Camping Equipment Market Analysis and Forecast to 2031: By Type (Camping Furniture, Camping Backpacks, Tents, Cooking Systems and Cookware, Camping Gear and Accessories), Application (Personal, Commercial), and Region
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.
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 Drivers and Trends
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.
Market Restraints and Challenges
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.
Global Camping Equipment Market Segmental Overview
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.
Major Players in the Global Camping Equipment Market COVID-19 Impact
In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of camping equipment worldwide. Thus, the COVID-19 pandemic negatively affected the global camping equipment market in 2020. However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of camping equipment.
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