The global Camping Stoves Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global camping stoves market size is anticipated to reach USD 671.7 million by the end of 2025, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 5.1% during the forecast period, 2019 to 2025. This growth is attributed to increasing rate of camping activities coupled with rising demand for camping equipment such as tent, backpacks, and camping stoves across the global market. Moreover, this product is easy to use and is lightweight. It helps in cooking the food with less time, thereby, making it suitable for short weekend trips.
Key Players:
- Johnson Outdoors Inc.
- Coleman Company, Inc.
- BioLite Inc.
- CampChef
- Katadyn Products Inc.
- Ecozoom
- Primus
- Vango
- Zhejiang Deermaple Outdoor Products co Ltd
- Cascade Designs, Inc.
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Growth Drivers:
Rising consumer expenditure on outdoor activities and rising number of recreational activities such as camping and adventure tours are the factors anticipated to play a major role in driving the market growth. Moreover, governments of different nations are spending money to promote various outdoor tourism businesses. This is expected to further propel the demand for camping stoves in the forthcoming years.
According to one of the reports, majority of the population in U.S. participated in camping activities including children. The data suggested that the rate of camping in U.S. increased by 13.6% in the year (2015-2016). Therefore, users are largely spending on camping equipment including camping stoves. Expenditure of adult participants on camping equipment accounted for USD 546.41, in 2016. Moreover, a report by the ‘North America Camping Report’ suggested that 77 million households in U.S. camp at least once a year. These factors are expected to fuel the market growth over the forecast period.
Distribution Channel Outlook:
- Online
- Offline
The segment of online distribution channel is projected to grow at the fastest CAGR of 5.6% over the forecast period. Rising penetration of e-commerce platforms and internet owing to features such as lucrative offers and discounts, doorstep delivery services, improved accessibility, easy payment options, and hassle free return policy are expected to drive the segment’s growth. Moreover, leading companies are putting their efforts to launch their products offline as well as online platforms to enhance their consumer reach and distribution network. In addition, e-commerce platforms are analyzing useful data to provide lucrative offers to their loyal customers and frequent buyers. All these factors are projected to propel the segment’s growth from 2019 to 2025.
Product Outlook:
- Wood Burning
- Multi-fuel
Regional Outlook:
In 2018, North America held the largest market share of 48.7% across the global camping stoves market. This growth is attributed to rising rate of camping activities in this region owing to hectic lifestyles and frustrating schedules. One-third population in U.S. and Canada tend to spend on premium camping gears owing to their lightweight features and easy usage. Moreover, rising number of camping service providers in this region coupled with presence of pleasing campsites are the factors anticipated to propel the market growth in this region.
Asia Pacific is projected to register the fastest growth with a CAGR of 6.4% over the forecast period. Rising participation and interest of millennial in outdoor recreational activities coupled with increasing consumer expenditure in countries such as India and China are expected to drive the regional demand. In addition, rising demand for camping stoves to quickly cook the food at camping sites is expected to propel the regional market growth from 2019 to 2025.
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