Market Size of Global Hammocks Industry
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 |
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 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 Size Summary
The global hammocks market is poised for steady growth, driven by increasing urbanization, rising disposable incomes, and a burgeoning demand for premium and luxury outdoor products. Hammocks, made from materials like polypropylene, cotton, and nylon, are gaining popularity as more consumers engage in home renovation and design, incorporating these versatile structures into their living spaces. The expanding real estate sector in countries such as China, India, Brazil, and South Africa presents significant growth opportunities. The appeal of hammocks is further enhanced by their durability, comfort, and resistance to environmental factors, making them a preferred choice for residential consumers seeking quality outdoor leisure solutions.
In North America, the hammocks market is experiencing a surge in demand, fueled by a strong culture of outdoor recreation and favorable climatic conditions. Hammocks have become a staple for outdoor enthusiasts, offering a lightweight and comfortable alternative to traditional camping gear. Their affordability and minimal equipment requirements make them an attractive option for budget-conscious consumers. The market is characterized by fragmentation, with numerous domestic players and international competitors driving innovation and product development. Companies are increasingly focusing on creating adaptable products, such as hammocks with built-in mosquito nets and rain tarps, to cater to diverse outdoor environments.
Global Hammocks Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing E-Commerce Segment Supporting The Hammocks Market
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1.2.2 Growing Global Outdoor Tourism
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1.3 Market Restraints
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1.3.1 Unorganized Market In Asia Pacific Region
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1.4 Market Opportunities
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1.5 Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Buyers/Consumers
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1.5.2 Bargaining Power of Suppliers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on Recent Development and Technological Innovations in the Markets
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Rope Hammock
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2.1.2 Quilted Hammock
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2.1.3 Brazilian Hammock
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2.1.4 Other Product Types
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2.2 By Material
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2.2.1 Cotton
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2.2.2 Nylon
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2.2.3 Wood
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2.2.4 Plastic
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2.2.5 Other Materials
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2.3 By Application
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2.3.1 Outdoor
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2.3.2 Indoor
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2.4 By Distribution Channels
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2.4.1 Online
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2.4.2 Offline
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2.5 By Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia-Pacific
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2.5.4 South America
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2.5.5 Middle East & Africa
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Global Hammocks Market Size 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.