The Hammock Market is expected to maintain a moderate Compound Annual Growth Rate (CAGR) of 6% throughout the forecast period. With a projected revenue of around US$ 4.2 million in 2022, the global market is poised to exceed US$ 7.5 million by the conclusion of 2032.
During the forecast period, the Hammock market is forecasted to demonstrate favorable growth prospects, leading to an expansion in market size.
The global Hammocks Market has experienced steady growth over the years, driven by several key factors. Firstly, the rising trend of outdoor recreation and leisure activities, including camping, hiking, and picnicking, has spurred the demand for hammocks as a lightweight and convenient sleeping option. Additionally, the growing awareness of the health benefits associated with spending time outdoors and engaging in nature-based activities has contributed to the increased popularity of hammocks.
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Furthermore, the hammocks market has benefited from the surge in demand for outdoor furniture and accessories, as consumers seek to create relaxing and cozy outdoor spaces. Hammocks’ aesthetic appeal and the sense of tranquility they bring have made them a sought-after addition to gardens and patios.
The market has also witnessed various product innovations and designs, catering to diverse consumer preferences. From traditional rope hammocks to modern parachute hammocks, manufacturers have introduced a wide range of options to meet the demands of different user demographics and activities.
The increasing popularity of eco-friendly and sustainable products has further driven the adoption of hammocks made from eco-conscious materials, such as organic cotton or recycled materials.
As consumers continue to prioritize relaxation, wellness, and spending time outdoors, the hammocks market is expected to witness sustained growth in the coming years. Manufacturers and retailers are likely to capitalize on these trends by offering innovative products and expanding their distribution networks to reach a broader customer base. The hammocks market, with its timeless appeal and versatility, presents a promising landscape for both established players and new entrants alike.
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Competitive Landscape
Some key players in the Hammocks market are Foxelli, Lazy Daze Hammocks, Winner Outfitters, Golden Eagle Outdoor, Eagles Nest Outfitters, Hammock Sky, Honesh, Wise Owl Outfitters, The Hammock Expert, REI, Mad G, Avion Gear and others.
- Hammocraft is a company designing a set quick building frames, which have additional supports on the rafts or kayaks or boats, where hammocks can be tied. This idea was launched in 2017, and was kind of a unique approach towards the hammock trend. These frame structure was easy to build and can hold up about five hammocks at a time, which is nearly 800 pounds weight.
- Tentsile, a camping solution company popular for their unique tree tents and hammocks has launched a two-person hammock called DUO Giant Hammock. This is a large hammock, measuring 13 ft. in height, requires three attachments. The hammock is designed in a way that it prevents the campers rolling into each other, reinforced with a seatbelt webbing.
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Key Segments Profiled In The Hammock Market
By Product Type:
- Rope
- Woven
- Camping
- Mayan
- Hammock Chair
- Others
By Material Used:
- Fabric
- Plastic
- Leather
- Others
By Application:
- Indoors
- Outdoors
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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