The global camping equipment market is projected to reach $7.7 billion by 2027, at a CAGR of 3% during 2021-2027. The growth of camping equipment market is driven by increasing recreational expenditure, changing lifestyle, and rising participation in outdoor recreational activities. Aging population and early retirement also will drive the industry as early retirement will give people more time for outdoor recreational activities. Growing health benefits of outdoor activities are also projected to give new shape to the camping equipment market during the next decade.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the camping equipment market by product type (camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the camping equipment market?
Q.4 What are some changing demands of customers in the camping equipment market?
Q.5 What are the new developments in the camping equipment market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this camping equipment area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this camping equipment market?
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Market Segmentation:
Based on product type, the camping equipment market is segmented into camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories . The camping backpacks segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing consumption of the outdoor backpacks for hiking, biking, and camping purposes.
Europe is expected to remain the largest region and APAC to witness the highest growth over the forecast period due to rising tourism infrastructural facilities in the countries like India, Indonesia, and Thailand.
Key Players in the camping equipment market are Johnsons Outdoors, Nemo Equipment, Oase Outdoors, AMG Group, and Newell Brands.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/camping-equipment-market.aspx.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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