Outdoor Adventure Gear Rental Market Size, Share, By Type (Tent, Sleeping Bag, Cooking Utensils, Lighting Device, Hiking Shoes, Backpack, Others), By Application (Individual, and Enterprise), By Distribution Channel (Online, and Offline), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Report Code: PMI526924 | Publish Date: June 2024 | No. of Pages: 185

Outdoor Adventure Gear Rental Market Overview

Outdoor Adventure Gear Rental Market Size was valued at US$ 17.75 billion in 2024 and is expected to grow at a CAGR of 6.7% to reach US$ 31.93 billion by 2034

Outdoor adventure gear includes various equipment designed for different activities such as hiking, camping, climbing, kayaking, and more.

The outdoor adventure equipment rental market is poised for significant growth, driven by the growing popularity of outdoor activities, rental cost efficiency, and environmental awareness. Addressing challenges such as maintenance and logistics, as well as capitalizing on emerging market and technology opportunities, can further enhance market expansion. Partnering with tourism businesses and promoting sustainable practices are key strategies to meet the growing demand for outdoor adventure equipment rentals.

Outdoor Adventure Gear Rental Market Dynamics

Key Drivers of Target Market:

Growing Popularity of Outdoor Activities:

  • The growing popularity of camping, hiking, and mountaineering drives demand for outdoor adventure equipment rentals. Modern lifestyles, characterized by long indoor hours and high-stress levels, have motivated people to seek outdoor activities for relaxation and adventure. This trend is especially noticeable among city dwellers looking for a temporary escape into nature. Renting equipment allows these enthusiasts to enjoy outdoor activities without the financial burden of purchasing expensive equipment, making the experience more accessible and engaging.

Expansion of Tourism Industry:

  • The global tourism industry is expanding rapidly, especially eco-tourism and adventure tourism. Travelers increasingly seek unique and enriching experiences, often including outdoor activities. Adventure travel, which includes rock climbing, kayaking, and hiking, requires specialized equipment that travelers may still need. The convenience of renting equipment at your destination enhances the travel experience by eliminating the need to carry bulky items.

Growing environmental awareness:

  • Growing environmental awareness has consumers looking for sustainable options, including renting instead of buying. The production and disposal of outdoor equipment contributes to ecological degradation. Leasing helps reduce waste by maximizing the use of existing products, thereby reducing the overall need for new items. This eco-friendly approach attracts environmentally conscious consumers who want to minimize carbon emissions and promote sustainable practices.

Restrains:

Maintenance and Quality Issues:

  • One of the biggest concerns consumers have when renting outdoor equipment is the quality and cleanliness of the equipment. Poorly maintained or substandard equipment can lead to an unsatisfactory or even dangerous outdoor experience. Rental companies must ensure high standards of maintenance and cleanliness to gain and maintain customer trust.

Logistics and Handling Issues:

  • The logistics of renting outdoor equipment can be tedious, especially regarding the pickup and return process. Customers may have difficulty accessing rental locations or returning equipment on time, especially in remote or underserved areas. Efficient logistics management and convenient service options, such as home delivery and flexible return policies, are crucial to addressing these challenges.

Opportunities:

Increasing Technological Advances:

  • Integrating technology into the leasing process can significantly improve the customer experience. The mobile app and online platform streamline the booking process, provide detailed product information, and facilitate payments. Technology can also help manage inventory, ensure equipment availability, and improve operational efficiency. Implementing advanced data analytics and tracking systems can provide insights into consumer preferences and optimize rental operations.

Rising Eco-friendly initiatives:

  • Promoting sustainable and eco-friendly rental equipment can attract more environmentally conscious consumers. Businesses can highlight their commitment to sustainability by offering products made from recycled materials, adopting green practices, and supporting environmental conservation initiatives. Highlighting these efforts in marketing campaigns can differentiate rental services and build a loyal customer base that values ??sustainability.

Outdoor Adventure Gear Rental Market Segmentation

The market is segmented based on Type, Application, Distribution Channel, and Region.

Type Insight:

  • Tent: Tents are essential for camping and hiking trips. Occasional campers looking to invest in an expensive tent drive demand for tent rentals. The rental service offers a variety of tents, from lightweight backpacking tents to full-sized family tents, to accommodate different needs and preferences.
  • Sleeping Bags: Sleeping bag rentals are popular among those who need specialized equipment for different climates and seasons. High-quality sleeping bags can be expensive, and renting them allows users to choose the right one for their specific trip without incurring a significant financial cost.
  • Cooking Utensils: Cooking gear, including portable stoves and cooking utensils, are essential for outdoor adventures. Renting these items is convenient for travelers who prefer home-cooked meals to pre-packaged foods. This segment is always in demand as it offers convenient solutions for outdoor meal preparation.
  • Lighting equipment: Lighting equipment such as lanterns, headlights, and flashlights are essential to ensure safety and convenience when operating at night. Renting these devices ensures explorers get the light they need without buying and maintaining their own equipment. 
  • Hiking shoes: Renting hiking shoes is an emerging trend, especially for travelers who don't want to carry bulky shoes or invest in expensive shoes for just one trip. This segment addresses the need for footwear tailored to specific terrain and conditions. 
  • Backpack: Backpacks are essential for carrying gear on outdoor adventures. Renting a backpack allows users to choose the right size and type for their trip, enhancing comfort and convenience. This segment is driven by demand for high-quality, functional backpacks that withstand heavy loads and harsh conditions.
  • Other: This category includes many other types of essential equipment, such as GPS devices, trekking poles, water purifiers, and safety equipment. This segment's versatility meets the diverse needs of adventurers, making it a valuable addition to rental offerings.

Application Insights

  • Individual: The personal segment constitutes the most significant outdoor equipment rental market, driven by solo travelers, families, and small groups. Equipment rental offers flexibility and cost savings to those who do not have the means or do not want to purchase their equipment. This segment includes casual adventurers and tourists seeking convenience and accessibility.
  • Enterprise: Businesses, including tour operators, adventure clubs, and event organizers, are also contributing significantly to the market. These organizations often rent equipment to their customers, ensuring a smooth adventure experience. Group rentals and long-term partnerships with rental companies are widespread, supporting large groups and events.

Distribution Channel Insights

  • Online: The online segment is growing rapidly thanks to the convenience of booking and home delivery services. Online platforms provide easy access to a wide range of products, customer reviews, and competitive prices, making them the preferred channel for many consumers. The growth of e-commerce has contributed mainly to the development of this segment. 
  • Offline: Despite the rise of online services, offline channels such as outdoor specialty stores, sports stores, and specialty rental locations remain important. They offer personalized customer service, immediate availability, and the ability to physically inspect equipment before renting. Physical stores provide tactile experiences and expert advice, which many consumers highly value.

Regional Insights

  • North America: North America is the leading market for outdoor adventure equipment rentals, supported by a robust outdoor culture and long-standing rental services. The presence of major national parks and tourist attractions further stimulates demand. The region's high disposable income and solid environmental consciousness contribute to the market growth. 
  • Europe: Europe has a large outdoor equipment rental market led by countries such as Germany, the United Kingdom, and the Nordic countries. The area's diverse landscape and emphasis on ecotourism are driving the rental market. European consumers' high environmental awareness and their preference for sustainable travel options also supported growth. 
  • Asia Pacific: The Asia Pacific region is growing rapidly due to rising disposable incomes, tourism growth and interest in outdoor activities. Countries such as China, Japan, India and Australia are key markets in this region. The growing middle class and the expanding e-commerce sector also contribute to market expansion. 
  • Latin America: Latin America is emerging as a potential market with increased tourism and adventure activities. Countries like Brazil and Argentina are seeing growth in ecotourism, supporting demand for equipment rentals. The region's rich natural landscape and growing interest in sustainable tourism offer significant opportunities.
  • Middle East and Africa: The market in the Middle East and Africa is gradually growing, driven by growth in tourism and the promotion of outdoor activities. The UAE and South Africa are notable markets in this region with growing infrastructure and awareness of outdoor adventures. The area's unique landscapes and cultural heritage attract tourists seeking adventure experiences.

Outdoor Adventure Gear Rental Market Report Scope:

Attribute

Details

Market Size 2024

US$ 17.75 billion

Projected Market Size 2034

US$ 31.93billion

CAGR Growth Rate

6.7%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type- Tent, Sleeping Bag, Cooking Utensils, Lighting Device, Hiking Shoes, Backpack and others

By Application- Individual,  and Enterprise

By Distribution Channel- Online, Offline

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, Application, Distribution Channel, and Region:

Segmentation:

By Type:

  • Tent
  • Sleeping Bag
  • Cooking Utensils
  • Lighting Device
  •  Hiking Shoes
  • Backpack
  • Others

By Application:

  • Individual
  • Enterprise

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Outdoor Adventure Gear Rental Market Key Players

The key players operating the Outdoor Adventure Gear Rental Market include OutdoorsGeek, Arrive Outdoors, Low Gear Outdoors, Iceland Camping Equipment, Recreational Equipment, Packlist, Rent-a-Tent, Last Minute Gear, Mountain Side Gear Rental, Overnight Adventures, Outdoorhire, Exclusive Sport Rentals, Basecamp, Wooded Nomad, Pitch A Tent Kauai, The Equipment Library, Effortless Adventure, Ascent Outdoors, and Campfire Ranch.

Outdoor Adventure Gear Rental Market Key Issues Addressed

  • In January 2024, OnePlus introduced its latest travel product, the OnePlus Adventure Backpack, along with the OnePlus 12 series in India. This backpack has a rugged, nature-inspired design and features the classic OnePlus logo. It is made of durable 900D polyester fabric resistant to wrinkles and damage. This backpack also has a waterproof coating, helping to protect you on rainy days.
  • In September 2023, French sportswear brand Decathlon opened a new store in Chennai with an area of ??about 13,000 square meters. ft. The store is located at Marina Mall, Old Mahabalipuram Road (OMR), Egattur, and Chennai. The store offers a wide range of sports clothing and equipment for men, women, and children, covering various categories such as outdoor, aquatic, fitness, racquet, team, cycling, running, walking, rollerblading, and target practice. It also has a 350-square-foot digital experience/play area.
  • In April 2023, British outdoor equipment brand OLPRO announced the launch of the OLPRO Floating Tent. The tent is made from lightweight, durable materials, including an advanced helium gas system that helps the tent float in the air. It can be easily inflated and deflated, accommodate up to four people, and has a comfortable sleeping area that can be separated into two compartments.
  • In March 2023, Johnson Outdoor Inc., a leading global innovator of outdoor recreation equipment and technology, signed an agreement to sell Eureka Line, a line of military and commercial tent products, and a camping business for Rekord Group, a leading company in the commercial sector. , events tents and military structures.

Outdoor Adventure Gear Rental Market Company Profile

  • OutdoorsGeek*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arrive Outdoors
  • Low Gear Outdoors
  • Iceland Camping Equipment
  • Recreational Equipment
  • Packlist
  • Rent-a-Tent
  • Last Minute Gear
  • Mountain Side Gear Rental
  • Overnight Adventures
  • Outdoorhire
  • Exclusive Sport Rentals
  • Basecamp
  • Wooded Nomad
  • Pitch A Tent Kauai
  • The Equipment Library
  • Effortless Adventure
  • Ascent Outdoors
  • Campfire Ranch

“*” marked represents similar segmentation in other categories in the respective section.

Outdoor Adventure Gear Rental Market Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Country
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis

Market Segmentation, Type, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Tent
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Sleeping Bag
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends
  • Cooking Utensils
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends
  • Lighting Device
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hiking Shoes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years Segment Trends
  • Backpack
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends

Market Segmentation, Application, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Individual
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Enterprise
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Distribution Channel, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Online
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Offline
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market, By Region, Forecast Period Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
    • OutdoorsGeek*
    • Arrive Outdoors
    • Low Gear Outdoors
    • Iceland Camping Equipment
    • Recreational Equipment
    • Packlist
    • Rent-a-Tent
    • Last Minute Gear
    • Mountain Side Gear Rental
    • Overnight Adventures
    • Outdoorhire
    • Exclusive Sport Rentals
    • Basecamp
    • Wooded Nomad
    • Pitch A Tent Kauai
    • The Equipment Library
    • Effortless Adventure
    • Ascent Outdoors
    • Campfire Ranch

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Outdoor Adventure Gear Rental Market was valued at US$ 17.75 billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 31.93 billion by 2034

Outdoor Adventure Gear Rental Market is segmented into Type, Application, Distribution Channel, and Region.

Factors driving the market include the growing popularity of outdoor activities, expansion of the tourism industry, and growing environmental awareness.

Restraints of the Outdoor Adventure Gear Rental Market include maintenance & quality issues and logistics & handling issues.

Outdoor Adventure Gear Rental Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Outdoor Adventure Gear Rental Market includes OutdoorsGeek, Arrive Outdoors, Low Gear Outdoors, Iceland Camping Equipment, Recreational Equipment, Packlist, Rent-a-Tent, Last Minute Gear, Mountain Side Gear Rental, Overnight Adventures, Outdoorhire, Exclusive Sport Rentals, Basecamp, Wooded Nomad, Pitch A Tent Kauai, The Equipment Library, Effortless Adventure, Ascent Outdoors, and Campfire Ranch.