Camping Stove Market Highlighting Regional Revenue Share Dominance during 2018-2028

Posted on 2018-11-09 by Mark Hub in Retail // 0 Comments

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Fact.MR has published a new research report titled “Camping Stove Market to Experience Significant Growth during the Forecast Period 2018-2028” to its online database that tries to unveil the various scenarios prevailing in the Camping Stove Market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the Camping Stove Market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during the stated forecast period (2018-2028).

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Camping stove is basically a portable stove which is specifically made to come in handy and lightweight, mainly used in backpacking, camping, or any kind of outing. It is also used in remote areas where there is less transportation option available. Cooking food on camping trips creates a significant need for an efficient and compact stove, which would be easy to manage and handle as well. The camping stove market is anticipated to experience a notable growth in forthcoming years due to the rise in outdoor activities. The manufactures of these camping stoves have to follow the government norms, along with international standard while making their product. In this regards, the transport security administration’s rules are foreseen to hamper the global market, as they are highly stringent in some cases. One can although carry a camping stove while travelling in a plane, but the cylinder has to be cleaned and emptied thoroughly. These are some of the regulations, which might affect the market growth in coming years. Apart from this, the camping stove has a great fuel efficiency, which becomes an influencing factor in the market development. The players are observing the consumer demand and working accordingly regarding the manufacturing strategies.

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.

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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.

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).

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.

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