Camping Tent Market to Reach USD 7.9 Billion By 2031, Top Impacting Factors

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.

Camping equipment are widely used for convenience during camping. Furthermore, camping tent is gaining popularity among the campers. There are various types of tents available for their accommodation. Commonly used camping tents are dome tent, tunnel tent, and geodesic tent. Rise in awareness regarding health & fitness, increase in number of campers, surge in initiatives from tourism associations to promote camping activities, and increase in youth population are the major factors that drive the growth of the global camping tent market.

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However, counterfeiting of camping equipment, such as tent is a key restraining factor of the camping tent market size. On the contrary, surge in youth population, improvement in lifestyle, and rise in disposable income of people in developing countries are anticipated to offer immense opportunities for the camping tent market players. These market players are promoting the camping activity among the people through social medias and advertisements to attract customers in the market. People are preferring camping and willing to purchase necessary camping equipment such as tent, bags, cooking utensils, and others which also supplements the growth of the camping tent market globally. According to the data by the North American Camping Report 2021, camping tent was the most preferred camping accommodation among first-time campers in 2020 in the U.S. camping tent accounted for 67% of camping accommodation, whereas, rest of the 33% was accounted by recreational vehicle (RV), cabin, and others.

Hectic lifestyle, improper work-life balance, and lack of peace-full environment are the factors associated to a number of health issues or disorders such as hypertension, hypotension, and depression. Therefore, to avoid such instances and to make their living more interesting, consumers are looking for leisure holidays and vacations that can offer them peace and satisfaction. They are preferring outdoor activities during their holidays and camping tent market share is gaining a decent place in overall camping equipment market. Due to this, the number of camping service agencies are expanding in the North America and Europe. Consumers who are not keen to buy camping equipment and opt for camping service agencies to plan their camping are expected to present lucrative opportunity to camping tent manufacturers by providing them required tents in mass volume.

Camping trend is growing rapidly and impacting consumers inclination toward purchasing new and innovative tents in the market. Rise in interest of such camping among people boosts the sales of camping tents across the globe and is anticipated to rise during the camping tent market forecast period.

Companies can operate their business in highly competitive market by launching new products or updated versions of existing products. Partnership, collaboration, and agreement with key stakeholders are key strategies to sustain in the market. In the recent past, many leading players opted for product launch or partnership strategies to strengthen their foothold in the market. To understand the key trends of the camping tent market analysis, strategies of leading players are analyzed in the report.

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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 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 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 region, Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 10.1% from 2022 to 2031.
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, and Exxel Outdoors.

Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the camping tent market analysis from 2021 to 2031 to identify the prevailing camping tent market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the camping tent market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global camping tent market growth.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global camping tent market trends, key players, market segments, application areas, and market growth strategies.

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