NWL - Global Camping Equipment Market Size is Estimated to Reach USD 43.25 billion by 2031 Growing at a CAGR of 7.7%: Straits Research | Benzinga
New York, United States, March 04, 2024 (GLOBE NEWSWIRE) -- Many camping organizations and service providers offer programs geared toward different age groups to attract new campers. For older generations, these programs frequently emphasize the camping experience, while younger generations emphasize adventure activities. In addition, as environmental preservation consciousness increases, so does the desire for eco-friendly camping gear. Therefore, vendors are providing environmentally friendly equipment to differentiate and increase their product lines. This camping equipment innovation will improve camping equipment sales during the projection period.
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Number of Clubs and Associations Supporting Camping to Drive the Global Camping Equipment Market
According to Straits Research, "The global camping equipment market revenue was valued at USD 22.18 billion in 2022, and it is estimated to reach an expected value of USD 43.25 billion by 2031, at a CAGR of 7.7% during the forecast period (2022-2031)." Increasing numbers of camping-supporting clubs and organizations are driving an increase in the frequency of camping among youth and adults. The increase in the number of participants serves the studied market extensively. One of the major market drivers is the increasing number of camping clubs and associations that engage with millennials who demonstrate a passion for recreational activities. These clubs recruit members to form camping groups, and subsequent trip planning increases consumer demand for camping gear.
Several organizations have also made efforts to engage children in camping to develop their entire personalities. Recent opinion research by the American Camp Association (ACA) revealed that parents view fun and safety as the two most important aspects of the camp experience. The camping clubs and associations also provide candidates with various recreational and sustainable living programs that facilitate a deeper connection with nature. Family Campers, for instance, offers numerous programs, such as Conservation, Wildlife, Campers Actively Moving Program (CAMP), and Disaster Awareness and Safety Training. There are annual Family Campers & RVers International Campventions, regional campouts, state/province campouts, and numerous other family campouts.
Growing Tourism and Leisure Travelling to Provide Opportunities for the Global Camping Equipment Market
There has been a significant rise in the number of travelers and tourists embarking on trips for leisure and recreation, with a sizeable proportion of these individuals aiming to reach camping destinations. 56% of international inbound travelers in 2018 traveled for leisure or to participate in recreational activities, according to UNWTO statistics. Social activism and the willingness to explore the earth and nature are observed ...