Demand for Camping Essentials to Increase in the Outdoor Leisure Products Market
Arizton’s recent market research report on the outdoor leisure products market identifies Bestway, Intex , Coleman Company & Airquee as the leading vendors that are likely to dominate the market during 2017-2023. This research report provides detailed analysis of market segmentation by product type (above-ground pools & spas, recreational products, camping, and sporting products), by category (inflated water products and other inflated outdoor products), by distribution channel (sports variety stores, supermarkets & hypermarkets, branded channels, online channels, and other), and by geography (North America, APAC, Europe, and ROW).
The outdoor inflated leisure products market is expected to reach revenues of around $7 billion by 2023, growing at a CAGR of more than 12% during the forecast period.
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The outdoor inflated leisure products market is divided into four major segments in the report that consist of by product type, category, distribution channel, and geography.
Camping segment to grow at the fastest CAGR in the outdoor leisure products market during the forecast period
The outdoor leisure products market by product type is classified into above-ground pools & spas, recreational products, camping, and sporting products. Camping segment dominated the third largest market share in 2017, growing at a CAGR of over 13% during the forecast period. The increasing demand for cost-friendly accommodation option and short form of accommodations is driving the growth of this segment in the global market. European countries such as Scotland, Denmark, and Scandinavia schools are using camping for social development in kids, affecting their creativity, empathy, and innovation. Such initiatives will drive the demand for affordable camping equipment in the global market. Furthermore, growing demand for luxury camping or glamping will boost the demand for air beds, air furniture, and other products in the outdoor leisure products market. The growing number of consumers looking for nature-based experiences that offering an outdoor experience to end-users will boost the growth of this segment in the global market. The end-users are using convenient, flexible, and portable products thereby, attributing to the growing revenues in the outdoor leisure products market.
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Other inflated outdoor products segment to grow at a significant CAGR during the forecast period
The category segment in the outdoor leisure products market is segmented into inflated water products and other inflated outdoor products. The other inflated outdoor products segment occupied a portion of the market share in 2017, growing at a CAGR of around 13% during the forecast period. The booming camping market in Europe and North America is propelling the growth of this segment in the global market. Some of the items consist of this segment includes air beds, air furniture, and other inflated toys and related products. The rising popularity of wellness tourism and outdoor adventure sports that offer healthy lifestyle options to the end-users will augment the development of the outdoor leisure products market. The vendors are striving to enhance comfort levels and developing new products to meet the changing consumer requirements in the outdoor hospitality market. The camping industry is redefining itself to cater to all age groups and customer needs with better products and amenities, such efforts will propel the demand for new, innovative products in this market segment. The rising demand for portability and ease of use will create lucrative opportunities for top vendors operating in the outdoor leisure products market.
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APAC to grow at an impressive CAGR in the outdoor leisure products market during the forecast period
The outdoor leisure products market by geography North America, APAC, Europe, and ROW. APAC to grow at an impressive CAGR of approximately 19% during the forecast period. The growing disposable income, westernization, and the impact of the social media are some of the major factors attributing to the growth of this segment in the global market. The increasing spending on travel and recreational activities will boost the demand for inflated products in the APAC market. The rising awareness of water activities and people spending more time in water parks and beaches will encourage vendors to launch new products in the APAC outdoor leisure products market. China, India, Japan, South Korea, Taiwan, and Australia are the major revenue contributors in the APAC region.
The air furniture, recreational, and sporting products are amongst the most popular products in the APAC region.
The rapid changes in end-users’ spending sentiments, leading to higher spending on recreational activities such as traveling, vacation, and entertainment will boost the revenues in the APAC outdoor leisure products market during the forecast period.
The other prominent players in the outdoor leisure products market are Tricon, Bigmouth Inc, BlueWave Products Inc, Swimline, Leisure Activities Co Ltd, Kololo, BK Leisure, Omega Inflatables, Jumporange, Funboy, Yoloboard, Yolloy Outdoor Product Co Ltd, Blastzone, General Group Co Ltd.
The complete overview of the latest market research report on outdoor inflated leisure products market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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