The camping lights and lanterns market is expected to grow by USD 87.08 million during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters with a limited impact on the full-year economic growth.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200908005574/en/
Technavio has announced its latest market research report titled Global Camping Lights and Lanterns Market 2020-2024 (Graphic: Business Wire)
Request challenges and opportunities influenced by COVID-19 pandemic Request a Free Sample Report on COVID-19 Impacts
The number of people participating in adventure tourism has increased significantly over the years. This is because adventure tourism is believed to offer various health benefits and there is no set age limit for adventure tourism. The uptake of adventure tourism is relatively higher among the urban population, especially in Western countries such as the US. For instance, in 2016, nearly 60% of the population belonging to the age group of 25-44 years participated in outdoor recreational activities and sports in the US. The growth in the adventure tourism market is increasing the demand for camping equipment such as camping lights and lanterns, which is driving the growth of the market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44702
As per Technavio, the enhancement in product features through advanced technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Camping Lights and Lanterns Market: Enhancement in Product Features Through Advanced Technology
Growing competition in the market is compelling vendors to introduce innovative products to attract consumers. Some of the innovative features introduced in camping lights include USB charging ports, flashlight, red lights for better night vision, yellow lights to keep insects away, remote control facility, and SOS mode for emergencies. Some vendors are replacing traditional fluorescent lamps with LEDs to save energy. The market is also witnessing the introduction of solar lights and lanterns that are more effective than conventional lanterns in terms of energy efficiency. The introduction of such innovative products is fueling the growth of the global camping lights and lanterns market.
"Increasing investment in R&D and rising emphasis on multichannel marketing strategies will further boost market growth during the forecast period," says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Technavio's SUBSCRIPTION platform
Camping Lights and Lanterns Market: Segmentation Analysis
This market research report segments the camping lights and lanterns market by Product (Flashlights, Lanterns, and Headlamps) and Geography (North America, Europe, APAC, South America, and MEA).
The North America region led the camping lights and lanterns market in 2019, followed by Europe, APAC, South America, and MEA respectively. However, during the forecast period, Europe is expected to register the highest incremental growth due to the high growth in the outdoor market in the region.
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200908005574/en/
Contacts:
Technavio Research
Jesse Maida
Media Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
