Camping Tent Market Valuation Worth USD 7.9 billion by 2031, At 8.8% CAGR From 2022 to 2031 - Report by Allied Market Research

According to a new report published by Allied Market Research, titled, "Camping Tent Market by Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2031″. The camping tent market was valued at $3.1 billion in 2021, and is estimated to reach $7.9 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

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Increase in camping participation among millennials and generation Z drive the growth of the global camping tent market North America is contributed to the highest share in terms of revenue in 2021, holding more than two-fifths of the total market share. In 2020, sales of camping tent items were hindered due to supply chain disruptions.

Based on type, the tunnel segment held the highest market share in 2021, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the dome segment is estimated to register the highest CAGR of 9.3% from 2022 to 2031.

Based on distribution channel, the B2B sales segment held the largest market share in 2021, holding nearly one-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the online retailers segment is projected to register the highest CAGR of 9.6% from 2022 to 2031.

Based on region, North America is contributed to the highest share in terms of revenue in 2021, holding more than two-fifths of the total market share, and is estimated to continue its dominant share by 2031. However, the Asia-Pacific region is projected to manifest the fastest CAGR of 10.1% during the forecast period.

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COVID-19 scenario:

• The outbreak of the COVID-19 pandemic led to have a negative impact on the growth of the global camping tent market, as sales of camping tent items were hindered due to supply chain disruptions.

• Furthermore, influence of COVID-19 has hindered the sales of camping tent items since supply chain activities were interrupted and the requirement for camping products were not essential during the pandemic crisis in 2020. Demand for camping equipment and tents declined in 2020 compared to 2019.

Some of the key players operating in the camping tent industry include:

• Hilleberg
• Johnson Outdoors
• The North Face
• AMG GROUP
• Newell Brands
• Oase Outdoors
• The Coleman Company
• Simex Outdoor International
• Kampa
• Exxel Outdoors.

Key Findings of the Study

• On the basis of type, the dome segment is projected to witness the highest CAGR of 8.4%, in revenue terms, during the forecast period.
• On the basis of country in North America, the U.S. was the largest country, in terms of revenue generation for camping tent market in 2021.
• On the basis of application, the personal segment is expected to grow at a CAGR of 8.9 during the forecast period.
• On the basis of distribution channel, the specialty sporting store is expected to grow at a highest CAGR of 10.7% during the forecast period.
• On the basis of region, Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 10.1% from 2022 to 2031.

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