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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