In terms of revenue, the Global Camping Tent Market is expected to reach USD 4.7 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.30% from 2022 to 2028.
The growing popularity of outdoor recreational activities and increasing demand for physical activities is anticipated to augment the growth of the market during the forecast period.
Key Highlights from Report:
- The Tunnel Tents sub- segment held a significant share in 2021. These tents provide excellent protection from harsh weather can withstand high-speed winds and are mainly preferred for group outings. Manufacturers are providing innovative products made of high-strength fabrics. The product is luxuriously long with strong support and high-quality fabric that can withstand extreme weather conditions. Therefore, this segment is anticipated to grow during the forecast period.
- The social media platforms segment is projected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the availability of various social media platforms, which include Facebook, Instagram, and YouTube influencing consumer preferences.Among the Distribution Channel segment, the Online Channels sub- segment held a significant share in 2021. An increasing number of internet and smartphone users, especially in developing countries like India, China, Indonesia, and Vietnam, are anticipated to drive the growth of online channels. Moreover, companies that include Hilleberg are launching their exclusive websites and online portals where customers can buy genuine products.
- Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the rapid growth in adventure tourism in countries which include Germany, Austria, Russia, Norway, France, Sweden, and the United Kingdom in the region. In addition, major camping and adventure sports organizers are providing numerous camping sites in the region. This further fuels the adventure tourism sector, therefore increasing the product demand. In addition, the market in this region is anticipated to witness the fastest Compound Annual Growth Rate (CAGR) during the forecast period due to emerging countries in the region providing enormous growth opportunities for the market.
The growing popularity of outdoor recreational activities is anticipated to augment the growth of the Camping Tent Market in the years to come. Consumers are becoming more health aware in response to the increasing iniquitousness of lifestyle diseases that are produced due to an insufficiency of physical activities. Furthermore, the demand for Camping Tent is also driven by the aggressive promotion of numerous outdoor activities throughout travel blogs and websites that boost traveling and camping at off-beat locations. Meanwhile, vendors and manufacturers are focusing on generating useful Camping Tent that serve the assorted demands of the consumer.
The features which include fire and water-resistance and compact designs, along with inflatable and light-weight variants have also enhanced the product demand among consumers. In addition to the easy accessibility of Camping Tent throughout organized distribution channels, such as specialty sporting goods stores, supermarkets, hypermarkets, online stores, etc., are further driving the market growth. The increasing popularity of outdoor activities is the key component that is expected to propel the growth of the market. Also, various governments worldwide are stimulating adventurous sports tourism, such as camping, which therefore has a positive impact on the growth of the market.
Europe held the largest shares in 2021. This is attributable to the increasing popularity of outdoor recreational activities among individuals to de-stress from the hectic lifestyle in the region. Furthermore, the increasing spending on adventuresome sports, which include trekking, hiking, and mountain climbing, is also anticipated to propel the demand for Camping Tent in this region.