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Active Backpack Market set to reach $10.2 Billion in 2029: Insights on Market Size, Key Players, and Key Trends
The Active Backpack market is witnessing robust growth, driven by increased urbanization and travel activities alongside advancements in material science and manufacturing processes.What Is The Projected Market Size Of The Global Active Backpack Market And Its Growth Rate?
• The market will grow from $6.91 billion in 2025 at a CAGR of 8.7% from $6.35 billion in 2024.
• Significant growth attributes include increased disposable income of urban residents, increased focus on health and fitness.
• The market size will reach $10.2 billion in 2029, growing at a CAGR of 10.2%.
• The forecasted growth is linked to increase emphasis on health, sustainable materials, the booming e-commerce sector, rise of niche markets, and growing global connectivity.
What Is Driving The Growth In The Active Backpack Market?
The rise in recreational activities is a key driver of the active backpack market's growth. Outdoor leisure activities such as hiking, camping, travelling, cycling, running, and jogging all necessitate the use of versatile active backpacks. A report by the American Canoe Association noted a rise of 2.3% in outdoor recreation participants in 2023, reaching a record of 168.1 million, representing 55% of the U.S. population aged 6 and older. This increase in recreational activities is expected to continue propelling the growth of the active backpack market.
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Who Are the Key Players Driving Active Backpack Market Growth?
• Nike Inc.
• Adidas AG
• VF Corporation
• Puma SE
• Under Armour Inc.
• Columbia Sportswear Company
• Samsonite IP Holdings S.AR.L
• The North Face
• Arcteryx
• Jack Wolfskin
• Patagonia Inc.209.1
• CamelBak Products LLC
• Herschel Supply Co.
• V.I.P. Industries Limited
• JanSport Inc.
• Kelty
• Ogio
• Deuter Sport GmbH
• Nomatic LLC
• Tortuga Backpacks
• Mountainsmith
• WANDRD Gear
• Aer Designs LLC
• Eume World
• Peak Design
• Wildcraft India Private Limited
• Dakine IP Holdings LP
• Mystery Ranch Backpacks
• Matein Backpack
• Xiangxing (Fujian) Bag & Luggage Group Co. Ltd.
What Are The Key Trends In The Active Backpack Market?
• Integration of smart and connected features
• Innovative price point segmentation
• Rise in customization and personalization of active backpacks
• Active backpacks designed for multi-functionality and versatility
• Backpacks designed for people with disabilities or specific physical limitations.
What Are The Segments Of The Global Active Backpack Market?
• By Type: Hiking Or Trekking, Camping And Travelling, Sports
• By Size: Less Than 10L, 10L-20L, 20L-40L
• By Price Point: Under $50, $51-$100, $101-$150, $151-$200, $201-$250, Above $250
• By Distribution Channel: Specialty Stores, Retail Stores, Online
Which Region Leads The Global Active Backpack Market?
North America was the largest region in the active backpack market in 2024. The regions covered in the active backpack market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Active Backpack Global Market Report?
- Market Size Analysis: Analyze the Active Backpack Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Active Backpack Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Active Backpack Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Active Backpack Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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