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Table of Contents
Hammocks are bits of net, fabric, or rope, that are suspended between two stay focuses. This is generally proficient by the utilization of a metal ring or a carabiner that is connected to a tree or a post utilizing a sling or a nail. A differed scope of outdoors hardware that incorporates hammocks, resting packs, tents, and rucksacks are utilized for exercises like outdoors, climbing, and climbing. Outdoors gear can fluctuate in the measure, protection, plan, material, temperature rating, and different parameters.
One of the main growth drivers for the global hammocks market is Increasing participation in outdoor recreational activities. With the increase in fast-paced and hectic lifestyles, growing health consciousness, and need to engage in physical exercises, consumers, especially in regions such as Europe and North America, are opting for various ways to de-stress. Hence, they are willing to take up outdoor fun and adventurous activities, thereby increasing the demand for leisure activities and outdoor sports. An increase in disposable income globally has also risen the expenditure on recreational activities. Thereby further creating a huge demand for outdoor activities such as camping. These factors are the major growth drivers which will boost the global hammocks market during the forecast period.
On the basis of product line of global hammocks market is categorized into fabric, metal, wood, plastic, wicker and leather. Consumer products have been witnessing a notable shift from the distributor based selling to direct-to -the-customer selling concept (online retailing model). With e-commerce, manufacturers are leveraging their popularity and reach in suburban and rural areas, thus catering to last mile customers’ requirements. Hammock manufacturers are sourcing via online sales channels that ease tapping international audience. Camping related products such as hammocks witnessed meteoric growth in 2023 and the status quo are more likely to remain unchanged throughout the period of assessment.
A large number of people purchase hammocks in the Americas for relaxation purpose. Also, the wide availability of hammocks of different types, colors, styles, and sizes is further encouraging the millennials in the region to purchase these products. This is motivating several manufacturers to launch nylon hammocks as part of their product portfolios. Nylon hammocks can be easily rolled into small bags as they are light in weight. The adoption of the portable hammock will continue to grow in the region for the next four years because these products come with additional features such as rain tarps and underlings for gear, bug nets, and small battery-operated lanterns.
The major key players present in Global Hammocks market are: REI, Foxelli, Lazy Daze Hammocks, Winner Outfitters, Honesh, Wise Owl Outfitters, The Hammock Expert, Golden Eagle Outdoor, Eagles Nest Outfitters, Hammock Sky, Mad Grit, Newdora, Ollieroo, Avion Gear, Grand Trunk, and Elevate Hammock Company. The hammocks market is highly competitive and has a presence of multiple established players. These vendors are increasingly competing against each other based on factors such as price, quality, brand, and variety. Various hammock swing manufacturers are trying to increase their market shares by adopting marketing and promotional strategies. Also, leading competitors are focusing on retaining their market position by acquiring new brands.
On the basis of application Global hammocks market is used by tourism companies, household, airplane companies Application scope of hammocks has been extended to paddle surfing, wherein hammocks are converted into rafts. Hammocrafts can accommodate five people allowing convenience in floating over the water. Manufacturers have been focusing on developing hammocrafts by incorporating new design features and material. Hammocrafts are convenient and easy to carry owing to their light weight. They consist of a lightweight aluminium frame that allows ease in paddling. This trend has remarkably proliferated in developed economies such as the United States and is now gaining high traction in emerging countries, complementing the growth of the global hammocks market.
Hammock Market: Product Type
Hammock Market: Application
Hammock Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Hammock Market :
Geographical analysis of Hammock Market :
Global Hammock Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 934.37 million |
Forecast Value (2031) |
USD 2770.89 million |
CAGR (2025-2030) |
16.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Hammock Market was valued at around USD 934.37 million in 2023 & estimated to reach USD 2770.89 million by 2030.
Hammock Market is likely to grow at Compound Annual Growth Rate (CAGR) of 16.8% between 2024 to 2030.
Hammock Market is dominated by the Hotels and resorts segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Hammock Market are
Primary driving factors for the growth of the Hammock Market include Increasing participation in outdoor recreational activities growing health consciousness, and need to engage in physical exercises.
Yes, the report includes COVID 19 impact on the market.
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