Portland, OR, Nov. 17, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global camping utensils market garnered $2.6 billion in 2021, and is estimated to generate $4.6 billion by 2031, manifesting a CAGR of 6.0% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
|Market Size in 2021||$2.6 billion|
|Market Size in 2031||$4.6 billion|
|No. of Pages in Report||238|
|Segments covered||Application, Distribution Channel, and Region.|
|Drivers||Increase in inclination of North American people towards camping|
|Changes in lifestyle and unstable work-life balance|
|Opportunities||Increase in the number of recreational activities among enthusiasts|
|Availability of camping equipment through online platform|
|Restraints||Transportation and time barriers|
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global camping utensils market, owing to implementation of global lockdown and stringent travel restrictions.
- The loss of supply chains and distribution channels in the initial months of the pandemic had caused small losses for the market; however, these losses were recovered in the later phases.
- Influence of COVID-19 hindered the sales of camping utensils since supply chain activities were interrupted, and the requirement for camping products were not essential during the pandemic crisis in 2020. The demand for camping equipment and utensils declined in 2020 as compared to 2019.
- However, according to the report by The North American Camping Report 2021, distribution of COVID-19 vaccine has impacted the camping trend in 2021 positively among the campers all across the globe.
The research provides detailed segmentation of the global camping utensils market based on application, distribution channel, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.
Based on application, the personal segment accounted for the highest share in 2021, contributing to nearly three-fifths of the global camping utensils market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the commercial segment is expected to manifest the highest CAGR of 6.3% from 2022 to 2031.
Based on distribution channel, the business-to-business segment accounted for the highest share in 2021, holding nearly one-third of the global camping utensils market, and is expected to continue its leadership status during the forecast period. However, the online retailers segment is estimated to grow at the highest CAGR of 6.6% during the forecast period.
Based on region, North America held the largest share in 2021, contributing to more than two-fifths of the global camping utensils market share, and is projected to maintain its dominant share in terms of revenue in 2031. However, the Asia-Pacific region is expected to manifest the fastest CAGR of 7.2% during the forecast period. The research also analyzes regions including Europe and LAMEA.
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Leading market players of the global camping utensils market analyzed in the research include Amg-Group, Big Agnes, Inc, Dometic Group Ab, Exxel Outdoors, LLC, Hilleberg The Tentmaker Ab, Johnson Outdoors, Newell Brands, Oase Outdoors Aps, Simex Outdoor International Gmbh, and VF Corporation.
The report provides a detailed analysis of these key players of the global camping utensils market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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