Hiking Backpacks Market 2021 Key Players, SWOT Analysis, Key Indicators and Forecast to 2025

The hiking backpacks are specially designed for various applications such as comfortable day hikes or short overnight trips. The hiking backpacks are mainly used for outdoor recreational activities such as camping, hiking, and trekking.

The increasing demand for sporting activities and the younger population, particularly millennials drive the market for hiking backpacks.

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Also, hiking backpacks are made of aluminum or other durable materials to equally distribute the load on shoulders and hips, and making them easy to carry for several hours. The hiking backpacks offer various benefits such as ultralight, good back ventilation, and easy to reach water bottles inside pockets, nearly waterproof, among others.

Impact of COVID-19 Pandemic Outbreak on Hiking Backpacks Market

The clothing, backpacks, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide.

The expected decline in the global sales of clothing, backpack, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India.

Owing to the spreading of the COVID-19 virus in all the regions are shutting down all the tourist places, trekking, and sports activity and different verticals demand-side challenges for the hiking backpacks, it registering a declining growth of -2.5% as compared to the original forecast of 6% in 2019.

However, it is expected to the COVID-19 pandemic situation gets controlled during Q3-Q4, 2020, the market return to annual growth in 2021 up to 6% as the growing trend of adventure tourism, and increasing consumer participation in hiking activities.

Hiking Backpacks Market: Drivers and Challenges

The growing need for hiking backpacks for the increasing popularity of outdoor recreational activities, comfortable to transport, drives the hiking backpacks market.

The hiking backpacks offer different features such as lightweight, customizable, affordable, and good pocket organization. The reliability of such features drives the growth of the hiking backpacks market.

Moreover, the rising demand for hiking backpacks for increasing participation in outdoor activities is propelling the demand for hiking backpacks market. Hiking backpacks are also used for trekking and other adventure purposes.

The growing consumer attraction towards various outdoor sports and different adventures is boosting the demand for the hiking backpacks market.

Challenges

However, average weather protection and one mesh hip-belt pocket lack of durability are witnessed challenging the growth of the hiking backpacks market.

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Restricted demand for the product across various countries, owing to the additional cost and size of the hiking backpacks required across various industry verticals in the respective countries, is another factor hindering the growth of the global hiking backpacks market.

Hiking Backpacks Market: Competition Landscape

Cosmus Bags Private Limited
AMG Group
Deuter Sport GmbH
Osprey Packs, Inc.
Wildcraft

Hiking Backpacks Market: Regional overview

By geography, the hiking backpacks market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA (the Middle East & Africa).

Among these regions, North America, & Europe have held comparatively higher market shares in the global hiking backpacks market due to the presence of hiking backpacks manufacturers and strong end-use industry verticals demanding the hiking backpacks in these regions.

The growing consumer attraction towards different treks across the South Asia & Pacific region will create new growth opportunities for the players in the hiking backpacks market.

The hiking backpacks market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The hiking backpacks market report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

Hiking Backpacks Market Segments
Hiking Backpacks Market Dynamics
Hiking Backpacks Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Technology
Value Chain of the Market
Hiking Backpacks Market Drivers and Restraints

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, Italy, U.K, Spain, France, BENELUX, & Russia)
East Asia (China, South Korea, & Japan)
South Asia & Pacific (India, ASEAN, Australia & New Zealand)
The Middle East and Africa (GCC Countries, Turkey, South Africa)
Report Highlights:

Detailed overview of parent hiking backpacks market
Changing hiking backpacks market dynamics in the industry

In-depth market segmentation
Historical, current, and projected hiking backpacks market size in terms of volume and value
Recent industry trends and developments

Competitive landscape of hiking backpacks market

Strategies of key players and solutions offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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125051

Hiking Backpacks Market: Segmentation

The hiking backpacks market has been segmented based on type, distribution channel, application, and region.

Based on Distribution Channel

Specialty stores
Retail stores
Online

Based on Type

Day Packs
Backpacking Packs
Travel Bags

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