June 28, 2022 08:27 ET | Source: Vantage Market Research Vantage Market Research
WASHINGTON, June 28, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Camping Tent Market finds that increasing outing trends, rising outdoor spending on adventurous activities such as trekking, mountain climbing, & hiking, and increasing demand for convenient, & affordable accommodation have accelerated the maximum growth of the Camping Tent Market in upcoming days. However, time barriers and transportation costs are the major obstacles to the growth of the Camping Tent Market.
The Global Camping Tent Market revenue is expected to reach a value USD 4.7 Billion in the year 2028.
The Global Market revenue stood at a value USD 2.9 Billion in the year 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period; states Vantage Market Research, in a report, titled “Camping Tent Market Size, Share & Trends Analysis Report by Product (Tunnel, Dome, Geodesic), by Application (Commercial, Individual), by Distribution Channel (Offline, Online), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Camping is a great way to spend time with friends and reconnect with nature. The rising use of smartphones and the internet, which allows individuals to buy Camping Tent Markets quickly and at a discounted cost, is one of the primary drivers of the Camping Tent Market industry. In addition, governments are investing considerably not only in tourism but also in specific areas where adventure and spending time outdoors can be done affordably. Adventure tourism has seen tremendous expansion in recent years, particularly in Europe, North America, and the Asia Pacific, which is having a favorable impact on product demand. The Global Camping Tent Market is being driven by increased interest in outdoor activities, and it is predicted to continue to rise throughout the forecast period. Camping is typically done outside of a city when basic amenities such as electricity, internet, and other amenities are not readily available.
Lack of Robustness in Construction of Tents
Tents for camping may not be able to survive harsh weather conditions such as storms. These reasons are putting a damper on the growth of the Camping Tent Market. Production of high-quality Camping Tent Markets that can give shelter against all weather conditions is a trend in the Global Camping Tent Market industry. The expansion of the Camping Tent Market industry, however, will be hampered by significant pricing pressure on manufacturers and variations in raw material prices. The inability of Camping Tent Markets to withstand hazardous circumstances such as rain and storms would stymie the market's growth. The lack of a strong distribution network in rural areas, as well as the use of low-cost materials in manufacturing to cut costs, may further limit the Camping Tent Market's growth. However, in countries such as India, Indonesia, Brazil, and others, transportation and time constraints are limiting the growth of the Camping Tent Market business, forcing customers to choose from a limited number of tours and journeys.
Key Insights & Findings from the Report:
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Segmentation of the Global Camping Tent Market:
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The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms to restrict the effect of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Camping Tent Market industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
The Report on Camping Tent Market Highlights:
Browse market data Tables and Figures spread through 146 Pages and in-depth TOC on "Camping Tent Market Size, Share & Trends Analysis Report by Product (Tunnel, Dome, Geodesic), by Application (Commercial, Individual), by Distribution Channel (Offline, Online), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
Europe Anticipated Potential Market Growth
Europe has accounted for potential market growth of the Camping Tent Market industry in 2021. The significant growth in adventure tourism in countries such as Germany, Austria, Russia, Norway, France, Sweden, and the United Kingdom, is likely to propel the expansion of the Camping Tent Market in this region. In addition, large camping and adventure sports organizations are offering a variety of camping options, which in turn augmented the growth of the Camping Tent Market in this region.
List of Prominent Players in the Camping Tent Market:
March 2022: Camp Shores acquired Camp Vec to allow the new brand to deliver specific content in camping advice and tent reviews.
May 2017: Camping World Holdings, Inc., the nation’s largest network of RV-centric retail locations and the only provider of a comprehensive portfolio of services, protection plans, products, and resources for the outdoor enthusiast, announced the planned acquisition of certain assets of Gander Mountain Company and Overton’s, Inc.
Key questions answered in the report:
This market titled “Camping Tent Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
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