USD 3.1 billion
Report ID:
SQMIG25M2034 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
88
|Figures:
76
Camping Tent Market size was valued at USD 3.1 billion in 2019 and is poised to grow from USD 3.37 billion in 2023 to USD 7.9 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
Extreme sports and outdoor recreation are anticipated to grow in prominence, propelling the market. Thus, the rise in spending on outdoor activities like hiking, trekking, and mountain climbing has fuelled the demand for simple, convenient, and inexpensive lodging tents that can survive severe weather like storms and snowfall. Camping tents are a necessary piece of equipment for outdoor activities because they are portable and simple to use. Additionally, numerous governments throughout the world are supporting tourism for adventurous sports, like camping, which is also assisting in the expansion of the industry.
Adventure tourism has had tremendous expansion in recent years, particularly in the regions of Europe, North America, and Asia Pacific, which is also benefiting the product demand. To meet the growing demand for cutting-edge products, major corporations in these two regions are concentrating on product launches, R&D, and M&A activities, which is boosting the development of the regional markets.
Participants typically venture outside of their comfort zones to enjoy time in more natural settings. Camping, trekking, and climbing all require a variety of equipment. Additionally, hiking, walking, or jogging are excellent forms of cardio exercise. As camping and associated activities help in easing mind and body tensions, it is gaining traction in several countries all over the world.
US Camping Tent Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.1 billion
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
8.8% CAGR
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Camping Tent Market is segmented on the basis of product, distribution channel, application, and region. By product, the market is segmented into tunnel, dome, and geodesic. By distribution channel, the market is categorized into online and offline. By application, the market is bifurcated into commercial and individual. By region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Camping Tent Market Analysis by Product
By product, the tunnel segment accounted for the largest market share in 2022 and is set to continue its dominance throughout the forecast period. Several features of tunnel tents like high protection from harsh water, withstanding high speed winds, and a perfect choice for group outings are the major factors projected to drive the growth of the segment. In addition, increasing focus of manufacturers to create and offer innovative and more comfortable products around the world is also contributing to the segment growth.
Camping Tent Market Analysis by Distribution Channel
By distribution channel, the offline segment held the largest market and accounted for a significant market share in 2022. Increasing number of offline store chains, easy availability of products, and capacity to hold variety of brands under a single roof in supermarkets and hypermarkets are the key factors driving the segment growth. For instance, in May 2019, the North Face launched its new store in Newark, Delaware, the United States, which is the second store of the company in the city and the company is further planning to increase the number of stores in the near future.
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Globally, North America dominated the camping tent market in 2022 with a holding of significant market share owing to the surge in consumer disposable income, rising awareness among youngsters regarding adventures activities, and easy availability of camping products in the region. In addition, increasing number of camping campaigns and presence of large market players such as Johnson Outdoor Inc. and Nemo Equipment Inc. is likely to be another major factor fostering the regional market over the coming years. For instance, according to Outdoor Foundation, nearly 40.5 million people or 13.7% of adult population in America have dome camping at least once. And, since 2014, the number of campers has increased by 64 percent, who use to go more than 3 times in a year.
Furthermore, Asia Pacific is likely to have a highest CAGR during the forecast period. Development in the tourism sector and expanding tourist interest towards developing nations including India, China, and Indonesia are projected to drive the growth of the market in the region. Additionally, high population in the countries like China and India has more disposable money, which is anticipated to grow up the expenditure on leisure activities, which is expected to boost the demand for camping tents in the region over the coming years.
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Camping Tent Market Drivers
Rise in leisure activities and online stores to push the market demand
Camping Tent Market Restraints
Significant costs of equipment to limit the adoption
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global camping tent market report analysis, the global market is expecting a significant growth during the forecast period owing to increasing number of tourists, rising per capita income, easy availability of camping products, and several types of benefits associated with outdoor activities. In addition, the rise in number of campaigns and programs by different government bodies especially from emerging economies are further contributing to the global demand for camping tents. However, some issues such as running out of water, unfamiliarity with snow camping, and gear breaking are expected to hamper the growth of market for camping tent in the near future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.1 billion |
Market size value in 2031 | USD 7.9 billion |
Growth Rate | 8.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Camping Tent Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Camping Tent Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Camping Tent Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Camping Tent Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
The camping tent market is expected to grow at a compound annual growth rate of 6.3% from 2019 to 2025 to reach USD 3.28 billion by 2025.
The three most common types of fabric used in the making of a Camping Tent are Cotton, Polyester, and Polycotton.
Camping Tent Market size was valued at USD 3.1 billion in 2019 and is poised to grow from USD 3.37 billion in 2023 to USD 7.9 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).
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Report ID: SQMIG25M2034
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