Hammock Market Research, 2030
The global hammock market size was valued at $380.2 million in 2020, and is projected reach $639.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030. The conventional segment led in terms of hammock market share in 2020 and is expected to retain its dominance throughout the forecast period.
Hammocks are sling like structure made from fabric or from fabric rope woven in to a net. They are generally used for sleeping when outside in the wild and as a medium of relaxation on beaches or in the backyards of houses. The most commonly used material for making hammocks is polypropylene, followed by cotton and then other materials like nylon, canvas, parachute silk, and others.
Rapid urbanization, increase in disposable income, surge in demand for housing real estate space, and rise in need for premium & luxury hammocks from customers act as the key driving forces for the global market. In addition, people are actively getting involved in home improvement and designing through inclusion of various home decors, furniture, hammocks and other accessories. Countries such as China, India, Brazil, and South Africa, exhibit high growth potential due to expansion of the real estate sectors. Furthermore, high-quality hammocks is gaining high traction in residential, owing to its properties such as prolonged durability, high comfort, tear resistance, breathability and water resistance, which notably contributes toward the growth of the global market.
Segment review
The global hammock market is segmented on the basis of type, material, sales channel and region. By type, the global market is bifurcated into spreader bar and conventional hammocks. By material, the market is studied across cotton, Polypropylene, and others. By sales channel, the market is segmented into offline channel and online channels. Region wise, the hammock market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Based on type, hammocks are divided into conventional and spreader bar hammocks. Conventional hammocks are made from fabric and have ropes on both ends to hang it on stands or tie them on trees. Spreader bar hammocks can be made with fabric or rope and have metal, bamboo, or wood bars at the ends to make them stretch out and become taut. The attaching mechanism is connected to the bars of the hammock. Conventional segment leads in terms of market share owing to light weight, higher portability and lower price.
By Type
Conventional segment would exhibit the highest CAGR of 6.1% during 2021-2030.
On the basis of material, hammocks are divided into cotton, polypropylene, and others. Cotton is a very commonly used material for making hammocks as it is very comfortable and soft, and its slight stretchiness is useful in making hammocks. Hammocks made from polypropylene are more durable and weather resistant, and better suited for outdoor activities, thus, resulting in high market share of the global market.
By Material
Polyproplyene segment would exhibit the highest CAGR of 6.5% during 2021-2030.
On the basis of sales channel, hammocks are divided into online sales channel and offline sales channel. Offline sales channel is made up of specialty stores that specialize in selling camping and outdoor gear. Online channels are e-commerce sites or the manufacturers own website through which customers can purchase the desired hammocks. Offline channel leads in terms of market share however the online segment is poised to grow with higher CAGR during the forecast period.
By Sales Channel
Online channels segment would exhibit the highest CAGR of 7.0% during 2021-2030.
The report focuses on the hammock market growth prospects, restraints, and opportunities of the global hammock market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the hammock market.
By Region
Asia-Pacific region would exhibit the highest CAGR of 6.9% during 2021-2030.
Some of the major players profiled in the hammock market analysis include Danlong Hammcoks, Eagles Nest Outfitters, Golden Eagle Outdoor, Grand Trunk, Inca Hammocks, La Siesta, Lawson Hammock Company, Liaoning LuckyJohnny Trading Co., Ltd, The Hammock Source, and Wise Owl Outfitters. Other prominent players analyzed in the report are Bliss Hammocks, KW Hammock, Lazy Daze Hammocks, Foxelli, Mad Grit, Avion Gear, Hammock Sky, and Newdora.
Covid-19 Impact Analysis
- Hammock market witnessed positive growth across North American region particularly in the U.S. and Canada.
- The COVID-19 pandemic disrupted the sales of hammocks via brick and mortar stores resulting in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks.
- However, with changing consumer behavior demand for personalized and premium quality products is likely to increase.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging hammock market trends and opportunities.
- The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing hammock market opportunities in the market.
- The hammock market forecast is offered along with information related to key drivers, restraints, and opportunities.
- The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
Hammock Market Segments
By Type
- Spreader bar
- Conventional
By Material
- Cotton
- Polypropylene
- Others
By Sales Channel
- Offline Channels
- Online Channels
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- ASEAN
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Hammock Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By MATERIAL |
|
 By SALES CHANNEL |
|
 By Region |
|
 Key Market Players | GOLDEN EAGLE OUTDOOR, LA SIESTA INC., THE HAMMOCK SOURCE, EAGLES NEST OUTFITTERS, INC., GRAND TRUNK, LIAONING LUCKY JOHNNY TRADING CO., LTD, DANLONG HAMMCOKS, INCA HAMMOCKS, WISE OWL OUTFITTERS, LAWSON HAMMOCK COMPANY |
Analyst Review
The last few years have seen an increase in outdoor and nature related activities like camping, hiking, trekking, and backpacking along with tourism. With people trying to connect with nature and are opting for unique vacations close to the nature resulting in high footfall for recreational activities. Hammocks remains essential product for campaigners demand for the same have increased multifold in the last decade.
Now a days usage of hammocks are not only limited in recreational activities but have found its pace in residential segment as well. Consumers are now willing to spend more than ever on outdoor furniture’s including hammocks. In order to cater to residential requirement, engaged stakeholders in the industry are now introducing highly comfortable, space efficient, and weatherproof fabric, which is UV-resistant and water-repellent. With such novel innovations, the market for residential segment is likely to gain high traction in the near future.
The paradigm shift in consumer behavior toward sustainability; is driving changes in promotion, marketing and product development. With sustainability as the new sales pitch, players in the industry are introducing hammocks made from organic cotton. Furthermore, eco-friendly and recycled material for the manufacturing of the hammocks is expected to gain high traction in the coming years.
The global hammock market size is projected reach $639.8 million by 2030.
The global hammock market size is poised to grow with CAGR of 5.8% from 2021 to 2030.
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2020 is the base year calculated in the Hammock Market report.
Some of the major players operating in the hammock market include Danlong Hammcoks, Eagles Nest Outfitters, Golden Eagle Outdoor, Grand Trunk, Inca Hammocks, La Siesta, Lawson Hammock Company, Liaoning LuckyJohnny Trading Co., Ltd, The Hammock Source, and Wise Owl Outfitters.
The global hammock market is segmented on the basis of type, material, sales channel and region.
The Asia-Pacific region is likely to provide lucrative opportunities for the engaged stakeholders.
The hammock market have seen positive growth amidst the Covid-19 and is likely to sustain robust growth in the coming years.
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