Global Hydration Products Market 2017-2021
About Hydration Products
Hydration products are mainly used for sustained outdoor activities and recreational purposes. The various forms of hydration products include hydration packs, water bottles, and purification and filtration systems. Hydration packs are used as backpacks or waist packs that contain a reservoir or bladder to store water. The packs are commonly made of rubber or flexible plastic. Water bottles are another common form of hydration products, and are used for various sports activities, such as biking, running, and trekking. The bottles are attached to equipment, such as cycles, through accessories.
Technavio’s analysts forecast the global hydration products market to grow at a CAGR of 7.64% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydration products market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydration Products Market 2017-2021
Technavio recognizes the following companies as the key players in the global hydration products market: CamelBak, GEIGERRIG, HydraPak, and Osprey.
Other Prominent Vendors in the market are: CoolGear, Decathlon, Ergodyne, Samsonite, Leatt, and Salomon.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is smart and interactive hydration products. The growth in technological innovations can be seen across all product offerings. With regard to hydration products, various trends are developing in terms of product innovation. Few of the innovations in hydration products include smart hydration.”
According to the report, one driver in market is growing popularity of adventure sports. Outdoor activities such as trekking, running, biking, and other adventure activities are a key market for hydration products. The increase in outdoor activities over the years creates demand for hydration products over the forecast period. The popularity of outdoor sports is driven by the growth of international tourism globally. The growth in 2015, was 4.4% that accounts to1.18 billion worldwide in terms of tourist arrivals. The growth of the sector has resulted in better economic performance and creation of job opportunities. The 2015 figures, were influenced by the global economic changes, such as dollar fluctuation, oil and gas prices, terrorism, and other natural disasters, across the world. The exhibit below highlights the rate of change in tourism between 2014 and 2015
Further, the report states that one challenges in market is high cost of hydration products. Consumers use hydration products to keep themselves hydrated during activities. The main consumers of hydration products include sports people, military personnel, and individual consumers. Hydration products include water bottles, reservoirs, purification and filtration systems, and various accessories. The market for hydration products is dominated by key vendors occupying major shares in the market. Each vendor provides a variety of hydration products, catering to various customer segments. The price of the products offered is a differentiation factor among the vendors. However, hydration products are rated at a higher price, owing to its innovation and limited applications, as compared to regular water bottles.
CamelBak, GEIGERRIG, HydraPak, Osprey, CoolGear, Decathlon, Ergodyne, Samsonite, Leatt, and Salomon.
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