NEWARK, Del, Nov. 17, 2022 (GLOBE NEWSWIRE) -- The sleeping bags market stands at US$ 1.65 Bn as of now, and is expected to reach US$ 3.05 Bn by the year 2032 at a CAGR of 6.3% between 2022 and 2032.
The key factors driving the sleeping bags include increasing popularity of the outdoor recreational activities, growing awareness regarding rock climbing, and camping sites being vigorously promoted on online platforms and social media channels. Online platforms have mushroomed at a much better rate than before herein. As such, several manufacturers are using them to sell their sleeping bags. The prominent players in this regard include Columbia Sportswear, AMG Group, V F Corp, Big Agnes, Oase Outdoors, Johnson Outdoors, Vaude, Exxel Outdoors, Gelert, and – not to forget – Snugpak and Jarden.
The key participants mentioned above are emphasizing on innovation for strengthening the foothold in sleeping bags market. They are engaging in organic as well as inorganic modes of expansion. They include mergers, acquisitions, joint ventures, partnerships, new product launch, and likewise.
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Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Sleeping Bags Market’. It has its entire team of experts in the form of analysts and consultants for this execution. The bottom-up approach has been used, so that every minute detail could be captured. Inorganic expansion is likely to go a long way toward sustainability of market.
The synthetic fill could be further categorized into thermolite, polarguard, and likewise. The major advantage of a synthetic fill is that it tends to keep the user warm even if it gets wet. This is due to the fact that moisture stays confined between the synthetic fibers in place of inside them. Also, synthetic bags get dried easily. All that needs to be done is – expose them to the sun for an hour or so. Additionally, with youth vying for sleeping bags, there wouldn’t be anything to hold the sleeping bags market back in the near future.
Key Takeaways from Sleeping Bags Market
- With North America housing hordes of professional mountaineers and rock climbers, it’s expected to hold a significant market share in the sleeping bags market in the forecast period. As of now, it holds more than 50% of the overall market share.
- Europe holds more than 20% of the market share on the similar grounds.
- The Asia-Pacific is expected to grow at the fastest rate in the sleeping bags market due to the end-users preferring sports and fitness activities. The situation is expected to take a voracious turn in the forecast period.
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Competitive Landscape
- Snugpak has its range of sleeping bags including Softie® 3, Softie ® 6, Softie ® 9, Softie ® 10, Softie ® 12, Softie ® 15, Softie ® Antarctica, Softie ® Elite 1, Special Forces System, and likewise.
- Jarden Custom has its ‘Coleman Stratus Fleece Sleeping Bag’, which does keep one warm even in temperatures as low as 50 degree Fahrenheit. The ZipPlow system does plow away fabric for preventing snagging at the time of zipping.
“With the number of outdoor enthusiasts rising at an alarm rate, the global sleeping bags market is bound to grow at an exponential rate in the near future”, says an analyst from Future Market Insights.
What does the Report Cover?
- The research study is based on demography (male, female, and unisex), by insulation type (synthetic and down), by size (kinds, long, and regular), by shape (mummy shape and rectangular shape), and by sales channel (multi brand stores, independent retailers, supermarket/hypermarket, online sales, company website, 3rd party online sales, and specialty stores.
- The fact that a sleeping bag could act as a lightweight, portable bedding to someone sleeping outside, say – while trekking, camping, climbing, or hill walking. The major functionality is that of offering warmth and thermal insulation through down or synthetic insulation is expected to help the market witness a major overhaul in the sleeping bags market in the forecast period.
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Key Segments Covered in the Sleeping Bags Industry Report
Demography:
- Male
- Female
- Unisex
Insulation Type:
- Down
- Synthetic
Size:
- Kids
- Long
- Regular
Shape:
- Rectangular Shape
- Mummy Shape
Sales Channel:
- Multi Brand Stores
- Independent retailers
- Supermarket/Hypermarket
- Online Sales
- Company Website
- 3rd party Online Sales
- Specialty stores
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
4. Global Sleeping Bags Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume(Mn units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume(Mn units) Projections, 2022-2032
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