The hammock market is projected to reach $639.8 million by 2030, driven by the popularity of outdoor activities and health benefits associated with hammocks.
According to a new report published by Allied Market Research, titled, “Hammock Market by Type, Material, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”
The hammock market is primarily driven by the popularity of outdoor activities among people all around the world. The hammock market growth is positively influenced by travel and recreation industry. Furthermore, increased investment by professional hikers and video loggers on quality gear also drives the market growth.
In addition, consumers are now becoming more health conscious due to work-related stress and lifestyle disorders. As a result, working individuals opt for fitness regimes such as hiking and adventure tourism to remain healthy, and active in daily life. A large number of individuals are investing their time in performing hiking activities to keep themselves fit and healthy. This has created high demand for hiking gear including hammocks among all age groups, thereby, fostering the market growth.
The global hammock market size was valued at $380.2 million in 2020, and is projected reach $639.8 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.
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Sleeping in hammocks can have several health benefits for the body. It can lead to a better sleep and can help relieve insomnia and back pain. Hammocks will move the body naturally into the best position for sleeping and hold the body in the same position. Furthermore, the users head is slightly elevated above their body, which is perfect for a restful sleep. It also helps the user fall asleep faster, a reason for which is the swaying of the hammock. Sleeping on hammocks also alleviates pressure from the back and shoulders, which also reduces pain in those areas and helps in sleeping more peacefully. While camping or in the house, sleeping on hammocks can help stay away from bugs and insects, especially inside the house, it can help reduce dust mites. These health benefits associated with hammocks are expected to provide lucrative opportunities for the market expansion.
The global report is studied on the basis of type, material, sales channel and region. By type, the global market is bifurcated into spreader bar and conventional hammocks. By material, the market is studied across cotton, polypropylene, and others. By sales channel, the market is segmented into offline channel and online channels.
Some of the major players profiled for in the hammock market analysis include Danlong Hammcoks, Eagles Nest Outfitters, Golden Eagle Outdoor, Grand Trunk, Inca Hammocks, La Siesta, Lawson Hammock Company, Liaoning LuckyJohnny Trading Co., Ltd, The Hammock Source, and Wise Owl Outfitters. Other prominent players analyzed in the market report are Bliss Hammocks, KW Hammock, Lazy Daze Hammocks, Foxelli, Mad Grit, Avion Gear, Hammock Sky, and Newdora.
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The article discusses the projected growth of the hammock market, expected to reach $639.8 million by 2030.
The growth is driven by the popularity of outdoor activities, health benefits, and increased investment in hiking gear.
Hammocks can improve sleep quality, alleviate back pain, and reduce exposure to dust mites and insects.
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