According to the latest market research study released by Technavio, the camping equipment market in the US is expected to grow at a CAGR of more than 4% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Click here to request a free sample of this report
Technavio research analysts categorize the camping equipment market in the US based on product type:
Camping equipment market in the US share by product type 2015
|
Tents |
49.37% |
|
Backpacks |
22.77% |
|
Sleeping Bags |
19.63% |
|
Others |
8.23% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
Camping tents market in the US
The camping tents market in the US was valued at about $436 million in 2015 and is expected to growth at a CAGR of around 4% by 2020. The introduction of ultra-lightweight tents and instant tents will lead to the rising demand for these products in the US market. The several advancements in campsites and introduction of additional value-added facilities like children’s play area, golf courses, spas, will prompt vendors to focus on innovative technologies and designs to meet the requirements of the consumers. The different types of tents available in the market include tunnel, dome, and A-shaped tents. The manufacturers are offering products with modern designs that includes aesthetic appeal, shape, set-up, roominess, and increased privacy.
“The rising demand for tunnel-shaped tents that are lightweight will help in the growth of the market. Vendors are launching single-wall tents due to its structure and reduced weight to meet the consumer requirement. The companies use different materials like aluminum, carbon fiber, fiberglass, and steel for making tent poles to improve the quality of the product and to sustain the competition. Manufacturers are introducing well-insulated camping tents which helps reduce temperature fluctuation. The vendors are adding extra features like attachments, storage extension, and interior carpets to attract more consumers. Such technological advancements and innovative designs will lead to the development of the market,” says Mantri Charan Kumar, a lead analyst at Technavio for research on outdoor gear.
Camping backpacks market in the US
The camping backpacks market in the US was valued at more than $380 million in 2015 and is expected to growth at a CAGR of over 3% by 2020. The introduction of customized backpacks and advances in technology will promote the growth of this market segment. Vendors are introducing backpacks manufactured with recycled materials and fabrics to meet the increasing demand for eco-friendly products. The companies are launching products with improved features that include adjustable torso length, stabilizing straps, 3D molded hip belt, and reduced weight of the backpack to improve their sales and generate more revenues. For instance, EcoGear launched the Water Dog Hydration Pack which is made of polyvinyl chloride (PVC)-free and toxin-free recycled materials that come with a Bisphenol A (BPA)-free water bladder.
Camping sleeping bags market in the US
The camping sleeping bags market in the US was valued at around $303 million in 2015 and is expected to growth at a CAGR of more than 4% by 2020. The launch of new spoon-shaped sleeping bags that have sufficient space to allow its users to bend their knees and shift comfortably while sleeping, will lead to the growth of this market segment during the forecast period. The companies are focusing on volume and competitive price to market their products to ensure profitability. The advent of various products with innovative designs and additional functionality will help in the overall growth of the market in the coming years.
The top leading vendors operating in the camping equipment market in the US are:
- Johnson Outdoors
- NEMO Equipment
- Newell Brands
- VF Corporation
Other prominent vendors in the market include Big Agnes, Columbia Sportswear, Equinox, Exxel Outdoors, and Sierra Designs.
A more detailed analysis is available in the Technavio report titled, ‘Camping Equipment Market in the US 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Camping Equipment Market 2016-2020
- Global Tennis Equipment Market 2016-2020
- Hard Adventure Equipment Market in the US 2015-2019
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
