Global Camping Equipment Market Poised for Robust Growth, Expected to Reach USD 27.24 Billion by 2030
Camping Equipment Market Set to Reach USD 27.24 Billion by 2030, Exhibiting a CAGR of 6.7%
Summary:
The global Camping Equipment Market, valued at USD 17.30 billion in 2023, is projected to grow significantly to USD 27.24 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2024 to 2030. This growth is driven by increasing outdoor recreational activities and rising demand for innovative camping solutions.
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A) Market Size:
The Camping Equipment Market was valued at USD 17.30 billion in 2023. With a growing inclination towards outdoor activities and camping, the market is expected to expand to USD 27.24 billion by 2030, representing a robust CAGR of 6.7% over the forecast period from 2024 to 2030.
B) Overview:
The Camping Equipment Market includes a diverse range of products designed to enhance the outdoor camping experience. This sector is experiencing substantial growth due to increasing interest in adventure tourism and outdoor activities. Key factors such as advancements in technology and a shift towards more sustainable and eco-friendly camping solutions are contributing to market expansion.
C) Market Scope:
The study offers a comprehensive overview of the global Camping Equipment industry, detailing market segmentation, regional insights, and trends. It provides critical information on market dynamics, key industry players, and emerging opportunities. The report also includes a thorough analysis of historical data and future projections to guide stakeholders in making informed decisions.
D) Segmentation:
The Camping Equipment Market is segmented as follows:
- By Product Type:
- Backpacks
- Sleeping Bags
- Tents and Accessories
- Camping Cookware System
- Others
- By Type:
- Camping Furniture
- Camping Backpacks
- Tents
- Cooking Systems and Cookware
- Camping Gear and Accessories
- By Distribution Channel:
- Offline Stores
- Online Stores
E) Major Manufacturers:
Key players in the global Camping Equipment Market include:
- MountCraft
- Macleay Interactive Design Inc.
- Adventure Gear
- Pinnacle Tents
- Trek Kit India
- SUPAPEG Australia
- Gipfel Climbing
- STEPIN ADVENTURE
- Xinhongwei International Camping Equipment Manufacture Co. Ltd.
- Outdoor TravelGear
- Johnson Outdoor Inc.
- Newbell Brands
- AMG Group Ltd
- Exxcel Outdoor LLC
- Mont-bell Co. Ltd.
- Nemo Equipment Inc.
- Oase Outdoor ApS
F) Regional Analysis:
The market research includes a detailed PESTLE analysis for regions including North America, Europe, Asia Pacific, the Middle East, Africa, and South America. North America and Europe are expected to maintain significant market shares due to high consumer spending and well-established outdoor recreation infrastructure. The Asia Pacific region is anticipated to witness the highest growth rate, driven by increasing urbanization and rising disposable incomes.
G) COVID-19 Impact Analysis:
The COVID-19 pandemic has influenced consumer behavior and market trends. The pandemic led to a surge in interest in outdoor and camping activities as people sought safe and socially-distanced recreation options. The industry has adapted by focusing on health and safety, and the increased emphasis on outdoor activities is likely to continue driving market growth.
H) Key Questions Answered:
- What is the projected CAGR for the Camping Equipment Market during the forecast period?
- Which segment is leading in the Camping Equipment industry?
- Who are the major players in the Camping Equipment Market?
- What will be the market size for Camping Equipment by 2030?
- Which company holds the largest market share in the Camping Equipment industry?
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