The global camping equipment market is poised for substantial growth, with projections indicating a leap from USD 22.18 billion in 2022 to an estimated USD 43.25 billion by 2031, according to a Straits Research report. This surge, representing a compound annual growth rate (CAGR) of 7.7%, is fueled by a rising trend in outdoor activities and camping across North America, Europe, and Asia-Pacific regions.
According to the press release, the Asia-Pacific region is witnessing a distinct trend towards luxury camping, with Japan at the forefront. The nation has seen a steady rise in camping over the last seven years, with nearly 9 million people engaging in the activity. The popularity of glamping, or glamorous camping, signifies a move towards upscale camping experiences, with a marked increase in online purchases of camping equipment by individuals in their 30s and 40s.
North America leads this expansion with a 6.5% CAGR. The region has witnessed a significant uptick in camping frequency, especially among those who camp more than three times per year, a figure that has swelled by 64% since 2014.
In Europe, Germany emerges as dominant, steering the market with a keen interest in outdoor recreation and an increasing number of mini-camps. These mini-camps, often situated on farms, offer unique camping experiences, driving the demand for a range of camping equipment including tents, furniture, and cookware. This shift towards sustainability is evident in the growing demand for environmentally conscious camping gear, bolstered by the eco-friendly certification of numerous German campgrounds.
The global market dynamics are further shaped by the evolving consumer preferences towards eco-friendly camping solutions. Vendors are responding to this shift by broadening their product lines to include environmentally sustainable options, catering to a growing consciousness around environmental preservation. The demand for such products is expected to bolster market growth throughout the projection period.
Camping organizations and service providers are also playing a role in this expansion, by tailoring programs to cater to different age groups and emphasizing aspects such as adventure and sustainability.
The increasing popularity of camping, supported by clubs and associations that focus on engaging millennials and other demographics, is driving the demand for camping gear. Such organizations not only foster group camping excursions but also emphasize conservation and sustainability through various programs.
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To read the complete global camping equipment market report, visit Straits Research.