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Camping Stoves Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global camping stoves products market was valued at USD 4.9 billion in 2022 and is expected to register a CAGR of 6.2% from 2023 to 2030. The growth of the market is driven by rising outdoor activities, such as camping and hiking, among young people. With the increase in disposable income, people are willing to spend more on camping trips and other outdoor activities. To cater to the needs of these activities, camping stoves are gaining popularity among campers and travelers. Moreover, the rising trend of adventure tourism is further propelling the growth of the market.
Camping stoves are available in a wide range of products, such as multi-fuel stoves, propane stoves, wood stoves, and others. Multi-fuel stoves are gaining traction in the market due to their versatility, as they can be used with a variety of fuels, such as kerosene, white gas, diesel, and unleaded gasoline. Moreover, propane stoves are gaining popularity due to their portability and convenience. Furthermore, wood stoves are also gaining traction due to their eco-friendly nature.
Innovations in camping stoves are further expected to drive the market growth. For instance, in April 2021, Jetboil launched a new camping stove named Jetboil Flash. The stove is said to boil water in under two minutes due to its unique design and cutting-edge technology. Furthermore, the increasing trend of environmental sustainability is also driving the demand for camping stoves. Manufacturers are now focusing on developing eco-friendly camping stoves, such as wood stoves, which are powered by renewable sources of energy.
The increasing demand for camping stoves is further propelled by the rising trend of online shopping. The availability of a wide range of camping stoves on online platforms, such as Amazon and eBay, is expected to boost the demand for camping stoves. Furthermore, discounts and offers on camping stoves on e-commerce platforms are further expected to drive the market growth.
Product Insights
The camping stoves segment dominated the market in 2022, accounting for a share of around 35.1%. The growing trend of camping and backpacking among the youth is driving the demand for camping stoves. According to an article published by USA Today in August 2019, millennials are increasingly opting for outdoor activities such as camping, hiking, and backpacking for leisure. Furthermore, the increasing disposable income of consumers is enabling them to spend more on outdoor activities, which is in turn, driving the demand for camping stoves.
The portable stoves segment is expected to witness the fastest growth rate during the forecast period. Portable stoves are lightweight and easy to carry, making them ideal for outdoor activities such as camping, hiking, and backpacking. Moreover, the growing popularity of recreational activities such as camping and backpacking across the globe is further contributing to the growth of the segment. According to an article published by CNBC in August 2019, the number of campers in the U.S. increased to 77 million in 2018, up from 40 million in 2014.
Distribution Channel Insights
The camping stoves market is primarily characterized by the presence of a large number of well-established traditional stores and supermarkets/hypermarkets. These physical stores provide customers with the facility to touch, feel, and choose products before purchase. The increasing number of outdoor camping activities and increasing disposable income of consumers are expected to drive the demand for camping stoves products in these stores.
The online segment is expected to register the highest CAGR during the forecast period 2021–2026. The increasing penetration of the internet and the growing number of e-commerce platforms have made it easier for consumers to purchase camping stoves products online. Furthermore, the availability of a wide range of products online at discounted prices and free home delivery services is expected to drive the online sales of camping stoves products. For instance, in May 2020, Walmart launched a camping store on its website, offering a wide variety of camping stoves products under several brands.
Type Insights
The gas stoves segment held the largest revenue share of 61.2% in the year 2022. The increasing popularity of camping among the younger population, along with the increasing disposable income of the population, is one of the primary drivers of the segment. Additionally, the availability of various sizes and shapes of gas stoves, along with the convenience of carrying them, has increased the demand for camping stoves. Furthermore, the improved efficiency of gas stoves makes them more efficient than traditional fuel-based stoves, which is further propelling their demand.
The electric stoves segment is expected to expand at the highest CAGR of 7.5% over the forecast period. The increasing popularity of lightweight, portable, and clean burning electric stoves is driving the demand for electric stoves. Additionally, the development of electric stoves that are more efficient and reliable than traditional fuel-based stoves is expected to drive the market. For instance, in March 2021, Eureka! launched a new electric stove called the Eureka! Ignite Plus, which is equipped with an auto-ignition system and has an adjustable temperature control knob.
Regional Insights
Europe led the camping stoves market in 2020, with a share of nearly 33.2%. The region has a high demand for camping stoves, owing to the increase in tourism activities and outdoor activities, such as camping and hiking, in the region. In addition, the development of innovative products with advanced features, such as portability and fast cooking, increased the demand for camping stoves in the region. For instance, in April 2019, Primus launched the Lite+ camping stove, which is ideal for two-person camping trips.
The Asia Pacific is expected to be the fastest-growing region during the forecast period. Increasing disposable incomes, rising awareness about outdoor activities, and the presence of a large number of camping sites in the region are some of the factors driving the growth of the market in the Asia Pacific. In addition, the increasing number of camping events in the region is expected to further drive the growth of the market in the coming years. For instance, in January 2020, the first-ever camping festival, ‘Camping India,’ was organized in New Delhi, India.
Financial Projections
In this part of the camping stoves products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your camping stoves products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a camping stoves products business comes from direct sales of camping stoves products, online sales, retail sales, and sales of related products such as fuel, replacement parts, and accessories.
Projecting Expenses
In this section, all the regular expenses related to keeping the camping stoves products business running will be described. The list of operating expenses includes inventory costs, wages, shipping costs, advertising and promotion, legal fees, insurance policies, and others.
Key companies & market share insights
Some of the key companies operating in the camping stoves market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In July 2022, Coleman Company Inc. launched the Coleman Sportster II Dual Fuel Camping Stove, which can be powered by white gas or unleaded gasoline.
– In August 2022, Camp Chef launched the Everest 2-Burner Camping Stove, offering a wide range of cooking options.
– In September 2022, Primus launched the Primus Lite+ Stove with an advanced simmer control, allowing users to control the flame intensity.
Some of the prominent players in the camping stoves market include:
– Coleman Company Inc.
– Camp Chef
– Primus
– MSR Gear
– Optimus
– GSI Outdoors
– Snow Peak
– Brunton
– Kovea
– Coleman Japan
Global Camping Stoves Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global camping stoves products market based on fuel type, product type, distribution channel, and region:
1. Fuel Type Outlook (Revenue, USD Million, 2017 – 2030)
– Wood
– Propane
– Kerosene
– Others
2. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Single Burner
– Double Burner
– Triple Burner
– Others
3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
4. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Major Drivers of the Camping Stoves Market?
[A]: Growing demand for recreational activities such as camping is the primary factor driving the growth of the camping stoves market. Moreover, the increasing number of camping sites and campsites, as well as the growing popularity of outdoor activities, are further driving the market. Furthermore, technological advancements and innovations in camping stoves such as multi-fuel stoves and compact stoves are propelling the growth of the camping stoves market.
[Q]: Who are the Key Players in the Camping Stoves Market?
[A]: The major players operating in the camping stoves market are Coleman Company, Primus AB, Optimus S.A, Camp Chef LLC, and MSR (Mountain Safety Research).
[Q]: What is the Potential of Product Innovation?
[A]: Technological advancements and innovations in camping stoves such as multi-fuel stoves, compact stoves, and lightweight stoves are creating potential for product innovation. Manufacturers are focusing on launching new camping stoves with enhanced features such as auto-ignition and adjustable flame control.
[Q]: What are the Major Restraints to the Camping Stoves Market?
[A]: High prices of camping stoves and the lack of awareness about their usage are some of the major restraints impacting the growth of the camping stoves market. Furthermore, the availability of substitutes such as portable gas grills and charcoal grills is also hampering the growth of the market.
[Q]: Which Region Offers the Largest Opportunity for Sales of Camping Stoves?
[A]: North America is expected to dominate the camping stoves market during the forecast period. The outdoor activities such as camping are very popular in the region, which is leading to an increase in the demand for camping stoves. Additionally, the growing number of camping sites and campsites across the region is also driving the growth of the camping stoves market.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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