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:
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.
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.
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