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Camping Equipment Market Expected to Reach $$51.8 billion Globally, by 2032 at 8.6% CAGR--Allied Market Research

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Allied Market Research

23 Apr, 2024, 14:01 GMT

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The camping equipment market is driven by Rise in active camper households in North America, Growth in inclination of millennial and Gen X toward camping, Increase in number of recreational activities enthusiasts globally and Rise in camping as a social activity. Moreover, the rapid advancement in the camping equipment industry has led to change in dynamics and made it easier for both customers and organizers to organize the market smoothly.

WILMINGTON, Del., April 23, 2024 /PRNewswire/ -- Allied Market Research published a report, titled " Camping Equipment Market by Type  camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear & accessories), application (personal and commercial), distribution channel (business to business, supermarkets and hypermarkets, specialty sporting stores, online retailers and others),: Global Opportunity Analysis and Industry Forecast, 2023–2032  ". According to the report, the camping equipment market was valued at $23.3 billion   in 2022 and is estimated to reach $51.8 billion by 2032, exhibiting a CAGR of 8.6% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A16935

Camping equipment refers to the various tools, gear, and supplies specifically designed and utilized for outdoor camping activities. These items are essential for creating a comfortable and functional camping experience, enabling individuals or groups to set up temporary shelters, prepare meals, and address various needs while spending time in nature. Camping equipment encompasses a wide range of items, including tents, sleeping bags, cooking utensils, portable stoves, lanterns or flashlights, backpacks, camping chairs, sleeping pads, and other accessories tailored to the demands of outdoor living. The selection of camping equipment is influenced by factors such as the type of camping which includes backpacking, car camping, the season, and individual preferences, with an emphasis on providing convenience, safety, and enjoyment during the camping adventure.

Prime determinants of growth

The growth of the camping equipment industry is majorly driven by many factors. The increased emphasis on sustainability and eco-friendly products, with consumers increasingly seeking camping gear that minimizes environmental impact. Moreover, the lightweight and compact gear have gained popularity, particularly among backpackers, as innovations in materials and design offer functionality without added weight. The integration of smart technology into camping gear, such as solar-powered tents and portable power stations, is on the rise, enhancing convenience and connectivity during outdoor adventures. In addition, the emergence of "glamping" has led to a demand for high-end, luxurious camping equipment, including stylish tents and premium bedding. The shift towards online sales channels, a focus on health and wellness features in camping gear, and the trend of customization to meet individual preferences are also notable factors shaping the market. Furthermore, the ongoing innovations in materials, incorporating lighter yet durable fabrics and eco-friendly options, continue to influence the design and production of camping equipment.

Report coverage & details:

Report Coverage   

Details   

Forecast Period   

2023–2032  

Base Year   

2022

Market Size in 2022  

$23.3 billion  

Market Size in 2032  

$51.8 billion

CAGR   

8.6 %

No. of Pages in Report   

290

Segments covered   

type, application, distribution channel, and region.

Drivers    

Rise in active camper households in North America

Growth in inclination of millennial and Gen X toward camping

Increase in number of recreational activities enthusiasts globally

Increase in number of recreational activities enthusiasts globally

Opportunities   

Growth in Product Innovation

Rapid growth of online retail platform

Restraints   

Increase in number of recreational activities enthusiasts globally

Availability of counterfeit products

Economic uncertainty

Procure Complete Report (290 Pages PDF with Insights, Charts, Tables, and Figures):  https://tinyurl.com/2y23yayk

The camping backpacks segment to maintain its leadership status throughout the forecast period

Based on type, the camping backpacks segment held the highest market share in 2022, accounting for more than two-thirds of the camping equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. The increasing interest in outdoor recreational activities that offer ease of transportation is fueling the demand for camping backpacks. These backpacks offer various benefits, including being lightweight, versatile, cost-effective, and featuring excellent pocket organization. The reliability of these attributes is driving the momentum of the camping backpacks market. However, the global apparel, backpacks, and accessories industry is anticipated to experience unpredictable growth in 2020 due to significant disruptions in the supply chain caused by the COVID-19 pandemic. Additionally, the limited demand for camping backpacks across diverse nations, attributed to the added costs and size requirements in various business verticals within those countries, serves as a hindrance to the overall growth of the global camping backpacks market.

The application segment to maintain its leadership status throughout the forecast period

Based on application, the personal segment held the highest market share in 2022, accounting for more than two-fifth of the camping equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. In the Asia-Pacific region, campers tend to favor commercial camping services over individual activities due to low consumer interest and insufficient camping facilities. As per The American Camping Report, there was a notable increase in the commercial segment, rising from 15% in 2019 to 22% in 2020. However, despite this growth, the commercial segment accounted for a lower market share in terms of value in the year 2022.

The business to business segment to maintain its leadership status throughout the forecast period 

Based on distribution channel, the business to business segment held the highest market share in 2022, accounting for more than four-fifth of the camping equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. The camping industry is experiencing growth in emerging regions such as Asia-Pacific and LAMEA, where consumers  lack awareness of camping methods, equipment, and accessories. The travel agencies offer camping trips and organized vacations to tourists. In this scenario, these agencies often procure camping equipment in bulk directly from manufacturers or wholesalers. Consequently, camping equipment manufacturers emphasize a B2B approach to expand their global market presence and scale their market size.

The North America segment to maintain its leadership status throughout the forecast period 

Based on region, the North America segment held the highest market share in 2022, accounting for more than four-fifth of the camping equipment market revenue and is estimated to maintain its leadership status throughout the forecast period. Camping engagement has consistently risen among millennials and Generation Z, surpassing that of the general population. Moreover, camping have witnessed an increase among the older demographic in 2020. The camper demographic is becoming more diverse, representing various age groups and communities. In 2020, non-white groups constituted 60% of first-time campers. Interestingly, 79% of those who initiated camping in a tent in 2020 continued to prefer tent camping, while only 31% of those who started in a cabin or glamping accommodation continued with that preference. This trend indicates a growing interest in camping across the general population, contributing to increased demand for camping equipment in the region.

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/A16935

Leading Market Players: -

  • AMG-GROUP
  • BIG AGNES, INC.
  • DOMETIC GROUP AB
  • EXXEL OUTDOORS, LLC
  • HILLEBERG THE TENTMAKER AB
  • JOHNSON OUTDOORS INC.
  • NEWELL BRANDS INC.
  • OASE OUTDOORS APS
  • SIMEX OUTDOOR INTERNATIONAL GMBH
  • VF CORPORATION

The report provides a detailed analysis of the key players of the global Camping Equipment Market. These players are employing various strategies including launching new products, entering collaborations, expanding operations, forming joint ventures, and signing agreements, all aimed at boosting their market share and securing their competitive position across different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Consumer Goods Industry:

  • Adventure Tourism Market Opportunity Analysis and Industry Forecast, 2023-2032
  • Luxury Travel Market Opportunity Analysis and Industry Forecast, 2023-2032
  • Sexual Wellness Market Opportunity Analysis and Industry Forecast, 2023-2032
  • Wellness Tourism Market Opportunity Analysis and Industry Forecast, 2021-2030
  • Business Travel Lodging Market Opportunity Analysis and Industry Forecast, 2023-2032
  • Online Travel Market Opportunity Analysis and Industry Forecast, 2022-2031

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
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