April 22, 2024
Camping Power Banks

Power Bank for Camping Market is poised to surge by 4.0% propelled by increasing outdoor activities

The power bank is a portable charger that allows users to charge electronic devices while camping. It is lightweight and compact making it easy to carry during hiking, trekking or other outdoor activities. Power banks for camping come with advanced lithium-ion battery technology offering high energy density, long battery life and fast charging capabilities. Features such as dual USB ports, LED battery indicators and protection against overheating make power banks suitable for camping. With growing participation in outdoor recreational activities, adventure sports and eco-tourism, demand for portable power solutions is rising.

The Global Power Bank for Camping Market is estimated to be valued at US$ 754.22 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2024 to 2030.

Key Takeaways

Key players: Key players operating in the Power Bank for Camping 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.

Growing demand: Increasing disposable income and interest in outdoor sports has boosted sales of camping gear including power banks. The growing popularity of photography and videography during travel has also augmented the demand.

Global expansion: Leading manufacturers are expanding their production capacity and geographic footprint to capitalize on the rising demand. Strategic partnerships and collaborations are helping companies penetrate untapped regional markets.

Market key trends

Larger capacity power banks with quicker charging technologies are gaining traction in the Camping Power Bank Market Demand . Models with 20000mAh or higher battery capacity offering 2-3 full charges for smartphones and tablets have grown in popularity. Fast charging support using technologies like Qualcomm Quick Charge is another emerging trend allowing devices to charge up to 50% within 30 minutes. This delivers convenience to users without compromising on power needs during outdoor trips and adventure activities.

Porter’s Analysis

Threat of new entrants: High capital requirements for large scales of production operations pose a barrier for new players.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of variety of products from different manufacturers.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power as raw materials required are commonly available.

Threat of new substitutes: Substitutes like power banks without camping functionality pose minimal threat due to strong customer preference for multipurpose camping power banks.

Competitive rivalry: Intense competition exist among existing players to gain major market share through innovative product features and competitive pricing.

Geographical Regions

North America accounts for the largest share of the global camping power bank market in terms of value owing to high rate of outdoor recreational activities like camping in countries like United States and Canada.

Asia Pacific region is expected to witness fastest growth over the forecast period driven by rising disposable incomes, growth in outdoor sporting activities and increasing number of young population inclined towards camping in emerging economies like China and India.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it