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A16935 | Pages: 389 | Charts: 66 | Tables: 157 |
The global camping equipment market was valued at $23.3 billion in 2022, and is projected to reach $51.8 billion by 2032, growing at a CAGR of 8.6% from 2023 to 2032. Increase in interest of consumers toward outdoor activities and leisure tour & plans offer significant landscape for sales of outdoor equipment in the global Camping Equipment industry. Consumers like to enjoy stress-free vacation in various natural places, such as near river, mountain, and forest. An increase in demand for portable accommodation among campers has been witnessed, which boots the sales of camping equipment in the global market. According to the North American Camping Report, in 2020, tent accounted for the largest market share of approx. 56% for accommodation during camping followed by the recreational vehicle and cabin, increasing the camping equipment market size. In addition, according to American Hiking Organization, an individual consumer spends on an average $50 to $100 on tent camping trip.
Moreover, larger gathering-capable camping equipment are in higher demand as a result of the growing trend of group camping, whether with friends, family, or as formal outdoor events ha increased camping equipment market growth. It has raised the need for large cooking setups, tents, and accessories that are suitable for large gatherings. In addition, families find camping to be a healthy and unifying activity, which has led to an increase in demand for family-sized tents, cozy sleeping quarters, and kid-friendly camping supplies. Manufacturers are also engaged in designing items that meet the demands of families, such as kid-friendly accessories and tents that are simple to erect. Moreover, camping experiences have been highlighted on social media channels. More individuals are participating as a result of this, which has strengthened the sense of community. According to Eurostat, in 2022, Europe residents spent an estimated $474 Billion on tourism trips.
The growing popularity of camping and the acquisition of necessary gear is due to people's desire to share their outdoor adventures on social media sites such as Facebook and Instagram. This has led to a rise in the market for accessories that are great for gatherings, such as bigger camping coolers, movable furniture, and multipurpose kitchenware that can be used to prepare meals for a large gathering.
The market for camping equipment was severely impacted by COVID-19 and camping equipment demand decreased. This was a result of the laws and regulations set by the governments of various countries worldwide.
Owing to the restrictions placed, there have been fewer travelers overall. In addition, the tourist attractions were closed, which had a big impact on the camping industry. To increase the rate of economic growth in various nations, many of these locations were opened in the third quarter of 2021. Consumers traveled to several locations during this time period and enhanced the camping equipment business at the same time. In UAE, the inaugural Adventure & Camping Exhibition was held in 2019, which was the only event that offered all the latest products for camping, boating, fishing, and more in one place, besides travel information, inspiration, and fun activities.
However, consumers have also reduced their expenditure on recreational things such as camping equipment since they were deemed non-essential during uncertain economic times. Families and individuals are less likely to invest in outdoor equipment for recreational activities such as camping due to growing concerns about their financial security. Furthermore, in situations such as the economic slowdown, when a large segment of the population has less money to spare, people prioritize their basic requirements above leisure activities, which has a negative impact on the market for camping equipment. In addition, fewer individuals went camping as they cut back on their travel owing to the increased financial worries in such situations
The camping equipment market is segmented into type, application, distribution channel, and region. On the basis of type, the Camping Equipment Industry is categorized into camping furniture, camping bagpacks, tents, cooking system & cookwears and camping gears & accessories. On the basis of application, the camping equipment market is categorized into personal and commercial, On the basis of distribution channel, it is fragmented into business to business, hypermarkets/supermarkets, specialty stores, online retailers, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), 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).
[TYPEGRAPH]
By type, camping backpacks has the major camping equipment market share in the year 2022 and is likely to remain dominant during the forecast period.
[APPLICATIONGRAPH]
By application, commercial segment dominated the global market however, personal segment is the fastest growing segment during the forecast period.
[DISTRIBUTIONCHANNELGRAPH]
By distribution channel, the online sales channel is the fastest growing segment, owing to the growth of internet penetration and smart phones globally, which propels the camping equipment market demand. However, the hypermarkets/supermarkets segment is expected to remain the largest dominating segment of the camping equipment market owing to high consumption of camping equipment.
[REGIONGRAPH]
By region, Asia-Pacific dominated the global camping equipment market and is likely to be the fastest growing region during the camping equipment market forecast period.
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.
Key Market Segments
Key Market Players