DUBLIN--(BUSINESS WIRE)--The "Camping Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The camping equipment market was valued at USD 13,954.86 million in 2020, and it is projected to witness a CAGR of 6.68% during the forecast period, 2021-2026.
The situation of COVID-19 had a positive impact on the market growth, as recreationists spent a higher amount of leisure time from their complex work schedules. As per the sources, the implementation of lockdown came as an opportunity for campers and prospective campers across the world. Considering the leisure travelers of the North American region, the frequency of leisure trips made by the travelers increased from 11% to 16% post-COVID-19 situation. Hence, the market witnessed a positive impact on the demand for camping equipment during the period.
Vendors are introducing camping equipment that ensure higher safety and comfort level in terms of size, weight, and quality of the material. Moreover, vendors have started developing the type of insulation used in tents to protect the consumers from extreme climatic conditions.
A number of camping organizations and service providers are introducing camping programs targeted at different age groups in an effort to attract new campers. For the older generations, these programs often focus on the experience of camping, while for younger generations, they feature adventure sports.
In addition, with the rising awareness about environmental preservation, demand for eco-friendly camping equipment is on the rise. Thus, vendors are introducing eco-friendly equipment to differentiate and expand their product lines. Such innovations in camping equipment may increase the sales of camping equipment during the forecast period.
The camping equipment market is competitive, and the major players are focusing on innovating their offerings through new product development and expansion to widen their presence across the world and cater to various preferences of consumers.
The most active companies in the market include key players, such as Newbell Brands, AMG Group Ltd, Exxcel Outdoor LLC, and mont-bell Co. Ltd. In terms of strategies adopted, product innovation captured the major share and remained the most preferred strategy adopted by the leading market players.
Companies are expanding their production lines and product portfolios geographically, which helps them gain a competitive advantage over other players. Technical advancement was another key factor in product innovation.
Key Topics Covered:
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Camping Furniture
5.1.2 Camping Backpacks
5.1.4 Cooking Systems and Cookware
5.1.5 Camping Gear and Accessories
5.2 By Distribution Channel
5.2.1 Online Retail Channel
5.2.2 Offline Retail Channel
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 Johnson Outdoor Inc.
6.4.2 Nemo Equipment Inc.
6.4.3 Newell Brands
6.4.4 Oase Outdoors ApS
6.4.5 AMG Group
6.4.6 Big Agnes Inc.
6.4.7 Exxel Outdoors
6.4.8 mont-bell Co. Ltd
6.4.9 Nordisk Company AS
6.4.10 ADL-Tent Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/ppu7kd