London, 29 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the hard adventure equipment market in the US 2015-2019, which is predicted to grow at a CAGR of 3.91% during the forecast period of 2015-2019.
The hard adventure equipment market in the US is growing steadily due to the rise in the interest in adventure activities such as trekking, climbing, and caving. The rise in disposable income is encouraging individuals to explore new forms of vacationing, which is accelerating growth for hard adventure. This growth in turn fuels the demand for hard adventure gear, in addition to the replacement demand from existing professional adventurers.
“Many organizers of activities such as trekking and climbing are adopting online platforms to promote their campsites and encourage registration,” says Faisal Ghaus, Vice President of Technavio.
“There are now mobile apps that allow consumers to browse the location of caravan parks online. These platforms also enable tourists to purchase equipment for trekking, climbing, and caving.”
Key Market Drivers
- Strong Distribution Network
- Rise in Hard Adventure Tourism
- Increased Disposable Income
- Replacement of Old Equipment
Key Market Trends
- Increase in Online Retailing
- Advances in Technology
- Growing Number of Single-Person Households
Key Market Vendors
- Black Diamond Inc.
- Jarden Corp.
- Seattle Manufacturing Corp. (SMC)
- VF Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
