PUBLISHER: KBV Research | PRODUCT CODE: 1555833
PUBLISHER: KBV Research | PRODUCT CODE: 1555833
The Global Camping Equipment Market size is expected to reach $49.2 billion by 2031, rising at a market growth of 8.0% CAGR during the forecast period.
Europe's market is buoyed by the region's rich natural diversity, widespread interest in eco-tourism, and the tradition of outdoor holidays, particularly in countries like France, Germany, and the Scandinavian nations. Consequently, the European region would acquire nearly 30% of the total market share by 2031.
The major strategies followed by the market participants are Product launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, in May, 2022, The North Face, part of VF Corporation launched STORMBREAK 2, a new camping tent. The new product aimed to offer a novel exploration shelter along with a big tent door in order to provide easy access to explore the depths of nature. Moreover, in March, 2020, The North Face, brand under VF Corporation rolled out FIELUDENS, a range of Camp Gear. The new product range comprises 11 distinct products including bags, soft cooler boxes, tote bags, tents, and more.
Market Growth Factors
Social media platforms allow influencers and outdoor enthusiasts to share visually captivating content, from scenic landscapes to well-curated camping setups, inspiring their followers to pursue similar experiences. Moreover, the adventure culture promoted on social media has fostered a growing community of outdoor enthusiasts who prioritize high-quality gear. Hence, the social validation and community connection from sharing such experiences online further amplifies this trend, making social media a powerful driver of the market's growth.
Consumers' increasing desire for unique and individualized outdoor experiences drives the growing demand for customized and personalized camping gear. This trend has been further exacerbated by the proliferation of crowdfunding platforms, which have allowed entrepreneurs to provide highly customizable and specialized camping products. Hence, as technology advances, the possibilities for personalization in the market will likely expand, making this a key growth area in the outdoor industry.
Market Restraining Factors
The entertainment options available to consumers are expanding rapidly, and they can be accessed from the convenience of their residences or urban environments as technology advances. This shift in consumer preferences is particularly pronounced among younger generations, who are often more digitally connected and inclined towards virtual experiences. Hence, the market may face stiff competition from these alternative leisure activities.
Application Outlook
By application, the market is classified into personal and commercial. The commercial segment witnessed 32% revenue share in the market in 2023. This segment includes the equipment purchased by businesses, such as outdoor adventure companies, rental services, and hospitality providers offering camping or glamping experiences.
Type Outlook
Based on type, the market is segmented into camping backpacks, camping furniture, tents, cooking systems & cookware, and camping gear & accessories. The tents segment garnered 14% revenue share in the market in 2023. The essential role tents drive the growth of the segment play in providing shelter and protection during outdoor activities.
Distribution Channel Outlook
Based on distribution channel, the market is divided into business to business, specialty sporting stores, online stores, supermarket/hypermarket, and others. The specialty sporting stores segment procured 27% revenue share in the market in 2023. These stores are favoured by outdoor enthusiasts and experienced campers who seek expert advice and a specialized selection of high-quality camping gear. A curated selection of products, such as premium brands and the most recent advancements in the equipment, is frequently available at specialty sporting stores.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired 41% revenue share in the market in 2023. This dominance is attributed to the strong camping culture in countries like the United States and Canada, where outdoor activities such as camping, hiking, and RV travel are extremely popular.
Recent Strategies Deployed in the Market
List of Key Companies Profiled
Global Camping Equipment Market Report Segmentation
By Application
By Type
By Distribution Channel
By Geography