New York, July 20, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Camping Equipment Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” – https: // www. reportlinker.com/p06106037/?utm_source=GNW
According to the sources, the implementation of the lockdown has been an opportunity for campers and future campers around the world. Considering leisure travelers in the North American region, the frequency of leisure travel taken by travelers has increased from 11% to 16% post-COVID-19. Thus, the market had a positive impact on the demand for camping equipment during the period.
Vendors introduce camping equipment that guarantees a higher level of safety and comfort in terms of size, weight and quality of the material. In addition, sellers have started to develop the type of insulation used in tents to protect consumers from extreme weather conditions.
A number of camping organizations and service providers are implementing camping programs aimed at different age groups with the aim of attracting new campers. For older generations, these programs often focus on the camping experience, while for younger generations, they offer adventure sports. In addition, with the growing awareness of environmental conservation, the demand for environmentally friendly camping equipment is on the rise. Thus, suppliers introduce environmentally friendly equipment to differentiate and expand their product lines. Such innovations in camping equipment may increase sales of camping equipment during the forecast period.
Key market trends
Growing participation in outdoor recreational activities
The increasing participation in outdoor recreational activities is an important factor that is boosting the growth prospects of this market, especially in regions like Europe, North America, and Asia-Pacific countries like Australia and New Zealand. Factors such as changes in lifestyle and attitudes, demographics, increased recreational spending, and the physical and mental benefits of outdoor recreation are leading consumers to engage in outdoor recreation. . Outdoor recreational activities also help maintain a good work-life balance. Camping is emerging as a popular recreational activity, with over 40.5 million people participating in camping activities in the United States in 2016. This includes people camping with cars and tents, as well as vehicles. recreational and camping in the backyard. About 21% and 18% of campers were aged 6 to 12 and 13 to 17, respectively, in camping activities. Young adult participants (18-24 years old) made up about 14% of all participants (according to data published by the Outdoor Foundation). In addition, according to data from the Outdoor Foundation, the frequency of purchasing or replacing camping tents is once every three years on average, and for sleeping bags, it is once every three years. the 2.9 years. For camping chairs, it’s once every 2.7 years in the United States.
North America has a significant market share
North America accounted for the largest share of the camping equipment market, with the United States being the largest market, followed by Canada and Mexico. According to the Outdoor Foundation, 40.5 million Americans, or 13.7% of the population over the age of 6, camped at least once in 2016. The percentage of campers who camp more than three times a year has increased by 64% since 2014. The increased number of consumers demonstrating their interest in camping further boosted spending on camping equipment. For example, according to data revealed by KOA, 47% of campers spent between $ 51 and $ 200 on camping gear in 2016. Additionally, the COVID-19 pandemic has triggered an increase in spending on outdoor recreation in the countries of North America. For example, according to Moneris, the country’s largest payment processor, retailers in the outdoor travel and sports and recreation sectors have seen a surge in spending, with people staying close to home and trying to make ends meet. more outdoor activities in 2020.supported by the fact that Ontarians purchased 47% more camping equipment in August 2020 than the previous year, which could help the industry grow over the past year forecast period.
The camping equipment market is competitive and the major players are focusing on innovating their offerings through the development and expansion of new products in order to expand their presence across the world and meet various consumer preferences. . 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 the strategies adopted, product innovation captured most of it and remained the preferred strategy of the main market players. Companies are geographically expanding their production lines and product portfolios, allowing them to gain a competitive advantage over other players. Another key factor in product innovation was technical progress.
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