Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of camping stove market. The study is titled as “Camping Stove Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2028. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global camping stove market.
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Rising Popularity of Camping as an Outdoor Recreation Activity to Trigger Demand for Camping Stove
As global participation in outdoor activities such as hiking and camping has increased, the economy of the outdoor recreation industry has improved over the past few years. The Outdoor Industry Associations (OIA) recently conducted a survey, which states that over US$ 887 billion are spent each year, on various outdoor recreation activities. As the popularity of outdoor recreations activities increases, demand for various camping gear or equipment such as camping stove is increasing across the globe. Each year, American consumers spend more than US$ 31 billion to purchase high-quality camping accessories such as camping stove, which is likely to support the expansion of camping stove market in the upcoming years.
According to a survey conducted by the National Forest System (NFS) and the US Department of Agriculture (USDA), around 148 million people travel with a wide range of outdoor pursuits every year. More than 50% of the American population participates in various outdoor recreation activities such as hiking and camping, every year, and the number is likely to increase rapidly in the upcoming years. Increasing number of camping and hiking enthusiasts is boosting demand for camping stoves across the world. As the outdoor recreation industry has become economically stronger, various governments are making extraordinary efforts and investments to encourage consumers to participate in outdoor activities. Favorable government policies and increasing participation in camping and hiking is expected to contribute to the growth of the camping stove market.
Camping Stove Manufacturers to Abide by Regulations and ‘Globally Recognized’ Standards
The manufacturing and distribution processes of all the other camping gear or equipment are regulated by government organizations. Similarly, manufacturers in the camping stove market have to comply with the regulations and international standards associated with camping stoves. In the UK, camping stoves are regulated under the UK health and safety legislative standards, which can impact the growth of the camping stove market in the region. Also, the key standards associated with the fuels used in camping stoves are relevant to the fire safety standards in the UK. Similarly, camping stoves manufactured and distributed in Europe must be CE certified and conform to the requirements of the European directive Gas Appliances Directive (GAD).
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Another regulation that can impact the expansion of the camping stove market is the Transport Security Administration's regulation on transporting the camping stove via airplane. Although it is permitted to carry camping stoves on a flight, emptying and cleaning the fuel container of camping stoves thoroughly is mandatory. The stringency of such various rules and regulations on camping stoves can impact their global sales and ultimately, the growth of the camping stove market in the upcoming years.
Heat, Stability, and Convenience: Consumer Demands to
Drive Camping Stove Market
Cooking on a camping trip generates the need for a compact and highly efficient camping stove, which triggers the growth of the camping stove market. Consumers are looking for stable mountaineering stoves with higher heat output that are incredibly efficient as well. Manufacturers in the camping stoves market are introducing ultra-light, ultra-small, yet heat-efficient camping stoves to address the exact consumer needs. Consumers tend to pick lighter and more compact camping stoves over heavy and bulky car camping stoves, as they provide more stability and efficiency.
In addition, the fuel efficiency of camping stoves remains an important factor that is influencing the purchasing decisions of consumers. They are critical of the fuel source of camping stoves while making a purchase, as it is directly associated with its price and impact on the environment. The consumers’ choice of fuel for camping stoves mainly depends on the duration of and the number of people on the camping trip. Furthermore, adjustable legs, simmer control, tabletop, and wind protection are among the popular features of camping stoves among consumers, which define the stability, efficiency, and convenience of using camping stoves. Manufacturers in the camping stoves market are keenly observing the changes in consumer demands and planning their upcoming manufacturing strategies for the future.
In order to meet the consumer demand for environment-friendly camping stoves, market players are introducing electric camping stoves, which generate electricity by burning biofuels. Also, camping stoves that operate on the solar energy are likely to gain popularity in the camping stoves market in the upcoming years.
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