Air tubes, rather than plastic or steel rods, support inflatable tents. Inflatable tubes provide the tent's structure, eliminating the need for heavy tent poles. The most significant advantage of an inflatable air tent is its ease of setup.
The visibly growing adventure tourism trend in APAC is also identified to point to promising business opportunities for manufacturers and distributors of inflatable tents in the region. FMI study projects significant yearly growth for the APAC inflatable tents market in the next couple of years – underlining relatively higher growth in India, Australia, and China.
Inflatable tents have seen strong sales in recent years, primarily due to military and commercial applications. The market for inflatable tents is expected to exceed US$ 750 million in 2019, with an estimated 7.5 percent year on year revenue growth.
According to a new intelligence study from Future Market Insights, the majority of the growth in the inflatable tents landscape will remain concentrated in developed markets, particularly the United States and Western Europe. According to the report, the inflatable tents landscape is on the verge of discovering a promising growth scenario within Asia Pacific in the coming years.
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North America & Europe Make up for most of the Revenue in Inflatable Tents Landscape
The US alone is the massive revenue generator in the global inflatable tents landscape, as over a million US-based families have been camping each year in the recent past. On the other side, Europe inhabits a vast millennial population that frequently plans adventure tours and camping activities, directly encouraging sales of gear such as inflatable tents.
North America currently holds just-under 1/3rd share of the global revenue, which is clearly attributed to the widening application base in military and adventure tourism. Whereas, growing demand for inflatable tents for personal applications is shaping the European market.
Segmental Analysis of Inflatable Tents Landscape
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Key Insights Drawn from Competitive Landscape Analysis of Inflatable Tents Market
The global market for inflatable tents is a highly fragmented competitive landscape governed by a large number of small players, accounting for the lion’s share in the total revenue. The Tier 1 players include both private and public companies that have strong global presence; however, they account for a mere 25% share in the inflatable tents market value.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 20, 2022