Sports Backpack Market is Expected to Reach USD 6,998.17millio, Registering a CAGR of 5.50% | 2023-2030

The sports backpack market is expected to reach USD 6,998.17million by 2030, which was USD 4,560.00 million in 2022, registering a CAGR of 5.50% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

The increasing popularity of sports such as basketball, football, volleyball and many other is projected to enhance the growth of the sports backpack market. According to the Australian Sports Commission, children from 12 to 14 years age group had the highest participation in sports such as 222.1% in Australian football, 7.4% in football, 18.0% in Basketball, 11.5% in Tennis and 17.4% in Cricket. Thus, the increasing participation of children in sports activities is anticipated to increase the demand for the sports backpack in upcoming period.

Some of the major players operating in the sports backpack market are:

Nike, Inc.(U.S.)
Puma SE (Germany)
Adidas AG (Germany)
ASICS India Pvt. Ltd. (India)
VF CORPORATION (U.S.)
Select Sport A.S. (Denmark)
Callaway Golf (U.S.)

Sports Backpack Market Regional Analysis/Insights

Europe dominates the sports backpack market due to the growing household expenditure on sporting services and goods in this region. Moreover, increasing level of government investment for sports participation will further increase the market growth in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to the increasing Influence of health wellness and athleisure trends in this region. Furthermore, growing number of sport and fitness activities will further increase the market growth in this region.

Opportunities

Increasing popularity of sports tourism

Growing sports tourism is rising the popularity of sports along with increasing chances of getting broadcasted in several media channels. This factor is attracting large number of people to opt for sports as a career option. Significant growth in the sport tourism as a result of the expansion of sports facilities all over the globe is expected to increase the demand for the sports backpack which will create lucrative opportunities for the market growth in the forthcoming years.

Rising trend of electronic retailing (E-tailing)

The growing trend of electronic retailing (E-tailing) is expected to create substantial opportunities for the major players in the sports backpack market to increase their sales and expand their presence globally. Now, several companies have successfully reached to wider consumer base by social media and then listing their sports backpack products in numerous marketplaces. The growing penetration of the internet remains an encouraging factor for companies to increase their product visibility globally

Global Sports Backpack Market Scope

Sports Type

Golf
Soccer
Baseball
Snow/Winter Sports
Football
Other Sports

Bag Type

Single Shoulder Bag
Shoulder Bag

 Materials

Leather
Canvas
Nylon
Other

Application

Loading
Ornament

 Distribution Channel

Specialist Retailers
Factory Outlets
Internet Sales
Department Stores
Others

 End User

Men
Women
Kids

Get More Information@
https://www.databridgemarketresearch.com/reports/global-sports-backpack-market

Browse Related Reports:

https://rupsbidkar.blogspot.com/2023/05/mycotoxin-binders-market-is-expected-to.html   

https://rupsbidkar.blogspot.com/2023/05/hazelnut-market-is-expected-to-reach-at.html  

https://rupsbidkar.blogspot.com/2023/05/islamic-clothing-market-is-expected-to_15.html  

https://rupsbidkar.blogspot.com/2023/05/coffee-creamer-market-is-expected-to_15.html

About Data Bridge Market Research:

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."

Contact:

Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com

This release was published on openPR.