Camping Equipment Market register to growth at USD 10.78 billion By 2031 | AMG-Group, Big Agnes, Inc., Dometic Group AB

Camping Gear -AMR

Camping Gear -AMR

The increase in youth population are the main factors driving the growth of the global camping equipment market.

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, UNITED STATES, Oct. 5, 2022 /EINPresswire.com/ — The growing propensity for camping among Millennials and GenX is the primary factor driving the growth of the camping gear market globally . However, transportation and time barriers are hampering market growth. According to a new report published by Allied Market Research, titled Camping Equipment Market, the size of the camping equipment market was estimated at US$22.0 billion in 2021 and is projected to reach US$46.7 billion by 2031. which corresponds to an annual growth rate of 8.1% from 2022 to 2031.

The global camping equipment market size was estimated at US$21.9 billion in 2021 and is projected to reach US$46.7 billion by 2031, growing at a CAGR of 8.1% from 2022-2031. Camping gear is commonly used for convenience when camping. In addition, the camping tent is gaining popularity among campers. Various types of tents are available for their accommodation. Commonly used camping tents are dome tents, tunnel tents and geodesic tents. The growing awareness of health and fitness, the increasing number of campers, the increase in initiatives by tourist boards to promote camping activities, and the increase in youth are the main factors driving the growth of the global camping equipment market.

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Since 2014, RVs (RVs) have been increasing in popularity among campers for the purpose of accommodation during camping. The supply of innovative, cheap, portable, lightweight and sustainable accommodation options such as camping tents has had a negative impact on RV use in recent years. In addition, camping tents are affordable and adventurous compared to RVs, which lures campers to buy innovative tents for camping purposes. Manufacturers focus on meeting the camping equipment market demand from Indian and Chinese campers according to their environmental needs and camping requirements. The Asia-Pacific region is expected to provide opportunities for the large market demand for camping equipment to open up the camping equipment market in the region. However, the increasing interest of campers in novel tents is supporting the global growth of the camping equipment market.

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The counterfeiting of camping equipment, such as B. tents, however, is a key inhibiting factor for the camping equipment industry. On the contrary, the rise in youth population, improvement in lifestyle and rise in disposable income of people in developing countries are likely to offer immense opportunities for market participants. These market players are promoting the camping activities among people via social media and advertising to attract customers in the market. People prefer camping and are willing to purchase necessary camping equipments such as tents, bags, cooking utensils and others, which complements the growth of the C market worldwide.

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E-commerce or online shop is a huge platform that is growing at a tremendous rate around the world. Consumers of all ages, including Generation X, Millennials or Generation Z, enjoy shopping across different e-stores. Online shopping is more convenient compared to physical stores as the increasing number of retailers focus on e-commerce which makes it more convenient for consumers to find something easier online than in physical stores. Therefore, the growing digital world and the increasing percentage of the population tending towards online shopping in the countries are expected to provide a great opportunity for the camping gear market for the manufacturers to sell their existing as well as novel camping gear products through an online platform that also helping to increase consumer awareness of their products and their ready availability to consumers. Therefore, this fact is expected to impel the growth of the camping equipment market over the forecast period.

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The Camping Equipment market is segmented by type, application, distribution channel and region. On the basis of type, the market is categorized into Camping Furniture, Camping Bags, Tents, Cooking Systems & Cooking Clothing, and Camping Gear & Accessories. Based on the application, the market is divided into residential and commercial categories. On the basis of distribution channel, it is fragmented into business-to-business, hypermarkets/supermarkets, specialty stores, online retailers and others. In terms of regions, it is analyzed in North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), and Asia-Pacific (China, India, Japan, Australia). & New Zealand, South Korea, ASEAN and Rest of Asia Pacific) and LAMEA (Brazil, Argentina, South Africa, MENA and Rest of LAMEA).

The key players analyzed in the report are AMG Group, Big Agnes, Inc., Dometic Group AB, Exxel Outdoors, LLC, Hilleberg The Tentmaker AB, Johnson Outdoors, Newell Brands, Oase Outdoors ApS, Simex Outdoor International GmbH and VF Corporation.

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Key Findings of the Study

On the basis of application, the personal segment has the largest market share of camping equipment in 2021 and is expected to remain dominant during the forecast period.
On the basis of type, the Camping Backpacks segment dominated the global market in 2021 and is expected to remain dominant during the forecast period.
On the basis of business-to-business, the personal segment dominated the global market in 2021 and is likely to dominate the forecast period as well
On the basis of region, North America region dominated the global market in 2021 and is expected to remain dominant during the forecast period.

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David Korrea
Allied Analytics LLP
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