Outdoor Backpacks Market to Grow by $ 777.55 mn in 2020 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavio
Technavio has been monitoring the outdoor backpacks market and it is poised to grow by USD 777.55 mn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the outdoor backpacks market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
The increasing number of government initiatives to promote outdoor recreational activities is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The market will accelerate at a CAGR of almost 5% and the incremental growth of the market is anticipated to be $ 777.55 mn.
Who are the top players in the market?
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., are some of the major market participants.
What is the key market driver?
The growth of the tourism industry is one of the major factors driving the market.
How big is the North America market
The North America region will contribute 36% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The growth of the tourism industry will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this outdoor backpacks market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The outdoor backpacks market report covers the following areas:
Outdoor Backpacks Market Size
Outdoor Backpacks Market Trends
Outdoor Backpacks Market Industry Analysis
This study identifies an increasing number of government initiatives to promote outdoor recreational activities as one of the prime reasons driving the outdoor backpacks market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist outdoor backpacks market growth during the next five years
Estimation of the outdoor backpacks market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the outdoor backpacks market
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
Table of Contents:
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 Capacity
Market segments
Comparison by Capacity 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 Capacity
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
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