Hammocks Market to Grow by USD 47.076 million during 2020-2024, ATC Furniture and Best Choice Products Emerge as Key Contributors to Market Growth | Technavio
Technavio has been monitoring the hammocks market and it is poised to grow by USD 470.76 million during 2020-2024, progressing at a CAGR of almost 16% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the hammocks market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions-
Based on segmentation by material, which is the leading segment in the market?
The nylon hammocks are expected to be the leading segment based on material in the global market during the forecast period.
What are the major trends in the market?
Adoption of the portable hammock is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of almost 16%, the incremental growth of the market is anticipated to be USD 470.76 million.
Who are the top players in the market?
ATC Furniture, Best Choice Products, Danlong Hammocks, Eagles Nest Outfitters Inc., GRANDTRUNK, INCA Hammock Manufacturing & Export Pvt. Ltd., KW Hammock Co., LIAONING LUCKY JOHNNY TRADING Co. Ltd., Pawleys Island Hammocks, and Vivere Ltd. are some of the major market participants.
What are the key market drivers and challenges?
Increasing participation in outdoor recreational activities is one of the major factors driving the market. However, the uncertainty in the prices of raw materials restraints the market growth.
How big is the APAC market?
The APAC region will contribute to 31% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ATC Furniture, Best Choice Products, Danlong Hammocks, Eagles Nest Outfitters Inc., GRANDTRUNK, INCA Hammock Manufacturing & Export Pvt. Ltd., KW Hammock Co., LIAONING LUCKY JOHNNY TRADING Co. Ltd., Pawleys Island Hammocks, and Vivere Ltd. are some of the major market participants. Increasing participation in outdoor recreational activities will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this hammocks market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hammocks market report covers the following areas:
Hammocks Market Size
Hammocks Market Trends
Hammocks Market Analysis
This study identifies the adoption of the portable hammock as one of the prime reasons driving the hammocks market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist hammocks market growth during the next five years
Estimation of the hammocks market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the hammocks market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of hammocks market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Impact of COVID-19 pandemic on product segment
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Material
Market segments
Comparison by Material
Nylon hammocks - Market size and forecast 2019-2024
Rope hammocks - Market size and forecast 2019-2024
Canvas hammocks - Market size and forecast 2019-2024
Other hammocks - Market size and forecast 2019-2024
Market opportunity by Material
Market Segmentation by Style
Market segments
Comparison by Style
Hammock chairs - Market size and forecast 2019-2024
Mayan hammocks - Market size and forecast 2019-2024
Brazilian hammocks - Market size and forecast 2019-2024
Nicaraguan hammocks - Market size and forecast 2019-2024
Venezuelan hammocks - Market size and forecast 2019-2024
Market opportunity by Style
Customer landscape
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
ATC Furniture
Best Choice Products
Danlong Hammocks
Eagles Nest Outfitters Inc.
GRANDTRUNK
INCA Hammock Manufacturing & Export Pvt. Ltd.
KW Hammock Co.
LIAONING LUCKY JOHNNY TRADING Co. Ltd.
Pawleys Island Hammocks
Vivere Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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