Global Camping Stoves Market Insights, Trends & Future Development Status

Posted by Arslan on September 20th, 2019

The report studies the camping stoves market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on camping stoves market to its wide online database including upcoming trends and market growth factors through 2027. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.

Camping Stoves Market in Numbers

• Sales of camping stoves accounted for the revenues worth ~US$ 36 Bn in 2018, a third of which is accounted by camping stove sales in North America.
• The camping stoves market is envisaged to record an expansion at the CAGR of 4.5% over the forecast period, 2019 – 2027.
• Pressurized gas camping stoves and wood burning camping stoves have been collectively contributing to whopping 80% shares in global camping stoves market revenues.
• It has been observed that ~2/5^th of the total sales potential of the camping stoves market exists in outdoor specialty stores.

Competition Landscape Analysis of Camping Stoves Market

A highly competitive landscape, the global market for camping stoves will witness 40-45% revenue contribution from the top 10 players. As the report sheds light on the competition scenario governing the developmental strategies of market participants, it unfolds how they are strategizing for better market positioning. It suggests that while the frontrunners in camping stoves market continue to prioritize product innovations to gain a differentiating advantages, they are also likely to maintain the focus on upgrading their existing portfolios, and providing free after-sales service for customer engagement. Upgrading the quality and utility of camping stoves is another key factor dictating competition strategies of market participants.

The camping stoves manufacturers are improving their products with easy ignition, easy cleaning and wind-protection features that are being sought by the customers. The product innovations include stoves with additional satellite burner, and enhanced burner output. Including attractive offers, such as a package of camping products at a discounted price has been a recently popularizing trend among leading companies in the camping stoves industry. The detailed competition analysis of camping stoves market reveals that it is highly fragmented at the bottom, and notably dynamic at the top – operated by the market frontrunners and challengers.

As innovation is the key to elongate the life cycle of the aging products, the manufacturers of camping stoves will be focused on innovations and portfolio transformation in an effort to reach a broader consumer cluster. For instance, BioLite recently launched ‘CampStove 2’, being marketed as an electricity- generating wood camp stove. On burning wood, the rotating fan in it creates a smokeless fire that is suitable in cooking meals, while it turns heat into usable electricity. This camping stove can charge devices such as smartphones which generate 5V of power through an USB output.

Several manufacturers have also been focusing on developing lightweight camping stove designs so as to enhance their camping compatibility. The market currently also has some models that can be transformed into a water collection and purification device, a search light, a dish antenna, and food heating equipment. Moreover, providers of camping stoves have also started to follow the omni-channel marketing strategies, with an objective to attract a wider consumer base through engagement programs and mobile applications.

The Expanding Customer Pool

The constant surge in the proclivity for outdoor recreational activities, such as camping, hiking, trekking, and mountaineering, among others, has led to a tremendous increase in the demand of related accessories such as camping stoves. Camping stoves will remain among the top selling camping equipment, after backpacks and camping tents, and will remain an essential camping equipment for a large proportion of the customers in the developing countries. The increase in the number of camping sites as well as surging government investments in the tourism sector in several countries has further jolted the demand for camping stoves which is forwarding the camping stoves market.

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Evolving Consumer Dynamics

Consumer behavior in the camping stoves industry has been witnessing a gradual metamorphosis. With the growing disposable income of the millennials, their purchasing power has also risen. Their interest towards products offering more aesthetic feel has also increased. Millennials are observed to spend roughly 14% more time on mobile devices as compared to other generations. Moreover, over 75% of the millennials use their mobile devices while purchasing any camping stoves. This also seems to be true with their purchase of camping stoves, though at a varied degree.