February 24, 2024
Camping Power Banks Market

Camping Power Banks Market Are Expected To Be Flourished By Increasing Demand For Outdoor Recreational Activities

The camping power bank is a portable external battery pack that is used for charging electronic devices such as smartphones, tablets, portable chargers, and other gadgets during camping, hiking, and other outdoor activities. Camping power banks are available in different battery capacities ranging from 3000mAh to 30000mAh. These power banks are lightweight, compact in size, water-resistant, and come with features such as high-speed charging, LED indicators, and multiple output ports. The global camping power bank market witnesses high demand from outdoor enthusiasts, backpackers, campers, and adventure travelers who rely on portable power sources to charge their devices when off the grid.

The global camping power bank Market is estimated to be valued at US$ 654.7 Mn in 2024 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 Dynamics

Increasing demand for outdoor recreational activities: Outdoor recreational activities such as hiking, camping, trekking have grown in popularity in recent years. According to the Outdoor Industry Association, around 143.5 million Americans participated in outdoor recreational activities in 2020. The surge in outdoor leisure activities and adventure travel has boosted the demand for camping essentials including portable power banks. This remains a key driver propelling the camping power bank market growth.

Rising adoption of electric vehicles: Electric vehicles need to be frequently charged which also raises the requirement for portable power sources. Camping power banks not only charge EV batteries but also power other electronic devices at campsites. Moreover, the emergence of electric bikes, scooters, and boats has further augmented the demand.

Segment Analysis

The global camping power bank market is segmented by type, battery type, power capacity and distribution channel. By type, the market is dominated by portable power banks sub segment owing to the increasing adoption of portable electronic devices like smartphones, tablets that require power banks for continuous usage. By battery type, lithium-ion battery sub segment dominates due to high energy density and low self-discharging rate of lithium-ion batteries. By power capacity, 5000-10000mAh sub segment dominates as they can charge mobile devices at least twice and are lightweight. By distribution channel, online stores sub segment dominates due to convenient shopping and doorstep delivery options and wide range of products available online.

PEST Analysis

Political: There are no significant political risks affecting the global camping power bank market.
Economic: Rising disposable incomes and increasing spending on outdoor recreational activities are fueling the demand for camping power banks.
Social: Increasing participation in outdoor activities like camping, hiking and growing popularity of adventure tourism is driving the adoption of camping power banks.
Technological: advances in lithium-ion battery technology has enhanced the battery life and capacity of power banks. Usage of advanced charging technology like fast charging has also increased.

Key Takeaways

The global Camping Power Bank Market Growth is expected to witness high growth between 2023-2030 driven by rising outdoor recreational activities. The global camping power bank Market is estimated to be valued at US$ 654.7 Mn in 2024 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030.

The camping power bank market in Asia Pacific is expected to witness fastest growth due to increasing disposable incomes and growing popularity of outdoor recreational activities in densely populated countries like China and India.

Key players operating in the camping power bank market are focusing on developing lightweight and high capacity power banks. Monet Group offers Monet camping series power banks with capacities ranging from 5000mAh to 20000mAh. Tata Steel manufactures Tata Steel Recharge that offers 10000mAh capacity with dual USB ports.

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, and OM Holdings Ltd.

Key players operating in the camping power bank market are adopting strategies like new product launches, mergers and collaborations to increase their market share. For instance, in 2020, Eramet Group launched Ecobat- a lithium battery material joint venture with Chinese partner to expand its global footprint in lithium-ion battery market.

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