Press release
Sleeping Bags Market to reach USD 2654 Mn Bn by 2029, Technological Advancements and Growth Opportunities
Sleeping Bags Market
Sleeping Bags Market Report Scope and Research Methodology
Sleeping bags are widely used to protect our bodies from extreme weather, but they are also used as a comforter, covering, or bedding. With the rise in outdoor activities such as hiking, hill walking, climbing, and camping, the market for sleeping bags is fast rising. The increase in adventure enthusiasts correlates with the rise in demand for sleeping bags. Adventure activities not only bring you closer to nature but they also offer a cost-effective and economical vacation choice, driving up demand for items like sleeping bags.
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The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. The report also includes a PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market.
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Sleeping Bags Market Dynamics
Growing interest in various adventure activities like hiking, rafting, camping, and others is driving up demand for sleeping bags in both emerging and developed countries. This is a major element that is expected to propel the global sleeping bag market forward over the projected period. Furthermore, among the millennial generation, growing knowledge of numerous benefits connected with camping, such as improved mental health, less stress, and others, has resulted in increased demand for sleeping bags throughout the world.
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Other important drivers expected to boost worldwide market expansion throughout the projected period include expanding the travel and tourist industry and e-commerce sector globally, as well as growing individual per capita income. Furthermore, the growing popularity of sleeping bag variations and growing knowledge among adventure enthusiasts about numerous advantages of this bag, such as weightlessness, compactness, convenience, comfort, and cost-effectiveness, are likely to drive worldwide market expansion.
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Factors that may hamper market growth include the availability of alternatives like tents, as well as the high cost of quality sleeping bags. The fluctuation in raw material prices and increased government regulations and restrictions on camping in certain areas may also limit the growth of the sleeping bags market.
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Sleeping Bags Market Regional Insights
The North America region dominated the market with 50% share in 2021. The market in North America is likely to grow at a substantial rate over the forecast period due to the presence of a high number of professional rock climbers and mountaineers in the area. Due to a growth in the number of professional rock climbers and mountaineers, the North American sleeping bag market is predicted to develop considerably between 2022 and 2027.
Due to an increase in leisure activities and camping among teenagers, the sleeping bag market in Asia Pacific is expected to grow rapidly throughout the projected period. Due to the existence of some of the top camping sites in countries like Brazil, Peru, Colombia, Ecuador, Argentina, and Chile, the market in South America is expected to develop at a modest rate in the future years.
Sleeping Bags Market Segmentation
By Product:
Rectangular Sleeping Bags
Mummy Sleeping Bags
By Insulation:
Down Fill
Synthetic Fill
By Distribution Channel:
Online
Offline
Sleeping Bags Market Key Competitors include:
Jarden Vaude
Johnson Outdoors
Oase Outdoors
Big Agnes
AMG Group
Columbia Sportswear
Exxel Outdoors
Gerlert, Jack Wolfskin
V F. Corp
Snugpak
Sleepingo
Wildhorn
Blackpine Sports
Hyke & Byke
Browning Camping
Sierra Designs
Cloeman
TETON SPORTS
Alpkit
Vango
MalloMe
Table of Content for Sleeping Bags Market
Global Sleeping Bags Market: Research Methodology
Global Sleeping Bags Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Sleeping Bags Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Sleeping Bags Market Segmentation
Global Market, by Product (2021-2029)
Global Market, by Insulation (2021-2029)
Global Market, by Distribution Channel (2021-2029)
Regional Sleeping Bags Market (2021-2029)
Regional Market, by Product (2021-2029)
Regional Market, by Insulation (2021-2029)
Regional Market, by Distribution Channel (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product, Insulation, Distribution Channel and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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