The global camping stove market size is expected to reach USD 671.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% over the forecast period. Rising spending in camping and backpack trips on weekends by millennials as a mode of chilling out is expected to promote the scope for various types of camping stoves across the globe.
Additionally, various corporate firms are spreading awareness regarding the advantage of outdoor activities including trekking, mountaineering, and hiking among their employees in order to improve the physical and mental fitness. Over the past few years, the manufacturers have been offering products with various convenient features including wind-protection, easy cleaning, easy ignition additional satellite burner, and enhanced burner output in order to expand their customer base.
Multi-fuel products are expected to expand at the fastest CAGR of 6.3% from 2019 to 2025. Consumers prefer to purchase this product due to its ability to burn with kerosene, white gas, unleaded auto fuel, jet fuel, and diesel. The buyers will purchase this product as its burning can be regulated for versatile cooking and it can be folded into its one-third size.
Offline distribution channel led the market and generated a revenue of USD 364.8 million in 2018. These channels offer products of different brands as well as private level players. It has been observed that hypermarkets and convenience stores offer various attractive benefits. Furthermore, offline stores provide various add-on sale services including warranty vouchers and engineer assistance in order to attract more customers.
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The global market is fragmented in nature with high concentration of manufacturers across developing economies including China and India. Some of the key players operating in the market for camping stoves 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. Companies are investing in product innovations to expand their customer base. For instance, in December 2017, “Morphcooker” has launched electric camping stove with features including controller, travel case, interchangeable battery cell, stove lid, and home charger.
Further key findings from the report suggest:
- Wood burning products generated a revenue of USD 251.6 million in 2018 due to its low price and easy accessibility through offline stores. Multi-fuel products are expected to expand at the fastest CAGR of 6.3% from 2019 to 2025 due to their fastest cooking time
- The online channel segment is expected to be the fastest growing segment with a CAGR of 5.6% from 2019 to 2025 as these channels provide convenience in terms of free doorstep delivery services
- North America was the largest regional camping stove market with a revenue of USD 230.9 million in 2018 due to presence of a large number of camping lovers in U.S. and Canada.
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Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Camping Stoves Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis – Porter’s
126.96.36.199. Supplier Power
188.8.131.52. Buyer Power
184.108.40.206. Substitution Threat
220.127.116.11. Threat from New Entrant
18.104.22.168. Competitive Rivalry
3.6. Roadmap of Camping Stoves Market
3.7. Market Entry Strategies
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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