The global hammocks market is anticipated to grow at a CAGR of 6.0% during the forecast period (2022-2028). Hammocks are defined as a swinging couch or bed generally made of netting or canvas and slung by cords from supports at each end. The market growth is majorly attributable to the growing popularity of camping among youth segment of the population. According to North American Camping Report (NACR), sponsored by Kamp grounds of America (KOA), popularity of camping has risen across the globe. For instance, around 77 million households in the US have at least one person who camps frequently. It has witnessed a 2.6 million increase in camper households considering all ethnicities in 2017. Of these, millennial make up for a major portion accounting for more than 40%. Further, owing to the benefits offered by these hammocks that include their easy to use feature, portability, and their lightweight, these hammocks has become the first choice of individuals especially for outing. This is anticipated to spur the growth of the global hammocks market in the future years.
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Some key players operating in the market include Ningbo Danlong Leisure Products Co., Ltd., Golden Eagle Outdoor Furniture Co., Ltd., and Eagles Nest Outfitters Inc., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. For instance, in February 2018, Ridgeline Hammocks announced the launch of the world’s first nylon hammock which uses a hybrid suspension system that includes a 3/4″ tree strap and 3mm Dyneema rope suspension. Further, in January 2019, Kammock declared the introduction of its Roo Double Hammock which is a high-performance outdoor gear for elevated camping.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Material
o By Sales Channel
· Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Ningbo Danlong Leisure Products Co., Ltd., Golden Eagle Outdoor Furniture Co., Ltd., and Eagles Nest Outfitters Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Hammocks Market Report by Segment
By Type
· Spreader Bar
· Conventional
By Material
· Cotton
· Polypropylene
· Others
By Sales Channel
· Online
· Offline
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