Camping Equipment Market: Current Analysis and Forecast (2021-2027)

Camping Equipment Market: Current Analysis and Forecast (2021-2027)

Camping Equipment Market is anticipated display a CAGR of around 7% over the forecast period (2021-2027). Rise in outdoor activities is a key factor supporting the demand for camping equipment. The participation has been spurred the growing number of clubs and organizations who promote such activities. Consumers are also creating a new, vast demand avenue when they want to replace their aging equipment with new ones. According to the National Caravan Council (NCC), the U.K. camping industry ‘is at the forefront of U.K. Tourism. The majority of businesses in the industry are SMEs or micro-enterprises, usually independently owned and managed as a family concern. It has also been witnessed that individuals are now focusing on outdoor activities such as camping that require minimal travel, are more cost-effective and promote physical health, thus creating demand for advance camping products as the changing needs of campers.

Overall camping industry is expected to witness strong and long-term demand, primarily due to the increase in annual camping households coupled with their higher frequency to camp, especially in developed countries like the U.S., Canada, the U.K., among others. In addition, current shifts in the employment landscape due to COVID-19, many consumers are now working from home and, with the absence of daily commutes, have more free time for recreation. Thus, they are more willing to spend their additional disposable income on outdoor recreation and related products.

Insights Presented in the Report

“Amongst Product, Tents segment held significant market share in 2020”

Based on product, the market is categorized into tents, sleeping bags, furniture, cooking systems and kitchenware, and camping gear and accessories. With the increase in number of people going for camping for the first time, it is expected to generate tremendous demand essential camping products such as tents. Further, this segment is also sub-segmented into tunnel tent, dome tent, geodesic tent, and others. Among these, dome tent segment grabbed a considerable market share of the camping equipment market in 2020. With the growing demand, the major players are focusing on developing dome tents to fulfill the dynamic needs of the consumers. Some of the features include compact design, lightweight, and eco-friendly materials.

“Amongst Distribution Channel, Online category to witness fastest growth rate”

Based on distribution channel, the market is bifurcated into hospitals and clinics, drug store and retail pharmacies, and online pharmacies. Among these, online category is expected to witness robust growth during the forecast period, mainly due to rising internet penetration globally. Furthermore, dramatic rise in e-commerce amid movement restrictions induced by COVID-19 increased online retail sales' share of total retail sales. In addition, the convenience of e-commerce, combined with this change in consumer behavior, reflects a stronger demand for online shopping post-pandemic. Thus, online distribution channel is expected to witness strongest growth in global camping equipment market, during 2021–2027..

“North America will Dominate the Market During the Forecast Period”

For a better understanding of the market adoption of Camping equipment, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific), and Rest of World. In 2020, North American region held the highest market share in the global camping equipment market. Some of the major players operating in the market Johnson Outdoor Inc., Nemo Equipment Inc., Newell Brands, Big Agnes Inc., Oase Outdoors ApS, AMG Group, Exxel Outdoors, mont-bell Co. Ltd. Nordisk Company AS, and ADL-Tent Ltd..

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry