competitive landscape
- Market trends and growth drivers
Research Methodology:
The report utilizes both primary and secondary data sources, including surveys, interviews, published industry reports, company websites, and trade journals.
Segmentation:
- Product Type: Backpacks, sleeping bags, tents and accessories, camping cookware systems, and others.
- Type: Camping furniture, backpacks, tents, cooking systems and cookware, camping gear and accessories.
- Distribution Channel: Offline stores and online stores.
Regional Insights:
- North America: Holds the largest market share due to established outdoor recreation culture and high disposable income.
- Europe: Shows strong growth potential driven by a strong tourism industry and growing awareness of health benefits of outdoor activities.
- Asia Pacific: Offers the fastest growth rate due to rising disposable income, increasing urbanization, and growing interest in outdoor activities.
Key Takeaways:
- The camping equipment market is expected to witness steady growth, fueled by the increasing popularity of outdoor activities and shifting consumer preferences.
- North America remains the dominant market, while Asia Pacific is expected to witness the fastest growth.
- Product innovation and focus on sustainability are key trends shaping the market landscape.
Camping Equipment Market Key Players are:
1. MountCraft
2. Macleay Interactive Design Inc.
3. Adventure Gear
4. Pinnacle Tents
5. Trek Kit India
6. SUPAPEG Australia
7. Gipfel Climbing
8. STEPIN ADVENTURE
9. Xinhongwei International Camping Equipment Manufacture Co. Ltd.
10.Outdoor TravelGear
11.Johnson Outdoor Inc.
12.Newbell Brands
13.AMG Group Ltd
14.Exxcel Outdoor LLC
15.Mont-bell Co. Ltd.
16.Nemo Equipment Inc.
17.Oase Outdoor ApS.
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