Global Outdoor Backpacks Market 2017-2021

Global Outdoor Backpacks Market 2017-2021

About Outdoor Backpacks

Individuals who are engaged in outdoor recreational activities like camping, hiking, and trekking are the major consumers of outdoor backpacks. Different types of outdoor backpacks are available in the market to cater to the varying demands of consumers. The design of outdoor backpacks varies in terms of the following: capacity, insulation, raw material, and temperature rating. Consumers choose outdoor backpacks based on the duration of their trips and types of activities.

Technavio’s analysts forecast the global outdoor backpacks market to grow at a CAGR of 4.48% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global outdoor backpacks market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of outdoor backpacks to individual consumers globally.

The market is divided into the following segments based on geography:

• APAC
• Europe
• North America
• ROW

Technavio's report, Global Outdoor Backpacks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Arc'teryx
• Kelty
• Marmot Mountain
• Mountain Hardwear
• Thule

Other prominent vendors

• AMG Group
• CamelBak Products
• Dakine
• Deuter Sport
• Gelert
• Gregory Mountain Products
• High Sierra
• JanSport
• Osprey Packs
• Sierra Designs
• The North Face
• Wildcraft

Market driver

• Growing popularity of adventure sports
• For a full, detailed list, view our report

Market challenge

• Low awareness of outdoor activities in developing nations
• For a full, detailed list, view our report

Market trend

• Use of advanced technology to improve product features
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Outdoor Backpacks Market 2017-2021

Technavio recognizes the following companies as the key players in the global outdoor backpacks market: Arc'teryx, Kelty, Marmot Mountain, Mountain Hardwear, and Thule.

Other Prominent Vendors in the market are: AMG, CamelBak Products, Dakine, Deuter Sport, Gelert, Gregory Mountain Products, High Sierra, JanSport, Osprey Packs, Sierra Designs, The North Face, and Wildcraft.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of advanced technology to improve product features. The key competitors are offering backpacks for regular adventurists and travelers, and they are continuously innovating in terms of materials, weight, and quality. The demand for technologically advanced backpacks from customers is constantly increasing because of a rise in the complexities of natural environments.”

According to the report, one of the major drivers for this market is growing popularity of adventure sports. With the fast-paced and busy lifestyle, consumers are looking out for ways to de-stress. Owing to such needs, the demand for leisure activities and outdoor sports is on the rise, especially in urban areas. This factor, coupled with the growing health-consciousness and need to stay fit and healthy, is driving a significant number of people toward taking alternative physical activities.

Further, the report states that one of the major factors hindering the growth of this market is low awareness of outdoor activities in developing nations. There is a relatively low rate of awareness and interest in outdoor activities like camping, hiking, and trekking in developing countries. Individuals from these countries engage in outdoor activities only for fitness and other health needs. Though the youth population in emerging economies provides huge growth potential, key competitors still find it difficult to increase their customer base in these regions.

Companies Mentioned

Arc'teryx, Kelty, Marmot Mountain, Mountain Hardwear, Thule, AMG, CamelBak Products, Dakine, Deuter Sport, Gelert, Gregory Mountain Products, High Sierra, JanSport, Osprey Packs, Sierra Designs, The North Face, Wildcraft.