Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The COVID-19 pandemic has hit a majority of the fortune companies, out of which many consumer good companies were hit due to sever disruption in supply chain. The outbreak of COVID in the Campaign Stove Market caused distribution since it spread was across the globe. COVID-19 impacted the various sector and industries. The changes in consumer behavior and demand during the pandemic impacted on value chain in the consumer good industry. The shutdown of economic activities affected all the sector. Due to transportation barriers, Campaign Stove market demand is reduced. The export of product has been reduced due to the emerging concern from the spread of the COVID-19 pandemic. COVID-19 pandemic, the demand for Campaign Stove has been rising but due to the supply chain disruption stopped producers to supply their products to the market. The COVID-19 had a positive impact on the market growth, as recreationists spent a high amount of leisure time from their hectic work schedules. The lockdown created an opportunity for camper across the world. Vendor are providing innovative camping equipment to ensure safety and comfort level in quality of the material.
Campaign Stove is kind of cooking stove that are lightweight and portable. Increasing the importance and requirement of camping stoves for holiday camping is expected to increase the demand for camping stove in the global market. Campaign stove are easy ignition burner, and it is easy to clean. Growing initiatives in the tourism business and rising awareness about the camping stove in mountaineering, trekking and other recreational activities are some factor boosting the campaign stove market growth. In various countries Government is investing in the outdoor tourism business which fueling the demand for camping stoves. Increasing number of adventure and camping activities, high disposable income and availability of products on e-commerce site are key factor for the camping stove market Furthermore, Corporate companies creating awarness among their employees regarding the advantages of outdoor activities to improve their physical and mental fitness. The manufacturer of camping stove market providing products with various convenient features including easy ignition, wind-protection, which attract the more customer is another factor driving the camping stove market growth. In addition, it includes features such as fast boiling time, lightweight, and compact is expected to drive the demand for camping stove in the global market.
Less awareness among consumers for camping stove is a major factor hindering market growth. Global camping stove market manufacturers have to maintain the standards set by government bodies which inhibit the camping stove market.
The participation rate in outdoor truism events is growing every year, which is a major opportunity for the camping stove market manufacturers to develop innovative technology according to customer requirement.
To develop cost and energy efficient stoves is a major challenge in front of camping stove manufacturers.
The report provides in-depth analysis of global camping stove market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing spending on various recreational activities, the number of camping and adventure activities boosting demand for camping stove in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The global camping stove market comprises of different market segment like, product type, distribution channel and Geography.
The product type studied in the global camping stove market are wood burning stove and multi-fuel stove. The wood burning type product accounted largest share in the camping stove market. Wood burning stove are economical and efficient alternative and this product does not require fossil fuel which make it better alternative. The wood burning stoves are considered to be lightweight, which are mostly used for campfire. These stove are much eco-friendlier and these use renewable fuel is major factor boosting the wood burning stove market. On other hand, multi-fuel stoves are expected to grow faster in the camping stove market. These stove can burn kerosene, jet fuel, white gas, unleaded gasoline and other fuels. Consumer need to bring the extra amount of fuel with them and cost of multi- fuel stove is a major factor hindering multi-fuel stove market growth.
The distribution channel studied in the global camping stove market are online channel, offline channel. The offline segment account largest share in the camping stove market. Offline distribution channel account highest revenue owing to wide range of products available in the supermarket and hypermarkets and other stress where consumer can differentiate products with physical touch and feel experience before purchase decision. The offline channel offer various products of different brands under one roof is major growing factor of offline channel. Furthermore, a large number of camping service provider are available in this market build partnership with these stores so they can make frequent purchase. In addition, the offline channel offers various discount and offers which attract more customer also it provides services including warranty vouchers and engineer assistance. These all factor expected to boost the offline channel market growth. The online channel segment is expected to be fastest growing distribution channel. Online channel provides different services including, free cashback, membership, free delivery services also easy return option which attract customer.
The global camping stove market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is likely to witness rising demand for global camping stove market. The major factor propelling the market growth are expanding market growth in countries like United States, Canada and Mexico. There are large number of camping ground and sites in U.S and Canada. Increasing work pressure in the among corporate population in the U.S is major factor which drive people to spend on camping and other tour activities. Increasing the number of campsites across the region propelling the demand for camping stove. The increasing number of trip have been boosting the sales of camping stove globally. Canadian and American millennials and Gen X camper spend on premium camping equipment owing to its easy usage and lightweight features.
The competitive landscape analysis of camping stove market is certainly based range of market players operating in the consumer goods market with increasing the importance and requirement of camping stoves for holiday camping is expected to increase the demand for camping stove in the global market. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Johnson Outdoors Inc.; Coleman Company, Inc.; BioLite Inc.; CampChef.com; Katadyn Products Inc.; Ecozoom; Primus; Vango; Zhejiang Deermaple Outdoor Products Co., Ltd. and Cascade Designs, Inc. and among others.
Increasing number of adventure and camping activities is rise in spending on recreational activity among the millennials is key factor boosting the camping stove market growth. Different countries are investing in the outdoor tourism business which propel the demand for camping stoves. People are also using camping and trips to take themselves away from smartphones as a part of making them familiar with the social gesture. Growing initiatives in the tourism business and rising awareness about the camping stove in mountaineering, trekking and other recreational activities are some factor boosting the campaign stove market growth. The product type studied in the global camping stove market are wood burning stove and multi-fuel stove. The wood burning type product accounted largest share in the camping stove market. The distribution channel studied in the global camping stove market are online channel, offline channel. The offline segment account largest share in the camping stove market. The offline channel offer various products of different brands under one roof is major growing factor of offline channel. The global camping stove market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is likely to witness rising demand for global camping stove market.
1) What are the drivers for camping stove market?
Ans: The key driving factors of the market are Increasing number of adventure and camping activities, high disposable income and availability of products on e-commerce site are key factor for the camping stove market.
2) Which is the leading distribution Channel segment for camping stove market?
Ans: Offline distribution channel has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which region is gaining majority of market share during the forecast period (2021-2028)?
Ans: North America is expected to gain major market share during the forecast period (2021-2028).
