Outdoor Backpacks Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR41207
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The outdoor backpacks market size has the potential to grow by $ 777.55 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by distribution channel (specialty stores, department stores, hypermarkets, and supermarkets, online retail, and warehouse clubs), capacity (15-35 liters, 36-60 liters, and above 60 liters), and geographic landscape (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Amer Sports Corp., AMG Group Ltd., Columbia Sportswear Co., Dakine IP Holdings LP, Deuter Sport GmbH, Exxel Outdoors LLC, Gregory Mountain Products Company Stores LLC, Newell Brands Inc., Thule Group AB, and Vista Outdoor Inc.

What will be the Outdoor Backpacks Market Size in 2020?

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Who are the Major Outdoor Backpack Vendors?

The outdoor backpacks market is fragmented. The high competition in the market has encouraged several vendors to focus on new product launches and differentiated product offerings to gain a competitive advantage. Amer Sports Corp., AMG Group Ltd., and Columbia Sportswear Co. are some of the major market participants. Although the increasing number of government initiatives to promote outdoor recreational activities will offer immense growth opportunities, the threat from counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this outdoor backpacks market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this outdoor backpacks market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Amer Sports Corp.
  • AMG Group Ltd.
  • Columbia Sportswear Co.
  • Dakine IP Holdings LP
  • Deuter Sport GmbH
  • Exxel Outdoors LLC
  • Gregory Mountain Products Company Stores LLC
  • Newell Brands, Inc.
  • Thule Group AB
  • Vista Outdoor Inc.

Which are the Key Markets for Outdoor Backpacks?

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North America was the largest outdoor backpacks market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of product launches by some of the prominent vendors will significantly drive outdoor backpacks market growth in this region over the forecast period.

Almost 36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for outdoor backpacks in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

What are the Major Capacity Segments in the Outdoor Backpacks Market?

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There is an increasing demand for outdoor backpacks of 15-35 liters among consumers who frequently travel for short durations. Vendors in the global market have started offering various types of outdoor backpacks in this capacity to address the growing demand by consumers. Thus, this segment of the global outdoor backpacks market is expected to witness significant growth during the forecast period.

However, market growth in this segment will be slower than the growth of the market in the 36-60 liters segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the outdoor backpacks market size.

How will Government Initiatives Influence Outdoor Backpacks Market Growth?

The outdoor backpacks market will grow at a CAGR of almost 5% during the forecast period. The increasing number of government initiatives to promote outdoor recreational activities will drive the growth of the outdoor backpacks market. 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 governments 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.

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What are the Key Factors Covered in this Outdoor Backpacks Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive outdoor backpacks market growth during the next five years
  • Precise estimation of the outdoor backpacks market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the outdoor backpacks industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of outdoor backpacks market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Other 1

  • Market segments
  • Comparison by Other1 placement
  • 15-35 liters - Market size and forecast 2019-2024
  • 36-60 liters - Market size and forecast 2019-2024
  • Above 60 liters - Market size and forecast 2019-2024
  • Market opportunity by Other1

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Geographic Landscape by Volume

  • Geographic segmentation
  • Geographic comparison

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amer Sports Corp.
  • AMG Group Ltd.
  • Columbia Sportswear Co.
  • Dakine IP Holdings LP
  • Deuter Sport GmbH
  • Exxel Outdoors LLC
  • Gregory Mountain Products Company Stores LLC
  • Newell Brands Inc.
  • Thule Group AB
  • Vista Outdoor Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The outdoor backpacks market growth will increase by $777.55 million during 2019-2024.
The outdoor backpacks market is expected to grow at a CAGR of 4.87% during 2019-2024.
Technavio has segmented the outdoor backpacks market by other 1 (15-35 liters, 36-60 liters, and Above 60 liters) ,type (Dog food, Cat food, and Other small pet food) , and geographic (North America, Europe, APAC, and South America).
Amer Sports Corp., AMG Group Ltd., Columbia Sportswear Co., Dakine IP Holdings LP, Deuter Sport GmbH, Exxel Outdoors LLC, Gregory Mountain Products Company Stores LLC, Newell Brands Inc., Thule Group AB, Vista Outdoor Inc. are a few of the key vendors in the outdoor backpacks market.
North America will register the highest growth rate of 36.27% among the other regions. Therefore, the outdoor backpacks market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • China
  • Canada
  • France
The key factors driving the outdoor backpacks market growth are:
  • Product launches
  • Rising population of millennial worldwide
The outdoor backpacks market vendors should focus on grabbing business opportunities from the 15-35 liters segment as it accounted for the largest market share in the base year.
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