Camping Tent Market Set to Witness an Uptick during 2019 to 2025Posted by Mrudula Karmarkar on January 5th, 2022 The global camping tent marketsize is expected to reach USD 3.28 billion by 2025 registering a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Increasing popularity of recreational activities including camping, hunting, sports, trekking, and hiking is the key factor driving the market. Moreover, growing popularity of adventure travel in developed countries, such as U.S., Canada, Germany, France, Sweden, Austria, Russia, Norway, and U.K., has boosted the demand for camping tents. Major manufacturers including Hilleberg, AMG GROUP, Newell Brand s, and The North Face are focusing on product development, which, in turn, will boost the market growth. For instance, in February 2018, Mountain Hardwear, a U.S.-based company, launched tunnel tent under the brand name ‘Pathfinder’. The product is suitable for two to three person occupancy and is made of high-quality fabric, which can withstand extreme weather conditions. Europe was the largest regional segment in 2018. It is projected to expand further retaining its leading position throughout the forecast years. North America is also likely to witness a significant growth in future. Major companies in these two regions are focusing on product launch, R&D, and M&A activities to cater to the increasing demand for advanced products, thereby fueling the growth of the regional markets. For instance, in March 2019, The North Face launched ‘Geodome’. The product can withstand 60 mph winds. Camping tents are portable and easy to use, which makes them an important kit for outdoor activities. In addition, many governments across the globe are promoting adventurous sports tourism, such as camping, which is also contributing to the market growth. According to a report published by Physical Activity Council (PAC) in April 2017, the U.S. witnessed 11 billion outdoor outings in the year 2016. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/camping-tent-market/request/rs1 Over the past few years, adventure tourism has witnessed significant growth, especially in Europe, North America, and Asia Pacific regions, which is also having a positive impact on the product demand. According to “2018 Travel Trends Report” published by Adventure Travel Trade Association (ATTA), the adventure travel market has witnessed growth at a CAGR of 21% from 2012 to 2017. Camping Tent Market Report Highlights
The market is slightly fragmented in nature. Some of the key industry participants include AMG GROUP, Hilleberg, Johnson Outdoors, The North Face, Newell Brands, Oase Outdoors, Simex Outdoor International, The Coleman Company, Big Agnes, Exxel Outdoors, and Kampa. These companies invest in R&D for the development of innovative fabric materials and latest technologies. Furthermore, they have undertaken several market strategies including celebrity endorsement, distribution channel expansion, and merger & acquisition to gain a larger customer base. For instance, in January 2016, Sweden-based Fjällräven launched 16 models of upgraded tent, which are stronger and lighter than the earlier versions. Moreover, the fabric doesn’t contain Fluorocarbons (PFCs), which makes it an eco-friendly product. Grand View Research has segmented the global camping tent market on the basis of product, application, distribution channel: Camping Tent Product Outlook (Revenue, USD Million, 2015 - 2025)
Camping Tent Application Outlook (Revenue, USD Million, 2015 - 2025)
Camping Tent Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author
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