by The camping power bank market is estimated to be valued at US$ 654.7 million in 2023 and is expected to exhibit a CAGR of 12.3% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A camping power bank is a portable charger that can be used to charge electronic devices like campings, tablets, and portable power devices during camping or hiking activities. Rapid urbanization and rising disposable incomes have contributed to an increasing number of people participating in outdoor recreational activities like camping. Camping power banks come with large battery capacities ranging from 10,000 mAh to over 20,000 mAh and can charge devices multiple times on a single charge. They are compact, durable, and water-resistant to withstand harsh outdoor environments.
Market Dynamics:
Increasing participation in outdoor recreational activities like camping, trekking and hiking is a major driver for the camping power bank market. According to data by the Outdoor Industry Association, outdoor recreation participation in the US grew by 7.1% from 2019 to 2020, with camping witnessing a 15.6% increase. A changing lifestyle with more emphasis on living an active lifestyle and disconnecting from technology is also fueling the demand for these power banks. Additionally, technological advancements have resulted in higher capacity power banks that can quickly charge devices multiple times. Manufacturers are also focusing on product innovation by developing power banks that are lightweight, compact and have additional features such as integrated LED flashlights.
Segment Analysis
The global camping power bank market is dominated by lithium-ion battery segment due to its high energy density, high discharge rates and low weight. Lithium-ion batteries have a higher power-to-weight ratio compared to lead-acid and lithium polymer batteries making them ideal for camping power banks which require high portability.
PEST Analysis
Political: Regulations related to transportation and usage of lithium-ion batteries influence the market growth.
Economic: Rising disposable incomes and increasing outdoor recreational activities are fueling the demand for portable power banks.
Social: Growing popularity of outdoor activities such as camping and hiking is driving the camping power bank market.
Technological: Advancements in battery technology have improved battery life, charging speeds and power capacity of camping power banks.
Key Takeaways
The global Camping Power Bank Market Size is expected to witness high growth, exhibiting CAGR of 12.3% over the forecast period, due to increasing popularity of outdoor activities. The North America camping power bank market accounted for largest revenue share in 2023 and is expected to maintain its dominance over the forecast period due to presence of leading manufacturers and growing participation in camping and hiking in the US.
Regional analysis
The North America camping power bank market is projected to grow at a CAGR of 11.8% during 2023-2030. The US dominates the North America market accounting for around 80% of the regional market share due to heavy investments in outdoor recreational activities in the country.
Key players
Key players operating in the camping power bank market are Anker, Duracell, EcoFlow, Goal Zero, Jackery, MAXOAK, NEXPON, Omnicharge, ORYTO, OUTXE, Pisen, RavPower, Rockpals, Samsung, Suaoki, X-DRAGON, Zendure, RIVER, Crave, Intova. Goal Zero and Jackery are the prominent players dominating the global market with their wide range of feature-rich power banks for camping.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
