The latest market report published by Credence Research, Inc. “Global Camping Equipment Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”. The Camping Equipment market was valued at USS 2,821.0 million in 2019 and expected to grow at a CAGR of 8.75% during the forecast period from 2020 to 2027 to reach USD 4,065.0 million in 2027.
Global Camping Equipment Market, 2015 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/camping-equipment-market
Various equipment’s used in different outdoor activities such as trekking, hiking, or backpacking are called as Camping Equipment’s. An outdoor activity that involves overnight stay in a tentative shelter. Camping activities can be distinguished from day tripping or picnicking or any other recreational activities which does not involved night stay. Camping equipment’s can be described as equipment’s essential for outdoor accommodation. Camping is more popular in western world. However, its is also started rooting in emerging economies of the east.
Key Trends in Global Camping Equipment Market
Strong Demand for Camping Equipment in Europe and North America Industry
Strong demand for camping equipment’s in Europe and North America and especially United States is mainly driving growth of this industry. Historically, camping market is dominated by the North America owing to deep rooted camping culture in the region. Europe and North America are the regions with highest number of people going for camping every year. Changing lifestyle, increasing income and increasing inclination towards recreational activities has been resulted into camping goers in these regions and ultimately driving the demand camping equipment’s.
Impact of COVID 19 on Global Camping Equipment Market
COVID 19 has left an unparalleled impact on growth of global Camping Equipment industry. The global Camping Equipment has witnessed very severe setback like never before. The demand for Camping Equipment is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for Camping Equipment.
Pre and Post COVID 19 Global Camping Equipment Market, 2019 – 2027 (USD Million)
Global Camping Equipment Market by Type Insights
Based on its type, the global Camping Equipment market can be segmented into Backpacks, Tents/shelters, Sleeping/air bags, Furniture, Stove/Fuels, Coolers/chest, Jugs/Containers and Other accessories. The By type, sleeping bags segment dominated the global Camping Equipment market with over 22.5% share in 2019. Sleeping bags are most essential part of any kind of outdoor camping activities. With rising number of people opting for outdoor camping activities year on year, the demand for sleeping bags is growing consistently. Backpacks was the second largest market and was closely followed by cooler/chest segment.
Global Camping Equipment Market Share by Type, 2019 – 2027
Global Camping Equipment Market by Distribution Channel Insights
Based on its Distribution Channels, the global Camping Equipment market can be segmented into Online Retail Channel and Offline Retail Channel. By Distribution Channel, Offline Retail Channel was largest segment in 2019 with over 55% share in total revenue generated by this industry. However, Online Retail Channel poised to grow at a rapid CAGR over the forecast period. Online channel facilitates multiple choices with ease of shopping. With increasing penetration of high speed internet, the sales volume through online channels is likely to overtake offline segment in the years to come.
Global Camping Equipment Market Share by Distribution Channel, 2019
Global Camping Equipment Market by Regional Insights
Europe accounted for over 35% share in total revenue generated by the global camping equipment market in 2019. Europe was closely followed by North America. Frequency of camping and outdoor recreational activity among youth and adults in North America and Europe is leading the growing demand for camping equipment’s in the region. Moreover, large number of clubs and associations are actively engaged in arrangement of outdoor camping activities in Europe and North America are encouraging people to participate in such activities. This in turn is resulting into growing demand for camping equipment’s in Europe and North America.
Global Camping Equipment Market Share by Region, 2019
Global Camping Equipment Market Competitive Landscape
Key players operating in the field of manufacturing Camping Equipment including but not limited to Oase Outdoors ApS, Johnson Outdoor Inc., Nemo Equipment Inc., Newell Brands, AMG Group, Big Agnes Inc., Exxel Outdoors, Mont-bell Co. Ltd. and Others. Global Camping Equipment market is highly fragmented with large number of players. Most of players are focusing improvement of their online distribution channels to increase their reach to end-users. However, offline retail channel is likely to hold its importance despite of increasing threat from online sales channels.
Global Camping Equipment Market, Company Share 2019
Global Camping Equipment Market by Type, 2015 – 2027
- Sleeping/air bags
- Other accessories
Global Camping Equipment Market by Distribution Channel, 2015 – 2027
- Online Retail Channel
- Offline Retail Channel
Global Camping Equipment Market by Region, 2015 – 2027
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Global Camping Equipment Market: Key Players
- Exxel Outdoors
- Mont-bell Co. Ltd.
- Newell Brands
- Oase Outdoors ApS
- Johnson Outdoor Inc.
- Nemo Equipment Inc.AMG Group
- Big Agnes Inc.