Published Date: 30-Jun-2022
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According to a new report, published by KBV research, The Global Camping Tent Market Market size is expected to reach $5.1 billion by 2028, rising at a market growth of 8.0% CAGR during the forecast period.
The Commercial segment has shown growth rate of 9.2% during (2022 - 2028). The rapidly rising growth of the segment is attributed to the growing number of corporate trips all over the world. In the modern era, various companies are focusing on building and enhancing their existing relationships with their employees and clients. As a result, the number of trips and adventure tours is increasing in the professional segment and the growth of this segment is bolstering.
The Tunnel segment acquired maximum revenue share in the Global Camping Tent Market Market by Type in 2021; thereby, achieving a market value of $2.47 billion by 2028. The growth of this segment is rapidly rising due to the fact that this type of Camping Tent Market is one of the lightest as well as easy to pitch. Due to the fact that these tents are easy to carry, more people are becoming inclined toward purchasing these tents. As a result of the growing popularity of tunnel tents among the young generation, the growth of this segment is accelerating.
The Supermarkets/Hypermarkets segment is showcasing a CAGR of 8.6% during (2022 - 2028). The surging growth of the segment is owing to the increasing number of supermarkets and hypermarkets all over the world. With the rising disposable income of people, the number of supermarkets and hypermarkets is rising in order to meet their demands. Due to the availability of various types of Camping Tent Markets in these kinds of stores, more customers are preferring supermarkets and hypermarkets. This factor is surging the growth of the segment.
The North America market dominated the Global Camping Tent Market Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.83 billion by 2028. The Europe market is estimated to witness a CAGR of 7.5% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/camping-tent-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Dometic Group AB, VF Corporation, Newell Brands, Inc., Johnson Outdoors, Inc., Oase Outdoors ApS, Hilleberg the Tentmaker, Inc., AMG Group Ltd., Big Agnes, Inc., Simex Outdoor International, and Exxel Outdoors, LLC.
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