Hammocks - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

The Global hammocks market was valued at USD 1400 million in the current year and was expected to register a CAGR of less than 5% during the forecast period.

Hammocks are sling-like structures made of fabric rope woven into a net. They are often used for sleep in the wild and relaxation at the beach or in people's backyards. Polypropylene, followed by cotton, and various materials such as Nylon, Canvas, Parachutised Silks, etc., are widely used in the manufacture of hammocks. The key drivers of the worldwide market are rapid urbanization, rising income per capita, a boom in demand for housing space, and consumers' increased need to buy premium & luxury hammocks. Moreover, by adding a variety of home decors, furnishings, hammocks, and additional accessories to their houses, people are increasingly taking part in the renovation and design process.

Expanding the real estate sector creates high growth potential in China, India, Brazil, and South Africa. In addition, owing to their qualities of long-lasting durability, high comfort, tear resistance, breathability, and water resistance which have a major influence on growth in the global market, quality hammocks are becoming increasingly popular among residential consumers. But it is often outside of a city where essential amenities such as electricity and the internet are not available that leisure activities take place. In dangerous environments such as rainfall and thunderstorms, camping tents might be unable to cope. During the forecast period, certain constituents are causing hammocks to be exchanged.

Global Hammocks Market Trends

Growing Tourism Boost the Hammocks Market

There is a positive impact on the hammock business worldwide from outdoor tourism. A growing number of tourists are seeking comfortable and relaxing experiences in their travels due to the increasing popularity of outdoor activities and adventure tourism. Hammocks are a popular option for those that enjoy the outdoors, providing an easy and enjoyable way to relax in nature. In regions with a booming tourism sector, demand for hammocks has increased since tourists seek ways of enhancing their outdoor experiences. The increased demand for hammocks and the need for an increasing outdoor tourist market could create new business opportunities for manufacturers and retailers.

Increasing Demand For Outdoor Equipment

Increasing preference for outdoor campaigns is surging the demand for hammocks. Recreational activities, especially those that take place outside, have increased, and to be comfortable while camping, people are spending more on camping accessories such as tents and hammocks. Apart from this, with the rising disposable income, consumer demand for outdoor equipment is also increasing in the residential sector. Several owners have been working on designing beautiful places for people to sit to improve the appearance of their yards and balcony.

Global Hammocks Industry Overview

The Global Hammocks market is highly fragmented, with many domestic players who sell their products in the regional markets. International players pose tougher competition to the existing players and thus give immense scope for further product development and innovation. A few key players in the market include REI, Foxelli, Lazy Daze Hammocks, Winner Outfitters, and Wise Owl Outfitters, among many other actively functioning companies worldwide.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.