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Global Camping Equipment Industry Revenues To Grow At Nearly 7.4% By 2031 | AMG Group Ltd., Big Agnes, Inc., Dometic Group AB

04-06-2023 05:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Global Camping Equipment Industry Revenues To Grow At Nearly

The global camping equipment market was valued at US$ 22.0 billion in 2021 and it is anticipated to grow up to US$ 46.7 billion by 2031, at a CAGR of 7.4% during the forecast period.

Camping equipment is gathering steam among populations participating in outdoor recreational activities. A dizzying array of camping equipment includes camping furniture, backpacks, tents, cooking systems and cookware, protective gear, and accessories. Products in the camping equipment market have increased safety and meet the functional needs of different camping activities. Further, outdoor gear and accessories have become a key part of camping essentials. New avenues in the camping equipment market stem from the unceasing focus of manufacturers on unveiling equipment that combines safety and comfort.

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Market Drivers and Trends

The rise in outdoor activities is a key trend bolstering the demand for camping equipment. The participation has spurred the growing number of clubs and organizations promoting such activities. Further, in developing economies, youths and families in urban regions are taking time off their hectic work schedules and trekking activities. Camping has been gaining popularity due to stress release factors and as an activity that promotes physical & mental health.

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Rising disposable income, increasing stress levels, rising pollution levels in urban areas, increasing awareness of camping benefits, and increasing trend of hiking and camping among young people are major factors driving the camping equipment market. Additionally, the market's growth positively impacts the growing preference for recreational vehicles. Moreover, consumers are increasingly giving more attention to the safety factor, thereby fueling the expansion of the market. Thus, the rise in outdoor activities boosts the growth of the camping equipment market.

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Global Camping Equipment Market Segmentation

By Type

Camping Furniture
Camping Backpacks
Tents
Cooking Systems and Cookware
Camping Gear and Accessories

By Application

Personal
Commercial

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Major Players in the Global Camping Equipment Market

The key players studied in the global camping equipment market are AMG Group Ltd. (Scotland), Big Agnes, Inc. (US), Dometic Group AB (Sweden), Exxel Outdoors, LLC (US), Hilleberg the Tentmaker, Inc. (US), Johnson Outdoors Inc. (US), Newell Brands (US), Oase Outdoors ApS (Denmark), Simex Outdoor International GmbH (Germany), and VF Corporation (US).

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