Market Research Future (MRFR) has published on the “Global Hammock Market”.
Market Research Future (MRFR) has published a cooked research report on the “Global Hammock Market” that contains information from 2018 to 2032. The hammock market is estimated to register a CAGR of 6.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Hammock market— LIAONING LUCKY JOHNNY TRADING CO., LTD, DANLONG HAMMCOKS, EAGLES NEST OUTFITTERS, INC., WISE OWL OUTFITTERS, LA SIESTA INC., LAWSON HAMMOCK COMPANY, GOLDEN EAGLE OUTDOOR, INCA HAMMOCKS, THE HAMMOCK SOURCE, GRAND TRUNK
Hammock Market Highlights
The global hammock market is accounted to register a CAGR of 6.20% during the forecast period and is estimated to reach USD 0.7 Billion by 2032.
The hammock market offers a variety of cozy and peaceful hammocks that can be used both inside and outside. This market, which focuses on leisure and relaxation, offers a range of designs and materials to accommodate individual tastes and requirements. The Hammock Market provides those looking for a practical and fun method to unwind and enjoy their spare time with a variety of hammocks suitable for camping, backyard lounging, or even indoor napping.
Segment Analysis
The global hammock market has been segmented into type, material and sales channel.
On the basis of type, the market is segmented into spreader bar and conventional. Conventional segment dominated the global market in 2022. A spreader bar hammock can be made to stretch out and become taut by adding bars made of metal, bamboo, or wood to the ends.
Based on material, the global hammock market has been segmented into cotton, polypropylene, and others. Cotton segment dominated the global Hammock market in 2022. Cotton is a material that is widely used to build hammocks due to its comfort and softness as well as its modest stretchiness.
Based on sales channel, the global hammock market has been segmented into offline channels and online channels. Offline channels segment dominated the global market in 2022. The offline sales channel is made up of specialty stores that sell camping and outdoor gear. Customers can purchase the required hammocks online from places like e-commerce websites and the manufacturer's website.
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Regional Analysis
The global hammock market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Hammock market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Hammock market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Hammock market comprises of Middle East, Africa, and Latin America.
The North America hammock market dominated this market in 2022 (45.80%). One of the primary factors driving the increase in demand for hammocks in the region is the rising popularity of outdoor pursuits like hiking and camping. Another is the leisure use of hammocks.
Moreover, Europe hammock market is expected to register significant growth from 2023 to 2032 Hammocks are being used by campers more frequently, and many adventurers are anxious to learn about the local wildlife. Campers love hammocks because they make them feel carefree and let them have the best time possible. Hammock camping alternatives are available to European campers in some of the most picturesque and sustainably designed campsites.
Additionally, in 2022, a sizeable chunk of the global hammock market was in the Asia Pacific region. This is due to the fact that this region is one of the most popular tourist attractions, which is driving up demand for camping hammocks and increasing the number of adventurous activities for tourists.
Furthermore, the rest of the world's hammock market is divided into the Middle East, Africa, and Latin America. The robust Latin American hammock market serves the region's vibrant hammock culture. It provides possibilities for both conventional and modern preferences thanks to the large range of hammock forms and designs. Since hammocks are ingrained in Latin America's cultural history, the region's markets are a haven for genuine, premium hammocks that locals and visitors alike seek out for leisure and relaxation.
Key Findings of the Study
- The global hammock market is expected to reach USD 0.68 Billion by 2032, at a CAGR of 6.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. This is because this area is regarded as one of the top tourist destinations, which is leading to an increase in the number of adventurous activities for visitors and increasing demand for camping hammocks.
- Based on sales channel, the offline channels segment was attributed to holding the largest market in 2022.
- LIAONING LUCKY JOHNNY TRADING CO., LTD, DANLONG HAMMCOKS, EAGLES NEST OUTFITTERS, INC., WISE OWL OUTFITTERS, LA SIESTA INC., LAWSON HAMMOCK COMPANY, GOLDEN EAGLE OUTDOOR, INCA HAMMOCKS, THE HAMMOCK SOURCE, GRAND TRUNK
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Companies Covered | 15 |
Pages | 128 |
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