Global Camping Equipment Market - Growth, Trends, COVID-19 Impact, and ForecastsPosted by Statzy Market Research on April 3rd, 2021 The situation of COVID-19 had a positive impact on the market growth, as recreationists spent the 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 America 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. Camping is becoming a popular recreational activity, with more than 40 million people partaking in camping activities in the United States each year. This includes people camping with cars and tents, as well as recreational vehicles and backyard camping. Approximately 26% of campers (10.66 million participants) were children and adolescents, aged between 6 and 17 years. Young adult participants (18-24 years) made up about 11.2% of all participants (as per the data published by Outdoor Foundation). Moreover, as per Outdoor Foundation data, the frequency of purchasing or replacing camping tents is once every three years, on average, and for sleeping bags is once in 2.9 years, and camping chairs is once in 2.7 years in the United States. For more sample reports please visit :- https://www.statzyreports.com/report/sr497006/global-camping-equipment-market North America Holds Major Share In The Market Therefore, the increased number of consumers demonstrating their interest in camping has further propelled the spending on camping equipment. For example, as per the data revealed by KOA 47% of campers spent between USD51 and USD200 on camping equipment in 2016. Moreover, the COVID-19 pandemic has triggered an increased spending on the outdoor recreations across the North American countries. For example, as per Moneris, the country’s largest payment processing company, retailers in the outdoor travel and sports and recreation sectors witnessed a big boost in spending as people stayed close to home and tried to do more open-air activities during 2020. This is supported by the fact that Ontarians bought 47% more camping gear in August than that same month in 2019, thus contributing towards the industry growth during the forecast period. Ltd.​ In terms of share of the strategies adopted, product innovation captured major share and remained the most preferred strategy adopted by the leading market players. Companies are expanding their production lines and their product portfolios, geographically, which helps them to gain a competitive advantages over other players. Technical advancement was another key factor in product innovation. For instance: ​ In December 2020, Vango, a brad of AMG, launched a new innovative inflation technology. The S.I. Pro technology will feature in Vango’s new 2021 Anantara III Air TC 650XL tent, alongside a range of caravan awnings, including the Riviera 420. The new technology is aimed at making pitching easier for campers and caravanners. For sample report please visit : https://www.statzyreports.com/report/sr497006/global-camping-equipment-market Contact Us: Like it? Share it!More by this author |