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, according to an announcement from market-research company ReportsnReports.com.
Apart from price, design, and quality, consumers look for the sustainability of products. The analysts forecast global camping equipment market to grow at a combined average growth rate of 4.45% during the period 2016-2020.
The complete, 79-page report on the global camping equipment market, analyzing four 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.
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 U.S., a key market for outdoor camping, witnessed the number of campers grow above 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 “Global Camping Equipment Market 2016-2020” report 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.
According to the report, 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.