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The camping lights and lanterns market size is estimated to grow at a CAGR of 8.81% between 2023 and 2028. The market size is forecast to increase by USD 96.35 million. The market's growth depends on several factors such as the rising number of travelers for adventure activities, more emphasis on multichannel marketing strategies to provide trade offers, and government support and funding for camping promotion.
This camping lights and lanterns market report extensively covers market segmentation by product (flashlights, lanterns, and headlamps), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising number of travelers for adventure activities is the key factor driving market growth. The market for adventure tourism grew as a result of the increasing numbers of travelers taking advantage of such activities in order to meet their standard daily lives. The health benefits of adventure travel are also believed to exist and there is no fixed age limit for this type of tourism, including benefits related to obesity and promoting reflectiveness.
Moreover, the uptake of adventure tourism is also relatively high in Western countries, such as the US. The growth of the adventure tourism market is paving the way for the growth of associated markets, such as the camping equipment market, which includes the camping lights and lanterns market, thereby driving the global camping lights and lanterns market during the forecast period.
The increasing importance of online reviews is the primary trend shaping market growth. In this age of easy access to the internet and mobile devices, it's increasingly important for people to check reviews online before planning a vacation. This trend has helped the travel industry, thus making it more convenient to plan a holiday and have a good experience. With the development of web portals and Internet affordability, a tremendous increase in the demand for adventure tourism has been witnessed.
Moreover, the easy availability of essential data encourages travelers to try new adventure sports and be more confident about their journey and destination. Online reviews provide direct access to not only destination /images and videos, reviews, and weather reports but also maps and guides. Hence, the rising importance of online reviews is expected to drive the growth of the global camping lights and lanterns market during the forecast period.
The surge in campsite fees is a challenge that affects the market growth. Regulatory bodies across the globe are raising campsite fees. The Department of Conservation in New Zealand increased the fees for campsites along the road to Milford Sound in 2020. These campsites have also been upgraded to scenic campsites. Similarly, the fees of the Piano Flat and Mavora Lakes campsites in New Zealand have also been increased. Campsites in British Columbia have witnessed fee hikes as well.
Furthermore, the government of British Columbia increased the prices of camping at multiple provincial parks in the country. Such increases in campsite fees can discourage campers from taking up camping or reduce the day count of planned camping trips, thereby having an adverse effect on the market for camping equipment, including lights and lanterns, which in turn will impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Camping Lights and Lanterns Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The flashlights segment is estimated to witness significant growth during the forecast period. Camping flashlights are one of the most crucial camping equipment. Owing to their lightweight (they can fit into one's pocket), the demand for these lights is increasing at a higher rate than that for other lights. Many technical advancements have taken place in the flashlights segment, such as the adoption of LED and solar LED technologies, which conserve energy and thus attract more customers.
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The flashlights segment was the largest segment and was valued at USD 88.15 million in 2018. To improve visibility, reduce the risk of injury, and aid navigation on unfamiliar paths, camping flashlights deliver a robust beam of light. Hence, the benefits of flashlights, such as improved visibility, hand-free convenience, battery efficiency, and more, are anticipated to drive the growth of the flashlight segment, which in turn will propel the growth of the market during the forecast period.
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Europe is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US has been the largest contributor to the North American market, with its best camping sites throughout the region. In addition, the report stated that in North America there is going to be an increasing number of camping households over the coming years.
In addition, millennials have been driving the market growth, as they prefer the outdoors in large numbers and have no intention of letting go. Furthermore, the increasing penetration of online channels has made it easier for products to reach buyers, which has increased the sales of camping equipment. Therefore, this will drive the growth of the regional camping lights and lanterns market during the forecast period.
In 2020, the outbreak of COVID-19 greatly impacted the camping lights and lanterns market in North America. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. This thereby boost the growth of the camping lights and lanterns market in North America in 2022. The rising disposable income and the best camping destination in the region are anticipated to drive the growth of the regional camping lights and lanterns market during the forecast period.
The camping lights and lanterns market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Camping Lights And Lanterns Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.81% |
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Market growth 2024-2028 |
USD 96.35 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.87 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 41% |
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Key countries |
US, Canada, China, Germany, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Barebones, Crafuel Outdoors, Decathlon SA, Extreme Lights, Hubbell Inc., Johnson Outdoors Inc., Koninklijke Philips N.V., Newell Brands Inc., OSRAM Licht AG, Syska Led Lights Pvt. Ltd., Toshiba Corp., Wipro Ltd., Zempire Camping, Axiom Controls Pvt. Ltd, KLARUS Lighting Technology Co. Ltd., LUMINTOP, Nitecore, Paddy Pallin PTY LTD, Surya Roshni Ltd., and Yalumi Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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