Press release
Camping Equipment Market Share, Demand, Top Players, Industry Size, Future Growth By 2030
COVID-19 Impact:
Pandemic Created Gaps Between the Supply and Demand
The pandemic affected camping equipment due to the shutdown of various cordons and shutdowns which reduced the demand of consumer goods. The pandemic created gaps between the supply and demand of basic ingredients which are used for the manufacturing of trekking accessories and equipment. Various companies launched their own e-retailing portals to increase their customer reach and captured a competitive market position, amid the pandemic
Fortune Business Insights™ lists out all the camping equipment market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
MountCraft (India)
Johnson Outdoor Inc. (U.S.)
Nemo Equipment, Inc. (U.S.)
Oase Outdoors ApS. (Denmark)
Newell Brands (U.S)
Zempire Camping Equipment (New Zealand)
Exxel Outdoors, LLC (U.S.)
AMG Group Ltd. (U.K.)
Big Agnes, Inc. (U.S.)
SUPAPEG (Australia)
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Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Increasing Number Of Recreational Activities To Drive Market Trajectory
An increasing number of recreational activities are anticipated to drive camping equipment market growth. Rising disposable income levels of individuals in developing nations such as India, China, Brazil, France, and others increased the purchasing parity of the consumers in those regions supporting the growth of the market. Leisure activities help in the reduction of stress, help in the improvement of the health of the consumers, and personal development and growth in the long run.
However, rising costs of transportation have led to an increase in the inflation rate, consuming a large portion of consumers on these types of expenses which is anticipated to hinder market development.
Regional Insights
North America To Lead Market Due To Presence Of Established Market Players In The U.S
North America is expected to dominate the camping equipment market share due to the presence of established market players in the U.S. Availability of a wide range of brands in travel or camping gear and accessories and kits and demand for luxury and premium travel accessories products.
Europe is also expected to be the second dominant region owing to various stakeholders and members of the tourism sector has initiated many projects and travel packages at an affordable price for the consumers.
Asia Pacific is anticipated to have significant growth with the prevalence of camping representing an increase of the youth in outdoor games and events.
Competitive Landscape
Companies Have Been Collaborating Amongst Each Other To Gain Market Share
Key market players have been launching new products depending upon the need for customization and trekking taken up by the people. Diverse weather conditions, tracks, and other factors have been influencing the application of different trekking products increasing the need for customized and high-durability products which led to the launch of customized trekking goods which influenced the market positively. In May 2020, Big Agnes collaborated with Bluebird Backcountry to assist as the official protected jacket sponsor of the ski area, offering guides, instructors, and members by providing insulated jackets.
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Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Overview of the Parent/Related Markets
Industry SWOT Analysis
Supply Chain and Regulatory Analysis
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Qualitative Analysis (in relation to COVID-19)
Impact of COVID-19
Supply Chain Challenges
Potential Opportunities due to COVID-19
Global Camping Equipment Market Analysis, Insights, and Forecast, 2019-2030
Key Findings / Summary
Market Size Estimates and Forecast
By Product Type (Value)
Backpacks
Sleeping Bags
Tents
Cooking System
Furniture
Others
By Distribution Channel (Value)
Offline Stores
Online Stores
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued...!
Key Industry Development
June 2022- Big Agnes announced the launch of the 3N1 sleeping bag range which is made up of two distinct sleeping bags which can be combined to offer a deluxe sleep that is temperature-monitored according to different conditions.
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