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Global Hammock Market Size was valued at USD 0.5 Billion in 2022. The Hammock market industry is projected to grow from USD 0.62 Billion in 2023 to USD 1.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2023 - 2032). Increasing consumer demand for high-end and opulent hammocks, rapid urbanization, increased disposable income, and expanding housing real estate demand are all significant issues, are the key market drivers enhancing the market growth.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The rise in popularity of outdoor recreational activities is the main factor fueling the market expansion for hammocks during the forecasted period. Due to the rise in fast-paced and stressful lifestyles, increased health consciousness, and the desire to engage in physical exercise and activities, consumers are adopting a range of strategies to de-stress. widespread especially in regions like Europe and North America. As a result, there is an increased interest in adventure and outdoor sports, which raises the demand for these kinds of activities. As global urbanization continues to expand, people are now more and more inspired to spend time in more natural environments. Moreover, technical improvements have aided in the development of multipurpose hammocks that are quite useful. Therefore, factors like the rise in camping and other adventurous activities would spur hammock purchases during the anticipated timeframe.
Rapid urbanization, rising disposable income, expanding home real estate demand, and rising consumer demand for high-end and opulent hammocks are the main factors propelling the global market. By adding various home accents, furnishings, hammocks, and other accessories, people are also actively engaged in home design and remodeling. Countries like China, India, Brazil, and South Africa have enormous development potential as a result of the expansion of the real estate sectors. In addition, premium hammocks are becoming more and more popular in homes because of qualities like great comfort, long-lasting durability, tear resistance, breathability, and water resistance, all of which considerably contribute to the growth of the global market.
Hammock has a more complex income business plan than other content sites. Hammock offers a significant opportunity for subscription-based firms to raise average revenue per paying client. In terms of user engagement indicators like time spent and frequency, Hammock has already exceeded music streaming services in Korea and is now on level with video streaming services. It is also encouraging that the webtoon content ecosystem is based on platforms. since the industry has just undergone a remarkable 20-year transformation. Due to their growing popularity and developments in digitization, digital comics have been produced in a number of forms. Since many years ago, when content creators created fresh approaches to drawing viewers, their format has altered. Hammock had simple before. Following that, as Hammock started to be released on internet portals, it grew more narrative-driven and dramatized with a settling rhythm. Since the advent of the user-created content model, internet portals have seen a growth in the number of authors, both new and established, who are using Hammock to generate revenue.
Nowadays, an increasing number of people worry about their health and are constantly looking for new ways to improve it. Many people realized throughout the COVID outbreak that living a healthy lifestyle is ultimately what matters. Today, people everywhere are prepared to invest time and money in their health.
Recreational activities, particularly outdoor activities, have increased as a result of this realization. The most popular pastimes at the moment are camping and outdoor adventure sports. To make their excursions more comfortable and convenient, people spend money on camping supplies including hammocks, tents, and other equipment. These hammocks are used for inside activities as well as outdoor ones. They are used by airlines to provide passengers extra space in the legs. Small hammocks that passengers can use to rest their feet are located under the flight seats. This simple idea is especially well-liked because it allows travelers to unwind and exercise without disturbing others. Luxury hotels and resorts frequently have hammocks near the lounge areas and swimming pools. Visitors usually spend time relaxing in hammocks and lounge chairs, which is frequently considered as a sign of prosperity. Some hotels use colorful hammocks as decor and incorporate them into the layout of their balconies and terraces. Thus, driving the Hammock market revenue.
The global Hammock market segmentation, based on Type, includes Spreader Bar and Conventional. Conventional segment dominated the global market in 2022. The ends of traditional hammocks have ropes attached so that they can be hung from stands or affixed to trees. They are made of fabric. 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.
The global Hammock market segmentation, based on Material, includes 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.
The global Hammock market segmentation, based on Sales Channel, includes 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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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. 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. Further, In the North American area, the U.S. Hammock market had the biggest market share, while the Canada Hammock market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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Source: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
From 2023 to 2032, the Europe Hammock market is anticipated to grow significantly. 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. Further, In the European region, the German Hammock market had the biggest market share, and the U.K. Hammock market had the quickest rate of growth.
In 2022, the Asia Pacific hammock market held a sizable portion of the overall market. 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. Moreover, In the Asia-Pacific region, the Indian Hammock market had the quickest rate of growth while China's Hammock market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Hammock market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Hammock sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Hammock industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Hammock sector. Major players in the Hammock market, including 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, and Grand Trunk, are attempting to increase market demand by investing in research and development operations.
On the Lawson Hammock website, customers can purchase a camping hammock. Lawson Hammock's headquarters are located in Raleigh, North Carolina.
Wise Owl Outfitters is a family-run business that focuses in providing high-quality outdoor gear and supplies for everyone from casual campers to ardent backcountry hikers.
· 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
Februray 2018: Ridgeline Hammocks has unveiled the first nylon hammock ever made. A 3/4" tree strap and 3mm Dyneema rope suspension are used in its hybrid suspension system.
January 2019: The Roo Double Hammock, a piece of high-performance outdoor gear from Kammock, was just released.
· Spreader Bar
· Conventional
· Cotton
· Polypropylene
· Others
· Offline Channels
· Online Channels
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Material 2022 |
USD 0.5 Billion |
|
Market Material 2023 |
USD 0.62 Billion |
|
Market Material 2032 |
USD 1.7 Billion |
|
Compound Annual Growth Rate (CAGR) |
6.40% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type, Material, Sales Channel, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
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, and Grand Trunk |
|
Key Market Opportunities |
The rising focus of vendors on comfort-enhancing products |
|
Key Market Dynamics |
Rapid urbanization, increase in disposable income, surge in demand for housing real estate space, and rise in need for premium & luxury hammocks from customers |
The global Hammock Market was valued at USD 0.5 billion in 2022, and it is estimated to reach USD 1.7 billion by 2032.
The global market is projected to grow at a CAGR of 6.40% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are 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, and Grand Trunk
The Conventional Type dominated the market in 2022.
The Cotton Based Material had the largest share in the global market.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65201
Published on :
Sep 2023
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