Global Outdoor Backpacks Market grow a CAGR of more than 4% during forecast period 2017-2022

Market Research Hub (MRH) has recently published the latest market study to its online portal, which is titled as “Global Outdoor Backpacks Market Research Report 2017” This study offers professional analysis of the current state of Outdoor Backpacks Market.

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The global outdoor backpacks market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The increasing number of government initiatives to promote outdoor recreational activities will drive the growth prospects for the global outdoor backpacks market in the forthcoming years. The increasing number of these initiatives will result in the growth of the tourism industry, which, in turn, will accelerate the growth of the outdoor backpacks market. Also, some of the financial support provided by the government includes affordable camping, caravan accommodations, and walking, biking, and driving trails.

Furthermore, the government of various countries such as the US, France, and Germany ensure the availability of enough number of accessible parks or community green spaces for the children, river restorations and recreational blue ways to power economic strength in communities, and support for farmers, ranchers, and private landowners, who provide access for recreation.

In terms of geography, North America accounted for the maximum market share during 2016 and will continue to dominate the market in the coming years. One of the major factors responsible for the market’s growth in the region is the increasing number of participation in outdoor recreational activities. Furthermore, according to the market research analyst, the demand for outdoor backpacks in North America is also growing because of the increasing support for outdoor activities from the governments, an increase in the number of camping and trekking sites, and the increased affordability of trips for travelers.

Competitive landscape and key vendors:

The global outdoor backpacks market is highly fragmented and competitive due to the presence of a large number of regional and international vendors across the globe. These market competitors are focusing on expanding their presence in traditionally low penetrated markets to experience a sizable rise in production capacity in the coming years. Furthermore, an increase in the production capacity will allow the competitors to meet the surging demand for outdoor backpacks due to the rising interest in outdoor recreational activities.

Key vendors in this market are -

Arc'teryx
Kelty
Marmot Mountain
Mountain Hardwear
Thule

Other prominent vendors in the market include AMG, CamelBak Products, Dakine, Deuter Sport, Gelert, Gregory Mountain Products, High Sierra, JanSport, Osprey Packs, Sierra Designs, The North Face, and Wildcraft.

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On the basis of product, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into
15-35 Liters
36-60 Liters
Above 60 Liters

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Outdoor Backpacks for each application, including

Men
Women
Kids

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This release was published on openPR.