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| Camping Power Bank Market |
Camping power banks are portable chargers that offer power backup for electronic devices used outdoors during recreational activities like camping, hiking, and biking. They are lightweight and compact devices that charge smartphones, laptops, and other gadgets. The growing popularity of outdoor recreational activities among millennials and generation Z has accelerated the demand for camping power banks.
The global
camping power bank market is estimated to be valued at US$ 654.7 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increased demand for outdoor recreational activities is a key trend driving
the growth of the camping power bank market. More people are participating in
activities like camping, trekking, and hiking for adventure, fitness, stress
relief, and bonding with friends and family. Additionally, the growing
popularity of social media platforms like Instagram has prompted many outdoor
enthusiasts to actively photograph and document their recreational experiences,
boosting the need for portable charging solutions. Camping power banks allow
convenient charging of devices in remote outdoor locations without access to
electricity. ThisUsability is attracting both casual recreational participants
and serious outdoor adventurists. Major camping power bank brands are launching
more innovative, affordable, and compact products to capitalize on the rising
consumer demand in this space.
Segment Analysis
The global camping power bank market is segmented by battery type, power rating
and distribution channel. By battery type, the li-ion camping power bank
segment dominates the market and accounts for over 70% share owing to li-ion
batteries superior cycle and shelf life compared to lead acid and nimh
batteries. By power rating, the 1000-5000 mAh segment dominates and is expected
to witness high growth during the forecast period. These power banks are
portable and lightweight while providing adequate power backup for camping
activities like mobile and laptop charging.
Key Takeaways
The global Camping
Power Bank Market Growth is expected to witness high growth over the
forecast period of 2023-2030. The global camping power bank market is estimated
to be valued at US$ 654.7 Mn in 2023 and is expected to exhibit a CAGR of 4.0%
over the forecast period 2023 to 2030.
North
America is currently the largest and fastest growing regional market for
camping power banks accounting for over 35% of the global market share. Rising
popularity of outdoor recreational activities like camping and increasing
consumer spending on related gear in countries like United States and Canada
are major factors driving regional market growth. During the forecast period as
well, North America region is expected to continue dominating the global market
backed by increasing penetration of lithium ion power banks in the region.
Key players operating in the camping power bank market are Monet Group, Tata
Steel, Gulf Manganese Corporation Limited, Vale, Eurasian Resources Group,
Ferroglobe, China Minmetals Group Co., Ltd., Eramet Group, South32, OM Holdings
Ltd.
Key players operating in the camping power bank market are focusing on
introducing higher power capacity and portable power banks with durable lithium
ion battery technology. For instance, Monet Group offers 10,000 mAh lithium
polymer power bank, Tata Steel offers 20,000mAh power bank with 2 USB ports.
Several private label players are also emerging offering cost effective power
banks for outdoor and camping applications.
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