Camping Equipment Market to Grow at 4.45% CAGR to 2020
PUNE, India, August 31, 2016 /PRNewswire/ --
The global camping equipment market 2016-2020 report says a trend of rising demand for eco-friendly camping equipment will boost market growth as growing awareness about environment preservation is increasing the demand for eco-friendly raw materials in camping equipment. Apart from price, design, and quality, consumers look for the sustainability of products. The Salt Creek 2 by Big Agnes is an eco-friendly product, with the tent, fly, and floor made with 100% recycled materials. The fly and floor are made waterproof with a solvent-free polyurethane coating. The analysts forecast global camping equipment market to grow at a CAGR of 4.45% during the period 2016-2020.
Complete report on camping equipment market spread across 79 pages, analyzing 4 major companies and providing 37 data exhibits is now available at http://www.reportsnreports.com/reports/664496-global-camping-equipment-market-2016-2020.html.
By 2020, the tents segment will account for almost 35% of the overall market share to become the dominant shareholder in the global camping equipment market. From traditional designs, tent designs have evolved in terms of aesthetic appeal, shape, set-up, roominess, and privacy offered. For instance, the Vango Inspire 600 Airbeam is one such innovative design that provides multiple bedroom options. The projected increase in the demand for ultra-lightweight tents and instant tents is anticipated to drive the growth of the global camping tents market during the forecast period.
According to the 2016 camping equipment market report, a key growth driver is the increasing participation in outdoor recreational activities. As a result of the increasingly fast-paced and hectic lifestyle followed by the global population, consumers are opting for numerous ways to get de-stressed. Owing to such needs, the demand for leisure activities and outdoor sports is on the rise. An increase in disposable income, which has been observed worldwide, will also aid in meeting this demand, as consumers now can afford expensive camping equipment and prefer to use premium products. An escalation in recreational expenditures is expected over the next five years, which will enhance the popularity of leisure activities and outdoor sports even more.
The US, a key market for outdoor camping, witnessed the number of campers grow over 45 million in 2015. Innovations and advances in camping equipment manufacturing coupled with the need to replace old equipment on account of excessive wear and tear are other key factors accelerating the growth of camping equipment market.
The following companies are the key players in the global camping equipment market: Johnson Outdoors, NEMO Equipment, Newell Brands, and Oase Outdoors. Other prominent vendors in the market are: AMG Group, Big Agnes, Force Ten, Hilleberg, Kelty, MontBell, Paddy Pallin, Sierra Designs, Skandika, Snugpak, The Camping Equipment, and VFC. Order a copy of Global Camping Equipment Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=664496.
Global Camping Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The camping equipment market report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report has taken into consideration the revenue generated from the retail sales of camping equipment to individual consumers, as well as associations and adventure clubs.
Another related report is Global Sports Fishing Equipment Market 2016-2020, one of the key drivers for market growth will be increasing number of participants in sports fishing. Fishing has become a popular recreational activity across the globe. The US is one of the key leading countries when it comes to sports fishing. In 2015, the total number of anglers rose to 55.75 million from 55.46 million in 2013. Since the sports fishing market is expanding, the number of licenses sold each year is also on the rise. Browse complete report @ http://www.reportsnreports.com/reports/664489-global-sports-fishing-equipment-market-2016-2020.html.
Explore other new reports on Travel & Hospitality Market @ http://www.reportsnreports.com/market-research/hospitality/.
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