HAMMOCK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The hammock market is estimated to be valued at USD 437.9 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The global hammock market has been gaining significant traction in the recent years. A hammock is a sling made of fabric, rope, or netting suspended between two anchors either attached to trees or poles used for relaxation. Hammocks have witnessed steady demand from outdoor enthusiasts, campers, and people looking for comfortable alternatives to portable beds and chairs. The rising popularity of nature tourism, camping, and outdoor adventure activities has been a key driver for the hammock market. Developed regions with high outdoor activity participation rates such as North America and Europe dominate the current demand landscape. However, developing Asian countries are emerging as new hotspots presenting lucrative opportunities. Increasing disposable incomes, growing millennial populations, and improving living standards in Asia Pacific will likely stimulate future growth of the hammock market over the coming years.

Market Dynamics:

The global hammock market is expected to grow at a steady pace during the forecast period influenced by various growth drivers, restraints, and opportunities. Rising outdoor activities like camping, hiking, and trekking supported by growing health and wellness trends have been primary growth drivers. The increasing participation of youth in such activities and the emergence of new adventure tourism destinations worldwide are creating sustained demand for lightweight and portable hammocks. However, the availability of alternative outdoor furniture products remains a key challenge. High import duties on hammock raw materials in certain developing countries also hinder widespread adoption. Key market opportunities include growing popularity of outdoor wedding ceremonies and celebrations, surge in resort bookings for glamping experiences, and emergence of innovative multi-functional hammock designs catering to wider applications.

Key Features of the Study:

• This report provides in-depth analysis of the global hammock market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global hammock market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include INCA Hammocks, Macrame Hammock, Amazonas , Wise Owl Outfitters, Avion Gear, Foxelli, The Hammock Expert, REI, Winner Outfitters, Hammock Sky, Grand Trunk, Golden Eagle Outdoor, Eagles Nest Outfitters, Lazy Daze Hammocks, Elevate Hammock Company, The Mexican Hammock Compan, WeDo Hammocks, and Burford Barn Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global hammock market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hammock market.

Detailed Segmentation-

• By Material:
• • Cotton
  • Polypropylene
  • Others
• By Type:
• • Spreader bar
  • Conventional
• By Sales Channel:
• • Offline
  • Online
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • INCA Hammocks
  • Macrame Hammock
  • Amazonas
  • Wise Owl Outfitters
  • Avion Gear
  • Foxelli
  • The Hammock Expert
  • REI
  • Winner Outfitters
  • Hammock Sky
  • Grand Trunk
  • Golden Eagle Outdoor
  • Eagles Nest Outfitters
  • Lazy Daze Hammocks
  • Elevate Hammock Company
  • The Mexican Hammock Compan
  • WeDo Hammocks
  • Burford Barn Ltd.