Europe Trekking Rucksack Market 2021 Recent Industry Developments, SWOT Analysis, Important on COVID 19 Outbreak, Growth Strategies Adopted by Top Key Players Worldwide and Assessment to 2027 available in the latest report

The trekking rucksack market in Europe is expected to grow from US$ 706.38 million in 2021 to US$ 990.32 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. Flashpackging or poshpackging refers to backpacking with a higher budget. A flashpacker is an affluent backpacker with more disposable income to spend during the travel. They have a higher budget set aside for their treks and travel in luxury. Flashpackers are a potential customer target for the premium or luxury trekking rucksack manufacturers as the former can easily opt for highly priced rucksacks with advanced features. According to the statistics cited by the Condor Ferries ltd, millennials and younger Gen Z’s account for the majority of the flashpackers as they are the highest spenders. While travelling, they can spend up to US$ 3,500 per trip or US$ 60 per day. As per the data revealed by the United Nations, Department of Economic and Social Affairs, millennial accounted for approximately 23% of the worldwide population i.e., 1.8 billion millennial, in 2020. Whereas Gen Z accounted for nearly 32% of the world population in 2019, according to the data cited by Bloomberg.

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Key companies profiled in this research study are:
Arcteryx
Deuter Sport GmbH
Osprey Packs, Inc.
HYPERLITE MOUNTAIN GEAR
GRANITE GEAR LLC
Vango
Equip Outdoor Technologies UK LTD

Europe Trekking Rucksack Market Segmentation:

Europe Trekking Rucksack Market – By Capacity
Upto 24 litres
25-50 litres
More than 50 litres

Europe Trekking Rucksack Market – By Material
Nylon
Polyester
Canvas
Others

Europe Trekking Rucksack Market – By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online Retail
Others

Europe Trekking Rucksack Market – By Country
Germany
France
Italy
UK
Russia
Rest of Europe

Key Market Segments:
In terms of capacity, the 25-50 litres segment accounted for the largest share of the Europe trekking rucksack market in 2020. In terms of material, the nylon segment accounted for the largest share of the Europe trekking rucksack market in 2020. In term of distribution channel, the specialty store segment held a larger market share of the trekking rucksack market in 2020.

The reports cover key developments in the Trekking Rucksack Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

Business Market Insights dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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Major Features of Europe Trekking Rucksack Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Trekking Rucksack Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Europe Trekking Rucksack Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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