Global Hammocks Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.45 Billion |
| Market Size (2029) | USD 1.77 Billion |
| CAGR (2024 - 2029) | 4.02 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Global Hammocks Market Analysis
The Global Hammocks Market size is estimated at USD 1.45 billion in 2024, and is expected to reach USD 1.77 billion by 2029, growing at a CAGR of 4.02% during the forecast period (2024-2029).
Hammocks are sling-like structures made of fabric rope woven into a net. They are often used for sleep in the wild and relaxation at the beach or in people's backyards. Polypropylene, followed by cotton, and various materials such as Nylon, Canvas, Parachutised Silks, etc., are widely used in the manufacture of hammocks. The key drivers of the worldwide market are rapid urbanization, rising income per capita, a boom in demand for housing space, and consumers' increased need to buy premium & luxury hammocks. Moreover, by adding a variety of home decors, furnishings, hammocks, and additional accessories to their houses, people are increasingly taking part in the renovation and design process.
Expanding the real estate sector creates high growth potential in China, India, Brazil, and South Africa. In addition, owing to their qualities of long-lasting durability, high comfort, tear resistance, breathability, and water resistance which have a major influence on growth in the global market, quality hammocks are becoming increasingly popular among residential consumers. But it is often outside of a city where essential amenities such as electricity and the internet are not available that leisure activities take place. In dangerous environments such as rainfall and thunderstorms, camping tents might be unable to cope. During the forecast period, certain constituents are causing hammocks to be exchanged.
Global Hammocks Market Trends
Rising Popularity of Outdoor Hammocks
In recent years, the demand for outdoor hammocks has surged, with an increasing number of individuals recognizing the joy of unwinding in nature's embrace. This upswing can be attributed to several key factors. Firstly, there's a notable uptick in the popularity of outdoor and adventure activities. As camping, hiking, and other outdoor pursuits gain traction, the demand for outdoor hammocks naturally follows suit. Hammocks offer a lightweight and comfortable respite for outdoor enthusiasts, serving as an ideal resting and sleeping solution.
Moreover, outdoor hammocks often come at a more affordable price point than alternative outdoor sleeping options, making them particularly appealing to budget-conscious consumers. With minimal equipment requirements, they provide an accessible way for individuals to savor the outdoors without breaking the bank.
Another catalyst for the outdoor hammock boom is the industry's expansion. Companies are increasingly honing their focus on crafting innovative products that align with user preferences. For instance, some manufacturers now offer hammocks equipped with built-in mosquito nets and rain tarps, enhancing their adaptability across diverse environments and weather conditions.
North American Hammocks Market Thrives on Outdoor Culture and Diverse Landscapes
The North American hammocks market is witnessing a surge in demand, buoyed by a robust outdoor recreation culture, favorable weather, and a growing affinity for outdoor pursuits. North America's diverse landscapes, ranging from majestic mountains and dense forests to sun-kissed beaches and sprawling urban parks, offer abundant opportunities for both relaxation and adventure. Hammocks, synonymous with leisure and comfort, have become a sought-after accessory for outdoor enthusiasts, campers, hikers, and even those seeking solace in their own backyards.
In the United States and Canada, the rising popularity of outdoor recreation and camping is fueling the demand for hammocks. These portable and lightweight alternatives to traditional camping gear have gained traction. Hammocks not only provide campers with a comfortable sleeping option but also elevate their rest experience by suspending them above the ground, away from rocks, roots, and pesky insects. Backpackers and wilderness adventurers, valuing compactness and versatility, are increasingly turning to hammocks as their go-to sleeping solution for multi-day hikes and backcountry expeditions.
While camping remains a key driver, hammocks have found a place in the hearts of many North Americans for backyard relaxation and outdoor leisure. Homeowners and outdoor enthusiasts alike are adorning their backyards, patios, and gardens with hammocks, transforming these spaces into serene retreats for lounging, reading, and even napping.
Global Hammocks Industry Overview
The Global Hammocks market is highly fragmented, with many domestic players who sell their products in the regional markets. International players pose tougher competition to the existing players and thus give immense scope for further product development and innovation. A few key players in the market include REI, Foxelli, Lazy Daze Hammocks, Winner Outfitters, and Wise Owl Outfitters, among many other actively functioning companies worldwide.
Global Hammocks Market Leaders
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REI
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Foxelli
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Lazy Daze Hammocks
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Winner Outfitters
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Wise Owl Outfitters
*Disclaimer: Major Players sorted in no particular order
Global Hammocks Market News
- February 2023: "Form Us With Love" and "Samsung Nordic" launched a hammock-like 'sofa' adapted for tomorrow's TV technology and watching behaviors.
- September 2022: Bliss Hammocks introduced a hammock chair stand that was much smaller, sturdy, and easily assembled compared to the usual types of chairs.
Global Hammocks Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing E-Commerce Segment Supporting The Hammocks Market
4.2.2 Growing Global Outdoor Tourism
4.3 Market Restraints
4.3.1 Unorganized Market In Asia Pacific Region
4.4 Market Opportunities
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Recent Development and Technological Innovations in the Markets
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Rope Hammock
5.1.2 Quilted Hammock
5.1.3 Brazilian Hammock
5.1.4 Other Product Types
5.2 By Material
5.2.1 Cotton
5.2.2 Nylon
5.2.3 Wood
5.2.4 Plastic
5.2.5 Other Materials
5.3 By Application
5.3.1 Outdoor
5.3.2 Indoor
5.4 By Distribution Channels
5.4.1 Online
5.4.2 Offline
5.5 By Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 South America
5.5.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 REI
6.2.2 Foxelli
6.2.3 Lazy Daze Hammocks
6.2.4 Winner Outfitters
6.2.5 Wise Owl Outfitters
6.2.6 Bliss Hammocks
6.2.7 Golden Eagle Outdoor
6.2.8 INCA Hammocks
6.2.9 Lawson Hammock Company*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Global Hammocks Industry Segmentation
A hammock is a strand of fabric or netting that stays suspended between two points with rope, chain, and other strong material. Hammocks are typically used for relaxation in modern times, but over the past few decades, they have also been used to sleep.
The Global hammocks market is segmented by product type, material, application, distribution channel, and geography. The market by product type is further segmented into rope hammocks, quilted hammocks, Brazilian hammocks, and others. The market by materials is further segmented into cotton, nylon, wood, plastic, and others. The market by application is further outdoor and indoor. The market by distribution channels is further segmented into online, and offline. The market by geography is further segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report offers market sizes and forecasts in value (USD) for all the above segments.
| By Product Type | |
| Rope Hammock | |
| Quilted Hammock | |
| Brazilian Hammock | |
| Other Product Types |
| By Material | |
| Cotton | |
| Nylon | |
| Wood | |
| Plastic | |
| Other Materials |
| By Application | |
| Outdoor | |
| Indoor |
| By Distribution Channels | |
| Online | |
| Offline |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa |
Global Hammocks Market Research Faqs
How big is the Global Hammocks Market?
The Global Hammocks Market size is expected to reach USD 1.45 billion in 2024 and grow at a CAGR of 4.02% to reach USD 1.77 billion by 2029.
What is the current Global Hammocks Market size?
In 2024, the Global Hammocks Market size is expected to reach USD 1.45 billion.
Who are the key players in Global Hammocks Market?
REI, Foxelli, Lazy Daze Hammocks, Winner Outfitters and Wise Owl Outfitters are the major companies operating in the Global Hammocks Market.
What years does this Global Hammocks Market cover, and what was the market size in 2023?
In 2023, the Global Hammocks Market size was estimated at USD 1.39 billion. The report covers the Global Hammocks Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Hammocks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Hammocks Industry Report
Statistics for the 2024 Global Hammocks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Hammocks analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
