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Camping Equipment Market to Witness CAGR of 7% (2022-2028) Due to Better Product Offering and Growing Camping Activities| UnivDatos Market Insights
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According to the National Caravan Council (NCC), the U.K. camping industry 'is at the forefront of U.K. Tourism. The majority of businesses in the industry are SMEs or micro-enterprises, usually independently owned and managed as a family concern. Similarly, It has been witnessed across the world that individuals are now focusing on outdoor activities such as camping that require minimal travel, are more cost-effective, and benefits individuals' mental and physical health. Therefore, with growing participation of individuals in outdoor recreational activities has resulted in the growth of the camping equipment and supplies demand across the world.
Some of the major players operating in the market include Johnson Outdoor Inc., Nemo Equipment Inc., Newell Brands , Big Agnes Inc., Oase Outdoors ApS, AMG Group, Exxel Outdoors, mont-bell Co. Ltd. Nordisk Company AS, and ADL-Tent Ltd.
The ongoing COVID-19 pandemic across the world has had a tremendous impact on different spectra of society, the market for camping equipment no less. Returning to some likeness of normalcy depends on continued safety measures, effective diagnostic testing, and widespread vaccination. COVID-19 has caused widely documented supply chain and logistics disruptions across industries, including those in the camping equipment industry, which have been exacerbated during the latter portion of fiscal 2021. However, as stay-at-home restrictions were lifted in many parts of the world by the 2 -3 quarter of 2020, the major industry players across North America and Europe saw an increase in demand for many of its outdoor recreational and camping products later during fiscal 2020 as consumers took advantage of being outdoors. As a result, the camping industry experienced strong demand in the latter half of fiscal 2020.
The global Camping Equipment market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
North America leads the market in 2021. This is mainly due to the rising popularity of camping among the millennials, as camping is proven to have an impact on reducing stress and contributes to emotional and physical health. Furthermore, as per the North American Camping Report by KOA, Millennials and Gen Xers make up three-quarters of all campers, with Millennials alone accounting for 40%.
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the The major players have been analyzed by using research methodologies for getting insight views on global competition.
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