NEW YORK, Nov. 26, 2023 /PRNewswire/ — The camping sleeping bags market is estimated to grow by USD 616.97 million from 2022 to 2027, growing at a CAGR of 6.45%. The camping sleeping bags market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer camping sleeping bags market are Alpkit Ltd., Alps Brands, AMG Group Ltd., Big Agnes Inc., C and S Holmes Inc., Chanodug Outdoor, Columbia Sportswear Co., Exxel Outdoors LLC, Frasers Group plc, Go Time Gear, Hyke and Byke, Johnson Outdoors Inc., MalloMe, NEMO Equipment Inc., Newell Brands Inc., Oase Outdoors ApS, Snugpak Ltd., Topgolf Callaway Brands Corp., VAUDE Sport GmbH and Co. KG, and VF Corp. The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying
Technavio has announced its latest market research report titled Global Camping Sleeping Bags Market 2023-2027
Company Offering:
Alpkit Ltd: The company offers open angle glaucoma therapeutics such as Lumigan and Combigan
Alps Brands: The company offers open angle glaucoma therapeutics such as Travatan.
AMG Group Ltd: The company offers open angle glaucoma therapeutics such as Vyzulta which is latanoprostene bunod ophthalmic solution.
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By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market.
North America accounts for 34% of the growth of the global market during the forecast period. The market for camping sleeping bags in North America is fuelled by factors such as the rising participation in outdoor recreational activities, including camping, particularly among the youth. Furthermore, in some North American nations, several governments are providing caravans or other forms of camping accommodation at reasonable prices in the interest of increased profits for the camp industry. Hence, such factors are driving the market growth in North America during the forecast period.
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Impactful driver- Rise in adventure tourism
Key Trend – Surge in innovative product designs
Major Challenges – Increasing availability of counterfeit camping sleeping bags
Market Segmentation
The market share growth of the offline segment is significant during the forecast period. The offline segment comprises different retail formats such as sporting goods chain stores, specialty outdoor sports shops, hypermarkets and supermarkets, and department stores. The main advantage of this segment is that it offers greater visibility and a wide assortment of products which encourages prominent players to sell their products through these stores. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Technavio Research experts have provided more insights on the market share of segments – View Sample Report
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Camping Sleeping Bags Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.45% |
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YoY growth 2022-2023 (%) |
6.09 |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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SOURCE Technavio