Hydration Backpack Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026

The hydration backpack market share is expected to increase by USD 268.63 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.92%.

This hydration backpack market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydration backpack market segmentation by distribution channel (ofline and online) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The hydration backpack market report also offers information on several market vendors, including Aquamira Technologies Inc., Callaway Golf Co., Columbia Sportswear Co., Dakine IP Holdings LP, Decathlon SA, Helen of Troy Ltd., HydraPak LLC, InnerFit, Jetflow LLC, Klein Tools Inc., Leatt Corp., Mazama Designs, Osprey Packs Inc., Recreational Equipment Inc., Samsonite International SA, Schwanhausser Industrie Holding GmbH and Co.KG, SharkMouth, VAUDE Sport GmbH and Co. KG, VF Corp., and Wingnut Gear among others.

What will the Hydration Backpack Market Size be During the Forecast Period?

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Hydration Backpack Market: Key Drivers, Trends, and Challenges

The growing popularity of adventure tourism is notably driving the hydration backpack market growth, although factors such as high cost of hydration backpacks may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydration backpack industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydration Backpack Market Driver

One of the key factors driving the global hydration backpack market growth is the growing popularity of adventure tourism. Hectic work schedules and health issues motivate people to opt for adventurous sports such as hiking, trekking, biking, and skiing. For instance, over 6% of the US population, between the age of 18 and 30, participate in adventure sports. In addition, the rise in disposable income and the growth of the global economy, both developed, and emerging economies will further increase investments in tourism, including adventure tourism. For instance, according to The World Bank Group, the gross national income (GNI) per capita in the world increased from USD 11,641 in 2007 to USD 18,381 in 2020. Hydration backpacks are widely used in adventure sports, such as trekking, hiking, biking, and skiing. Thus, such factors will drive the market growth during the forecast period.

Key Hydration Backpack Market Trend

Increasing number of M&A is one of the key hydration backpack market trends that is expected to impact the industry positively in the forecast period. For instance, in 2018, Klein Tools acquired Ergodyne. The acquisition will help Klein Tools to expand its product portfolio by including Ergodynes products such as hydration backpacks, gear for hand and eye protection, knee pads, footwear accessories, and portable work shelters. In 2017, Samsonite International SA acquired web-only travel bag retailer eBags Inc. The acquisition helped Samsonite International SA to expand its online retail reach, thus boosting sales growth across all brands in its portfolio, including hydration backpacks. These strategic alliances will help vendors expand their product portfolio and enter new regions, which are expected to further drive market growth in the coming years.

Key Hydration Backpack Market Challenge

One of the key challenges to the global hydration backpack market growth is the high cost of hydration backpacks. For instance, the average price of hydration backpacks ranges between USD 30 and USD 100, while the average price of regular water bottles is around USD 10. The adoption of hydration backpacks among sports enthusiasts in developing and underdeveloped countries such as India is not as high as that in developed regions like North America and Europe. In developing countries, this high cost makes optimum market penetration difficult for key vendors. Such factors are expected to limit the growth of the market in the forecast period.

This hydration backpack market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global hydration backpack market as a part of the global leisure products industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydration backpack market during the forecast period.

Who are the Major Hydration Backpack Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Aquamira Technologies Inc.
• Callaway Golf Co.
• Columbia Sportswear Co.
• Dakine IP Holdings LP
• Decathlon SA
• Helen of Troy Ltd.
• HydraPak LLC
• InnerFit
• Jetflow LLC
• Klein Tools Inc.
• Leatt Corp.
• Mazama Designs
• Osprey Packs Inc.
• Recreational Equipment Inc.
• Samsonite International SA
• Schwanhausser Industrie Holding GmbH and Co.KG
• SharkMouth
• VAUDE Sport GmbH and Co. KG
• VF Corp.
• Wingnut Gear

 

This statistical study of the hydration backpack market encompasses successful business strategies deployed by the key vendors. The hydration backpack market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Aquamira Technologies Inc. - The company offers hydration backpack brands such as Rig Cadence, Rig Guardian, Bando.
• Aquamira Technologies Inc. - Under the unified segment, the company offers a wide range of products, such as filter bottles, pressurized reservoirs, filtration products, and water treatment products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydration backpack market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydration Backpack Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydration backpack market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hydration Backpack Market?

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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for hydration backpacks in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The well-developed sports industry and the presence of various adventure sports destinations in countries such as the US and Canada will facilitate the hydration backpack market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the COVID-19 pandemic had a negative impact on the regional hydration backpack market. The governments of various countries, such as the US and Canada, had imposed COVID-19-related restrictions, including travel bans, to curb the spread of the disease. Due to reduced international and domestic travel in the region, the demand for hydration backpacks declined. However, in H2 2020, due to the availability of vaccines, the COVID-19 cases in the region declined. The governments of the US and Canada lifted travel restrictions, which led to increased regional demand for hydration backpacks and will drive the regional market growth during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Hydration Backpack Market?

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The hydration backpack market share growth by the offline segment will be significant during the forecast period. The growth is attributed to the preference of customers to offline channels owing to convenience in contacting vendors and negotiating over prices, huge stock-keeping units (SKUs) that allow end-users to choose from a wide variety of branded products, and a better product assortment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydration backpack market size and actionable market insights on post COVID-19 impact on each segment.

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Hydration Products Market  - The market share is expected to increase by USD 231.39 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.68%.

Hydration Backpack Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 11.92%
Market growth 2022-2026	$ 268.63 million
Market structure	Fragmented
YoY growth (%)	11.06
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, Canada, Australia, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aquamira Technologies Inc., Callaway Golf Co., Columbia Sportswear Co., Dakine IP Holdings LP, Decathlon SA, Helen of Troy Ltd., HydraPak LLC, InnerFit, Jetflow LLC, Klein Tools Inc., Leatt Corp., Mazama Designs, Osprey Packs Inc., Recreational Equipment Inc., Samsonite International SA, Schwanhausser Industrie Holding GmbH and Co.KG, SharkMouth, VAUDE Sport GmbH and Co. KG, VF Corp., and Wingnut Gear
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Hydration Backpack Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive hydration backpack market growth during the next five years
• Precise estimation of the hydration backpack market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the hydration backpack industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of hydration backpack market vendors

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