Sleeping Bag Market Size and Development | Exclusive Report till [2023-2032] | AMG Group Ltd, Coleman Company Inc, Columbia Sportswear Company, Exxel Outdoors

The global sleeping bag market revenue was around US$ 1.45 billion in 2021 and is estimated to reach US$ 2.52 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2031.

A sleeping bag is a thin, insulated blanket that can be zipped into a tube shape using a zipper or other similar mechanism. When someone is sleeping outside, such as when trekking, camping, hill walking, or climbing, it functions as portable, lightweight bedding. With its synthetic or down insulation, it serves the primary purpose of providing thermal insulation and warmth.

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Factors Influencing Market Growth

The rise in consumer purchasing power and consumer investment in leisure activities drives the growth of the sleeping bag market.

Demand for sleeping bags is increased by an increase in field trips and camping sites and outdoor activities. Thus, these factors fuel the market growth.

An increase in the popularity of sleeping bags can be attributed to their portability, comfort, and compactness whether traveling or trekking. Thus, the introduction of new items with improved versions is likely to offer lucrative opportunities for the global market.

The availability of substitute products, such as tents for camping may impede the expansion of the sleeping bags market.

Study of the COVID-19 Pandemic

The COVID-19 pandemic outbreak had a significant impact on the global sleeping bag market, which then had an impact on the travel and safety apparel industries. During the lockdown, only necessities including food, medicine, hospitalization, and all other critical goods and services, were permitted to run. As a result, sales of all types of sleeping bags have decreased since the closure of the major sleeping bag industries. However, the majority of developed countries? accelerated vaccination campaigns, revenge travel and shopping, and government initiatives to revive the economy are the main factors anticipated to boost the global sleeping bag market.

Regional Insights

North America dominated the sleeping bag market with the largest market share. The expansion of the regional market will be impacted by the rise in leisure and outdoor activities, the rising import rate for raw materials, and the rise in the frequency of camping trips. The rapidly growing sports and fitness verticals have created space for a significant number of investments in addition to the market expansion for physical activity. The region's expanding digital commerce sector will also contribute to the development of a favorable environment for product advancement.

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Leading Competitors
The leading competitors in the global sleeping bag market are:
AMG Group Ltd
Coleman Company Inc
Columbia Sportswear Company
Exxel Outdoors
Gelert limited
Jack Wolfskin
Johnson Outdoors Inc
Kefi Outdoors
Kelty
NEMO Equipment
Oase Outdoors
RECREATIONAL EQUIPMENT
Snugpak
TETON Sports
The North Face
Others

Segmentation Analysis
The global sleeping bag market segmentation focuses on Type, Material, Price Point, Sales Channel, and Region.
Segmentation based on Type
Mummy Sleeping Bag
Rectangular Sleeping Bag
Others
Segmentation based on Material
Down Fill
Synthetic Fill
o Sub-type
? Polarguard
? Thermolite
? Others
Segmentation based on Price Point
Low
Mid
Luxury
Segmentation based on Sales Channel
Supermarkets and hypermarkets
Specialty stores
E commerce
Others

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Sleeping Bag market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Sleeping Bag market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Sleeping Bag market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Sleeping Bag business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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This release was published on openPR.