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Hammock Market Growing At A CAGR Of 5.8%, And Leading Players Updates By Forecast To 2021-2030

09-01-2021 01:21 PM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Hammock Market

Hammock Market

The Objective of the “Global Hammock Market” report is to depict the trends and upcoming for the Hammock Market industry over the forecast years. Hammock Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2021 to 2030 mulling over 2020 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

The global hammock market size was valued at $380.2 million in 2020, and is projected reach $639.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.

Access Full Summary: https://www.alliedmarketresearch.com/hammock-market-A12496

The hammock market is primarily driven by the popularity of outdoor activities among people all around the world. The hammock market growth is positively influenced by travel and recreation industry. Furthermore, increased investment by professional hikers and video loggers on quality gear also drives the market growth.

The global report is studied on the basis of type, material, sales channel and region. By type, the global market is bifurcated into spreader bar and conventional hammocks. By material, the market is studied across cotton, polypropylene, and others. By sales channel, the market is segmented into offline channel and online channels.

In addition, consumers are now becoming more health conscious due to work-related stress and lifestyle disorders. As a result, working individuals opt for fitness regimes such as hiking and adventure tourism to remain healthy, and active in daily life. A large number of individuals are investing their time in performing hiking activities to keep themselves fit and healthy. This has created high demand for hiking gear including hammocks among all age groups, thereby, fostering the market growth.

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Sleeping in hammocks can have several health benefits for the body. It can lead to a better sleep and can help relieve insomnia and back pain. Hammocks will move the body naturally into the best position for sleeping and hold the body in the same position.

Furthermore, the users head is slightly elevated above their body, which is perfect for a restful sleep. It also helps the user fall asleep faster, a reason for which is the swaying of the hammock. Sleeping on hammocks also alleviates pressure from the back and shoulders, which also reduces pain in those areas and helps in sleeping more peacefully. While camping or in the house, sleeping on hammocks can help stay away from bugs and insects, especially inside the house, it can help reduce dust mites. These health benefits associated with hammocks are expected to provide lucrative opportunities for the market expansion.

Key Market Players Profiled In The Report:

• Danlong Hammcoks
• Eagles Nest Outfitters
• Golden Eagle Outdoor
• Grand Trunk
• Inca Hammocks
• La Siesta
• Lawson Hammock Company
• Liaoning LuckyJohnny Trading Co. Ltd
• The Hammock Source
• Wise Owl Outfitters.

Other prominent players analyzed in the market report are Bliss Hammocks, KW Hammock, Lazy Daze Hammocks, Foxelli, Mad Grit, Avion Gear, Hammock Sky, and Newdora.

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Key Findings Of The Study:

○ Depending on type, the conventional hammock segment led in terms of market share in 2020, and is poised to grow with robust CAGR in the upcoming years.
○ On the basis of material, the Polypropylene segment accounted for around three-forth share of the market in 2020 and is likely to dominate the global market during the forecast period.
○ As per sales channel, offline channels segment leads in terms of market share of the global hammock market; however, online channels segment is expected to gain some market share by the end of forecast period.
○ Innovation like rain tarps and bug nets used along with hammocks to aid hammocks market is gaining traction.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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