“Global Camping Equipment Market to reach a market value of USD 49.2 Billion by 2031 growing at a CAGR of 8.0%”
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.
Based on the Analysis presented in the Cardinal matrix; Dometic Group AB is the forerunner in the Market. In April, 2024, Dometic revealed a new lightweight, compact camp shelter crafted from dope-dyed fabric, a material known for its reduced environmental impact. The shelter features a lightweight aluminum frame and offers a secure, protected space at camp while minimizing space requirements during transport. Companies such as Oase Outdoors ApS, Johnson Outdoors, Inc., VF Corporation are some of the key innovators in Market.
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.
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.
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.
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.
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.
Free Valuable Insights: Global Camping Equipment Market size to reach USD 49.2 Billion by 2031
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.
The market is highly competitive, characterized by a multitude of well-established brands and emerging players. Major companies leverage innovation, quality, and diverse product lines to capture market share. Intense competition drives continuous advancements and improvements, benefiting consumers with enhanced products and competitive pricing.
Report Attribute | Details |
---|---|
Market size value in 2023 | USD 27 Billion |
Market size forecast in 2031 | USD 49.2 Billion |
Base Year | 2023 |
Historical Period | 2020 to 2022 |
Forecast Period | 2024 to 2031 |
Revenue Growth Rate | CAGR of 8.0% from 2024 to 2031 |
Number of Pages | 449 |
Number of Tables | 794 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Type, Distribution Channel, Application, Region |
Country scope |
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Companies Included | AMG Group Ltd., Oase Outdoors ApS (Ratos AB), Exxel Outdoors, LLC, Big Agnes, Inc., Dometic Group AB, Hilleberg the Tentmaker, Inc., Johnson Outdoors, Inc., Newell Brands, Inc. (The Coleman Company, Inc.), Simex Outdoor International and VF Corporation |
By Application
By Type
By Distribution Channel
By Geography
This Market size is expected to reach $49.2 billion by 2031.
Influence of social media and adventure culture are driving the Market in coming years, however, Competition from alternative leisure activities restraints the growth of the Market.
AMG Group Ltd., Oase Outdoors ApS (Ratos AB), Exxel Outdoors, LLC, Big Agnes, Inc., Dometic Group AB, Hilleberg the Tentmaker, Inc., Johnson Outdoors, Inc., Newell Brands, Inc. (The Coleman Company, Inc.), Simex Outdoor International and VF Corporation
The expected CAGR of this Market is 8.0% from 2024 to 2031.
The Camping Backpacks segment led the Market by Type in 2023; thereby, achieving a market value of $18.1 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $19 billion by 2031.
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