Global Inflatable Tents Market Revenue Growth Supported by Camping Activities, Rising Military Spending and Overseas Troop Deployment
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The key end use for inflatable tents is in military applications as inflatable tents support military camps and their operations in general camping for military personnel, storage of equipment and vehicles, and medical facilities. Military applications include remote operations and cold conditions, which acts as a driving force for the installation of inflatable tents. As a result, the global market for inflatable tents is expected to witness significant growth in 2018 and reach a market value of US$ 724.3 Mn, exhibiting a significant y-o-y growth rate. Furthermore, the global demand for inflatable tents will also be influenced by rising commercial operations such as exhibitions & events, agriculture & horticulture, energy, construction, mining, geology and exploration. The growing population and need for camping among tourists have directly been driving the sales of inflatable tents among personal applications. The growing population and rising per capita income in developed and developing economies are expected to enhance the demand for inflatable tents in the forecast period.
Inflatable tents are being adopted in large numbers by end users such as military and individuals worldwide. Innovative inflatable tents made from different types of materials such as Polyvinyl Chloride (PVC), Poly Cotton and Nylon are deployed on the basis of operations, environmental conditions and budgeting. PVC based inflatable tents find large scale adoption in military operations among countries such as the U.S., Russia, Germany and China. The quality of the material plays a significant role in the adoption of the tent with respect to environmental conditions and size. Initiating manufacturing and distribution units for inflatable tents and investments in developing countries across Asia are expected to boost the demand for inflatable tents over the coming years.
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On the basis of material, PVC and Poly Cotton segments are expected to dominate the inflatable tents market in terms of global market share and account for approximately 43.2% and 43.4% shares respectively by the end of 2028.
On the basis of type, the self-erecting segment is expected to dominate the inflatable tents market in terms of global market share and account for approximately 79.1% of the market by the end of 2028.
On the basis of shape, dome and tunnel segments are pegged to dominate the inflatable tents market in terms of global market share and account for approximately 49.3% and 39.2% shares respectively by the end of 2028.
On the basis of end use, the military segment is pegged to dominate the inflatable tents global market and account for US$ 782.3 Mn by 2028 end. The demand for inflatable tents in the personal segment is expected to rise rapidly in regions such as Nordic and China.
As of 2018, North America is estimated to be the most lucrative region in the global inflatable tents market and is likely to hold more than 31% of the global market share. Furthermore, advancements in material technology are expected to drive the demand for inflatable tents in Western Europe and North America.
The growing demand for inflatable tents in the coming years is expected to influence prominent manufacturers to collaborate with regional distributors and suppliers for business expansion. In addition to this, generating online sales through their own websites has also been driving the sales of inflatable tents. The North Face, Alaska Structures, Inc., Zepelin, Oase Outdoors, Coleman Company, Inc., Vango, Buildair Ingeniería y Arquitectura S.A., Kampa and Zempire Camping Equipment are some of the key players in the global inflatable tents market.
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In terms of market value, the global inflatable tents market is forecast to register a 7.5% CAGR and create an absolute $ opportunity worth US$ 771.7 Mn during the forecast period. Among all regions, North America and Western Europe are likely to witness the highest adoption of inflatable tents. The regions are expected to grow at CAGRs of 7.8% and 8.1% respectively during the forecast period.
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