The camping tent market is on the rise and expects further growth for years to come. Across the globe, there is an uptick in the popularity of camping and the numbers are there to prove it.
In analyzing the industry, Data Bridge Market Research (DBMR) predicts the tent market’s future valuation and growth forecast. Despite the coronavirus pandemic, the camping tent market is expecting considerable growth. “Camping tent market will reach an estimated valuation of USD 2.30 billion by 2027,” the report reads. From 2020 to 2027, experts forecast the market will grow at a rate of 6.50%.
Factors Behind Market Growth Predictions
Several major factors contribute to the industry’s predicted growth. One of those reasons is that people are wanting to enjoy the outdoors more. “The increasing prevalence of open-air recreational pursuits amidst people to take a break from the restless lifestyle is the essential determinant propelling the growth of the business,” the report continues.
Customers are looking to be more active to prevent health issues. Camping presents an opportunity to get away from everyday life while also boosting activity levels. “Customers are displaying more health-conscious in acknowledgment of the expanding predominance of lifestyle complications that are generated due to the shortage of bodily exercises,” the report reads.
The Internet may also be a factor in market growth. The DBMR report explains, “The requirement for camping canopies is also inspired by the competitive publicity of several outdoor ventures by touring blogs and websites that encourage exploring and nesting at off-beat discovering.”
Segmenting the Camping Tent Market
Experts segment the camping tent market by several categories. Those categories include the basis of tent type, tent capacity, distribution channel and end use. Growth in each segment is important for determining growth in the overall market. DBMR segments the categories like this:
- Tent Type: tunnel tent, dome tent, geodesic tent, and others.
- Tent Capacity: one person, two persons, and three or more persons.
- Distribution Channel: specialty sporting goods stores, supermarkets and hypermarkets, online stores, and others.
- End Use: recreational activities, military and civil, and others.
Worldwide Market Growth
The United States isn’t the only country expecting booming market growth for camping tents. “Nations such as India and China are anticipated to see a tremendous development for the camping tent industry owed to enhanced assistance in outside recreational movements,” DBMR reports.
DBMR analyzes multiple factors in each country to forecast future trends. “Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries,” the report reads.