3:10 PM The changing dynamics Camping Equipment Market with covid-19 impact assessment |
| The terrifying stages of development withinside the upheld mechanical mission region thinking about the tangling look of the COVID-19 hassle have given diverse essential and minor shivers to endeavors of all sizes which fuse Camping Equipment Market
It are becoming depicted transferring early than this bewildering automobile Camping Equipment Market will seem at CAGR of 4.five% in the course of the take a look at time span. Notwithstanding, the standard losing down of endeavors will essentially make limits near the begin overdue surveyed development rate.
Camping Equipment Market Insights
Camping equipment market is likely to witness an impressive CAGR of 5.8% during the forecast period. Growing participation of people in various outdoor recreational activities backed by the rapidly changing lifestyle, and growing clubs and associations supporting camping, are the prime factors contributing to the demand for camping equipment. Aging population and early retirement are also one of the key factors driving the growth of the market as early retirement gives people more time for outdoor recreational activities. Further, growing penetration of a wide selection of budget-friendly recreational vehicles is impacting the growth of the camping equipment market.
Market Share Analysis
Camping Equipment Market Share: By Product Type
Based on the product type, the market is segmented as camping furniture, camping backpacks, tents, cooking systems and cookware, and camping gear and accessories. The tent segment held the largest share of the market in 2020, and is expected to register the fastest growth during the forecast period. New development of ultra-lightweight tents and instant tents along with the increasing number of people participating in camping activities is the key factor behind the dominance of the segment in the market.
Camping Equipment Market Share: By Distribution Channel Type
Based on the distribution channel type, the camping equipment market is segmented as online retail channel and offline retail channel. The offline retail segment held the larger share of the market in 2020, whereas the online retail segment is expected to register faster growth during the forecast period. The dominance of the offline segment is mainly due to an increasing number of sporting goods stores, supermarkets and hypermarkets offering more options for consumers to make a perfect purchase decision.
Camping Equipment Market Share: By Region
In terms of regions, Europe is estimated to be the largest market for camping equipment during the forecast period, with Germany, France, the UK, and Russia being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the people in Europe who tend to accept early retirement, and the aging population, which is more focused on outdoor activities. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Attachments: Image 1 |
|
|
| Total comments: 0 | |