Here's How Sleeping Bags Market Keep Key Segments Growth Rolling
A sleeping bag, which has insulated cover, is used as a bed by individuals in various outdoor expeditions including in trekking, camping and mountaineering and hill walking. It is a lightweight quilt or similar to a blanket that can be closed with a zipper. This portable bag also protects individuals against wind, cold weather and rain during outdoor recreation activities. Increasing outdoor activities, and growing interest of young adults in adventure tourism is a key factor, driving market growth. According to AMA, the Global Sleeping Bags market is expected to see growth rate of 4.0%
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1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Type (Rectangular, Mummy, Other), End users (Adults, Children), Temperature (Below 5 degree, 5-25 degree, Above 25 degree), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Sleeping Bags market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are The Coleman Company, Inc. (United States), Teton Sports (United States), mont-bell Co.,Ltd. (Switzerland), OutdoorsmanLab (United States), Wenzel Tent & Gear Co.(United States), ALPS Mountaineering (United States), Recreational Equipment, Inc. (United States)
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
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Key Insights that Study is going to provide:
• Revenue splits by most promising business segments.
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players.
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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