Camping Equipment sales are expected to reach US$ 33.17 billion By 2032

The global camping equipment market is projected to achieve a substantial value of US$ 33.17 billion by the year 2032, exhibiting a commendable Compound Annual Growth Rate (CAGR) of 7.3% from 2022 to 2032. A surge in expenditure on outdoor recreational activities is poised to ignite significant growth within the camping equipment market.

According to insights from Fact.MR, the global camping equipment market is forecasted to reach a valuation of US$ 16.4 billion in 2022. Campfire cooking equipment is anticipated to emerge as the primary revenue driver for the camping equipment market. Additionally, other products such as sleeping bags, camping gear storage containers, and hiking camping gear are expected to contribute to market growth.

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Camping equipment are used at a large scle by hikers and trekkers to enable convenient and safe outdoor activities. They are inclusive of several camping goods necessary for cooking, tent-making, and likewise. In other words, ongoing leisure-oriented trends are expected to keep the cash registers ringing for camping equipment market.

Europe holds the largest share of camping equipment market due to inclination of majority of the population towards camping. As per CBI Ministry of Foreign Affairs, almost 59% of the millennials in Europe experienced atleast one activity out of adventure, travelling, and camping in 2019 alone. As far as the Asia-Pacific is concerned, Singapore holds a noteworthy market share.

This could be credited to the fact that the Department of Statistics Singapore states that retail sales value of recreational goods rose by 0.6% between 2018 and 2019. North America is also not behind. The North Face, in May 2020, did launch summer series advanced mountain kit inclusive of footwear's, equipment, and garments.

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What Does the Camping Equipment Market Report Portray for Regions?

"Research Places North America at the Helm of the Camping Equipment Space"

North America camping equipment market accounts for a major market share of 34.6% in the global landscape and stands at a valuation of US$ 5.67 billion in 2022. The number of campers in this region is increasing every year and this is expected to prominently drive the camping equipment market potential in this region.

In this region, the demand for car camping gear is forecasted to experience a significant upsurge throughout the forecast period. Moreover, an escalating emphasis on sustainability is poised to drive sales of solar-powered camping gear in North America. Additionally, camping beds and mats are anticipated to emerge as sought-after camping essentials, with a projected increase in demand expected to extend through the year 2032.

The U.S. camping equipment market is anticipated to be the most lucrative market in this region throughout the forecast period. Increasing demand for lightweight camping gear is expected to push camping equipment suppliers to launch new products that are lightweight and cost-effective.

Key Segments Covered in the Camping Equipment Industry Survey

By Product Type : Camping Furniture, Camping Backpacks, Camping Tents, Camping Cooking Systems and Cookware, Camping Gear and Accessories
By Distribution Channel : Online Sales Channels, Offline Sales Channels
By Region : North America, Latin America, Europe, APAC, MEA

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Key players: Black Diamond, Hilleberg, Mammut, Icebreaker, MSR, Darn Tough, Western Mountaineering, Arc'teryx, Marmot, Osprey

Key Takeaways from Camping Equipment Market Study

Europe's camping equipment market is projected to account for a share of about 30% by 2032.
By product type, camping cookware system holds the largest market share.
By distribution channel, online stores are expected to take over by the year 2032.
Competitive Landscape

The global camping equipment market is subject to encouragement to long-distance travel, thereby prompting the key stakeholders to be on the toes.
For instance,

China-based Comefly Outdoor Co. Ltd. confirmed that the first quarter of the year 2022 recorded a y-o-y increase by close to 56%.
AMMO Inc., in August 2019, entered into partnership with Gender Outdoor for selling the outdoor equipment via the latter's 66 stores.
Callaway Golf Company, in January 2019, acquired Jack Wolfskin (provider of outdoor footwear, apparel, and other equipment at the international level) for developing outdoor equipment for bikers, trekkers, and hikers.

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This release was published on openPR.