- Rise in participation in outdoor recreational activities in the last few years around the world is fueling the demand for camping lights and lanterns due to an increase in spending on camping and trekking among users. In 2018, around 48% of the U.S. population over the age of six took part in an outdoor activity minimum once.
- However, tourism and outdoor recreational activities that include camping and trekking have seen a decline owing to the coronavirus pandemic. This factor is expected to hamper the growth of the camping lights and lanterns market globally for a year; currently, the impact of the factor is very high. However, in the future the impact is projected to be low.
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Market in Asia Pacific to Expand Rapidly
- In terms of geography, the global camping lights and lanterns market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the camping lights and lanterns market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the camping lights and lanterns market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America camping lights and lanterns market is segmented into Brazil, and Rest of South America.
- North America is likely to dominate the overall market as the region has the maximum participation rate in camping globally, and approximately 27% of all households are involved in camping trips yearly in the region. However, Asia Pacific is projected to be the fastest growing market owing to rising number of camping participants and outdoor recreational activities. These are the factors projected to drive the camping lights and lanterns market in the region.
Key Players Operating in the Global Market
The camping lights and lanterns market is highly fragmented due to the presence of various global, regional, and local players. Players are implementing technological advancements and introducing innovative products to gain competitive advantage in the camping lights and lanterns market. Irreplaceable value proposition in product offerings and stable product development are likely to support the growth capability of the market in the coming years.
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A few of the key players operating in the global camping lights and lanterns market are:
- Black Diamond Equipment, Ltd
- Blacks Outdoor Retail Ltd (EUROHIKE)
- Decathlon S.A.
- Goldmore
- KLARUS Lighting Technology Co.,Ltd
- Lumintop.com
- Mont-bell Co., Ltd.
- Nitecore Store
- OUTWELL
- VITCHELO
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