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United States, Rockville MD, 06 Jul. 2022 (GLOBE NEWSWIRE) — The global camping equipment market size is expected to reach US$33.17 billion in 2032, growing at a CAGR of 7.3% from 2022 to 2032. air recreational activities are poised to cook up a storm when it comes to the camping gear market.
According to Fact.MR, the global camping equipment market is expected to reach a valuation of US$16.4 billion in 2022. Campfire cooking equipment is expected to be the major revenue generator for the camping equipment market.
Other products driving the camping gear market include sleeping bags, camping gear storage containers, and backpacking camping gear.
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Camping equipment is widely used by hikers and backpackers to enable convenient and safe outdoor activities. They include several camping items needed for cooking, making tents, and more. In other words, ongoing leisure-oriented trends are expected to ring the cash registers for the camping equipment market.
Europe holds the largest share of the camping equipment market owing to the inclination of the majority of the population towards camping. According to the CBI Foreign Office, nearly 59% of millennials in Europe experienced at least one activity excluding adventure, travel and camping in 2019 alone. notable market.
This could be attributed to the fact that the Singapore Department of Statistics states that the value of retail sales of leisure goods increased by 0.6% between 2018 and 2019. North America is not left out either. . The North Face in May 2020 released an Advanced Summer Series Mountain Kit including footwear, gear and apparel.
What does the Camping Equipment Market report represent for the regions?
“Research puts North America at the top of the camping gear space”
The North America camping equipment market accounts for a major market share of 34.6% in the global landscape and stands at a valuation of US$5.67 billion in 2022. The number of campers in this region is increasing every year and this is expected to significantly boost the potential of the camping equipment market in this region.
The demand for RV equipment is expected to rise sharply in this region during the forecast period. The growing focus on sustainability is expected to boost sales of solar-powered camping gear in North America. Camping beds and mats are also expected to be popular camping supplies that are expected to see an increase in demand through 2032.
The US camping equipment market is expected to be the most lucrative market in this region throughout the forecast period. The growing demand for lightweight camping equipment is expected to drive camping equipment suppliers to launch new lightweight and cost-effective products.
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Key segments covered by the Camping equipment Industry survey
- Camping Equipment Market by Product Type:
- Camping furniture
- Camping backpacks
- Camping tents
- Camping cooking systems and cookware
- Camping equipment and accessories
- Other types of products
- Camping Equipment Market by Distribution Channel:
- Online sales channels
- Offline sales channels
- Camping Equipment Market by Region:
- North America
- Latin America
The global camping equipment market is driven by long-distance travel incentives, prompting major players to be on the alert.
- The Chinese company Comefly Outdoor Co. Ltd. confirmed that the first quarter of 2022 recorded a year-on-year increase of almost 56%.
- AMMO Inc., in August 2019, entered into a partnership with Gender Outdoor for the sale of outdoor equipment through the latter’s 66 stores.
- Callaway Golf Company in January 2019 acquired Jack Wolfskin (an international supplier of footwear, apparel and other outdoor equipment) to develop outdoor equipment for cyclists, hikers and hikers.
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Key Questions Answered in the Camping Equipment Market Report
- Who are the major players in the Camping Equipment market?
- Which region is expected to dominate the global camping equipment market in 2022-2032?
- What is the expected value of the camping equipment market in 2022?
- What are the challenges faced in the camping equipment market?
- What will be the market size of the global camping equipment market during the forecast period (2022-2032)?
- At what rate will Global Camping Equipment Market grow through 2032?
The key players in the Camping equipment Market
- Black Diamond
- damn hard
- western mountaineering
Main takeaways from Camping equipment Market research
- The European camping equipment market is expected to reach a share of around 30% by 2032.
- By product type, camping cookware system holds the largest market share.
- By distribution channel, online stores are expected to take over by 2032.
More Valuable Insights into the Camping Equipment Market
Fact.MR in its latest study offers a comprehensive analysis of the Global Camping Equipment Market. It also provides key information such as latest trends, drivers, and challenges that are expected to influence the sales of camping gear over the forecast period of 2022 to 2032.
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