Dublin, Aug. 06, 2024 (GLOBE NEWSWIRE) -- The "Outdoor Backpacks - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Outdoor Backpacks is estimated at US$3.1 Billion in 2023 and is projected to reach US$3.8 Billion by 2030, growing at a CAGR of 3.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the outdoor backpacks market is driven by several factors. Increasing participation in outdoor recreational activities, such as hiking, camping, and backpacking, has significantly boosted demand for high-quality backpacks. The rise of adventure tourism and a growing interest in fitness and wellness activities contribute to this trend, as more people seek outdoor experiences for both leisure and health benefits. Technological advancements in materials and design have led to the development of more functional and durable products, appealing to a broad range of consumers, from casual hikers to serious adventurers.
Additionally, the expansion of online retail platforms has made it easier for consumers to access a wide variety of backpack options, fostering market growth. The influence of social media and outdoor lifestyle influencers also plays a crucial role, as they often highlight and review new backpack models, driving consumer interest and purchases. These factors collectively ensure a robust expansion of the outdoor backpacks market, catering to the diverse and growing demands of outdoor enthusiasts worldwide.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Outdoor Backpacks Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Outdoor Backpacks Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the 15-60 Liters Capacity Backpacks segment, which is expected to reach US$2.1 Billion by 2030 with a CAGR of a 3.5%. The Above 60 Liters Capacity Backpacks segment is also set to grow at 2.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $833.4 Million in 2023, and China, forecasted to grow at an impressive 6.1% CAGR to reach $777.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Columbia Sportswear Company, Deuter Sport GmbH, Eagle Creek, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 276 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.1 Billion |
| Forecasted Market Value (USD) by 2030 | $3.8 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Outdoor Backpacks - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Popularity of Outdoor and Adventure Activities Propels Market Growth
- Technological Innovations in Backpack Design and Materials Strengthen Business Case
- Increasing Demand for Multifunctional and Versatile Backpacks Drives Adoption
- Customization and Personalization Trends Sustain Growth
- Growing Awareness of Eco-friendly and Sustainable Products Generates Demand
- Impact of COVID-19 on Outdoor Recreational Activities Spurs Interest
- Growth of Health and Wellness Trends Accelerates Demand for Outdoor Gear
- Innovations in Backpack Ergonomics and Comfort Features Propel Adoption
- Expansion of Hiking and Camping Activities Boosts Market Opportunities
- Rising Disposable Income in Emerging Markets Drives Market Growth
- Increasing Female Participation in Outdoor Activities Throws Spotlight on Inclusivity
- Seasonal Trends and Marketing Campaigns Enhance Market Dynamics
FOCUS ON SELECT PLAYERS(Total 36 Featured)
- Columbia Sportswear Company
- Deuter Sport GmbH
- Eagle Creek
- Exxel Outdoors, LLC
- Helen of Troy Ltd. - Osprey Packs
- JACK WOLFSKIN Retail GmbH
- Kailas
- Patagonia, Inc.
- Pinewood AB
- Thule Group AB
- Timbuk2 Designs, Inc.
- VAUDE Sport GmbH & Co. KG
- VF Corp - Timberland
- Victorinox AG
- Wildcraft India Pvt. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/jmvl5y
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