Press release
Backpack Market Size is Expected to Exhibit US$ 30.85 Billion by 2029 |adidas, Under Armour, Patagonia, PUMA Group, Wildcraft India
Backpack Market
This information is provided by Fortune Business Insights™ in its research report, titled "Backpack Market, 2022-2029".
Get a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/backpack-market-103853
Fortune Business Insights™ lists out all the backpack market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
• Adidas AG (Germany)
• Under Armor Inc. (U.S.)
• Patagonia Inc. (U.S.)
• Puma SE (Germany)
• Wildcraft (India)
• Samsonite IP Holdings S.AR.L (Hong Kong)
• Dakine Inc. (U.S.)
• Deuter Sport GmbH (Germany)
• Moët Hennessy Louis Vuitton (LVMH ) (France)
• Safari (India)
Report Coverage:
The report gives an insight into the major trends impelling industry expansion over the forthcoming years. It further provides an in-depth analysis of the key factors propelling the business landscape across various regions. Additional insights comprise the key steps taken by major industry participants for strengthening their market presence.
Drivers and Restraints:
Industry Value to Surge Due to Escalating Adoption of Mobile Lifestyle
The backpack market growth can be credited to the increasing adoption of mobile lifestyle and rapid increase in urbanization. The escalating mobile lifestyle is attributed to the rising advancements in infrastructure and growing disposable income of individuals in urban areas.
However, the industry expansion is likely to be hampered on account of rising production of counterfeit products and their illegal sale.
Segments:
Travel Segment to Register Appreciable Expansion due to Growing Number of Consumer-centric Designs
Based on product type, the market is segmented into hiking/camping, travel, and others. Of these, the travel segment is expected to register commendable expansion over the forecast period considering the availability of smart backpacks.
Nylon Segment to Record Commendable Growth Owing to Highly Adaptive Nature
On the basis of material, the market can be fragmented into polyester, nylon, and others. The nylon segment is estimated to expand at a considerable CAGR over the study period. The material is adaptive and can be made into films and fibers. This explains its wide usage among manufacturers.
Offline Channel Segment to Gain Prominence due to Availability of Various Products
Based on distribution channel, the market is subdivided into offline channel and online channel. Of these, the offline channel segment is estimated to record lucrative expansion over the analysis period. The surge can be attributed to the easy accessibility and convenience of location near residential areas. The different products available include sports, hiking/trekking, travel, and casual backpacks.
On the basis of region, the market is studied across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
Regional Insights:
North America to Lead due to Higher Disposable Income and Availability of Various Facilities
The North America backpack market share is estimated to register commendable growth over the forecast period. The surge can be attributed to the higher disposable income of individuals and the presence of various infrastructure facilities in Canada and the U.S.
The Asia Pacific market is set to expand at a remarkable CAGR throughout the estimated period. The rise can be credited to the increasing popularity of road trips and solo trips in developing countries.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/backpack-market-103853
Competitive Landscape:
Market Players Strike Collaborations to Strengthen Industry Presence
Leading companies are centered on the implementation of various strategies for strengthening their market presence. These include mergers, acquisitions, increase in research activities, and the formation of alliances. Besides, numerous companies are entering into partnership deals and collaborations for expanding product reach.
Key Industry Development:
May 2020 - Sprayground rolled out a new backpack collection, dubbed Miami 305. The collection comprises two duffle bags and two backpacks.
Frequently Asked Questions (FAQs):
1. Is the Backpack Industry growing?
Answer: Fortune Business Insights says that the global market size was USD 11.07 billion in 2021 and is anticipated to reach USD 30.85 billion by 2029.
2. Who are the key players in the Backpack Market?
Answer: Adidas AG, Under Armor Inc., Puma SE, Wildcraft, and Samsonite IP Holdings S.AR.L IP Holdings S.AR.L are the leading companies operating in the market.
3. What are Key Factors Raising the Market?
Answer: The growing prevalence of camping and recreational activities is accelerating market growth.
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/backpack-market-103853
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Backpack Market Size is Expected to Exhibit US$ 30.85 Billion by 2029 |adidas, Under Armour, Patagonia, PUMA Group, Wildcraft India here
News-ID: 2900964 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Backpack
Global Sports Backpack Market Size by Application, Type, and Geography: Forecast …
According to Market Research Intellect, the global Sports Backpack market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for sports backpacks is expanding significantly due to rising outdoor and fitness activity involvement. The…
Key Influencer in the Active Backpack Market 2025: Surge In Recreational Activit …
What combination of drivers is leading to accelerated growth in the active backpack market?
The rise in recreational activities is anticipated to fuel the expansion of the active backpack market in the future. When we talk about recreational activities, we're typically referring to leisure activities that take place outdoors, often in natural settings. Active backpacks are multifunctional, and they're useful for a variety of outdoor activities, including hiking, camping, travelling, cycling,…
Global Backpack Travel Bag (Backpack, Rolling Backpack) Market Status and Future …
ReportsnReports.com adds "Global Backpack Travel Bag Market Status and Future Forecast 2015-2024" report to its research store.
Access this Global Backpack Travel Bag Market report at https://www.reportsnreports.com/reports/1911632-global-backpack-travel-bag-market-status-and-future-forecast-2015-2024.html.
Market Segment as follows: By Region
Global (Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru])
Key Content (Including…
Smart Backpack Market Report 2018: Segmentation by Type (Office Backpack, Travel …
Global Smart Backpack market research report provides company profile for Co.Alition, TYLT, Ghostek, Kopack, MOS Pack, Poros, Ampl Labs, Mancro, Targus, Trakk and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
Backpack Travel Bag Market Report 2018: Segmentation by Product (Backpack, Rolli …
Global Backpack Travel Bag market research report provides company profile for Lowe Alpine, Deuter, Standard Luggage Co, Timbuk2, Herschel Supply, Samsonite, Osprey, VF Corporation, Victorinox, Traveler's Choice and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to…
Report Explores the Global Backpack 2022
In this report, the global Backpack market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Backpack in these regions, from 2012 to 2022 (forecast), covering
North America…
