Camping and Hiking Equipment Market - Overview
Camping and hiking equipment is the equipment taken on outdoor walking trips, day-tripping, recreational activities, picnicking, and other outdoor activities. Camping and hiking is an outdoor activity involving overnight stays or a day out. Camping and hiking equipment are available in different materials, size, designs, temperature ratings, and other parameters. Changing socio-economic factors such as the average monthly income of households has increased over the years. The growing technological advancements and new advanced products introduced by camping and hiking equipment companies are expected to see strong demand from end-users. For instance, ultra-light wicking fabrics, and titanium cookware are the new innovations by camping and hiking equipment manufacturers. In addition, the global camping and hiking equipment market sees demand for eco-friendly camping and hiking equipment which is expected to create huge opportunity over the forecast period. However, there is intense competition for camping and hiking equipment from the unorganized sector. Various local manufacturers are continuously involved in production of low quality products at cheaper price. This factor is expected to hinder the growth of the market in the organized sector during the forecast period.
Camping and Hiking Equipment Market – Segmentation
The global camping and hiking equipment market can be segmented based on product type, end-use, distribution channel, and geography. Based on product type, the camping and hiking equipment market can be classified into apparel, equipment and gear, footwear. Apparel can be further sub segmented into jackets, track pants, tee-shirts, hoodies, and others. Based on equipment and gear, the camping and hiking equipment market is sub segmented into tents, backpacks, air mats, sleeping bags, kitchen equipment, bottles, lights, and others. On the basis end use, the camping and hiking equipment market is classified into men, women, and kids. In terms of distribution channel, the market is segmented into online and offline. The offline segment is further segmented into supermarkets/ hypermarkets, specialty stores, multi brand stores, and others. The online distribution channel is expected to show rapid growth in the coming years due to technological advancements and rise in smartphone usage among the population. On the basis of geography, the global camping and hiking equipment market is classified into Asia Pacific (India, China, and Japan), Europe (U.K, France, and Germany), Middle East & Africa (GCC and South Africa), North America (U.S and Canada), and South America (Brazil).
North America is anticipated to hold major share in the camping and hiking equipment market. This is primarily due to the presence of key industry players and relatively faster adoption of camping and hiking equipment. The markets in Europe and Asia Pacific are expected to grow at the fastest rate during the forecast period. Growing participation in outdoor recreational activities is the key factor which is expected to accelerate the camping and hiking equipment market across the world over a period of time. Furthermore, it is anticipated that the adoption of camping and hiking equipment in Asia Pacific would rise in the near future. The markets in South America and Middle East & Africa are expected to witness slower growth as compared to other regions during the forecast period.
Camping and Hiking Equipment Market - Key Players
Major players operating in the global camping and hiking equipment market include AMG Group, Big Agnes, Force Ten, Hilleberg, Jarden, Johnson Outdoors, Kelty, MontBell, NEMO, Oase Outdoors, Paddy Pallin, Sierra Designs, Columbia Sportswear, VF Corporation, Equinox, Newell Brands, Recreational Equipment Inc, Exxel Outdoors, The Camping Equipment Company, Patagonia, and others. As existing players are already leading the camping and hiking equipment market, new entrants will need to show some USP in their offerings which will help them to mark their strong presence in the market.
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