The Latin America, Middle East and Africa Survival Tools Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030).
The expanding community of outdoor enthusiasts and recreational users is adopting survival tools. Hikers, campers, backpackers, and adventure seekers increasingly recognize the importance of being equipped with reliable tools when venturing into the great outdoors. High-quality survival gear has become increasingly popular due to the popularity of social media and online outdoor communities. As users share their experiences, recommendations, and survival stories, a ripple effect occurs, encouraging others to prioritize safety and preparedness in their outdoor pursuits.
Integrating technology into survival tools has played a pivotal role in driving their adoption. Modern consumers, accustomed to the conveniences offered by technology, are drawn to survival tools that incorporate advanced features such as GPS navigation, solar charging capabilities, and multifunctional electronic gadgets. Lightweight tents, emergency shelters, and compact sleeping bags protect from the elements, ensuring a comfortable and safe place to rest outdoors. Compasses, GPS devices, and maps assist in wayfinding, helping individuals navigate unfamiliar terrains and preventing them from getting lost.
The formation of outdoor adventure groups and communities in South Africa has become increasingly popular. Events focused on bushcraft and wilderness skills have gained popularity in South Africa. These gatherings bring together individuals interested in honing their outdoor skills, leading to increased interest in and demand for specialized survival tools in South Africa. South Africa has seen the rise of trail running and outdoor fitness groups. Due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Survival Tools Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $56.8 Thousands by 2030. The Argentina market is experiencing a CAGR of 8.6% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 7.7% during (2023 - 2030).
Based on Product Type, the market is segmented into Pocket Tools, First Aid Kit, Compass, and Others. Based on Application, the market is segmented into Hiking, Hunting & Fishing, Camping, and Others. Based on Distribution Channel, the market is segmented into Specialty Store, Supermarket/Hypermarket, Online store, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Survival Tools Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Exxel Outdoors, LLC, Johnson & Johnson, Honeywell International, Inc., Fiskars Group, The Coleman Company, Inc. (Newell Brands, Inc.), Fenix Outdoor International AG, Leatherman Tool Group, Inc., Specialty Knives & Tools (GSM Outdoors), Surefire, LLC, and L.L.Bean Inc.
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