Trekking Rucksack Market with Competitive Analysis, Top Key Players, Market Growth, Opportunity, Trends, Forecast To 2028

The Insight Partners has added Latest Report on "Trekking Rucksack Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Capacity (Upto 20 Litres, 20-50 Litres, More Than 50 Litres), Material (Nylon, Polyester, Canvas, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)," the market was valued at US$ 3,349.66 million in 2021 and is projected to reach US$ 4,627.68 million; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Trekking rucksack is a type of backpack with additional pockets and hip or chest belts to carry a heavier load while trekking. Manufacturers of these sacks focus on the quality, material, and weight of the product to meet evolving consumer preferences that are influenced by comfort and environmental conditions. For instance, Amer Sports, through its Artery brand provides waterproof rucksacks made from per fluorinated chemicals (PFCs). Market players are also focusing on offering customized trekking rucksacks for women as the number of female trekkers is continuously rising worldwide.

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The Prominent/Emerging Players in the Trekking Rucksack Market includes:

• Arcteryx
• Deuter Sport GmbH
• Equip Outdoor Technologies UK Ltd
• Granite Gear LLC
• Mufubu
• Tripole Gears
• Vango
• Wildcraft
• Osprey Packs, Inc
• Hyperlite Mountain Gear Inc.

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 accounts for the majority of the flashpackers. 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, millennials (~1.8 billion) accounted for ~23% of the global population in 2020. Furthermore, according to the data cited by Bloomberg, Gen Z accounted for ~32% of the global population in 2019.

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Smart rucksacks introduced by the market players are incorporated with a charging port to enable trekkers to charge their mobile phones or other equipment while on a trek. Such products are also multipurpose in function as they can be used during trekking, camping, biking, hunting, and hiking trips, among others. Hence, continuous product innovations to cater the changing customer preferences is rendering profitable growth thereby driving the trekking rucksacks market.

By capacity, the global trekking rucksack market is segmented into Upto 20 litres, 20-50 litres, More Than 50 litres. Based on material, the market is segmented into less than nylon, polyester, canvas, and others. Based on distribution channel, the trekking rucksack market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The trekking rucksack market in Europe is sub segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe.

The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The trekking rucksack market in the Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the Rest of South and Central America.

In North America, the US has the highest number of COVID-19 cases. The widespread infection has curbed the progress of the consumer goods sector in the region, which is primarily attributed to disruptions in supply and distribution chains, and enactment of nationwide lockdown measures. However, according to the Centers for Disease Control and Prevention (CDC), ~186.6 million people in the US were fully vaccinated by October 7, 2021. As a result, governments are planning to revive their operations soon. Slowly and gradually manufacturing units are being operationalized, which is likely to support the trekking rucksacks market growth in the coming years.

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This release was published on openPR.