About the Camping Equipment Market
A diverse range of camping equipment such as sleeping bags, tents, and backpacks are used for activities like camping, hiking, and climbing. These camping equipment available in the market vary in size, insulation, design, material, temperature rating, and other parameters. Countries like the US and Australia are witnessing a rise in the number of campers in the past few years.
Technavio’s analysts forecast the global camping equipment market to grow at a CAGR of 4.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global camping equipment market for 2016-2020. To calculate the market size, the report has taken into consideration the revenue generated from the retail sales of camping equipment to individual consumers, as well as associations and adventure clubs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Camping Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global camping equipment market: Johnson Outdoors, NEMO Equipment, Newell Brands, and Oase Outdoors.
Other Prominent Vendors in the market are: AMG Group, Big Agnes, Force Ten, Hilleberg, Kelty, MontBell, Paddy Pallin, Sierra Designs, Skandika, Snugpak, The Camping Equipment, and VFC.
Commenting on the report, an analyst from Technavio’s team said: “A trend boosting market growth is the rising demand for eco-friendly camping equipment. With growing awareness about environment preservation, the demand for eco-friendly raw materials in camping equipment is on the rise. Apart from price, design, and quality, consumers look for the sustainability of products. The Salt Creek 2 by Big Agnes is an eco-friendly product, with the tent, fly, and floor made with 100% recycled materials. The fly and floor are made waterproof with a solvent-free polyurethane coating.”
According to the report, a key growth driver is the increasing participation in outdoor recreational activities. As a result of the increasingly fast-paced and hectic lifestyle followed by the global population, consumers are opting for numerous ways to get de-stressed. Owing to such needs, the demand for leisure activities and outdoor sports is on the rise. An increase in disposable income, which has been observed worldwide, will also aid in meeting this demand, as consumers now can afford expensive camping equipment and are preferring to use premium products. An escalation in recreational expenditures is expected over the next five years, which will enhance the popularity of leisure activities and outdoor sports even more.
Further, the report states that one challenge that could restrict market growth is the growing popularity of RVs and glamping. The growing popularity of RVs across the globe can hinder the growth of the market during the forecast period. Glamping, which is also called glamorous camping, evolved in Europe, Australia, and Africa, and is an emerging trend in the market. Those indulging in glamping prefer the comfort of RVs over traditional campgrounds, which can decrease the demand for camping gear like tents and sleeping bags over the next five years. This form of camping is preferred primarily by affluent tourists. The Camping and Caravanning Club in the UK, which operates more than 100 campgrounds in the country, witnessed an increase of 15% in glamping in 2014 compared to 2013. The US has over 1,268 glamping hubs throughout the country, primarily located in the states of California, New York, Washington, and Colorado.
Johnson Outdoors, NEMO Equipment, Newell Brands, Oase Outdoors, AMG Group, Big Agnes, Force Ten, Hilleberg, Kelty, MontBell, Paddy Pallin, Sierra Designs, Skandika, Snugpak, The Camping Equipment, VFC.