According to the recent study the camping equipment market is projected to reach an estimated $7.7 billion by 2027 from $6.5 billion in 2021, at a CAGR of 3.0% from 2021 to 2027. Growth in this market is primarily driven by increasing recreational expenditure, changing lifestyle, and rising participation in outdoor recreational activities. Aging population and early retirement also will drive the industry as early retirement will give people more time for outdoor recreational activities. Growing health benefits of outdoor activities are also projected to give new shape to the camping equipment market during the next decade.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends, opportunities and forecast in camping equipment market by product type (camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Camping backpacks market is expected to remain the largest segment during the forecast period.”
Based on product type, the camping equipment market is segmented into camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories. Lucintel forecasts that the camping backpacks market is expected to remain the largest segment due to increasing consumption of the outdoor backpacks for hiking, biking, and camping purposes.
“Within the camping equipment market, the offline segment is expected to remain the largest distribution channel”
Based on distribution channel the offline segment is expected to witness the highest growth over the forecast period due to consumers are able to touch and feel the quality of products and are more likely to buy trusted branded camping equipment from specialty stores.
“Europe will dominate the camping equipment market in near future”
Europe is expected to remain the largest region and APAC to witness the highest growth over the forecast period due to rising tourism infrastructural facilities in the countries like India, Indonesia, and Thailand.
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Major players of camping equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Johnsons Outdoors, Nemo Equipment, Oase Outdoors, AMG Group, and Newell Brands are among the major camping equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/camping-equipment-market.aspx or [email protected]